Barry Stuppler
-
The Boat is Sinking! Throw the Dollar Overboard?
(Read More)There are several lessons to be taken from the fiscal crisis of 2008 and the ensuing recession. Not least among them is the simple fact that the US government is willing to do nearly whatever it takes to stave off recession, even if it means systematically destroying the dollar. As the crisis unwound, the government created money to prop up Fannie and Freddy. They created money to bailout AIG and a handful of banks. They created money for the “stimulus” package. Then they created money through “quantitative easing” not once, but twice. The pattern is clear: the only real tool at the government’s disposal is the creation of money, and they are not afraid to use it....
-
Daily Market Update 6/07/11
GOLDGold fell $1.10 an ounce today to $1,536.00 with trading in a very narrow range. Gold firmed up above the $1540 level on weaker prices for the U.S. dollar and crude oil. The market is awaiting direction from the Federal Reserve Chairman. Ben Bernanke is speaking this afternoon to the International Monetary Conference at 12:45pm PDT, in Atlanta, just before...(Read More) -
Daily Market Update 6/06/11
GOLDGold closed today at $1,547.10, up $4.30 an ounce on light trading as the Chinese markets were closed for the Dragon Boat Holiday. The U.S. Dollar continues to be weak versus the Euro, reaching $1.46 to a euro. The geopolitical issues are in the news, with tensions at the Israel-Syria borders and massive protests on Sunday in Greece due to...(Read More) -
6/6/11 Weekly Market Report
A weekly review of the Precious Metal and Rare Coin markets providing information and news that affects future values. GOLDLast Friday Gold closed at $1,542.80, up only $6.20 per ounce for the week. The high/low price of Gold last week ranged from $1,551.60 to $1,518.20. Based on the news released late last week, I was surprised gold was up only...(Read More) -
Inflation Actually Near 10% Using Older Measure
(Read More)Published: April 12, 2011
After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI back near those levels.
Inflation, using the reporting methodologies in place before 1980, hit an annual rate of...
-
Daily Market Update 6/03/11
GOLDGold rallied today on a weaker Dollar and poor economic news, closing at $1,542.80, up $10.70 per ounce. Why would the value of gold increase because of poor economic news? Because it increases the likelihood of continued low interest rates and additional government or Federal Reserve stimulus programs. The dollar extended its losses against the euro Friday after more details...(Read More) -
Daily Market Update 6/02/11
GOLDGold closed today at $1,532.10, down $14.70 an ounce on very active trading. The Gold price ranged today from a low of $1,518 to a high of $1,544. Gold initially sold off when Crude Oil prices dropped on reports of higher than expected inventories of Crude Oil and Gasoline. This, combined with the concerns of Greek debt default being postponed...(Read More) -
Daily Market Update 6/01/11
GOLDGold was up $10.20 today, closing at $1,546.80 an ounce on very active trading. The Dollar is still in a race to the bottom with the Euro, and the Congressional fight over the U.S. Debt ceiling is acting as an accelerant. Economic news of a disappointing jobs picture in the U.S,. and a negative manufacturing reading, just added more fuel...(Read More) -
5/31/11 Weekly Market Report
A weekly review of the Precious Metal and Rare Coin markets providing information and news that affects future values. GOLDLast week’s $28.40 increase in the price of Gold ($1,536.60 per ounce) and the rally in the U.S. dollar versus the Euro were tied to the Greek debt issue. As the Greek and/or Eurozone debt crisis continues to worsen, the gold...(Read More) -
Daily Market Update 5/31/11
GOLDGold closed up $2.50, at $1,536.60 an ounce, based on a weaker dollar and some hope of a temporary resolution of the Greek debt crisis. Germany is considering funding Greek debt in the near term which would allow the beleaguered nation to obtain IMF funding by June 29th. Today the Gold price was helped by the downgrade of Japanese debt...(Read More)
-
Gold Breaks Above $2,400 & Silver $30 As Markets Move Higher ByMay 17 2024
-
$2,500 Gold Is In Play This Week – James Stanley ByMay 17 2024
-
-
-
Gold & Silver See Profit Taking After The Recent Rally ByMay 16 2024