Barry Stuppler
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The Silver Shortage Of 2013
(Read More)Did you hear the U.S. Mint just ran out of silver? In mid-January, the Mint suspended sale of the 2013 run of its popular U.S. “Eagles.”
The new silver Eagles sold out fast. They went on sale, and buyers bought everything they could lay hands on. Within days, the shelves at the Mint were stripped bare. It’s not the first time that this has happened . . . .
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With Amazon minting currency, Fed at risk
(Read More)Central banks are not exactly short of things to worry about right now.The euro may well be on the road to a chaotic collapse, taking some of the world’s biggest banks with it. A currency war may break out between Japan, the U.S. and Europe. Printing money has run out of steam, but there is still little sign of the global economy returning to the kind of growth rates it saw before the credit crunch.
But in the long term what they should perhaps be most worried about is losing their monopoly on issuing money . . . .
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Daily Market Report 2/14/13
GOLD Gold traded this morning lower on strength in the U.S. Dollar’s value (versus the Euro) on light demand. Not surprising considering that Asian precious metal markets are closed this week for the Lunar New Year holiday. At 11am PDT today, Gold is down $9 per ounce, trading at $1,635 per ounce on light volume. WORLD GOLD COUNCIL REPORTS ALL-TIME...(Read More) -
World Gold Council 2012 Gold Report
(Read More)The World Gold Council issued its 2012 year end Gold report this morning. The report shows that during 2012 the all-time record world gold demand was . . . .
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Daily Market Report 2/13/13
GOLD With Asian precious metals out of the picture, closed for the weeklong Lunar New Year holiday, the metals are struggling for direction. Gold traded today between $1,642 to $1,655 per ounce, and at 11am PDT today Gold is trading near the lows of the day at $1,644 per ounce, down $6.50 per ounce on average trading volume. SILVER Silver...(Read More) -
Daily Market Report 2/12/13
GOLD Today could be a short term pivotal day for the Gold market. Gold broke below $1,640 earlier this morning in European trading, and then sizeable buying appeared to drive the market higher. Considering that Asian precious metal markets are closed for the New Year holiday, I was surprised to see substantial bargain buying of Gold. At 11am PDT today...(Read More) -
Daily Market Report 2/11/13
GOLD Gold traded this morning as low as $1,644 per ounce as Asian precious metals were closed for the Lunar New Year holiday. The volume of sell orders picked up when Gold broke through the $1,650 per ounce support area. Today’s Gold trading could be the weak hands clean out, which is what we have seen in the past prior...(Read More) -
Weekly Market Report 2/11/13
This week’s WMR provides an update on the precious metal markets as well as an excerpt from PIMCO’s Bill Gross interview with Barron’s Magazine on why he selected Gold as his number one investment choice for 2013. GOLD Last week Gold traded in a very narrow price range for the entire five days. With daily closes that ranged from $1,667...(Read More) -
Daily Market Report 2/8/13
GOLD Gold traded this morning in a narrow price range. With only a $7 high/low range today we are seeing Gold consolidate around the $1,670 per ounce price. Trading volume should drop next week as China’s week-long Lunar New Year holiday starts tomorrow. At 11am PDT Today, Gold is down $3.00 per ounce, trading at $1,668 per ounce on very...(Read More) -
Daily Market Report 2/7/13
GOLD We saw some short term profit taking in Gold after hitting the $1,680 per ounce resistance level this morning. At 11am PDT today, Gold is trading at $1,671, down $5 per ounce on average trading volume. CHINA IMPORTS 834.5 METRIC TONS OF GOLD IN 2012, AN ALL TIME RECORD HIGH It was announced today that Mainland China imported a...(Read More)





