Barry Stuppler
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Daily Market Update 1/31/11
Today there was a War in the commodity pits between the buyers concerned about the problems in Egypt worsening and/or spilling over to other Middle Eastern countries, and the chartists who believe gold should hit the 150 day moving average of $1,306 per ounce before the next up rally. Gold closed at $1,329, down $11 on the day. Silver behaved...(Read More) -
Daily Market Update 1/28/11
Wow, What a day for Gold & Silver. Gold hit $1,308 and silver traded at $26.65 in overnight metal markets. Then based on strong demand generated by Egyptian civil unrest and rioting over food inflation (17%), unemployment (10%) plus blatant corruption from the ruling party the markets started moving dramatically. Oil increased $3, Gold rallied $40 and Silver $1.40 from...(Read More) -
Daily Market Update 1/27/11
Based on yesterday’s trading activity I guess I jumped the gun in regard to the correction in Gold & Silver.Based on Europe’s central bankers stating that key central banks are committed to keep inflation at bay, andcrude oil hitting a fresh seven-week low, Gold & Silver continue their price corrections. Gold closing at $1,315 and Silver at $26.95 an ounce. ...(Read More) -
China vs. JPMorgan: The Battle Over Gold and Silver
(Read More)(By Jason Hamlin - Jan 24 2011) - Gold is down 6% and silver 12% since the start of 2011. This is the sharpest decline in precious metals since June of last year and with technical support broken at the 50-day moving averages, many are concerned of a deeper correction ahead. While there are a myriad of factors driving the prices, two of the major opposing forces are...
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Daily Market Update 1/26/11
Great day for precious metal owners! Gold, Silver, Palladium and Platinum opened lower and closed on or near the highs for the day. All precious metals were substantially higher today on the following bullish news… First, The Congressional Budget Office stated the 2011 deficit was going to be $1.5 trillion and projected the 2012 deficit would be well above $1...(Read More)





