Barry Stuppler
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Industrial Demand: A Strong Support for Silver
(Read More)A report released by the Silver Institute forecasted that industrial fabrication would increase by 37 percent between 2010 and 2015, meaning a potential increase from approximately 488 million ounces (m/oz) to 666 m/oz.
Fabrication of silver often brings to mind coins, jewelry, and cutlery. The masses, including silver investors, probably do not realize how widespread the use of silver really is....
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Daily Market Report 01/18/12
GOLD Today’s IMF announcement about boosting its lending resources combined with reports of increasing demand for Gold in Asia has provided strong demand for gold. The low/high trading range for Gold overnight has been $1,641/$1,664 per ounce. At 11am PDT, gold is trading at $1,660.70, up $3.20 per ounce on excellent consolidation support. The price of Gold has recently been...(Read More) -
Daily Market Report 01/17/12
GOLD Up, up and away, the 2012 gold rally has started. Seventeen days into 2012, and gold has increased by $90 or 5.5%. At 11am PDT Gold is up $13.30 per ounce, trading at $1,657.50 on heavy volume. Gold prices rose to the highest level in over a month as buyers speculated that slowing Chinese growth may lead to monetary...(Read More) -
Weekly Market Report 01/16/12
GOLD A new year and another great beginning for gold investors. For the second week in a row gold has closed higher, building an excellent base between $1,600 and $1,660 per ounce. Last week, gold closed at $1,630.80, up $14 per ounce for the week on excellent volume, with increasing demand for physical investment products. Today, with the U.S. markets...(Read More) -
Daily Market Report 01/16/12
GOLD In the face of a major rally in the value of the U.S. Dollar versus the weak Euro ($1.2620), gold is up on the day. When we have a rally in the Dollar, gold priced in U.S. Dollars normally declines, but the Dollar rally is due to the massive and continuing debt crisis in Europe. Many of the PIIGS...(Read More) -
Elliot Wave suggests gold correction is over, heading for 200% gains
(Read More)There is a strong probability that the correction in the price of Gold has been completed. In Elliot Wave (EW) terms, the correction consists of three waves, an A wave down, a B wave rally and a final C wave decline. There is usually a relationship between the A and C waves. Often they are equal or have a Fibonacci connection....
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Chinese gold bugs take the lead
(Read More)Did China just overtake India as the world’s largest gold consumer?
Little more than a year ago it would have been almost laughable to ask that question. In 2010 India’s gold consumption was a full 46 per cent – or 275 tonnes – higher than China’s, according to data from consultants GFMS published in the World Gold Council’s quarterly reports.
Even three months ago it would have been a stretch. In the first nine months of 2011, Indian gold demand totaled 743 tonnes, compared to 612 tonnes for China.
But data released in the past few days suggests that China ....
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Daily Market Report 01/13/12
GOLD At 11am PDT Gold was down $15.90 for the day, trading at $1,634.80 per ounce, but up $19.80 for the week. Gold prices eased today as fears about a S&P credit downgrade of France and Austria drove the value of the U.S. Dollar higher versus the Euro. The Euro also dropped today as talks over Greece’s debt restructuring collapsed...(Read More) -
Daily Market Report 01/12/12
GOLD Gold prices were up today partly because of lower borrowing costs for Spain and Italy which pushed the euro higher versus the U.S. Dollar, resulting in a rally for gold and silver. At 11am PDT, Gold is up $11.10, trading at $1,650.70 per ounce on excellent global exchange volume. $1,650 is a minor resistance level and if gold can...(Read More) -
China’s 2012 Gold Panic
(Read More)China’s latest gold figures look unrelentingly bullish. Too bullish perhaps…
SO “GROWTH has [now] replaced inflation as Beijing’s top policy concern,” says Qu Hongbin, Asian economics expert at HSBC in Hong Kong, forecasting three cuts to China’s banking reserve requirements by July.
“There is developing in Beijing, I think, almost a panic about global economic prospects and the impact of the European crisis on China,” agrees Michael Pettis, finance professor at Peking University. He goes one further and forecasts debate – if not the fact – of a currency devaluation in 2012.
Yes, you read that right. In a US election year, Beijing’s policy wonks are arguing over cutting the Yuan’s foreign exchange value, not raising it....





