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Barry Stuppler

  1. 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)
    By Barry Stuppler
    | February 18 2011
    Posted in Daily Market Report

  2. 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)
    By Barry Stuppler
    | February 17 2011
    Posted in Daily Market Report

  3. Feb.15th 2011 Senate Banking Committee Hearing with Rep. Mulvaney and Jacob Lew, Obama’s Budget Director

    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...

    (Read More)
    February 17 2011
    Posted in News Articles

  4. Soros Raises Gold Holding in Fourth Quarter

    (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.

    (Read More)
    February 16 2011
    Posted in News Articles

  5. 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)
    By Barry Stuppler
    | February 16 2011
    Posted in Daily Market Report

  6. 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)
    By Barry Stuppler
    | February 15 2011
    Posted in Daily Market Report

  7. Daily Market Update 2/14/11

    Precious Metal Market trading was very active today with Silver taking the lead up 53 cents to $30.53. Gold recovered from earlier lows closing at $1,365.10, up $4.70.  The news of continued Middle East protests in Algeria, Bahrain, and Yemen, plus the release of the Obama $3.7 Trillion budget, which forecasts deficits for 2011 at $1.6 trillion and $1.1 trillion...
    (Read More)
    By Barry Stuppler
    | February 14 2011
    Posted in Daily Market Report

  8. Daily Market Update 2/11/11

    Today’s announcement of the removal of Mubarak as Egypt’s President did not have any dramatic effect on the precious metal markets.  Gold prices initially traded lower on the announcement but rallied back to over $1,360, caused by the uncertainty for Egypt and the Middle East in the coming months. Gold closed at $1,359.20, down $1.30 for the day on good volume...
    (Read More)
    By Barry Stuppler
    | February 11 2011
    Posted in Daily Market Report

  9. Daily Market Update 2/10/11

    Gold closed at $1,360.50, virtually unchanged; Silver at $30.13, down 3 cents on light volume.As the World and its commodity markets wait to hear news out of Egypt, precious metals have traded in a narrow range. Today’s news that affects the precious metal prices: European Central Bank is taking aggressive actions to support the Portuguese debt crisis. The U.S. Dollar...
    (Read More)
    By Barry Stuppler
    | February 10 2011
    Posted in Daily Market Report

  10. Daily Market Update 2/9/11

    After yesterday’s break out rally in gold and silver, today’s action was quiet while consolidating the gains. Gold closed at $1,361 down $2 for the day, and Silver closed at $30.16 down $.14 on light trading.A weaker Dollar, and Ben Bernanke downplaying the U.S. inflation risk in Congressional testimony, added to the support of precious metals trading.Today’s Important News: Global...
    (Read More)
    By Barry Stuppler
    | February 9 2011
    Posted in Daily Market Report

Items 5431 to 5440 of 5451 total

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