Barry Stuppler

GOLDGold today closed at $1,422, down $8.40 for the day. Stronger-than expected economic growth in the fourth quarter in the United States, coupled with hawkish comments from some U.S. Federal Reserve officials that the Fed was unlikely to extend its bond purchase program, pressured Gold prices. A 14% increase in the first two months of 2011 for Russian gold production...

Rep. Ron Paul, R-Texas, has introduced a bill in the United States House of Representatives to repeal the legal tender laws, to prohibit taxation on certain coins and bullion and to repeal superfluous sections of the law related to coinage.

Rep. Paul is the chairman of the House Financial Services Subcommittee on Domestic Monetary Policy. His bill, H.R. 1098, was introduced on March 15. Rep. Paul describes himself on his Web site as a tireless advocate for “limited, constitutional government, low taxes, free markets, and a return to sound monetary policy.”

The short bill has four sections...

GOLDGold closed at $1,430.40, down $6.80 on narrow trading. Volume was light, taking direction from the U.S. dollar index (which had a short-covering rally) and crude oil prices (which were down on the day). The Chinese central bank said that inflation risks in economies internationally will support demand for gold, with prices for the precious metal likely to continue to...

Gold and silver remain supported by continuing macroeconomic and geopolitical uncertainty. Inflation, the European sovereign debt crisis, conflict in Libya and the wider Middle East and the nuclear disaster in Japan are all factors which will likely result in gold reaching new record nominal highs in all currencies sooner rather than later.

Gold and silver’s record highs yesterday were barely reported in the non-financial press and media yesterday which is another sign of the lack of animal spirits and popular participation in the bullion markets. One of many strong indications that gold and silver remain far from the speculative bubbles suggested by some.

The US dollar and Swiss franc are down 1% and 2.5% respectively so far on the week. While sterling and the yen have fallen nearly 2% against gold in the week so far...

GOLDGold reached an all-time High today of $1,449 in very active trading, closing the day at $1.438.10, up only $.90 for the day as we finally saw some profit taking from the day’s high. During 2011 Gold has traded from $1,319 an ounce to $1,449 per ounce. Believe it or not, Gold is only up 1% since the start of...

 The price of gold may hit $5,000 per ounce, nearly three times current levels, in three to four years, as demand from sovereign states, central banks and exchange-traded funds (ETFs) rises, the chairman of two Canadian gold mining companies said.

"Gold is used as insurance for bad governments," Rob McEwen, chairman and chief executive of Minera Andes Inc and US Gold Corp, told Reuters on the sidelines of the Mines and Money conference in Hong Kong on Wednesday.

Gold is traditionally used as a hedging tool against inflation and economic uncertainty. The yellow metal has also been a favorite investor hedge against loose monetary policies in the wake of the global financial crisis...

GOLD Gold is up $10.20 today, closing at $1,437.20 on active trading with excellent volume. Rob McEwen, chairman and chief executive of US Gold Corp, told Reuters today, that gold was in the middle of a super cycle that could end by 2015. He added that the length of the gold super cycle and the $5,000 forecast were based on...

GOLD Gold closed at $1,428.10 per ounce today, up $1.10 for the day with a very narrow trading range of only $8.40. Gold has run into selling pressure at $1,430 per ounce, however, consolidation around the $1,410 to $1,430 range would be very healthy for the next Bull Run to $1,500 per ounce. The ongoing conflict in Libya along with...

GOLD Gold closed today at $1,427 per ounce, up $9 on the day. Gold prices resumed its major uptrend on Monday, on the escalating tension in the Middle East and North Africa. Heavy Allied Nations air and missile assault on Libyan strongman Moammar Gadhafi’s military, and continued unrest in Bahrain and Yemen, are supporting the precious metal uptrend.   Crude...

GOLD Gold was up $13.90 today, closing the week at $1,418.00 per ounce. It was extraordinary week for gold, with heavy trading and volume on a $53 price range. Bank of Japan has announced, with the help of the finance ministers and bank governors from the Group of Seven major industrial nations, they will go the way of “powerful monetary...