Barry Stuppler
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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) -
Dutch Bank Wont Deliver
(Read More)In letters received by customers of the large Dutch bank ABN Amro over this past weekend, the bank announced a customer service policy change taking effect on Monday, April 1.
Currently, the bank has stored physical gold, silver, platinum, and palladium for their customers. Beginning next week, the bank will no longer allow customers to take physical delivery of the precious metals that they own and are stored at the bank . . . . -
Daily Market Report 3/26/13
GOLDGold fell below the key $1,600 per ounce support level this morning after Cyprus averted a financial crisis and clinched a last-ditch rescue deal. The European Central Bank is working to calm anxiety that this bailout could have negative implications for other Eurozone countries. At 11am PDT today, Gold is trading at $1,597 per ounce, down $6 per ounce on...(Read More)
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