Barry Stuppler
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China Inks Deals to Back Yuan with Gold
(Read More)The United States is “scared to death” of Chinese plans to back the yuan with gold, money manager Stephen Leeb said on Tuesday . . . .
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Daily Market Report 5/28/15
GOLD This morning Gold tested its $1,180 per ounce support level in Asian markets, reaching a low of $1,180.80 per ounce. At that point bargain and technical buyers appeared, quickly causing the price to move up $10 per ounce. At 11am PDT today, Gold is up $1 per ounce, trading at $1,188 on average volume. SILVER Silver continues to show...(Read More) -
Daily Market Report 5/27/15
GOLD Gold traded today in a very narrow $7 per ounce high/low range. At 11am PDT today, Gold is trading at $1,187 per ounce, down $1 per ounce on light volume. Dmitry Tulin, who manages monetary policy at the Russian central bank, explained that Russia is buying massive quantities of Gold based on fear that Russia’s overseas assets could be...(Read More) -
Weekly Market Report 5/26/15
Links to recent informative articles on precious metals and rare coins: Central Banks Continue to Stock Up on Gold It’s Time to Hold More Cash and Buy Gold This Week’s Headlines: Gold Silver Greek Debt problem becoming critical Fundamentals for higher Gold price remain strong Recommended Investment Commitment and Diversification GOLD Gold started last week on an excellent...(Read More) -
Daily Market Report 5/26/15
GOLD Gold fell $18 per ounce this morning (a two-week low) as the U.S. Dollar pushed higher, reaching $1.07 versus the Euro. This morning’s drop in the Gold price followed comments from Federal Reserve Chair, Janet Yellen, which reinforced the U.S. Central Bank’s tightening bias on monetary policy. At 11am PDT today, Gold is down $16, trading at $1,188 per...(Read More) -
Will China go for a gold standard? The jury is out!
(Read More)Bloomberg’s Ken Hoffmann sets out his researchers’ findings on the possibility of China coming up with some form of gold standard to back the yuan . . . .
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Daily Market Report 5/22/15
GOLD Today, Gold tested the important $1,200 per ounce support level for the third time this week, reaching a low of $1,201.40. Federal Reserve chairman Janet Yellen spoke this afternoon, which had little to no effect on the markets. Basically, she said that everything was status quo, and interest rates may not increase until 2016. At 11am PDT today, Gold...(Read More) -
Daily Market Report 5/21/15
GOLD Gold tested the important $1,200 per ounce support level this morning, reaching $1,201.60. Gold held that level (on buying based on technical fundamentals) and rallied higher. At 11am PDT today, Gold is trading at $1,204, down $6 on good volume. SILVER Like Gold, Silver also tested its important recent support level of $17 per ounce and held this morning...(Read More) -
It’s Time to Hold More Cash and Buy Gold
(Read More)Gold is a regarded as a hedge against market turbulence by Bank of America who, in a note to clients, advised holding gold and paper currency at this time . . . .
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Daily Market Report 5/20/15
GOLD Yesterday precious metals sold off sharply as the result of a surging U.S. Dollar. While Gold fell below the 200-day moving average of $1,216, it held above the very important $1,200.00 support level. Today, Gold tested, and held, the $1,200 support level again. I am looking for Gold to stabilize within the $1,200 and $1,220 per ounce trading range...(Read More)
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