Barry Stuppler
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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) -
Daily Market Report 01/26/12
GOLD Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank was ready to offer the economy additional stimulus after it announced it was likely to keep interest rates near zero until at least late 2014. Wow, what a bullish development for gold and silver owners. The major bull run for Gold and Silver continues with the next...(Read More) -
Daily Market Report 01/25/12
GOLD There’s surprising news from the U.S. Federal Reserve. Interest rates are going to be kept at zero to ¼ percent until late 2014 and in turn, caused gold to rally above $1,700 per ounce. Low interest rates and the high possibility of addition Federal Reserve and European Central Bank monetary stimulus (QE) are very bullish for the price of...(Read More) -
Silver sales are booming as supply drops to scary levels
(Read More)For the first time in history, Silver Eagle & Maple Leaf sales will surpass domestic silver production in the U.S. and Canada in 2011. The demand for American Silver Eagles and Canadian Maple Leaf coins has increased tremendously over the past several years. 2011 will be the first year in which official coin sales will surpass domestic silver production in both countries....
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Daily Market Report 01/24/12
GOLD Gold sold off from recent highs as talks on a Greek debt swap deal stalled late yesterday. Eurozone finance ministers rejected as insufficient, an offer made by private bondholders to help restructure Greece’s debts, sending negotiators back to the drawing board. At 11am, Gold is trading at $1,668.60, down $8.90 per ounce with light trading.The Chinese Lunar New Year...(Read More) -
Weekly Market Report 01/23/12
GOLD The direction of the gold price continues higher. Three weeks into the New Year and Gold has increased each week at an excellent pace. Gold closed at $1,664.00 per ounce on Friday, January 20th, up $ 33.20 for the week and $97.20 (6.2%) since the start of 2012. As I mentioned last week, the fundamental factors for gold ownership...(Read More) -
Daily Market Report 01/23/12
GOLD The gold rally continues on the outlook for a Greek debt settlement that will allow the EU and IMP to provide an additional 130 Billion Euro (US$168 Billion) in loans. Current Greek bondholders will be taking a 60% plus discount and receive new Greek securities. Demand continues to be strong globally and we are now up over $100 per...(Read More) -
The phenomenal rise of the Chinese gold market
(Read More)The growth of China’s presence in the global gold market has been phenomenal in the last dozen years. Prior to this century, HSBC sent a delegation from their London gold department to see the Chinese financial authorities and were rebuffed as ‘trying to sell gold to China’. Since then, the Chinese financial authorities switched on and set off with a purpose....
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Daily Market Report 01/20/12
GOLD Gold has been showing excellent support at $1,645 per ounce and resistance at $1,670, and most professional traders are buying on dips and selling into resistance, with very few wanting to be short. At 11am PDT, Gold is trading at $1,664.00 per ounce, up $7.20 per ounce on average weekend trading volume. Today’s report from ICBC (Industrial & Commercial...(Read More) -
Daily Market Report 01/19/12
GOLD Over the past 24 hours, gold has been trading in a narrow range. Gold’s low/high spread has been $1,648 to $1,663 per ounce in active global trading. I believe this type of base building is healthy for the market and could last till month end. The fundamental reasons for gold ownership keep getting better. The IMF is looking to...(Read More)
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