Barry Stuppler
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Daily Market Report 2/4/13
GOLD Gold opened higher in Asia this morning as the price traded in a tight high/low range of only $14 per ounce. Trading volume should drop later this week as China approaches a week-long Lunar New Year holiday starting this Saturday. Gold has short term resistances at $1,680, and long term resistances at $1,700 per ounce, I believe both of...(Read More) -
Daily Market Report 2/1/13
GOLD U.S. Department of Labor reported today that in January the labor force increased by 157,000 workers, weaker than in December, when 196,000 jobs were added. The unemployment rate stayed at 7.9% in January. A disappointing jobs report helped drive Gold higher in early trading, reaching $1,680 per ounce. At 11am PDT Today, Gold is up $9.00 per ounce, trading...(Read More) -
US Mint Resumes Sales While Silver Bars Disappear
(Read More)The U.S. Mint resumed sales after a week of suspension as silver coins sales for January almost doubled compared with the month before. An all-time high of over 7.4 million Silver Eagle coins were bought in January from the U.S. Mint, which substantially exceeded the former record set in early 2011. Gold coin sales were also the highest seen in almost three years.
All of this excitement in the coin market is happening against the backdrop of . . . .
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Daily Market Report 1/31/13
GOLD A stronger-than-expected reading coming from the Chicago Purchasing Managers Index in January (55.6 versus 50.0 in December) helped to push Gold prices lower. This price decline was very disappointing after the positive reaction to yesterday’s Federal Reserve statement.At 11am PDT Today, Gold is trading at $1,662 per ounce, down $17 per ounce on average volume. SILVER Silver followed Gold’s...(Read More) -
Daily Market Report 1/30/13
GOLD The US Commerce Department reported today that the US economy (GDP) unexpectedly reversed course in the final quarter of 2012, dropping 0.1 % in the fourth quarter of 2012, its worst performance since the financial crisis in 2009. Today’s GDP data assures that the Federal Reserve will continue its current economic stimulus programs and Gold rallied. At 11am PDT...(Read More) -
Daily Market Report 1/29/13
GOLD Substantial physical Gold demand from bargain buyers in Asia rallied the market early this morning. As we approach the Chinese New Year we should see increasing physical demand in Asia. An additional bullish factor for Gold is that the China Securities Regulatory Commission (CSRC) issued a provisional proposal for Gold ETFs on January 25th. Gold investors are waiting to...(Read More) -
Weekly Market Report 1/28/13
The January 2013 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series. This week we are accepting orders for the 2013 1oz Gold & Silver Eagles for immediate delivery at today’s low prices. These are the First Strike 2013 Gold and Silver Eagles in...(Read More) -
Daily Market Report 1/28/13
GOLD Today Gold traded in a narrow sideways $10 high/low price range awaiting indications of Wednesdays Federal Reserve announcements. At 11am PDT, Gold was trading at $1,655 per ounce down $3 per ounce on average volume of trading. SILVER Silver followed Gold’s price direction most of the day, reaching a low of $30.70 per ounce at one point. At 11am...(Read More) -
Dealers see opportunity for Hong Kong in European gold shift
(Read More)With Germany and other European countries planning to repatriate their gold reserves from the United States, dealers believe this might open up business opportunities for the gold depository at the Hong Kong airport. Dealers in Hong Kong said the European action showed mainland China might also need to consider whether it was a good idea to shift back its gold stored in the US and other countries . . . .
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If China likes silver, maybe we should too
(Read More)Silver’s gaining popularity as an investment asset. Silver’s drawing more and more attention as an investment these days, especially from China. That appetite has made silver bulls giddy and lifted prices closer to a record . . . .





