Barry Stuppler
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Weekly Market Report 02/06/12
This Week’s Market Report provides you with an update on the precious metal markets and what I learned about the rare coin market at the last two major conventions. GOLD Last week was the fifth week in a row that Gold increased in price. With Friday’s closing of $1,740.30 per ounce, gold has gone up $174.50 (11.14%) since January 1st. ...(Read More) -
Daily Market Update 02/06/12
GOLD A strong Dollar versus the Euro (caused by concerns of a pending Greek default) has caused a minor sell off in Gold. But traders and analysts say gold’s outlook remains rosy as the uncertain global economic outlook will force central banks around the world to keep their monetary policies accommodative. At 11am PST gold is down $16.80, trading at...(Read More) -
Daily Market Report 02/03/12
GOLD This morning the big news which affected the financial markets was the dramatic increase in January’s Non-Farm worker’s job report. Initially, Gold fell over 1%, and then rallied. At 11am PST, Gold is trading at $1,739.50 per ounce, down $18.90 per ounce on active volume for a Friday. Today, the Labor Department reported that the U.S. economy created 243.000...(Read More) -
Daily Market Report 02/02/12
GOLD Gold is still in rally mode and as of 11am PDT, is up $13.20, actively trading at $1,756.20 per ounce. The next minor resistance levels are at $1,765 and $1,780, with a major resistance level at $1,800 per ounce. The International Monetary Fund announced that Turkey added about 500,000 oz of gold to its reserves in the month of...(Read More) -
Daily Market Report 02/01/12
GOLD Gold is continuing its fast paced increase that started in January (10.8%), the best January increase in 32 years. Today at 11am PST, gold is up $10.40, trading at $1,746.20 per ounce on with excellent volume. The World’s central banks have become net purchasers of gold bullion after many years being net sellers. In 2011 central banks purchased 430...(Read More) -
Daily Market Report 01/31/12
GOLD Wow, what a month for gold investors! Gold was up $170 per ounce, or (10.8%), trading at $1,735.80 at 11am PDT today with active volume. As for today, the market held a tight trading range, watching developments at the European debt crisis meeting. The mood in Europe brightened on Tuesday, with European Union political leaders agreeing in principle to...(Read More) -
Daily Market Report 01/30/12
GOLD Gold trading is virtually unchanged, down $0.60 per ounce at 11am PDT, trading at $1,732.40 per ounce. Gold reached its highest price in more than seven weeks last Friday. Investors awaited the outcome of Greece’s debt deal talks, but slower-than-expected GDP growth within the United States was a minor negative. Gold also got a boost from reports the world’s...(Read More) -
Weekly Market Report 01/30/12
This week’s Market Report provides you with an update on the precious metal markets and what last week’s announcement by Federal Reserve Chairman Bernanke will mean to your precious metal holdings. GOLD What a week for Gold and Silver investors. Last week’s Federal Reserve announcement confirms that the direction for Gold and Silver prices this year will be substantially higher...(Read More) -
Gold Is The Hottest Currency In The World
(Read More)The price of gold is roaring back from its latest temporary correction, sending the bears into full withdrawal. If you sold your gold in December as it fell to $1525 an ounce, you’re probably feeling foolish at the incredible $210 rise to $1735– a 15% move in no time at all. Gold, you see, is not a commodity like oil and copper and wheat. It is rather an alternative currency– one that finds buyers when....
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Daily Market Report 01/27/12
GOLD In the wake of the Fed’s policy changes on Wednesday, when the Fed indicated that interest rates were going to be held down until late 2014, inflation would not breach 2% but long term rates could climb to 4% or more, gold bolted through $1,700 and quite rightly. And this was not U.S. gold buying as the gold...(Read More)
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