Barry Stuppler
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Daily Market Update 6/30/11
GOLD Gold was trading at $1,506.60 at 11am PDT today, down $1.90 an ounce on average trading volume. Gold tested the important $1,500 price level again today, hitting $1,500.60 this morning. I believe the heavy demand for gold at this level means the downside risk for gold has become limited, while the fundamental issues that make Gold’s upside look robust...(Read More) -
Selling gold teeth to make ends meet in Greece
(Read More)A smartly dressed woman waits as a young man behind a glass screen weighs her gold earrings, bracelets and rings and counts out 1,600 euros. Behind her, a grey-haired man shuffles towards the counter. "Do you buy gold teeth?" he asks.
In the Greek capital, gold is marking a divide between the "haves" and a growing number of "have nots". Shops like this one have mushroomed in downtown Athens and are doing a brisk business...
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The Screaming Fundamentals for Owning Gold and Silver
(Read More)This report lays out an investment thesis for gold and one for silver. Various factors lead me to conclude that gold is one investment that you can park for the next 10 or 20 years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report.
The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if ...
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Daily Market Update 6/29/11
GOLD Gold rallied in Asia as news from Greece indicated that the parliament was going to pass the austerity plan. Finally, in the face of a nationwide 48-hour strike and violent clashes in the Greek capital of Athens, the Greek parliament has voted in favor of a drastic $40.3 Billion package of austerity measures intended to save the country from...(Read More) -
The Deficit Is Worse Than We Think
(Read More)Normal interest rates would raise debt-service costs by $4.9 trillion over 10 years, dwarfing the savings from any currently contemplated budget deal.
Washington is struggling to make a deal that will couple an increase in the debt ceiling with a long-term reduction in spending. There is no reason for the players to make their task seem even more Herculean than it already is. But we should be prepared for upward revisions in official deficit projections in the years ahead—even if a deal is struck. There are at least three major reasons for concern...
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Gold price likely to rise 15% in next six months
(Read More)With gold prices hovering around the $1500-per-ounce-mark, experts believe that a surge in prices in the next six months is likely, with prices reckoned to increase by about 15 per cent to reach $1700/oz by the end of the year.
Despite the fact that the price of the yellow metal has gone up by just 5.5 per cent since the beginning of this year, M.R. Raghu, Senior Vice-President-Research at Kuwait Financial Centre (Markaz), believes that “gold will have another good year in 2011.”
“In my assessment, it is likely to... -
Daily Market Update 6/28/11
GOLD Gold is trading at $1,501.40 at 11am PDT, up $3.20 per ounce as the current correction ends and the market starts to build a new trading range and base. The middle class is emerging in China, with over one million new Chinese millionaires in the past two years. China’s gold sales will continue to increase and is expected to...(Read More) -
Daily Market Update 6/27/11
GOLDGold was trading at $1,498.20 at 11am PDT today, down $5.70 per ounce. Gold reached $1,493 in Asia before a major rally began taking the price over $1,500 again. The U.S. Dollar continued to be strong and Crude Oil was down sharply on news for Greece. The deterioration in the Greek Debt problem has driven Sovereign Credit-Default Swaps rates much...(Read More) -
Weekly Market Report 6/27/11
GOLD Gold was down $38.20 last week, closing at $1,500.90 per ounce. Gold dropped $52.50 on Thursday and Friday after Fed Chairman Ben Bernanke gave no hint of the next round of quantitative easing at his news conference, and the release of 60 Million Barrels of Oil from the International Energy Agency. The U.S. will release 30 Million barrels from...(Read More) -
Daily Market Update 6/24/11
GOLDVery active trading in the Gold pits yesterday and today. A spark rally in the U.S. dollar (versus the Euro) and a sizeable correction in the world’s crude oil price have put precious metals on the defensive. This morning, gold tested long term support, breaking the $1,500 mark then rallying back immediately. At 11am PDT Gold was trading at $1,503.90...(Read More)





