Barry Stuppler

GOLD German chancellor Angela Merkel and the President of France, Nicolas Sarkozy met this weekend in Berlin. After two days of discussions they finally reached an agreement on most of the key issues. They promised to release a 5 point comprehensive package to stabilize the Euro, and sweeping recapitalization of the European banks by the end of this month. After...

GOLD Last week was calm compared to last month. Gold was up $13.50 for the week, closing at $1,635.80 per ounce on respectable volume.  The European sovereign debt and banking solvency problem remains on the forefront of news and is affecting the world’s precious metal and equity markets. (Read more details below) Eurozone nations and bank debt downgrades kept coming...

GOLD Early this morning, the Labor Department reported a September increase of 103,000 in non-farm jobs. The increase was larger than the 59,000 gain expected by Wall Street economists. The Stock Market, U.S. Dollar, Oil, Gold and Silver were all trading higher, then the Fitch Agency downgraded the debt of Italy and Spain and everything went south quickly. To see...

GOLD QE (Quantitative Easing) is in the news today as both the Bank of England and the ECB announce sizeable quantitative easing programs to re-capitalize banks. The programs are very similar to the U.S. TARP program of 2008, to build up the financial strength of the banks ahead of any major debt default. The announcements pushed gold up $8.10 per...

GOLD There’s a Bull/Bear war occurring on the world’s commodity exchanges, and after hitting $1,595 per ounce in Asia, trading gold appears to have found support and increased demand. Gold’s inverse relationship with the equity markets appears to have changed, and fresh news about the Eurozone debt crisis (See below) that’s interpreted as positive for stocks and bonds, now can...

GOLD At 11am PDT Gold is trading at $1,616.80 per ounce, down $35.90 per ounce in heavy trading, wiping out yesterday’s gains. The strength of the dollar and liquidations due to equity margin calls added to the downside pressures. On the bullish side, Goldman Sachs continues to recommend long trading positions in gold and reiterate our 12-month price target of...

GOLD Gold was up $200+ per ounce during the month of August, and down $200+ in the month of September. Gold is virtually the same price as it was two months ago. In September gold reached a new all-time record high of $1,920.80 per ounce. The volatility that we are seeing in the World’s Gold markets the past two months...

GOLD Gold is trading higher today, for the third day in a row. Most of the news that drove gold higher was centered around the Greek debt crisis. This morning Greece warned that it would miss the deficit targets set by the IMF and ECU required to avoid bankruptcy. European buyers sold equities on the domestic markets and moved into...

GOLD At 11am PDT Gold is trading at $1,628.60 per ounce, up $11.20 on light Friday trading.The High/Low range today is only $24.00 per ounce. This shows some price stability in the Gold market, however this is low volume Friday, and I would like to continue seeing less volatility in Monday’s trading. Central bankers are taking advantage of lower Gold...

GOLD The primary mover in the Gold market for the past few weeks has been the Eurozone debt crisis and the concerns about banking or sovereign debt default. Now, one of the biggest hurdles to the debt problem and economic recovery of the Eurozone was cleared this morning as the  German Parliament voted to Expand the Euro-Zone Bailout Fund.  Gold...