Barry Stuppler
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Daily Market Report 7/7/15
GOLD Gold sold off this morning as the ECU and IMF continue to negotiate with Greece over the debt crisis. Gold reached a low of $1,146.80 (above the $1,141 support level) in early trading on concerns that the ECU would force Greece into debt default and allow them to leave the Euro. At that price level, CME trading volume and...(Read More) -
Weekly Market Report 7/6/15
Links to recent informative articles on precious metals and rare coins: A Critical Reason To Hold Gold This Week’s Headlines: Gold Greek debt crisis worsens Silver Platinum Rare Coin report Recommended Investment Commitment and Diversification GOLD Last week Gold closed at $1,163.50 per ounce, down $9.70 for the week, and below the key $1,200 support/resistance level. Trading was...(Read More) -
Daily Market Report 7/6/15
GOLD After yesterday’s ’No’ vote in Greece, Gold quickly rallied $8 per ounce, then the Euro fell more than 1% against the U.S. Dollar, hitting $1.08. This drove Gold back down to $1,168 per ounce. European and American stock and bond markets dropped sharply after the open today, but the U.S. Market rallied back and sold off again. This morning...(Read More) -
Iran brings 13 tons of gold back home after latest round of nuclear talks
(Read More)Iran has successfully repatriated this week 13 tons of gold as part of a package of sanctions relief provided by the U.S. and other five global powers . . . .
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A Critical Reason To Hold Gold
(Read More)Gold is worth holding in diverse portfolios even despite the determined dollar strengthening trend ... Terrorism against U.S. interests within our borders pose a danger to the dollar ... Sustained disturbances or a catastrophic attack could have a lasting impact and drive gold sharply higher . . . .
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Daily Market Report 7/2/15
GOLD After the U.S. Labor Department reported that 223,000 jobs were added in June, Gold sold off, reaching a low of $1,157 per ounce. This was the third consecutive month of healthy job gains. The unemployment rate fell to 5.3%, lower than economists’ had expected. The unemployment rate is now back at levels last seen before the 2008 financial crisis...(Read More) -
Daily Market Report 7/1/15
GOLD Yesterday Greece defaulted on the 1.5 billion euros ($1.7 billion) it owes the International Monetary Fund, becoming the first developed economy to default to the IMF. It is the biggest debt default by a country ever. Greece is 323 billion euros ($352.7 billion) in debt to other European countries, the European Central Bank, and the International Monetary Fund. The...(Read More) -
Daily Market Report 6/30/15
GOLD On reports of a possible bailout being offered to Greece by the ECU, Gold sold off. Gold reached a low of $1,167 per ounce, before bargain buyers appeared. After a statement by Germany’s Chancellor Angela Merkel saying there would not be any possible bailout until after the referendum vote this weekend, Gold bounce back. At 11am PDT today, Gold...(Read More) -
Weekly Market Report 6/29/15
Links to recent informative articles on precious metals and rare coins: Texas wants its Gold back, does not trust US Fed China plans to launch Yuan Gold fix by end of 2015 Irrational Greek Government May Encourage Europeans to Purchase Gold This Week’s Headlines: Gold Greek debt crisis worsens Silver Platinum Recommended Investment Commitment and Diversification GOLD Last...(Read More) -
Daily Market Report 6/29/15
GOLD This morning Gold quickly rallied $10 per ounce on the escalation of the Greek debt crisis, but it was short lived as a strong U.S. Dollar versus the Euro drove it back to unchanged. At 11am PDT today, Gold is trading at $1,180 per ounce, up $5 per ounce on excellent volume. SILVER Silver tested $16 per ounce, reaching...(Read More)
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