Barry Stuppler
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Daily Market Update 9/09/11
GOLD One stimulus plan down, one to go. Last night we heard a fiscal stimulus plan from President Obama. Earlier today we heard that Federal Reserve Chairman Ben Bernanke will explore launching a monetary stimulus program (QE3) at the FOMC meeting later this month. How did the Gold market react to hearing Obama propose the America Jobs Act of 2011? ...(Read More) -
Daily Market Update 9/08/11
GOLD Last night we saw sizeable Asian demand for gold and silver, which drove the markets higher. Gold traded between $1,815 and $1865 per ounce with heavy trading action between $1835 and $1845 per ounce. I expect to see increasing physical demand ahead of India’s wedding season, and the cloudy outlook of the global economy continues to brighten gold’s appeal...(Read More) -
Daily Market Update 9/07/11
GOLD Long term owners of Gold need to understand and accept the increased volatility in the Gold price. We saw a run up to $1,921 early Tuesday morning and a sell off to $1,791 in early Asian trading this morning, before significant buying came into the market. In Asia, a 4,000 lot of gold contracts (400,000 oz) was sold into...(Read More) -
10 Countries with the Largest Gold Reserves
(Read More)The chemical element Au with atomic number 79 "has never been worth zero." King Tutankhamen and the Incas had at least one thing in common - they understood the value and scarcity of gold and used it as a symbol of wealth and power. Nothing has changed since.
Even though gold is no longer used to back currencies like the dollar, it is still stockpiled by countries around the world. Since the price of gold has fluctuated dramatically, the holdings are ...
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The worst of the euro crisis is yet to come
(Read More)The most disturbing aspect about the Eurozone right now is that every crisis resolution strategy depends on a moderately strong economic recovery. The Greek program was already in trouble when it was agreed six weeks ago. All the official forecasts were wrong. The country is in a depression, and its debt dynamic is “out of control”, according to its new fiscal council. In Italy, the central bank expressed concern that the country’s austerity programme would have ...
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Daily Market Update 9/06/11
GOLD Gold reached $1920.70 in early Tuesday Asian and European trading. Trading was extraordinarily active with very high volume on the electronic exchanges, before significant profit taking which took the price down to $1,862. Gold rallied back and is trading at $1,869.70 at 11am PDT, down $5.80 from Friday’s price. Tuesday’s $60 gold trading range on higher volatility over the...(Read More) -
Weekly Market Report 9/06/11
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...(Read More) -
Daily Market Update 9/02/11
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...(Read More) -
Daily Market Update 9/01/11
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...(Read More) -
Gold and Silver - The Bullish Season is coming
(Read More)To my surprise we have seen a sharp increase in the price of Gold during the month of August. Gold is usually unchanged to lower in the June to August period of the year. As I have shown in the data below, the increases in gold and silver normally start in September. Why, because....
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Gold & Silver Testing Key Support Levels Again ByJune 1 2026
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Gold & Silver testing Key Support Levels Again ByJune 1 2026
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China’s Record Silver Stockpiling Triggers Supply Squeeze ByMay 29 2026
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Gold Moving Higher on Positive Iran News ByMay 29 2026