Barry Stuppler

In new legislation which was enacted May 23rd, the French government decreed that it is forbidden to send all forms of currency - coins and cash and all forms of precious metals – coins, bars and jewelry by mail.

It was not announced by the government and not covered in the media. There were no communications and nobody in the government justified or explained this decision ... euro coins and notes and gold bullion coins and bars attract no tax in France and therefore this is more likely to be an attempt to discourage the ownership of gold bullion and cash outside of the banking system and is a form of capital control . . . .

This Week’s Headlines: Gold France Prohibits Sending “Currency, Coins, and Precious Metals” By Mail The new French law is a form of capital control Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification GOLD Volatility has finally returned to the Gold market. Last week Gold had a $46 per ounce high/low price range, from $1,377 on the low to...

GOLD After Friday’s $30 decline in Gold in the U.S. Market, this morning Gold stabilized and rallied higher on sizeable physical demand. Today, Gold traded between $1,375 and $1,388 per ounce. At 11am PDT today, Gold is trading at $1,387 per ounce, up $3 per ounce on sizeable demand. France Prohibits Sending Currency, “Coins and Precious Metals” By Mail A...

GOLD The U.S. reported stronger-than-expected jobs growth of 175,000 for the month of May. This number could encourage the Federal Reserve to start slowing its $85bn-a-month in asset purchases, but is unlikely to be strong enough to trigger such a taper when the central bank meets next week. This news caused the U.S. equity markets to rally sharply while Gold...

GOLD Gold opened higher this morning, reaching $1,423 per ounce, as the U.S. Dollar weakened further against the Euro following the European Central Bank (ECB) decision not to change its lending rate and to cut its 2013 growth forecast. At 11am PDT today, Gold is up $13, trading at $1,414.00 per ounce on above average volume.   SILVER Silver rallied...

GOLD Gold rallied this morning in Asia, moving back above the $1,400 level, on news that Chinese Gold imports are likely to increase dramatically after more than doubling to an all-time high in March. Retail consumers have pounced on Gold in the past two months when prices plunged to a two-year low. In the U.S., Gold rallied after private-sector employment...

GOLD There continues to be a tug-of-war in the Gold pits around the $1,400 per ounce support/resistance level. Today we saw Gold sell off from $1,415 per ounce down to $1,389 per ounce before seeing sizeable demand. At 11am PDT today, Gold is down $15 per ounce, trading at $1,398 per ounce on average volume. The morning’s negative news that...

GOLD Gold rallied back above the $1,400 per ounce level this morning based on negative economic news in both the U.S. and Europe. This is the fourth time in the past two weeks Gold has rallied above $1,400 per ounce; we need it to stay for Gold to become short term bullish. The combination of today’s poor economic news and...

This Week’s Headlines: Gold Regardless of What the Media Says, Soros is Bullish on Gold India may import record 300-400 tonnes of Gold in Apr-June Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification GOLD The good news is that Gold has increased in value over the past two weeks. The bad news is that Gold broke through the...

GOLD Gold rallied to $1,422 per ounce last night before seeing some profit taking, driving the price down to $1,390 per ounce. Because today is Friday, and the 31st of the month, I believe some of the selling has to do with month end positioning and clearing. The volume of trading during the selloff wasn’t that heavy, which is normal...