Barry Stuppler
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Silver price swings led by Shanghai trades
(Read More)Chinese speculators have emerged as a big driver of silver’s spectacular rally and subsequent crash with trading in the metal in Shanghai soaring nearly 30-fold since the start of the year.
The commodity, nicknamed “the devil’s metal” for its wild price swings, surged 175 per cent from August to a peak of almost $50 a troy ounce two weeks ago. Since then, it has plummeted 35 per cent, hitting a low of $32.33 on Thursday.
At the same time, silver turnover on the Shanghai Gold Exchange...
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Daily Market Update 5/12/11
GOLD Gold closed at $1,502.30, down $2.90 for the day. Gold sold off with Silver overnight in Asia, reaching $1,483 at one point. Gold continues to show strength at $1,500 and rallied back. The World Gold Council (WGC) released the World Official Government Gold Holdings as of May 1, 2011. Ten different Central Banks have replaced U.S. Dollars in their...(Read More) -
Daily Market Update 5/11/11
GOLDGold closed down $10.40 an ounce closing at $1,505.20, showing excellent support and buying at the $1,500.00 area. In the face of an 8% decrease in the Silver price today, gold was down less than 1%. There was bullish news today on gold. Hal Lehr, Deutsche Bank’s managing director for cross-commodity trading, said in an interview in Buenos Aires that...(Read More) -
Forbes Predicts U.S. Gold Standard Within 5 Years
(Read More)A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with HUMAN EVENTS.
“What seems astonishing today could become conventional wisdom in a short period of time,” Forbes said.
Such a move would... -
Deutsche Bank sees gold rising as high as US$2,000 as George Soros pares bet
(Read More)INTERNATIONAL. Gold, which reached a record on May 2, may surge a further 30% by January as investors seek to protect themselves from “economic uncertainty,” according to Deutsche Bank AG.
“I’m bullish on gold despite its current levels,” Hal Lehr, Deutsche Bank’s managing director for cross-commodity trading, said in an interview in Buenos Aires. “It could reach US$2,000 an ounce in the next eight months.”
Investors including George Soros and John Paulson invested in gold as the ...
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Daily Market Update 5/10/11
GOLDGold was up $9.80 for the day, closing at $1,515.60 on active trading. After the recent correction in Gold from the high of $1,577 to the intra-day low of $1,462, it’s important that Gold build the base in the $1,500 to $1,525 price range. Although Silver took the wind out of Gold’s sails last week, the long term picture continues...(Read More) -
Daily Market Update 5/9/11
GOLDGold, in very active trading closed at $1,505.80, up $20.80 on the day. Last week’s correction in gold was definitely an over-reaction to Silver’s 27% decline. The fundamentals for Gold’s continued bull market move higher are far better than the more volatile Silver market. This morning, Asian trading had major buying on heavy volume in their Gold markets. The recent...(Read More) -
Daily Market Update 5/6/11
GOLDGold closed today at $1,485, up $3 on the day, however in the past 24 hours gold has traded from $1,462.50 to $1,497.70. It is widely felt by precious metal professionals that yesterday’s dramatic drop in the Gold price was overdone, and we saw heavy buying in the $1,480 area in Asia overnight. There is a commodity trader’s expression referring...(Read More) -
Daily Market Update 5/5/11
GOLDGold closed down $32.00 today at $1,482 as the entire precious metals group, led by Silver, was down on panic selling caused by margin calls and stop loss selling. I believe this selloff is the clean-out of the weak hands by the hedge funds and commodity houses, before the next leg higher. I saw the identical type of action back...(Read More) -
Daily Market Update 5/4/11
GOLDThis week we have seen gold drop from its May 2nd closing high of $1,557.50 to today’s close of $1,514.00 (less than a 3% drop) while we have seen Silver correct almost 20% in just five trading days. For the past month I have talked about the high volatility and risks in Silver. Yes, you need to own Silver as...(Read More)
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Gold & Silver Testing Key Support Levels Again ByJune 1 2026
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Gold & Silver testing Key Support Levels Again ByJune 1 2026
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China’s Record Silver Stockpiling Triggers Supply Squeeze ByMay 29 2026
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Gold Moving Higher on Positive Iran News ByMay 29 2026