Barry Stuppler

  1. Daily Market Update 4/6/11

    GOLD Up, Up and Away Gold hit another all-time high of $1,463.70 this morning, closing the day at $1,461.50 per ounce, up $8.10 on the day. Gold traded actively in the worldwide market on heavy volume, showing excellent support and demand for Gold at the higher prices.  I am amazed to hear one market analyst after another say that raising...
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  2. The Markets Silver Lining?

    CNBC reports on the healthy growth in the gold and silver market. Click here: http://video.cnbc.com/gallery/?video=3000014555 (for your convenience, link will open in a separate browser tab or window)
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  3. Daily Market Update 4/5/11

    GOLDGold was up $20.30 today, closing at an all-time high of $1,453.40 on very active trading. We continue to look for a quick run to the next resistance point of $1,500.The news items that supported today’s Gold rally are: China’s central bank announced it intends to hike rates tomorrow by 25 basis points to 3.25%, as part of Beijing’s latest...
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  4. Daily Market Update 4/4/11

    GOLD Gold was up $5.70 today on active trading, closing at $1,433.10 per ounce. Gold prices and demand continue to be supported by: the civil war in Libya and threat of escalating unrest in neighboring regions the aftermath of the recent Japanese earthquake and the developing nuclear crisis there the continued sovereign debt problem in Europe Crude Oil price rising...
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  5. Daily Market Update 4/1/11

    GOLDGold was down $10.90 today, closing at $1,427.40 per ounce on news that job growth had accelerated in March. The Labor Department said the non-farm jobs had increased by 216,000 which was higher than expected and lowered the unemployment rate to 8.8%. Initially the price of gold dropped over $25 on the job news reaching $1,412.00 on ounce, at that...
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  6. Daily Market Update 3/31/11

    GOLDGold rallied today closing up $13.10 to $1,437.30 on continued weakening of the U.S. dollar against the most actively traded foreign exchange currencies. I believe we will have a short wait for the next Gold breakout, whether it is due to continued Dollar weakness, the Euro Zone sovereign debt crisis, a civil war in Libya, escalating demonstrations in Syria and...
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  7. Daily Market Update 3/30/11

    GOLDGold was up today, closing at $1,424.20 based on concerns over Consumer confidence, showing the biggest one-month drop in over a year, falling sharply in March owing to worries about rising prices and stagnant incomes, according to the latest survey by the nonprofit Conference Board. The board’s index dropped to 63.4 last month from a revised 72.0 in February. Economists...
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  8. Utah Governor Signs Gold & Silver Legal Tender Bill!

    Utah has now become the first State on our list to actually enact a sound money bill into law.

    On Friday, March 25th, Gov. Gary Herbert signed HB 317 the "Utah Legal Tender Act," into law.

    The law recognizes gold and silver coins issued by the federal government as legal currency in the state. The coins do not replace the current paper currency, but may be used and accepted voluntarily as an alternative.

    The law exempts the sale of gold and silver coins from the state capital gains tax, since you would simply be exchanging one form of legal tender currency for another. It also calls for a committee to study alternative currencies for the State and a means for Utahans to pay their taxes with gold and silver coins...

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  9. Silver Is Way Undervalued Compared With Gold

    Mother nature, one could say, is the ultimate asset allocator over a long enough time span. Going by that notion, silver is very undervalued versus gold.

    Silver is about 16 times as plentiful in the earth’s crust as gold, according to John Stephenson, author of the “The Little Book of Commodity Investing.”

    According to the basic laws of supply and demand, especially given that the two metals are quite similar, the price gap between the two metals should be much smaller...

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  10. Daily Market Update 3/29/11

    Today I’m flying back to Baltimore to host a major Political Fund Raiser for the Gold & Silver Political Action Committee. I’ll be speaking with a few legislators and political professionals for updates on some important rare coin and precious metal legislation and issues. (to learn more about the PAC click on the link below) www.goldandsilverpac.org As a result of today’s...
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