Barry Stuppler

GOLD The lack of agreement on a unified monetary policy between the European Financial Ministers and the Central Bankers has driven down the world’s equity, energy, commodities, and precious metal markets in the last two weeks.  The uncertainty of the past two weeks caused Gold to drop only $100 per ounce (5.9%) with no change in the bullish fundamentals. Gold...

GOLD Last week was very difficult for gold investors. The gold price dropped $63 per ounce (3.53%) for the week, ending at $1,725.10 per ounce.  The volume of trading in Asia, Europe, and the United States was higher than average with an $86 high/low price range.  If we don’t see progress on a Eurozone solution or from our Congressional Super...

GOLD Similar to what happened in the United States during our financial crisis in October of 2008, yesterday we saw traders, fearing a European liquidity crunch, sell equities, bonds, metals, energy, currencies and commodities.  Gold dropped 2.40 % on Thursday; the fourth consecutive down day, after ratings agency Fitch warned that U.S. banks are dangerously exposed to contagion from the...

GOLD Gold sold off today with the entire precious metal group as the PIIGS countries debt problems worsened.  German Chancellor Angela Merkel rejected French calls to deploy the European Central Bank as a crisis backstop, defying global leaders and investors calling for more urgent action to halt the Eurozone debt turmoil.  At 11am PDT, Gold was down $52.20, trading at...

GOLD At 11am PDT, Gold is trading at $1,776.60, down $5.50 per ounce on normal volume for a Wednesday. This morning, Asian markets were selling off on record high rates for PIIGS country bond rates and fears that the Eurozone debt problem will spread and cause a serious financial crisis. Major pro-gold hedge fund managers such as George Soros, David...