Barry Stuppler
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Daily Market Report 4/4/13
GOLD Gold is finding excellent price support with strong demand at its current level, in the face of a very strong U.S. Dollar. Gold did reach $1,540.10 per ounce (9,550 Chinese Yuan) early this morning when sizeable buying appeared, taking the market back above $1,550 per ounce. At 11am PDT today, Gold was at $1,554 per ounce, unchanged and on...(Read More) -
Texas Wants Its Gold Back, but to What End?
(Read More)At first blush Texas might not seem to share much in common with Germany. But in addition to being the largest states in their respective unions, Texas, like Germany, now wants to take physical possession of its physical gold reserves stored outside the state.
A few years back the Texas university system made headlines by making huge investments in gold, not shares in gold-backed ETF’s or mining companies, but actual gold, a billion dollars worth of it, in fact, which is now currently stored in New York . . . .
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Daily Market Report 4/3/13
GOLD Gold has been on the defensive most of the day, reaching a major support level low of $1,550 per ounce earlier today. Yesterday and today’s $48 correction in the Gold price was mainly caused by the report from SPDR Gold Shares (GLD) --- the most popular paper Gold ETF ---of an eight metric tonnes drop in their Gold holdings...(Read More) -
Daily Market Report 4/2/13
GOLD Gold dropped to a low of $1,573 this morning as strength in the US Dollar ($1.27 to the Euro) increased from reports of weak manufacturing data and increasing unemployment in the Eurozone. Gold’s weakness was also caused by an increase in US equities following upbeat sales data for car makers and global investors escaping from weak European countries. At...(Read More) -
Weekly Market Report 4/1/13
This Week’s Headlines: GoldGold’s consolidation is over and it’s time to buy moreMajor Dutch Bank will not deliver Client owned GoldMany state legislators want to make Gold and Silver legal tenderSilverPlatinum & Palladium Recommended Investment Commitment and Diversification GOLD Gold continued trading in a very narrow price range all last week, from a low of $1,590.40 to a high...(Read More) -
Daily Market Report 4/1/13
GOLD The Gold price continues to stay in a very tight trading range, as many European financial markets are closed for the Easter Monday Holiday. Today’s high/low has ranged from $1,601 per ounce, to a low of $1,594 per ounce. At 11am PDT today, Gold is trading up $3.50 per ounce, at $1,600.50 per ounce on light volume. Gold’s consolidation...(Read More) -
Daily Market Report 3/29/13
GOLD & SILVER Precious Metal Markets are closed today in celebration of Good Friday. The markets will be open on Monday.(Read More) -
Daily Market Report 3/28/13
GOLD It appears that Gold is consolidating in a $1,590 to $1,610 per ounce trading range, awaiting some clear results from the Eurozone on polices to deal with the current financial crisis in Cyprus. We continue to see sizable physical demand for Gold, and selling of ETF paper Gold. At 11am PDT today Gold is trading at $1,597, down $9...(Read More) -
Arizona Lawmakers Advance Bill Making Gold and Silver Legal Tender
(Read More)Concerned about the out-of-control Federal Reserve System and the increasingly unstable fiat dollar managed by the privately owned central bank, lawmakers in Arizona are following in Utah’s footsteps to come up with a potential alternative that protects citizens . . . .
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Daily Market Report 3/27/13
GOLD Today was a very bullish day for Gold owners. Earlier this morning in the Asian markets Gold traded down to as low as $1,590 per ounce on lackluster interest. At that point a major and very aggressive buyer appeared who made a sizable purchase (Central Bank?), rallying the market back above the key $1,600 per ounce resistance/support level. This...(Read More)





