Barry Stuppler

GOLDToday’s domestic and oversees gold trading was within a narrow range from $1,520 to $1,534 watching developments in Greece (See Greek austerity program below) and other PIIGS country debt trading. At 11am PDT gold was trading at 1,529.30, up $3.30 an ounce from yesterday.     New Greek austerity measures Hiking the VAT from 19 percent to 21 percent (worth 1.3...

GOLDGold rallied today on Greek debt concerns and in the face of a sharp increase in the U.S. Dollar (versus the Euro) and a $5 drop in Crude Oil. Gold is proving to be the ultimate safe haven in time of crisis.  At 11am PDT gold was trading at 1,526.20, up $3.40 an ounce on very active trading. Over 100,000...

To evaluate what is the best way to own Gold and Silver we need to look at the options.  The options are Physical Gold/Silver, Gold/Silver Mining Shares or Gold/Silver Mutual Funds.

I didn’t include Gold/Silver ETFs because it tracks the physical price with a few major differences.  I looked at values dating back both 1 year, and to the beginning of 2011, to calculate the results. 

I used the following as true indicators of the market prices:

Spot Gold and Silver Prices,
Gold Mining Share Index (GDX)
Fidelity Select Gold Shares Mutual Fund (FSAGX)
Silver Mining Share Index (SIL)

HERE ARE THE RAW STATISTICS...

China may diversify $3.04 trillion in reserves and invest in gold, silver, and copper. 

China’s foreign exchange reserves increased by US$197.4 billion in the first three months of this year to $3.04 trillion .

China is now the world’s biggest consumer of gold. China is also the biggest producer of gold. China produced...

GOLDAs of 11am PDT today, Gold was trading at $1,522.80, up $4.40 an ounce on active trading. Gold reached $1,511 in Asian trading this morning before demand drove the price higher.  Surprisingly the Gold market shook off this morning’s negative Chinese economic news and central bank tightening. Gold appears to be in a holding pattern awaiting some dramatic Greek default...

GOLDAs of 11am PDT, the spot price of Gold is $1,518.40, down $15.60 from yesterday’s quote. Gold fell today due to a stronger U.S. dollar value (versus the Euro) and a 2.5% drop in the price of Crude Oil. The dollar rallied today after Standard & Poor’s announced they had downgraded Greece’s debt rating to triple C. Triple C is...

GOLDLast Friday Gold closed at $1,528.60, down $14.20 per ounce for the week. The high/low price of Gold last week ranged from $1,555 to $1,526.70. Last week’s negative news that affected the gold market was primarily: Fed Chair Ben Bernanke’s speech on Tuesday giving no indicator of a QE3 coming. Dow Jones Industrial Average down 200 points for the week...

GOLDA combination of a sharp increase in the value of the U.S. Dollar (versus the Euro) and a sizeable drop in the value of Crude Oil led to an $8.30 correction in Gold price today, closing at $1,534 per ounce.  The U.S. Dow Jones industrial average was also down 150 points today on that same news, amid concerns of all...

GOLDGold increased in value today by $6.20, closing at $1,542.30 on average volume.  Some U.S. economic data was released today (See Below) that showed a slowing of the U.S. economy. The dollar rallied and crude oil is up slightly today. The term for gold trading this week is ’range bound’, as we have excellent support at $1,533 and resistance at...

GOLDGold is down $9.20 today, closing at $1,536.10 in reaction to Ben Bernanke’s speech late yesterday. Bernanke, Chairman of the Federal Reserve, offered no hints of further U.S. monetary easing but did acknowledge the economy has slowed. The Dollar strengthened and the gold/silver mining stocks sold off. This is not surprising to me, whether it comes from the Fed or...