Barry Stuppler

China is on a gold drive and it has overtaken India as the world’s largest purchaser of gold at 90.9 million tons in gold bars and coins for Q1, 2011. This is up 123% from 40.7 tons last year for the same period. India meanwhile has purchased only 85.6 tons of gold this year.

There are seven factors that drive Chinese gold demand, according to the recent World Gold Council Report:..

GOLDGold, closed at $1,515.80 an ounce, surprisingly up $.90 in the face of a strong U.S. dollar, on active trading. The latest Greek debt problem has caused a strong dollar versus the Euro. This means that the Gold price is near an all-time high valued in Euros, while its lower valued in American Dollars. Take advantage of this opportunity. Because...

GOLDGold rallied sharply today, closing at $1,514.90, up $20.20 an ounce on high volume for a Friday. I can think of at least 20 reasons you need to build up your gold holding right now, but the #1 reason is that the World Governments Central banks are dumping U.S. Dollars and Securities and aggressively purchasing gold to build up their...

Mexico, Russia and Thailand added gold now valued at about 6 billion US dollars to their reserves in the first quarter of 2011 as metal prices advanced to a record, the dollar weakened and US Treasuries lost investors money.

Mexico bought 93.3 metric tons since January, increasing holdings from about 6.9 tons, according to data from the IMF and the Central bank later said it purchased 100 tons in recent months. Russia increased reserves...

GOLDGold closed today at $1,494.70, up $0.60 an ounce on light trading. The global demand for physical gold over paper backed gold continues to grow. Worldwide Investors abandoned gold exchange-traded funds in the first quarter in favor of coins and bars. This buying of physical gold investment products helped lift overall bullion demand by 11 percent. The World Gold Council...

GOLDGold was up $9.70 an ounce today, closing the day’s trading at $1,494.10 on average volume.  Gold did benefit from increased buying overnight in India and China, supported by higher Crude Oil and equities prices in the world’s financial markets.   SILVERSilver ended the day’s trading at $35.02, up $1.06 an ounce and above that important $35 barrier. Legendary investor...

You can’t accuse the hedge fund manager John A. Paulson of lacking loyalty. Even as big-name investors like George Soros peel back their bets on gold, helping to send prices falling, Mr. Paulson, who heads the $37.5 billion hedge fund Paulson & Company, has chosen to stay the course, according to recent regulatory filings that indicate he actually increased his bets on certain companies exposed to gold.

Gold, to be sure, has treated him well. Mr. Paulson netted...

GOLDGold, with active trading, ended down $10.20, closing at $1,484.40 an ounce. Like yesterday, most of the news affecting the precious metal markets was the strength of the US Dollar and the weakness in Crude Oil and other commodities.  Early in the trading session gold hit $1,471, but sizeable buying came in and moved the market higher. It’s been reported...

GOLDGold closed at $1,494.80 an ounce today, up $0.60, today on normal trading volume. The overnight markets showed support based on a weaker dollar, ranging from a low $1,486 to a high of $1,505.  Demand for physical Gold is very strong with the U.S. Mint reporting sales of 85,000 ounces of American Gold Eagles since May 1.  The on-going fight...

Gold and silver are higher this morning with the dollar, the British pound and commodity currencies falling in value. It is too early to tell whether the recent margin driven, paper sell off on the COMEX is over but physical supply remains limited while demand remains robust, particularly in China, India and wider Asia.

Knowledgeable experts continue to urge investors to own gold and silver due to the likelihood of much higher prices, currency and inflation risk.

One of the most respected global technical and macro strategists in the world, Robin Griffiths has said that silver and gold...