Barry Stuppler

  1. Daily Market Update 3/9/11

    GOLDGold closed down $1 today, at $1,429.20.  A little stability in the Gold and Silver prices is greatly appreciated. Gold traded in a narrow $14 range today of good volume. Gold has been over $1,400 an ounce for the past 13 trading days and building a great base for its next move above $1,450 (next resistance area).   SILVERSilver’s meteoric...
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  2. Daily Market Update 3/8/11

    GOLDGold closed today at $1,430, down $6 for the day. It’s about time we got a little consolidation and profit taking. It wasn’t a sizeable price correction but a short pause in the Silver & Gold upward breakout was badly needed. The markets are the most volatile I have seen in years. Large quantities of Gold, Silver and Crude Oil...
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  3. Utah House Passes Bill Recognizing Gold, Silver as Legal Tender

    Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.

    The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state...

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  4. Daily Market Update 3/7/11

    GOLDGold closed in very active trading today at $1,436 up $8 on the day. The trading action was centered around the hostiles’ in Libya and higher crude oil prices.   SILVERSilver closed in active trading and heavy volume at $36.10, up $.70 and setting another 31 year high. The U.S. Mint has sold 9,662.000 Silver 1oz Eagles in the first...
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  5. Daily Market Update 3/4/11

    The Stars have realigned and today’s news is all bullish for precious metals. GOLDGold closed at $1,428.00, up $15.50 based on the following factors: Hostiles in the Middle East have intensified, causing World Oil and Domestic Gasoline prices to increase. Labor Department reported lower than excepted employment numbers for February. Commerce Department reported new orders for manufactures were up 3.1...
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  6. Might the U.S. yet confiscate Citizens gold

    The recent dip in the dollar is frightening as it declines against gold and peer currencies. Where does gold figure in the monetary system now - and might the U.S. again confiscate gold?

    Just take a look at the chart of the U.S. dollar Index and you see a frightening sight. If it sinks any further its support will have evaporated. We have watched all this week the gold price rise and look good in the dollar. But in the euro it has barely moved.   Against the Swiss Franc the dollar looks so weak. With the Technical picture looking so poor, one turns to the fundamentals to see if they conflict or support a downturn for the dollar...

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  7. Daily Market Update 3/3/11

    GOLDGold closed at $1,412.50, down $23.25 on the day. The combination of a possible Arab mediation of the Libyan crisis, higher interest rates in Europe, improving US employment numbers, lower crude oil prices and 190+ rally in the U.S. Stock Market took the momentum out of the Gold markets today. A healthy correction and a great opportunity after a $120...
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  8. Daily Market Update 3/2/11

    Up, Up and Away.Today we are seeing new all-time record highs for Gold, as Silver continues to set new 31 year highs daily. GOLDclosed at $1,435.75, up $7.75 for the day. SILVERclosed at $34.65, up $0.25 for the day.Today’s major upward breakout in both Gold and Silver on heavy volume shows that the technical charts and fundamentals are looking extraordinarily...
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  9. Daily Market Update 3/1/11

    GOLDGold closed today at $1,428 up $18.80 on heavy trading. Today’s high was $1,433.40, only $0.70 below the all-time Gold inter-day high of $1,434.10. Today Gold opened higher on a weaker dollar against the euro which moved higher on extremely positive data from Kathleen Brooks (Forex.com Director) and a sharp decline in German unemployment. The dollar rallied after Federal Reserve...
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  10. Daily Market Update 2/28/11

    GOLDGold closed at $1,409.20, up $1.20 for the day.  Nice active trading in a narrow band, the range was about $10 from the high to low of the day.  I’m looking for Gold to trade in the $1400 to $1425 range for a short time longer then breaking out and continuing to set new highs until it reaches the next...
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