Barry Stuppler

GOLD Gold is rallying today and other than continued safe haven buying there was also a very bullish article in the Wall Street Journal. This article by Jon Hilsenrath reports that Fed officials are moving closer to taking new monetary stimulus actions if the labor market and economic growth don’t pick up soon. In Gold-specific news, physical buying has picked...

GOLD In light of a global selloff in equity markets and the strength of the U.S. Dollar, the Gold price continues to be very firm. The Eurozone debt crisis is causing chaos in the world’s financial markets. Gold again reached $1,568 per ounce earlier this morning before rallying back to the $1,575 price range. At 11am PDT, Gold is trading...

This week’s Market Report provides you with an update on the precious metal markets. I am also requesting clients and friends support for HR 5977 (Collectible Coin Protection Act of 2012) which helps stop the flood of high quality Chinese counterfeit U.S. rare coins that are currently being imported into our country and sold. Lastly, I share information about the...

GOLD Gold declined this morning based on the continued Spanish and Italian Banking debt crisis that is driving down the Euro, equities, and precious metals around the globe. Earlier this morning Gold reached $1,562 per ounce, when massive demand caused the market to increase $10 per ounce. The price of Gold doesn’t want to go below $1,560 per ounce. At...

GOLD Banking debt and austerity issues in Spain have caused weakness in the Euro currency and strength in the U.S. Dollar. A stronger U.S. currency normally causes Gold to sell off, but not today. For most of the day Gold has held above $1,580 per ounce on better the average demand for Friday trading. At 11am Gold is up $3.10...

GOLD Gold has traded higher in a narrow $15 per ounce price range today. The US dollar dropped to a two-week low against a basket of currencies and equities rose, reflecting a modest pick-up in appetite for risky assets. Higher oil prices based on increasing hostiles in Syria and Iran should add additional support for precious metals. At 11am PDT...

GOLD No firm statement from Federal Reserve Chairman Ben Bernanke on a near term monetary stimulus, plus a stronger U.S. Dollar has led to a lower Gold price today. Also, Gold reached $1,598.80 per ounce yesterday; at that point we saw heavy short selling and profit taking it the market. I am disappointed that Gold could not break through the...

GOLD Gold initially sold off, reaching $1,571 per ounce this morning as Federal Chairman Ben Bernanke’s started his testimony to the US Senate Banking Committee. During that testimony Bernanke made it clear that the Fed was prepared to provide different types of monetary stimulus to give the U.S. recovery a jolt if our economy continues to weaken. Gold rallied back...

This week, I am also requesting clients and friends support for HR 5977 (Collectible Coin Protection Act of 2012) which helps stop the flood of high quality Chinese counterfeit U.S. rare coins that are currently being imported into our country, and then sold here in the U.S.   GOLD During the past week Gold continued to build a base, while...

GOLD Gold briefly sold off last night, reaching $1,577 per ounce in Asia at one point before demand overwhelmed the market and Gold rallied back above the $1,590 level. I think the increased volume of purchasing is coming from central bank Gold accumulation. This week the IMF should release central bank Gold purchasing numbers for June, and I believe that...