Barry Stuppler
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Paulson, Soros Add Gold as Price Declines
(Read More)Billionaire investors George Soros and John Paulson increased their stakes in the biggest exchange- traded fund backed by gold as prices posted the largest quarterly drop since 2008 . . . .
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Daily Market Report 8/14/12
GOLD Gold turned lower today, after the U.S. Commerce Department said that retail sales rose by a seasonally adjusted 0.8% in July, easily surpassing expectations of a 0.3% increase. This increase was stronger-than-expected and dampened hopes for further easing by the Federal Reserve. After the news was released this morning, Gold sold off to as low as $1,590 per ounce...(Read More) -
Weekly Market Report 08/13/12
This week’s Market Report provides you with an update on the precious metal market activities, especially as Gold remains above $1,600 per ounce. Also included in this week’s report is my rare coin update from the ANA at the Philadelphia World’s Fair of Money Coin Convention. I am also asking my clients and friends to contact their Congressman and...(Read More) -
Daily Market Report 8/13/12
GOLD The Gold price drifted lower in quiet summer trading today, but the action should pick up over the next several trading days after the release of several closely watched US data reports and as eurozone government officials discuss the merits of new stimulus programs. At 11am PDT, Gold is down $9.30, trading at $1,612.60 per ounce. Gold demand is...(Read More) -
Daily Market Report 8/10/12
GOLD Gold is taking the lead again today; after reaching an early morning low of $1,604.90 per ounce, Asian demand for Gold with good volume drove the market back to $1,628 before seeing resistance. $1,630 is an important resistance level, but when it breaks through very soon the price should move quickly to test $1,700 per ounce. At 11am PDT...(Read More) -
Daily Market Report 8/09/12
GOLD Gold rose today after China’s factory output activity unexpectedly slowed in July to its weakest in more than three years, which leaves room for policymakers to adopt a bullion-friendly monetary stimulus policy to meet China’s annual 7.5 percent growth target. At 11am PDT, Gold is up $3.60 per ounce, trading at $1,616.80 per ounce on average volume. SILVER Silver...(Read More) -
Daily Market Report 8/08/12
GOLD Gold sold off earlier this morning, reaching $1,603 per ounce before rallying back to $1,617 per ounce on excellent demand. Gold staying above the key $1,600 support area continues to be very bullish for a possible breakout very soon. At 11am PDT, Gold is trading at $1,613.20, up $1.40 on excellent volume. SILVER Silver fell to $27.67 earlier today...(Read More) -
Daily Market Report 8/07/12
GOLD At 11am PDT today Gold is trading virtually unchanged from yesterday at $1,611.80, down $0.60 per ounce on average trading volume. PHYSICAL GOLD DEMAND IS INCREASING South Korea increased its Gold holdings by nearly a third in July, buying 16 tonnes of Gold for $810 million, an average cost of $1,582 per ounce. This purchase is part of South...(Read More) -
HSBC Predicts Gold Rally To $1,900+ By Year-End
(Read More)There are increasing signs that Spanish Prime Minister Mariano Rajoy appears amenable to a European-Union bailout for Spain, despite the fact that this would mean to all intents and purposes relinquishing his government’s remaining fiscal sovereignty to Brussels. The FT’s David Gardner notes that Rajoy’s government has . . . .
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Weekly Market Report 08/6/12
This week’s Market Report provides you with an update on the precious metal markets, especially on Gold’s continued fight to stay above $1,600 per ounce. I am also requesting that my clients and friends contact their Congressman and ask them to support HR 5977 (Collectible Coin Protection Act of 2012). This proposed legislation would stop the flood of high quality...(Read More)
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