Barry Stuppler

GOLD Today I saw a lot of major international banking institutions (HSBC, Deutsche Bank, Morgan Stanley, Goldman Sachs and BNP Paribas) lower their Gold and Silver price forecasts. These statements negatively affected the price of Gold and Silver this morning. At 11am PDT today, Gold is trading at $1,278, down $2 per ounce on excellent volume. Central Banks keep buying...

This Week’s Headlines: Gold What has caused this dramatic drop in Gold? What is the outlook for Gold now? Ron Paul feels that the Gold Price is going much higher Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification   GOLD Last week was truly ugly for Gold and Silver investors. Gold fell sharply below the short term support...

GOLD Gold traded today in the $1,275 to $1,300 per ounce range. Gold has done very well today considering a dramatic drop in the world’s equity markets, the U.S. DJIA down over 150 points, and with the continued strength in the U.S. Dollar. Today’s Gold demand is good, but with problems with weak Chinese economic news and a cash crunch...

GOLD Yesterday, Gold was unable to find buyers in the face of a strong U.S. Dollar, moderate inflation indicators, a collapsing equities market, a continued drop in the Gold ETF holdings (now down to 995.35 tonnes) and positive U.S. economic news. After gold broke below $1,322 and $1,300 per ounce support levels, we saw professionals and technical traders come into...

GOLD Gold slid after Federal Reserve Chairman Ben Bernanke suggested the U.S. Federal Reserve will begin scaling back its $85 billion bond-buying program later this year, saying "The committee currently anticipates that it will be appropriate to moderate the monthly pace of purchases later this year." This news, and the possibility of quantitative easing ending by next year if the...

A global Clearing Member of the London Bullion Market Association (LBMA) – and a market leader in global precious metal services – announced the establishment of one of the largest custodial and vaulting services for gold at the Singapore Freeport.

The vault has the capacity to store up to $8.7 billion worth of gold bullion in a state-of-the-art facility on behalf of Deutsche Bank’s clients . . . .

GOLD Many professional traders and speculators sell Gold short every time it gets near $1,400. These sellers would run for cover should Gold rally above $1,410, however many of these same traders bought Gold (went long) when it hit $1,360 yesterday.   Many anxious Gold investors are concerned that if the Federal Reserve reveals a road map for weaning the economy...

GOLD India’s trade deficit was reported this morning, widening to a seven-month high of $20.1 billion in May, surging 18.8% on-year. Gold imports continued to remain high despite recent measures from the government and the Reserve Bank of India (RBI). The Indian government has raised the Gold duty twice this year, first to 6% and recently to 8%. India’s imports...

This Week’s Headlines: Gold What are Professional Gold Traders doing? Gold Confiscation is being discussed again Gold Demand is growing as warehouse supplies decline What are developed nations doing about the run to Gold?Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification   GOLD Last week Gold traded in a narrow $22 high/low range, from $1,394 on the high...

GOLD Gold traded today in a narrow price range awaiting direction from the Federal Reserve policy meetings starting tomorrow. At 11am PDT, today Gold is down $5 per ounce, trading at $1,383 per ounce on normal volume. SILVER Silver briefly traded above $22 per ounce, reaching $22.11 per ounce earlier this morning. However, as Gold sold off from its highs...