Weekly Market Report

  Stuppler & Company is proud to provide our clients this Weekly Market Report (WMR). The report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each WMR I share the current status of Gold and Silver along with their support and resistance levels.   Current Rare Coin Listings Updated  ...

Gold hit a low of $1,765 per ounce last week on margin calls and panic selling. . . .Barry Stuppler

Since the beginning of June, Gold has traded between $1,855 to $1,919, as Gold consolidates the recent gains. Physical and futures demand continues to grow every time Gold gets near . . . . (Barry Stuppler)

As the Gold price moved up, from its March 31st, 2021 low of $1,677 per ounce to its June 1st high of $1,919, we saw several corrections. . . .Barry Stuppler

The Gold rally continues, hitting a high of $1,917 per ounce last night. . . . Barry Stuppler

After breaking above the key $1,800 level on May 6th, Gold kept on moving higher last week. . . . Barry Stuppler

Gold broke the very important $1,800 per ounce resistance level on May 6th and has closed above that level for the past six trading days. During that period, Gold has traded between $1,808 to $1,848 per ounce . . . . Barry Stuppler

May started on a high note for Gold investors with the Gold price increasing $63 per ounce. Just last week, Gold broke out above the key $1,800 per ounce resistance level on Thursday . . . .

The month of April ended with Gold at $1,767.30 per ounce, up $51 for the month. Gold stayed above $1,725 all month . . . . Barry Stuppler

Last week Gold showed excellent fresh demand and price support. Gold reached a high over $1,790 per ounce four of the five trading days before seeing some price consolidation . . . . (Barry Stuppler)