Barry Stuppler

GOLD At 11am PDT Gold is trading at $1,628.60 per ounce, up $11.20 on light Friday trading.The High/Low range today is only $24.00 per ounce. This shows some price stability in the Gold market, however this is low volume Friday, and I would like to continue seeing less volatility in Monday’s trading. Central bankers are taking advantage of lower Gold...

GOLD The primary mover in the Gold market for the past few weeks has been the Eurozone debt crisis and the concerns about banking or sovereign debt default. Now, one of the biggest hurdles to the debt problem and economic recovery of the Eurozone was cleared this morning as the  German Parliament voted to Expand the Euro-Zone Bailout Fund.  Gold...

GOLD As the 17 Eurozone countries continue to vote on the debt bailout program, the gold market appears to have stabilized in a $1,600 to $1,675 trading range. Gold will benefit from increased investment demand if there is a split between 17 Eurozone member countries over a proposed $149 billion bailout package for Greece.  At 11 am PDT, gold is...

GOLD I’m back from Europe just in time to see the precious metal markets bottom out.  After trading as low as $1,535 per ounce in Asian trading Monday, it appears Gold has found support at $1,600 per ounce.  The professionals are now back in control of the Gold market and the increase in margin requirements at the CME and Shanghai...

WASHINGTON (Reuters) - World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy. "Unless Europe, Japan, and the United states can also face up to responsibilities they will drag down not only themselves, but the global economy," Zoellick said in speech at George Washington University.

"They have procrastinated for too long on taking the difficult decisions, narrowing what choices are now left to a painful few," he said ahead of meetings of the World Bank and International Monetary Fund next week.

His bluntly-worded speech highlighted mounting fears among global policymakers about ....

GOLD At 11am PDT, Gold is trading at $1,823.80, up $0.40 per ounce on average volume with a tight $22.00 range. The downgrading of banks should be bullish for gold; however, I was told that since last Friday a large amount of Gold lending in the forward market is rumored to be euro banks trying to raise cash.   SILVER...

The Federal Reserve and other central banks are able to go bust and may yet do so, Urs Gmuer, an asset manager at Dolefin, a Swiss investment advisor, told CNBC Tuesday.

Instead of printing more money when needed, he said central banks should return to using gold to back their currencies.

Gmuer contacted CNBC in response to comments by ING senior economist Teunis Brosens, who said central banks are technically unable to go... 

GOLD At 11am PDT gold is trading at $1,823.40 up $13.20 per ounce on active trading in a narrow $24 range. Gold tested the $1,800 support level Monday, and today it held, then rallied back to $1,830. Last night the euro rallied against the USD because of a successful Italian bond auction and China investing €7bn in long-term Italian bonds...

GOLD Gold fell today as concern about a potential Greek default drove the dollar higher and some investors sold the metal to cover losses resulting from margin calls on the world’s equities markets. The U.S. Dollar has rallied almost 6% versus the Euro (from 1.44 to 1.36 Dollars to the Euro). At 11am PDT Gold is trading at $1,810.20, down...

GOLD Last week was definitely extraordinary. Gold set a new all-time high of $1,920.80 per ounce Tuesday, and then sold off to $1,793.80 per ounce within 24 hours.  The price range for the four day week was $127 (6.8%), compared to the previous week’s $109, ending with gold closing at $1,859.50 on Friday.  Based upon the U.S. Dollar’s strength and...