Barry Stuppler
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Daily Market Report 06/22/12
GOLDGold has dropped to the $1,530 area three times in the past seven months and every time that happens, it rallies back up on massive buying, ultimately moving above $1,600 per ounce. I believe this massive purchasing of Gold is being done by central banks, as they have been very active in the Gold market for the past three years...(Read More) -
Silver coins hot up in India as gold sales weaken
(Read More)Many Indian investors are making a beeline for silver, and are refraining from buying gold due to its high price, though gold is expected to give a 20% return in 2012.With gold prices too hot for many in India, silver has regained its sheen. Sales of silver coins are soaring in India, with most consumers buying silver coins which . . . .
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Daily Market Report 06/21/12
GOLDGold prices fell sharply Thursday as the U.S. dollar strengthened after the Federal Reserve dashed investors’ hopes of a big stimulus package. The Federal Reserve did announce the continuation of Operation Twist (selling short term bonds while purchasing longer term securities – in order to support the economy) through the end of 2012. Gold reached a low of $1,563 in...(Read More) -
Daily Market Report 06/20/12
GOLDToday’s Federal Reserve announcement of expanding Operation Twist by $267 billion through the end of 2012 continues the monetary stimulus that is very bullish for precious metals. Many analysts were expecting a QE3 announcement today therefore, the initial reaction on precious metals prices was lower. However, in the Federal Reserve’s statement that groundwork for a QE3 was established and should...(Read More) -
Daily Market Report 06/19/12
GOLDAfter seven up days in a row we finally saw a little profit taking today. Gold failed to hold above the $1,630 per ounce level and sold off. Buyers are waiting for Fed Chairman Bernanke’s testimony at 9:30am PST tomorrow, before adding to their Gold holdings. Any stimulus from the Federal Reserve is seen as unequivocally bullish for Gold prices...(Read More) -
FDIC Rule Will Return Gold To The Center Of The Banking Universe
(Read More)Yesterday, June 18, 2012, the FDIC distributed a rule-making notice to member banks, telling them it intends to change collateral rules, among other things. . . . .
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Weekly Market Report 06/18/12
This week I discuss the results of the make-or-break Greek Election, and it’s effect on the precious metal markets. My Weekly Market Report keeps you current on the latest events occurring in the exciting Precious Metal and Rare Coin markets. I welcome your comments. Thank you, Barry Stuppler GOLD Last week was great for Gold investors; the market was...(Read More) -
Daily Market Report 06/18/12
GOLDSunday’s Greek election results reduced Gold bullion’s safe-haven appeal. Gold’s initial reaction was to fall 1% in value, even as the euro hit a one-month high against the U.S. dollar, which would normally support Gold the price. However, after Gold reached $1,607 per ounce it came roaring back on heavy buying to virtually unchanged levels. I am very pleased with...(Read More) -
Daily Market Report 06/15/12
GOLDGold futures climbed Friday, poised to extend their gains to a sixth session in a row, as the prospect of fresh economic stimulus from the world’s central banks underpinned demand. Today, Gold has traded from a high/low of $1,635 to $1619 per ounce. At 11am PDT, Gold is up $7.20, trading at $1,626.40 per ounce better than average Friday volume.Investors...(Read More) -
Fear of a dollar collapse will make the Chinese the biggest buyers of gold this year
(Read More)China is widely expected to overtake India as the world’s biggest consumer of gold this year with gold purchases rising by 10 per cent, according to the leading Chinese bank ICBC. Why? . . . .
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