Barry Stuppler
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Daily Market Report 01/30/12
GOLD Gold trading is virtually unchanged, down $0.60 per ounce at 11am PDT, trading at $1,732.40 per ounce. Gold reached its highest price in more than seven weeks last Friday. Investors awaited the outcome of Greece’s debt deal talks, but slower-than-expected GDP growth within the United States was a minor negative. Gold also got a boost from reports the world’s...(Read More) -
Weekly Market Report 01/30/12
This week’s Market Report provides you with an update on the precious metal markets and what last week’s announcement by Federal Reserve Chairman Bernanke will mean to your precious metal holdings. GOLD What a week for Gold and Silver investors. Last week’s Federal Reserve announcement confirms that the direction for Gold and Silver prices this year will be substantially higher...(Read More) -
Gold Is The Hottest Currency In The World
(Read More)The price of gold is roaring back from its latest temporary correction, sending the bears into full withdrawal. If you sold your gold in December as it fell to $1525 an ounce, you’re probably feeling foolish at the incredible $210 rise to $1735– a 15% move in no time at all. Gold, you see, is not a commodity like oil and copper and wheat. It is rather an alternative currency– one that finds buyers when....
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Daily Market Report 01/27/12
GOLD In the wake of the Fed’s policy changes on Wednesday, when the Fed indicated that interest rates were going to be held down until late 2014, inflation would not breach 2% but long term rates could climb to 4% or more, gold bolted through $1,700 and quite rightly. And this was not U.S. gold buying as the gold...(Read More) -
Daily Market Report 01/26/12
GOLD Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank was ready to offer the economy additional stimulus after it announced it was likely to keep interest rates near zero until at least late 2014. Wow, what a bullish development for gold and silver owners. The major bull run for Gold and Silver continues with the next...(Read More) -
Daily Market Report 01/25/12
GOLD There’s surprising news from the U.S. Federal Reserve. Interest rates are going to be kept at zero to ¼ percent until late 2014 and in turn, caused gold to rally above $1,700 per ounce. Low interest rates and the high possibility of addition Federal Reserve and European Central Bank monetary stimulus (QE) are very bullish for the price of...(Read More) -
Silver sales are booming as supply drops to scary levels
(Read More)For the first time in history, Silver Eagle & Maple Leaf sales will surpass domestic silver production in the U.S. and Canada in 2011. The demand for American Silver Eagles and Canadian Maple Leaf coins has increased tremendously over the past several years. 2011 will be the first year in which official coin sales will surpass domestic silver production in both countries....
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Daily Market Report 01/24/12
GOLD Gold sold off from recent highs as talks on a Greek debt swap deal stalled late yesterday. Eurozone finance ministers rejected as insufficient, an offer made by private bondholders to help restructure Greece’s debts, sending negotiators back to the drawing board. At 11am, Gold is trading at $1,668.60, down $8.90 per ounce with light trading.The Chinese Lunar New Year...(Read More) -
Weekly Market Report 01/23/12
GOLD The direction of the gold price continues higher. Three weeks into the New Year and Gold has increased each week at an excellent pace. Gold closed at $1,664.00 per ounce on Friday, January 20th, up $ 33.20 for the week and $97.20 (6.2%) since the start of 2012. As I mentioned last week, the fundamental factors for gold ownership...(Read More) -
Daily Market Report 01/23/12
GOLD The gold rally continues on the outlook for a Greek debt settlement that will allow the EU and IMP to provide an additional 130 Billion Euro (US$168 Billion) in loans. Current Greek bondholders will be taking a 60% plus discount and receive new Greek securities. Demand continues to be strong globally and we are now up over $100 per...(Read More)
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