Barry Stuppler
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Daily Market Report 7/3/12
GOLD Gold received renewed buying interest due to a surprise downturn in US and Chinese manufacturing data released late yesterday and this has reignited hopes of further Federal Reserve, Asian and European monetary stimulus. At 11am PDT, Gold is up $20.20, trading at $1,621.20 per ounce on light holiday trading volume. SILVER Finally, Silver has had a strong rally above...(Read More) -
Weekly Market Report 07/02/12
European Statement Moves the Gold Price After three years and twenty European Summits that have resulted in nothing but rhetoric and vague statements by financial and prime ministers and the Eurozone leadership on the seriousness of the sovereign and banking debt crisis situation, we finally got a serious first step. The deal was done in customary Eurozone style, in the...(Read More)
Daily Market Report 6/29/12
The Euro zone leadership is now having its 20th European summit in less than three years. They haven’t yet taken any concrete steps to solve the sovereign nation and banking debt problem. Initially expectations for this summit were very low. It was expected that the financial ministers would make some vague statement about how this is a serious situation and...
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Daily Market Report 6/28/12
GOLD Today, Gold trading has been on the defensive side of the market with the Supreme Court’s ruling, which for the most part supported the Affordable Care Act. This is seen as a major win for the Obama administration, and because of which the stock market, oil and precious metals all have dropped today. Right now Gold is showing resistance...
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Central Banks will have to print more money in order to prevent a total collapse of the monetary system.
Last week, gold came under some strong selling pressure from traders on Comex as they managed to knock gold prices down by around $60 an ounce. The sell-off began on Wednesday when prices fell below the key support level of $1600 an ounce after, Ben Bernanke, Chairman of the US Fed announced the outcome of the US Federal Open Market Committee meeting . . . .
Weekly Market Report 06/25/12
This week the July issue of CoinStats is now available for U.S. $20 Gold coins, U.S. Silver Dollars, and Walking Liberty Half Dollars. CoinStats is an in-depth statistical analysis of popular rare coin series which allows investors to identify the best values in certified rare coins. GOLD Another highly volatile week for the precious metal markets, with Gold trading...
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Daily Market Report 06/25/12
GOLDGold has traded from the opening gun this morning, moving up in Asia and higher after New York started trading. With the value of the U.S. Dollar higher and energy and equities lower the higher Gold price is surprisingly strong. The European Debt Crisis continues to dominate the news, and the indecisiveness of Euro zone leadership is causing the world’s...
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