Barry Stuppler
Central Banks will have to print more money in order to prevent a total collapse of the monetary system.
Last week, gold came under some strong selling pressure from traders on Comex as they managed to knock gold prices down by around $60 an ounce. The sell-off began on Wednesday when prices fell below the key support level of $1600 an ounce after, Ben Bernanke, Chairman of the US Fed announced the outcome of the US Federal Open Market Committee meeting . . . .
Weekly Market Report 06/25/12
This week the July issue of CoinStats is now available for U.S. $20 Gold coins, U.S. Silver Dollars, and Walking Liberty Half Dollars. CoinStats is an in-depth statistical analysis of popular rare coin series which allows investors to identify the best values in certified rare coins. GOLD Another highly volatile week for the precious metal markets, with Gold trading...
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Daily Market Report 06/25/12
GOLDGold has traded from the opening gun this morning, moving up in Asia and higher after New York started trading. With the value of the U.S. Dollar higher and energy and equities lower the higher Gold price is surprisingly strong. The European Debt Crisis continues to dominate the news, and the indecisiveness of Euro zone leadership is causing the world’s...
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Daily Market Report 06/22/12
GOLDGold has dropped to the $1,530 area three times in the past seven months and every time that happens, it rallies back up on massive buying, ultimately moving above $1,600 per ounce. I believe this massive purchasing of Gold is being done by central banks, as they have been very active in the Gold market for the past three years...
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Silver coins hot up in India as gold sales weaken
Many Indian investors are making a beeline for silver, and are refraining from buying gold due to its high price, though gold is expected to give a 20% return in 2012.With gold prices too hot for many in India, silver has regained its sheen. Sales of silver coins are soaring in India, with most consumers buying silver coins which . . . .
Daily Market Report 06/21/12
GOLDGold prices fell sharply Thursday as the U.S. dollar strengthened after the Federal Reserve dashed investors’ hopes of a big stimulus package. The Federal Reserve did announce the continuation of Operation Twist (selling short term bonds while purchasing longer term securities – in order to support the economy) through the end of 2012. Gold reached a low of $1,563 in...
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Daily Market Report 06/20/12
GOLDToday’s Federal Reserve announcement of expanding Operation Twist by $267 billion through the end of 2012 continues the monetary stimulus that is very bullish for precious metals. Many analysts were expecting a QE3 announcement today therefore, the initial reaction on precious metals prices was lower. However, in the Federal Reserve’s statement that groundwork for a QE3 was established and should...
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Daily Market Report 06/19/12
GOLDAfter seven up days in a row we finally saw a little profit taking today. Gold failed to hold above the $1,630 per ounce level and sold off. Buyers are waiting for Fed Chairman Bernanke’s testimony at 9:30am PST tomorrow, before adding to their Gold holdings. Any stimulus from the Federal Reserve is seen as unequivocally bullish for Gold prices...
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