Barry Stuppler
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Weekly Market Report 7/25/11
GOLD July continues to be a very profitable month for Gold investors, now up $126.10 (8.47%) since July 1st. Gold is trading at $1,613.80 this morning after reaching $1,623.40 per ounce (an All-Time high) overnight in Asia. The main factor affecting the price of gold this past week was Debt, both U.S. and European. The Eurozone countries were able to...(Read More) -
Daily Market Update 7/22/11
GOLD Gold is up $12.40 at 11am PDT today, trading at $1,601.40 an ounce on normal light Friday volume. Concerns over negotiations to raise the U.S. debt ceiling is increasing demand for Gold as a safe store of value. House Speaker Boehner stated that “We’re not even close to an agreement” at 8am PDT this morning in the latest update...(Read More) -
Daily Market Update 7/21/11
GOLD The gold price is down $8.90 trading at $1,589.00 at 11am PDT in very active trading. The gold market is focused on news from the latest Eurozone economic summit, where they are working on a second bailout package for Greece and measures to prevent the spread of sovereign debt problems to other European countries. The latest news appears to...(Read More) -
US debt downgrade may now be inevitable
(Read More)As the stalemate over debt talks dragged on Wednesday, Congress and the White House may have passed the point of no return in avoiding a U.S. government debt downgrade.
If Uncle Sam loses his coveted AAA rating, the cost of borrowing goes up, the economy slows further and jobs get even tougher to find.
With hopes fading for a broad deficit-cutting package of spending cuts and tax increases, the White House Wednesday signaled that President Barack Obama could support a...
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Daily Market Update 7/20/11
GOLD After a selloff in Gold late yesterday, following President Obama’s announcement that the Senate’s ’Gang of Six’ has come up with a plan to settle the debt ceiling problem, the gold market is rallying back. Gold dropped to $1,580.00 in reaction to the announcement and today Gold has regained its mojo. At 11am PDT Gold is trading at $1,597.90...(Read More) -
How to make sense of the gold-to-silver ratio
(Read More)Silver’s recent climb has significantly outpaced gains made by gold. But a closely watched ratio based on the two prices suggests silver has even more catching up to do, analysts say. The so-called gold-to-silver ratio, the price of gold divided by the price of silver, currently stands at 39.8 to 1. In other words, a single ounce of gold is worth 39.8 ounces of silver. That’s a decline from the end of 2010, when the ratio was around 46. Silver (CNS:SI1U) has surged 29% year to date to about $40 an ounce, compared with gold’s (CNS:GC1Q) 13% year-to-date advance, to just over $1,600 an ounce.
“Some traders look at the gold-silver ratio as a way to determine if...
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Daily Market Update 7/19/11
GOLD Gold just missed making it to “Eleven Days in July”... the longest Gold rally I can remember since the 1970’s! Gold ended it’s rally today after ten days in a row. At 11am PDT going was trading at $1,597.90, down $5.90 per ounce on news of a possible deal made in Washington DC on lifting the Debt Ceiling. India...(Read More) -
Daily Market Update 7/18/11
GOLD Gold breaking through the $1,600 level today shows the amazing strength in the market, especially considering that we are in July, an historically flat month. However, the ongoing Euro Debt issues and the Debt ceiling problems in Washington DC are driving investors into Gold as the ultimate safe haven. At 11am PDT gold is trading at $1,603.80, up $12.00...(Read More) -
Weekly Market Report 7/18/11
7/18/2011 GOLD IS HITTING ALL-TIME HIGHS, STILL SOARING PAST $1600, AND SILVER IS OVER $40! In this week’s Market Report I discuss the reasons for Gold’s All-Time highs, and Gold as Monetary Catastrophe Insurance (MCI). My weekly reports keep you current on the latest happenings in the exciting Precious Metal and Rare Coin markets and we welcome your comments. Thank...(Read More) -
Silver set to soar on demand from healthcare, clean energy, water purification
(Read More)SILVER demand is expected to climb by 6600 tonnes a year over the next nine years as the white metal becomes important to an increasing range of new technologies.
ABN Amro and VM Group, in their latest silver report, say silver demand is rising on demand from sectors involved in security, healthcare, clean energy and water purification.
The biggest growth will be in...





