Barry Stuppler
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Daily Market Report 02/24/12
GOLD Today, Gold saw a little consolidation after a $60 up move this week. At 11am PST, Gold is trading at $1,776.20 per ounce, down $6.70 for the day with light weekend type volume. China’s domestic gold jewelry consumption increased to 456.66 metric tons in 2011, a growth of 27.9% over 2010. According to China Gold Council, domestic investment-oriented gold...(Read More) -
Daily Market Report 02/23/12
GOLD Up, Up, and away! Gold is up another $12 today on active buying in Asia and Europe. The next resistance level is $1,800 per ounce. At 11am PST, gold is at $1,783.90 per ounce. It looks like yesterday’s 1 million ounce purchase may have come from a Middle East buyer or financial institution. SILVER Finally, Silver has shown...(Read More) -
Daily Market Report 02/22/12
GOLD Just as Gold was consolidating yesterday’s $30 gain in the $1,758 range around 10am PST, we saw a $10 move higher on a 10,000 contract (1 million ounces) purchase. Gold now has clearly broken above the $1,760 per ounce resistance level, and is on the way to $1,800 per ounce. Overnight trading volumes in Asia and Europe have been...(Read More) -
Weekly Market Report 02/21/12
This week’s Market Report provides you with an update on the precious metal markets and the reasons why we are about to see a major break-out move in gold. GOLD Last week Gold was back on the winning track. Gold has been up six out of the first seven weeks of 2012, closing on Friday at $1,725.90 per ounce...(Read More) -
Daily Market Report 02/21/12
GOLD Gold is off and running again based on the world news released over the long weekend. Both the developments in China and Greece (Shown below) are highly bullish for gold and will be the catalyst for the gold break-out above the $1,760 resistance level I have been looking for. At 11am PST, Gold is up $28.20 from Friday’s close...(Read More) -
Gold Bulls Expand as Billionaire Paulson Says Buy: Commodities
(Read More)Gold traders are getting more bullish after billionaire hedge-fund manager John Paulson told investors it’s time to buy the metal as protection against inflation caused by government spending. Twelve of 22 surveyed by Bloomberg expect prices to ....
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Daily Market Update 02/17/12
GOLD The trading range on Gold has been very narrow in the past few weeks, which is expected has it builds a firm base for the next leg up. In the past 24 hours gold’s low/high has been $1,716/$1,736 on normal volume as the world’s financial markets await positive news from the Eurozone. At 11am PST, Gold is down $2.30...(Read More) -
Daily Market Report 02/16/12
GOLD Gold continues to tread water waiting on developing news in the European Union’s decision on the debt crisis. The base gold is building above $1,700 will pay big dividends as we start the move to the $1,800 and above resistances levels. Gold tested that important $1,700 support level for the third time early this morning, held at $1,704 and...(Read More) -
Gold Demand Trends: Full year 2011
(Read More)Global demand for gold in 2011 rose to 4,067.1 tonnes (t) worth an estimated US$205.5 billion - the first time that global demand has exceeded US$200billion and the highest tonnage level since 1997, according to the World Gold Council’s Gold Demand Trends. The main driver for this increase was the ....
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Daily Market Report 02/15/12
GOLD The uncertainty of the Greek Debt Crisis is still a detriment on the global financial markets. This Deal on, Deal off mindset is driving many professional traders crazy. Gold continues to behave as the only real safe haven investment. Gold is up today showing its true strength, surprisingly in the face of a stronger U.S. Dollar versus the Euro...(Read More)
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