Barry Stuppler
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Daily Market Report 1/18/13
GOLD Today the Gold price is reacting to China’s gross domestic product of 7.8% for last year, the lowest since 1999. In the fourth quarter, growth was 7.9% year-on-year, breaking a streak of seven consecutive weaker quarters. At 11am PDT, Gold is trading at $1,686.50 down $1.60 on normal Friday volume trading. SILVER A move above $32 per ounce for...(Read More) -
10 Reasons to Own Gold Now
(Read More)Gold is unique among commodities in that the annual production is not consumed in the conventional sense, other than ~15% that is used in industry. Instead, gold is and has been used as jewelry, money, and to store wealth for thousands of years.
The following are the reasons that the price of gold will rise in the immediate future as demand increases and supplies diminish . . . .
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Daily Market Report 1/17/13
GOLD Gold rallied this morning on news of lower U.S. jobless claims, a jump in housing starts and disappointing data on manufacturing activity in the Philadelphia region. At 11am PDT Today Gold is trading at $1,692 per ounce, up $9 per ounce on excellent volume. SILVER Silver reached $31.90 per ounce early this morning before seeing some short term profit...(Read More) -
Daily Market Report 1/16/13
GOLD Today, Gold is holding above the important $1,680 per ounce price level after last nights Fed statement. Two Federal Reserve officials stated they felt that the U.S. Central Bank’s accommodative policies are appropriate and may even need to be eased further to stimulate the U.S. economy. At 11am PDT today, Gold is trading at $1,683 per ounce, up $0.50...(Read More) -
Daily Market Report 1/15/13
GOLD The price of Gold was helped late yesterday by Chairman Ben Bernanke’s speech at the Gerald R. Ford School of Public Policy at the University of Michigan wherein he reiterated that the U.S. economy still was not yet out of the woods. This means more quantitative easing is coming to stimulate the U.S. economy. Gold rallied today on a...(Read More) -
Weekly Market Report 1/14/13
The January 2013 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Libertys, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series. And this week, we are accepting pre-orders for the 2013 1oz Gold & Silver Eagles at today’s low prices. These are the First Strike 2013 Gold and Silver Eagles in mint sealed...(Read More) -
Daily Market Report 1/14/13
GOLD Gold moved higher on Monday after a stronger euro and physical buying from China, while expectations of aggressive monetary easing in Japan also lent support. Gold’s recent trading range has been between $1,650 and $1,680 per ounce. Today, as of 11am PDT, Gold is trading up $1.668 per ounce, up $8 per ounce on excellent volume. China National Gold...(Read More) -
Gold Seen Advancing as Much as 14% This Year in LBMA Survey
(Read More)Gold will climb as much as 14 percent this year and average $1,753 an ounce after posting its longest winning streak in at least nine decades, a London Bullion Market Association poll of traders and analysts showed . . . .
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Daily Market Report 1/11/13
GOLD Although China is on a record pace for Gold purchases this year (see below) in overnight news, China’s consumer price inflation was reported at up 2.5% in December, on an annualized basis—up significantly from the 2.0% reading in November. That news is bearish for the Gold, as it suggests China’s central bank will be less accommodative in its monetary...(Read More) -
Daily Market Report 1/10/13
GOLD An unexpectedly high Chinese trade surplus has increased Gold demand in Asia, driving up the price in Asian commodity markets over night. At 11am PDT today Gold is up $20.10 per ounce, trading at $1,679.10 per ounce on heavy volume. PRECIOUS METALS UP ON UNBELIEVEABLE GROWTH IN CHINA’S TRADE SURPLUS China’s exports surged in December, blowing away analysts’ expectations...(Read More)
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