Barry Stuppler

GOLDGold closed at $1,542.60, down $14.90 in light trading as the Gold price stabilizes and shows excellent support at the $1,520 level.  Sunday night’s Gold trading in Asia showed extraordinary demand and renewed buying under the $1,540 level. The volume of trading was less than a 2% drop from the previous close.   I still see Gold breaking above $1,600 by...

Last night we saw demonstrations reacting to the killing of Osama Bin Laden. They were cheering USA, USA, USA in front of the White House and Ground Zero, while World Government leaders were concerned about the backlash and counter protests  Within minutes of the news announcement, the market received orders to BUY USA DOLLARS AND SELL PRECIOUS METALS. This extraordinary...

In 2010 India consumed about 2,800 tonnes of silver, this year’s consumption is expected to rise to 5,000 tonnes

Silver demand in China and India is set to rise 30 percent in 2011. Silver prices for July delivery surged $1.058, or 2.2 percent, to $48.599 an ounce. Silver prices have risen 5.5 percent this week and 57.1 percent in 2011...

GOLDGold  continues to set all times highs closing at $1,542, up $15.40 for the day on active trading. SILVERSilver increased $.30 today to $48.80 per ounce on volatile trading with heavy volume. Over the past two weeks a trend is becoming clear, as gold and silver continues to set new highs, investors are running away from paper precious metal assets. ...

Central banks that were net sellers of gold a decade ago are buying the precious metal to reduce their reliance on the dollar as a reserve currency, signaling demand that may extend a record rally in prices.

As developing countries accelerate purchases, gold may reach $2,000 an ounce this year, compared with a record of $1,538.80 yesterday in New York, said Robert McEwen, the chief executive officer of producer U.S. Gold Corp. Euro Pacific Capital’s Michael Pento, who correctly predicted gold’s highs for the past two years, forecast a 2011 high of $1,600...

GOLDGold closed at $1,529.80, up $13.60 on very active trading, reaching $1,539.50 at one point today.Yesterday’s Bernanke press conference gave more fuel for higher asset prices, leading to a rally in the US stock markets and a new 16 month low for the U.S. Dollar. After the conference, Silver rallied $2.00 and we saw a new record high for Gold...

GOLDGold closed today at $1,516.20, up $14.50 for the day on heavy volume. SILVERSilver also traded amidst heavy volume and closed at $46.10, up a net $ .86 cents on the day.   We are awaiting the Bernanke statement and after Bernanke speaks today we expect to see volatility in the market. I’m at the CNSA Coin Convention in Chicago...

GOLDGold closed down $8.41 today at $1501.70 an ounce on the first full day of global trading since last Thursday. Gold has built an excellent base above $1,500 per ounce. It may not have the volatility and excitement of Silver, but Gold is proving that slow and sure is an excellent investment strategy. Gold’s uptrend is still intact; remember the...

GOLDGold set another record high closing at $1,510.11, ending the day up $3.81 from Thursday’s close. Gold was extremely active today at one point reaching a $1,519.30 high amidst a $20 trading range. The continued decline in the value of the dollar is adding to our view of the rally in the Gold price. When denominated in euros, gold advanced...

GOLDGold trading was closed today in U.S. trading, however Gold did reach a new record high of $1,513.60  in Asia and was trading in Australia at $1,509 around Noon West Coast time.  The ongoing euro zone sovereign debt crisis, unrest in the Middle East and North Africa, rising global inflation, and most recently worries over the fiscal stability of the...