Barry Stuppler

A weekly review of the Precious Metal and Rare Coin markets providing information and news that affects future values. GOLDLast week’s $28.40 increase in the price of Gold ($1,536.60 per ounce) and the rally in the U.S. dollar versus the Euro were tied to the Greek debt issue. As the Greek and/or Eurozone debt crisis continues to worsen, the gold...

GOLDGold closed up $2.50, at $1,536.60 an ounce, based on a weaker dollar and some hope of a temporary resolution of the Greek debt crisis. Germany is considering funding Greek debt in the near term which would allow the beleaguered nation to obtain IMF funding by June 29th. Today the Gold price was helped by the downgrade of Japanese debt...

For gold miners, success has been anything but fun lately.

Everything these companies prayed for a decade ago, they got. Collapsing global currencies. A gold price rising from US$250 an ounce to more than US$1,500. Incredible earnings and cash flow growth. It played out exactly as the gold bugs said it would, and then some.

Yet, you won’t find many gold CEOs with smiles on their faces these days, because..

GOLDGold, up, up and away, closed at $1,534.10, up $11.20 an ounce on light U.S. trading.  In the face of the European debt crisis none of the global floor traders or commodity houses wanted to be short Gold over a long holiday weekend.   A Gold Question that needs the right answer...   A popular negative gold question that I...

GOLDGold closed at $1,522.90, down $5.70 an ounce on average trading volume.  The Gold market is taking direction from the Greek debt crisis.  As the situation appears to be heading to a Greek debt default --- gold and the dollar rally. When information comes out about a possible resolution to the problem --- gold and the dollar sell off.  The...

The Good, the Bad, and the Ugly

The American working middle class (Good) have been deceived by the Federal Reserve, the banks that control them (Bad) and the Washington DC political class (Ugly) into believing that a fiat currency, un-backed by gold, supported by systematic inflation is beneficial to their wealth. This has been the Big Lie for the last century and has positioned the country for an epic...

GOLDGold closed at $1,528.80, up $5.20 for the day on active trading. Gold rose for a fourth straight session (the longest rally in three weeks) as Europe’s debt crisis increased investor demand for the precious metal as a protection of wealth. This rally is amazing in light of the strong U.S. Dollar versus the Euro.  In Euros, Gold is trading...

GOLDGold has broken through its resistance level today, closing at $1,523.60, up $7.80 an ounce on excellent volume. It was confirmed today that China has overtaken India as the world’s largest purchaser of gold at 90.9 million tons in gold bars and coins for the first quarter of 2011. This is up 123% from 40.7 tons last year during the...

China is on a gold drive and it has overtaken India as the world’s largest purchaser of gold at 90.9 million tons in gold bars and coins for Q1, 2011. This is up 123% from 40.7 tons last year for the same period. India meanwhile has purchased only 85.6 tons of gold this year.

There are seven factors that drive Chinese gold demand, according to the recent World Gold Council Report:..