Barry Stuppler
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Daily Market Update 2/25/11
GOLDGold closed today at $1,408, down $2.50, breaking the eight day streak of higher prices. Taking direction from Libyan news, volume was very healthy oversees and in New York trading. Bloomberg surveyed 20 Gold traders, investors and analysts. The survey found that 80 percent (16 out of 20) said the metal will rise next week, and 4 predicted lower prices...(Read More) -
Daily Market Update 2/24/11
GOLDIt would be very healthy for the future of the Gold price if it could just stabilize in the $1,400 to $1,420 for a couple weeks. However, with the potential explosive developments in the Middle East and North Africa it may not be possible. However, Gold did close today at $1,411.50 up $1.50 and the eighth day in a row...(Read More) -
Daily Market Update 2/23/11
GOLDGold climbed for the seventh straight session closing at $1,410, up another $9, as it continues to be boosted by geopolitical factors, inflationary numbers, and the return of Gold to the safe haven status. This continued rally in Gold, fueled by news from Libya and higher Oil prices, is in the face of a major rally in the U.S. Dollar...(Read More) -
Daily Market Update 2/22/11
GOLD From last Friday’s closing price, Gold was up $13.50 today, closing at $1401.10, on very heavy volume. This is above the very important psychological level $1,400. At the top of the news effecting Gold and crude oil prices is the ongoing protests in Libya. Libya exports some 1.1 million barrels of crude a day from a production of 1.6...(Read More) -
Daily Market Update 2/18/11
Another very active day in the precious metal markets. Gold closed at $1,387.50, up $4 on continued Middle East concerns on the report of Iranian warships traveling through the Suez Canal on their way to the Mediterranean. Gold continues to maintain a flight-to-safety bid amid the uncertainty in the Middle East, A report from Jeff Toshima, Tokyo director of the...(Read More) -
Daily Market Update 2/17/11
The news of continued Middle East and North Africa protests in Algeria, Bahrain, Yemen, Syria, Libya, Oman, and Iran, have increased demand for all precious metals. The World Gold Council (WGC) said today that Gold demand for 2010 reached a ten year high, with demand hitting 3,812.2 tonnes, worth approximately US$150 billion. WGC also stated that the changes in central...(Read More) -
Feb.15th 2011 Senate Banking Committee Hearing with Rep. Mulvaney and Jacob Lew, Obama’s Budget Director
(Read More)After President Obama released his new $3.7 Trillion budget on Monday Feb. 14th 2011 --- which forecasts deficits for 2011 at $1.6 trillion and $1.1 trillion for 2012 --- his budget director, Jacob Lew, gave testimony to the Senate Budget Committee on Tuesday Feb. 15th 2011. During the Senate Budget Committee hearing, Rep. Mick Mulvaney of South Carolina’s 5th district points out: “These numbers just aren’t realistic and it’s not a credible document.” Rep. Mulvaney questioned the assumptions that the revenues and growth in the budget forecast were based on. In short, as massive as the budget numbers are, it is still hiding the reality of its size and scope. It is important that you read the testimony...
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Soros Raises Gold Holding in Fourth Quarter
(Read More)(By Chanyaporn Chanjaroen and Nicholas Larkin - Feb 15, 2011) - Billionaire investor George Soros increased his SPDR Gold Trust share holding by 0.5 percent in the fourth quarter and John Paulson kept his investment unchanged, filings with the U.S. Securities and Exchange Commission show.
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Daily Market Update 2/16/11
GOLD Today Gold traded actively in a narrow price range. Gold opened virtually unchanged, then traded down $5 on little news. After news was released of January’s U.S. wholesale price information up 0.8%, the largest increase since October 2008, and news of two Iranian warships going through the Suez Canal on their way to Syria, the gold market jumped up. ...(Read More) -
Daily Market Update 2/15/11
SILVER Silver closed at $30.71, up $0.18 for the day in active trading. Today’s silver increase was helped by the release of U.S. Commodity Futures Trading Commission data which showed last week there was a substantial increase in demand on the NYMEX. Silver should reach its recent high of $31.22 shortly, which should act as a short term resistance level...(Read More)
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Gold & Silver Fall on U.S. Naval Ship Firing at Iranian Vessel ByApril 20 2026
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Gold & Silver Fall on U.S. Naval Ship Firing at Iranian Vessel ByApril 20 2026
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Gold & Silver Rally As the Strait of Hormuz Are Open ByApril 17 2026
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BofA Sees 60% Jump in Commodities Trading Fueled by Oil and Gold ByApril 17 2026