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Barry Stuppler

  1. Weekly Market Report 7/11/11

    GOLD Gold investors were very happy last week. Gold was up every day, increasing $58.80 per ounce (3.98%) in just one week, and closing at $1,541.60 per ounce on Friday. The price increase started in Asia and the Middle East over the 4th of July holiday after gold had bottomed out at $1,478 on July 1st. Gold continued its bull...
    (Read More)
    By Barry Stuppler
    | July 11 2011
    Posted in Weekly Market Report

  2. Gold poised to hit record high at $1,582 an ounce

    The gold outlook for next week is moderately bullish. Analysts say the next key upside chart resistance is the swing high from June 22 at $1,559.30. If the market broke through that ceiling, it would target a retest of the $1,577.70 high. On the downside, initial support lies at $1,522.20. Gold prices rallied on Friday, as the August Comex contract hit its highest level since June 23, after a sharply weaker-than-expected US June employment report. August futures settled at $1,541.60 an ounce, up four per cent for the week...

    (Read More)
    July 11 2011
    Posted in News Articles

  3. Daily Market Update 7/08/11

    GOLD Today’s disappointing U.S. jobs report, driving our employment rate to 9.2%, was negative for the U.S. Stock Market, but bullish for Gold which rallied $10.20, trading at $1,542.30 an ounce at 11am PDT.  Why did gold rally on a poor Jobs report? Because, this news makes another round of quantitative easing far more likely. I will provide more information...
    (Read More)
    By Barry Stuppler
    | July 8 2011
    Posted in Daily Market Report

  4. Daily Market Update 7/07/11

    GOLD Up, Up, and Away... the Gold rally continues with gold trading at $1,532.10, up another $3.40 an ounce at 11am PDT. It’s becoming more and more clear that the primary issue driving gold prices both up and down is DEBT. Whether it is Euro Debt, Japanese Debt, or lifting the U.S. Debt ceiling, both the positive and the negative...
    (Read More)
    By Barry Stuppler
    | July 7 2011
    Posted in Daily Market Report

  5. Daily Market Update 7/06/11

    GOLD Gold was up another $20.10 per ounce today, trading at $1,528.70 at 11am PDT, on negative Eurozone news. Moody’s gave the markets a painful reminder late yesterday that the debt crisis in the peripheral Eurozone countries is far from over. Moody’s lowered Portugal’s credit rating four notches (to Ba2) and further unsettled investors when they claimed that the percentage...
    (Read More)
    By Barry Stuppler
    | July 6 2011
    Posted in Daily Market Report

  6. Silver Demand in China Booming

    Silver demand in China is soaring. Imports of silver to the Asian giant have reached new highs, and analysts maintain that demand for this year will only continue to grow. The growth comes not only from industrial and jewelry demand, but also from the increased investments in...

    (Read More)
    July 6 2011
    Posted in News Articles

  7. Daily Market Update 7/05/11

    GOLD Gold is up $23.40 today, trading at $1,510.60 an ounce at 11am PDT. Gold rallied on light trading in Asia, the Middle East, and London, as bargain buying with gold under $1,500 stimulated investors and jewelry manufactures to add to their gold holdings. The rally continued in the U.S., breaking above the important $1,500 level, as an article over...
    (Read More)
    By Barry Stuppler
    | July 5 2011
    Posted in Daily Market Report

  8. Weekly Market Report 7/05/11

    GOLD This morning gold is back above the psychological $1,500.00 an ounce level on short covering and bargain buying. But, last week Gold was down $14.20, ending the week at $1,486.70 per ounce. Last Friday I was very surprised to see gold trading down as low as $1480. With a number of volatile issues temporarily behind us, the emotional run...
    (Read More)
    By Barry Stuppler
    | July 5 2011
    Posted in Weekly Market Report

  9. Daily Market Update 07/01/11

    GOLD Gold is trading at $1,487.20 at 11am PDT, down $19.40 per ounce. With no clear reason for the selloff, this morning I called some friends who trade precious metals at the New York & Chicago Commodity Markets to ask why gold and silver prices are down today.  Here is what they said: Gold took its direction from a sharply...
    (Read More)
    By Barry Stuppler
    | July 1 2011
    Posted in Daily Market Report

  10. Daily Market Update 6/30/11

    GOLD Gold was trading at $1,506.60 at 11am PDT today, down $1.90 an ounce on average trading volume. Gold tested the important $1,500 price level again today, hitting $1,500.60 this morning. I believe the heavy demand for gold at this level means the downside risk for gold has become limited, while the fundamental issues that make Gold’s upside look robust...
    (Read More)
    By Barry Stuppler
    | June 30 2011
    Posted in Daily Market Report

Items 5251 to 5260 of 5415 total

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