Barry Stuppler

GOLD I was beginning to think that we were going to build a new price base around the $1800 per ounce level. Friday’s employment report was released, along with negative news regarding the Eurozone debt problems, causing the gold market to rally to above $1,880 per ounce. Although volume was light due to the long holiday weekend, there was a...

GOLD Are you ready for another run in Gold? A combination of no growth in the August employment numbers and continued problems with the Eurozone debt issues started a gold and silver rally in Asia, and rounded into Europe and the U.S. Markets. Right now, at 11am PDT, gold is trading at $1,875.50 per ounce, up $47.60 (2.6%) on a...

GOLD Ahead of the holiday weekend, gold seems to be settling into a nice narrow trading range of $1810 to $1840 on average volume.  Lightening up on the volatility is healthy for any commodity market, and would put off any margin increases.  Gold’s price support is coming in the face of a sizeable rally in the value of the U.S...

GOLD We are seeing increasing support for Gold in the $1,810 price area. Demand has increased in Asia, Europe, and the U.S. in the physical and futures gold markets.  This week’s volume is normal as we move into a holiday weekend. Right now at 11 am PDT Gold is firm at $1,830.80, up $6.50 per ounce. The World’s Central Banks...

GOLD At 11am PDT Gold is trading at $1,824.30, up $32.50 per ounce on good volume. Gold has traded in a healthy narrow $21 range today with excellent support overnight in Asia.  Gold prices rallied this morning as Charles Evens, President of the Chicago Federal Reserve said that we need to consider further strong easing moves with the labor market...

GOLD During this past week Gold and Silver showed us all just how volatile it can be. Monday, Gold closed at $1,891.90 per ounce up $132 from the previous week’s close, setting the stage for hitting the new all-time high of $1,912.80 early Tuesday morning.  Wednesday, gold closed down $104 per ounce and Thursday gold dropped to $1,701 on heavy...

GOLD This morning Gold saw some profit taking in Asia and Europe from Friday’s run up.  The Gold market dropped down to $1,778 before significant buying appeared.  It looks like gold is trying to establish a $1,750 to $1,850 trading range, which would be very healthy as we approach a very bullish time of the year. Because we have just...

GOLD  Post Jackson Hole speech, we should see Gold continue to build its new trading range. Last night the most active trading month (the December gold contract) hit the $1,800 resistance level before trading back down to $1,770 per ounce.  This week we have seen a new $1,700 to $1,800 trading range for gold. After the extraordinary volatility of the...

GOLD Gold hit $1,701.70 in overnight trading and quickly bounced back to $1,730. It looks like the $1,700 area has major support for Gold.  Building a base in the $1,700 to $1,775 area for the next two to three weeks would be very supportive of the long term market health, while representing good value considering the recent high of $1,912.60...