Author Archive: Barry Stuppler

Barry Stuppler & Co. offers a great selection of gold and silver, rare and investment quality coins to our valued clients. As the current elected president of the 30,000 member American Numismatic Association (ANA) and the president of the California Coin and Bullion Merchants Association (CCBMA), Barry Stuppler brings expertise and integrity to the numismatic trade.

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Daily Bullion Market Update 8/26/11

Daily Bullion Market Update 8/26/11

By Barry Stuppler – MintStateGold.com GOLD Post Jackson Hole speech, we should see Gold continue to build its new trading range. Last night the most active trading month (the December gold contract) hit the $1,800 resistance level before trading back down to $1,770 per ounce.  This week we have seen a new $1,700 to $1,800 […]

Daily Bullion Market Update 8/25/11

Daily Bullion Market Update 8/25/11

By Barry Stuppler – MintStateGold.com GOLD Gold hit $1,701.70 in overnight trading and quickly bounced back to $1,730. It looks like the $1,700 area has major support for Gold.  Building a base in the $1,700 to $1,775 area for the next two to three weeks would be very supportive of the long term market health, […]

Daily Bullion Market Update 8/24/11

Daily Bullion Market Update 8/24/11

By Barry Stuppler – MintStateGold.com GOLD Wow, another exciting day for gold investors. From July 22nd when gold closed at $1,602 until August 22nd when gold hit $1,912, gold increased $310 or 19.35%. At 11am PDT today gold is trading $1,765, down $147 per ounce from August 22nd highs, or 6.6%. Remember at today’s price, […]

Daily Bullion Market Update 8/23/11

Daily Bullion Market Update 8/23/11

By Barry Stuppler – MintStateGold.com GOLD After increasing six days in a row, and up over $300 in the past month, Gold finally saw some profit taking last night. After breaking above the psychological resistance level of $1,900, gold reached $1,912.60 in Asian overnight trading. At that point, light profit taking hit the market driving […]

Daily Bullion Market Update 8/22/11

Daily Bullion Market Update 8/22/11

By Barry Stuppler – MintStateGold.com GOLD Trading at $1,887.80 at 11am PDT, Gold is up $40 on the day in very active trading. Gold climbed to a record high above $1,895 an ounce in New York and London, as concern about slowing economic growth and debt crises spurred demand for bullion as a protection of […]

Daily Bullion Market Update 8/19/11

Daily Bullion Market Update 8/19/11

By Barry Stuppler – MintStateGold.com GOLD It’s starting to feel like the movie Groundhog Day, where every day starts the same way.  Gold continues to move higher, hitting $1,881.40 in overnight trading, another all-time high.  Friday commodity trading is normally less active than during the week and gold trading has been in the $1,837 to […]

Daily Bullion Market Update 8/18/11

Daily Bullion Market Update 8/18/11

By Barry Stuppler – MintStateGold.com GOLD Wow, another new all-time high in gold and the U.S. Stock is down 500 points. I am beginning to sound like a broken record. Gold hit $1,827.80 today and at 11am PDT was trading at $1,819.80, up $27.80 per ounce for the day. The headline news is Venezuela, but […]

Daily Bullion Market Update 8/17/11

Daily Bullion Market Update 8/17/11

By Barry Stuppler – MintStateGold.com GOLD Gold continued its move back to $1,800 per ounce today. At 11am PDT gold was selling for $1,792.00, up $10.70 per ounce on active trading. Yesterday’s statements from the meeting between the heads of France and Germany failed to quell Wall Street’s fears about euro zone leaders’ ability to […]

Daily Bullion Market Update 8/16/11

Daily Bullion Market Update 8/16/11

By Barry Stuppler – MintStateGold.com GOLD Today we are seeing gold build an excellent trading range from $1,763 to $1,787 on solid volume.  At 11am PDT gold is trading at $1,781.30 up $18.10 per ounce on the day. After this morning’s comments by French President Nicolas Sarkozy on euro zone proposals the gold market rallied […]

Daily Bullion Market Update 8/15/11

Daily Bullion Market Update 8/15/11

By Barry Stuppler – MintStateGold.com GOLD Gold opened $10 lower in Asia before sizeable buying came into the market.  After the extraordinary trading last week that virtually set new record highs daily, it is nice to see gold stabilizing and trading in a narrow band.  Gold has traded in a $20 range today, holding at […]

Daily Bullion Market Update 8/12/11

Daily Bullion Market Update 8/12/11

By Barry Stuppler – MintStateGold.com GOLD Overnight trading in Asia was very supportive to the current price range. Finally, we are seeing stability in the gold trading which had a 2 ½ % trading range in the last 24 hours.  The low to high trading range for gold was $1,724/$1,769 with excellent volume. I would […]

Daily Bullion Market Update 8/11/11

Daily Bullion Market Update 8/11/11

By Barry Stuppler – MintStateGold.com GOLD Gold is trading at $1,740.22 per ounce this morning at 11am PDT, down $36.28 per ounce on normal volume. At one point in overnight trading in Asia gold hit an All-Time high of $1,815.40. What the gold market could use right now is a week or two of stabilization […]

Daily Bullion Market Update 8/10/11

Daily Bullion Market Update 8/10/11

By Barry Stuppler – MintStateGold.com GOLD Another day, another All-Time high for Gold.  WOW what a run, and all information is pointing to continued demand.  At 11am PDT Gold is trading at $1,776.50 per ounce, up $34.00 on very, very active trading. At this current pace, my $1,900 year end prediction looks low.  J.P. Morgan’s […]

Daily Bullion Market Update 8/9/11

Daily Bullion Market Update 8/9/11

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT gold is trading at $1,742.50 per ounce, up $27.50 on very active trading. Gold did hit a new all-time high at $1.782 in overnight trading in Asian markets. This is a pivotal point for the U.S. Dollar & Gold, and yes, gold has gone parabolic as […]

Daily Bullion Market Update 8/8/11

Daily Bullion Market Update 8/8/11

By Barry Stuppler – MintStateGold.com GOLD Rating agency Standard & Poor’s says it has downgraded the U.S. credit rating from its top rank of AAA to AA+. Rating agencies analyze risk and give debt a “grade” that reflects the borrower’s ability to pay the underlying loans. The safest bets are stamped AAA. That’s where U.S. […]

Daily Bullion Market Update 8/4/11

Daily Bullion Market Update 8/4/11

By Barry Stuppler – MintStateGold.com GOLD What a day we had today. Gold ran up to $1,683.30 per ounce. Then, as the Stock Market got hammered down over 350 points, we saw gold being sold.  The traders believe this was “hitting the Piggy Bank” type selling. When hedge funds and financial institutions are hit with […]

Daily Bullion Market Update 8/3/11

Daily Bullion Market Update 8/3/11

By Barry Stuppler – MintStateGold.com GOLD With the Dollar getting hammered, and the Worlds Equity Markets down sharply, including the DJIA down nine days in a row, we are seeing a run to safety. Gold is the ultimate safe haven investment. So it is not surprising to see gold trading at another new All-Time high […]

Daily Bullion Market Update 8/2/11

Daily Bullion Market Update 8/2/11

By Barry Stuppler – MintStateGold.com GOLD With the debt ceiling issue behind us, and a brief selloff in Gold, we are ready to move higher.  The gold market is setting new All-highs again amid concerns over a double-dip recession coupled with the now surety of the Federal Reserve announcing some form of monetary easing very […]

Daily Bullion Market Update 8/1/11

Daily Bullion Market Update 8/1/11

By Barry Stuppler – MintStateGold.com GOLD Late Sunday afternoon President Barack Obama and U.S. congressional leaders announced an agreement to cut an initial $1 Trillion from federal government deficit spending and more than $2 Trillion over the next 10 years, while allowing the U.S. debt ceiling to be raised by $2.4 Trillion, making the new […]

Daily Bullion Market Update 7/28/11

Daily Bullion Market Update 7/28/11

By Barry Stuppler – MintStateGold.com GOLD As the pressure builds on Congress to provide Debt Ceiling legislation that would pass both houses and be signed into law by the President, we are seeing higher volume and volatility in the precious metal markets.  Gold has traded in a $19 range today, down $.40 cents at 11am […]

Daily Bullion Market Update 7/25/11

Daily Bullion Market Update 7/25/11

By Barry Stuppler – MintStateGold.com GOLD Sometimes I feel I’m sounding like a broken record saying again “Gold continues to set a new All-Time High”, trading at $1,613.80 per ounce at 11am PDT.  Last night in Asia gold did reach $1,623.40 in active trading. Gold is at all-time highs; the gold mining stocks are down […]

Daily Bullion Market Update 7/22/11

Daily Bullion Market Update 7/22/11

By Barry Stuppler – MintStateGold.com GOLD Gold is up $12.40 at 11am PDT today, trading at $1,601.40 an ounce on normal light Friday volume. Concerns over negotiations to raise the U.S. debt ceiling is increasing demand for Gold as a safe store of value. House Speaker Boehner stated that “We’re not even close to an […]

Daily Bullion Market Update 7/21/11

Daily Bullion Market Update 7/21/11

By Barry Stuppler – MintStateGold.com GOLD The gold price is down $8.90 trading at $1,589.00 at 11am PDT in very active trading. The gold market is focused on news from the latest Eurozone economic summit, where they are working on a second bailout package for Greece and measures to prevent the spread of sovereign debt […]

Daily Bullion Market Update 7/20/11

Daily Bullion Market Update 7/20/11

By Barry Stuppler – MintStateGold.com GOLD After a selloff in Gold late yesterday, following President Obama’s announcement that the Senate’s ‘Gang of Six’ has come up with a plan to settle the debt ceiling problem, the gold market is rallying back. Gold dropped to $1,580.00 in reaction to the announcement and today Gold has regained […]

Daily Bullion Market Update 7/18/11

Daily Bullion Market Update 7/18/11

By Barry Stuppler – MintStateGold.com GOLD Gold breaking through the $1,600 level today shows the amazing strength in the market, especially considering that we are in July, an historically flat month. However, the ongoing Euro Debt issues and the Debt ceiling problems in Washington DC are driving investors into Gold as the ultimate safe haven. […]

Daily Bullion Market Update 7/15/11

Daily Bullion Market Update 7/15/11

By Barry Stuppler – MintStateGold.com GOLD Gold continues it’s breakout, now trading up for nine days in a row from the July 1st low of $1,487.  Gold is setting new all-time highs daily, currently trading at $1,591.80 at 11am PDT, up an additional $2.10 per ounce. Traders are still focused on the DEBT, whether it […]

Daily Bullion Market Update 7/14/11

Daily Bullion Market Update 7/14/11

By Barry Stuppler – MintStateGold.com GOLD It’s now eight days in a row that Gold has increased in value.  At 11am PDT today gold has set another record all-time high at $1,589.70, up another $5.60 in very active trading. Gold has now increased over $102 (6.8%) since its recent July 1st low of $1,487.20. Gold […]

Daily Bullion Market Update 7/13/11

Daily Bullion Market Update 7/13/11

By Barry Stuppler – MintStateGold.com I hate the “I told you so” type people, So, I will not say it. GOLD Gold is trading at a new ALL-TIME HIGH of $1,584.10 at 11am PDT today, up $22.70 per ounce on very active trading. Gold has now increased in value seven days in a row.  The […]

Daily Bullion Market Update 7/12/11

Daily Bullion Market Update 7/12/11

By Barry Stuppler – MintStateGold.com GOLD Up, Up, and Away, Gold is up for the sixth day in a row. Gold is trading at $1,561.40 at 11am PDT, up $13.30 per ounce on heavy volume.  Again, I believe staying above the important $1,550 resistance level will lead to setting a new all-time high (above $1,575) […]

Daily Bullion Market Update 7/06/11

Daily Bullion 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 […]

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