Barry Stuppler
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Gold Demand Trends: Full year 2011
(Read More)Global demand for gold in 2011 rose to 4,067.1 tonnes (t) worth an estimated US$205.5 billion - the first time that global demand has exceeded US$200billion and the highest tonnage level since 1997, according to the World Gold Council’s Gold Demand Trends. The main driver for this increase was the ....
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Daily Market Report 02/15/12
GOLD The uncertainty of the Greek Debt Crisis is still a detriment on the global financial markets. This Deal on, Deal off mindset is driving many professional traders crazy. Gold continues to behave as the only real safe haven investment. Gold is up today showing its true strength, surprisingly in the face of a stronger U.S. Dollar versus the Euro...(Read More) -
Daily Market Report 02/14/12
GOLD A massive downgrade of European Sovereign Debt combined with a sizeable increase in QE in Japan caused a rally in the U.S. Dollar versus the Euro and Yen (see more information below). Initially this Dollar rally caused a selloff in Gold, driving the price down to $1,712, but the inherent strength of the metal caused fresh buying. At 11am...(Read More) -
Weekly Market Report 02/13/12
This week’s Market Report provides you with an update on the precious metal markets and the latest reaction to the Greek debt crisis on the world’s financial and precious metal markets. GOLD Last week, Gold’s steady five week increase ended with a minor selloff of $15.90. Gold closed Friday at $1,725.30 per ounce, still up $159.50 since the start of...(Read More) -
Daily Market Report 02/13/12
Financial and Precious Metal markets are the focus this week regarding the ongoing European debt crisis as Greek officials struggled with the aftermath of Sunday’s approved but hugely controversial new austerity laws. These measures were required by the Troika in order for the debt laden country to receive the next tranche of €130 billion bailout funds from the European Union...(Read More) -
Daily Market Report 02/10/12
GOLD Last night the leaders of Greece’s governing coalition pushed back against German demands for deeper budget cuts to get the bailout needed to prevent a financial collapse. The Greek parliament must, by Sunday, ratify the 130B bailout package agreed by Greece and the "troika" of the European Commission, the European Central Bank and the IMF. After this news was...(Read More) -
Precious Metals: The Gold Chart That Will Knock Your Socks Off
(Read More)It’s a chart of gold fabrication demand — including jewelry, coin, dental, electronic and other industrial uses — that I made using data from Morgan Stanley.
In a moment, I’ll tell you why this is so important for you to know. But first, let me say that I’m not disputing its data or projection of gold fabrication demand. There’s something else to this chart. Take a look …
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Daily Market Report 02/09/12
GOLD Today, Greek political leaders clinched a long-stalled deal on reforms and austerity measures to secure a second international bailout from the IMF and EU to avoid a chaotic default, hours before the country’s financial backers began meeting in Brussels. The European Central Bank maintaining interest rates the current, unchanged rate and the Bank of England expanding its asset-purchase program...(Read More) -
Daily Market Report 02/08/12
GOLD During overnight trading in Asia and Europe we saw some price resistance for Gold over $1,750 per ounce. About the time news came out of Greece having a delay in any settlement with its debt holders and on the terms of the ECU Bailout, causing some profit taking in Gold and the Euro. Gold has shown excellent support above...(Read More) -
Daily Market Report 02/07/12
GOLD The buyers are back. Gold opened higher in the U.S. in aftermarket trading and kept on rallying in Asia and Europe, reaching $1,750 after touching a 1 ½ week low of $1,711.29 yesterday. At 11am PST, Gold is up $25.40 from yesterday’s close, trading at $1,748.10 per ounce with excellent volume. Major bullion bank HSBC said it was keeping...(Read More)
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