Barry Stuppler

  1. Daily Market Update 7/06/11

    GOLD Gold was up another $20.10 per ounce today, trading at $1,528.70 at 11am PDT, on negative Eurozone news. Moody’s gave the markets a painful reminder late yesterday that the debt crisis in the peripheral Eurozone countries is far from over. Moody’s lowered Portugal’s credit rating four notches (to Ba2) and further unsettled investors when they claimed that the percentage...
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  2. Silver Demand in China Booming

    Silver demand in China is soaring. Imports of silver to the Asian giant have reached new highs, and analysts maintain that demand for this year will only continue to grow. The growth comes not only from industrial and jewelry demand, but also from the increased investments in...

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  3. Daily Market Update 7/05/11

    GOLD Gold is up $23.40 today, trading at $1,510.60 an ounce at 11am PDT. Gold rallied on light trading in Asia, the Middle East, and London, as bargain buying with gold under $1,500 stimulated investors and jewelry manufactures to add to their gold holdings. The rally continued in the U.S., breaking above the important $1,500 level, as an article over...
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  4. Weekly Market Report 7/05/11

    GOLD This morning gold is back above the psychological $1,500.00 an ounce level on short covering and bargain buying. But, last week Gold was down $14.20, ending the week at $1,486.70 per ounce. Last Friday I was very surprised to see gold trading down as low as $1480. With a number of volatile issues temporarily behind us, the emotional run...
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  5. Daily Market Update 07/01/11

    GOLD Gold is trading at $1,487.20 at 11am PDT, down $19.40 per ounce. With no clear reason for the selloff, this morning I called some friends who trade precious metals at the New York & Chicago Commodity Markets to ask why gold and silver prices are down today.  Here is what they said: Gold took its direction from a sharply...
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  6. 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...
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  7. Selling gold teeth to make ends meet in Greece

    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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  8. The Screaming Fundamentals for Owning Gold and Silver

    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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  9. 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...
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  10. The Deficit Is Worse Than We Think

    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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