Tag: bullion

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 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 7/27/11

Daily Bullion Market Update 7/27/11

By Barry Stuppler – MintStateGold.com GOLD Gold is trading very actively today with a $21 range, hitting a new all-time high of $1,629.50 earlier this morning. At 11am PDT gold is trading at $1,615.30, down 90 cents an ounce. The Debt Ceiling Crisis in Washington DC is the primary focus of the precious metal markets. […]

By July 27, 2011 0 Comments Read More →
Daily Bullion Market Update 7/26/11

Daily Bullion Market Update 7/26/11

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT Gold is trading at $1,616.20, up $2.40 per ounce on average trading volume.  Today the gold market has had a very narrow trading range of only $10.00, as it awaits news from Washington on the debt ceiling.  All I can say after listening to the President […]

By July 26, 2011 0 Comments Read More →
You Responsible Enough to Own Gold and Silver?

You Responsible Enough to Own Gold and Silver?

By Patrick A Heller – Liberty Coin Service The decision to own gold or silver usually involves more than making a decision to diversify an investment portfolio or to choose assets with a long-term positive track record. For a lot of people, the choice to own gold or silver signifies taking responsibility for one’s financial […]

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 7/15/11

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 […]

Record Bourse, Spectacular Exhibits and Educational Programs Highlight ANA World’s Fair of Money in Chicago

Record Bourse, Spectacular Exhibits and Educational Programs Highlight ANA World’s Fair of Money in Chicago

The largest bourse and best numismatic inventory in American Numismatic Association history awaits attendees of the ANA World’s Fair of Money, Aug. 16-20 in Chicago. The country’s premier coin show and convention, at the Donald E. Stephens Convention Center in Rosemont, will also feature spectacular educational programs and exhibits as well as the most stunning […]

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 7/11/11

Daily Bullion Market Update 7/11/11

GOLD Gold continues to rally today based on continued safe haven buying concerns. The debt problems of Greece, Italy, and Portugal are back, while our debt ceiling dilemma in the U.S. is the focus of the news media. At 11am PDT gold is trading at $1,548.10, up $5.80 per ounce in active trading. Gold reached […]

By July 11, 2011 0 Comments Read More →
Daily Bullion Market Update 7/07/11

Daily Bullion Market Update 7/07/11

GOLD Up, Up, and Away… the Gold rally continues with gold trading at $1,532.10, up another $3.40 an ounce at 11am PDT. It’s becoming more and more clear that the primary issue driving gold prices both up and down is DEBT. Whether it is Euro Debt, Japanese Debt, or lifting the U.S. Debt ceiling, both […]

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 […]

Daily Market Update 7/05/11

Daily Market Update 7/05/11

GOLD Gold is up $23.40 today, trading at $1,510.60 an ounce at 11am PDT. Gold rallied on light trading in Asia, the Middle East, and London, as bargain buying with gold under $1,500 stimulated investors and jewelry manufactures to add to their gold holdings. The rally continued in the U.S., breaking above the important $1,500 […]

Daily Bullion Market Update 7/1/11

Daily Bullion Market Update 7/1/11

By Barry Stuppler – MintStateGold.com GOLD Gold is trading at $1,487.20 at 11am PDT, down $19.40 per ounce. With no clear reason for the selloff, this morning I called some friends who trade precious metals at the New York & Chicago Commodity Markets to ask why gold and silver prices are down today. Here is […]

Upward Pressure on Prices for High-End Rare Coins is Building

Upward Pressure on Prices for High-End Rare Coins is Building

By Mark Ferguson for CoinWeek – MFrarecoins.com The rare coin market has been building strength since the immediate shock wore off from the financial meltdown that occurred during the fall of 2008. But this took a year to get started. Buyers, in general, finally began feeling comfortable spending money on rare coins during the fall […]

Daily Bullion Market Update 6/29/11

Daily Bullion Market Update 6/29/11

By Barry Stuppler – MintStateGold.com GOLD Gold rallied in Asia as news from Greece indicated that the parliament was going to pass the austerity plan. Finally, in the face of a nationwide 48-hour strike and violent clashes in the Greek capital of Athens, the Greek parliament has voted in favor of a drastic $40.3 Billion […]

Daily Bullion Market Update 6/28/11

Daily Bullion Market Update 6/28/11

By Barry Stuppler – MintStateGold.com GOLD Gold is trading at $1,501.40 at 11am PDT, up $3.20 per ounce as the current correction ends and the market starts to build a new trading range and base. The middle class is emerging in China, with over one million new Chinese millionaires in the past two years.  China’s […]

Daily Bullion Market Update 6/27/11

Daily Bullion Market Update 6/27/11

By Barry Stuppler – MintStateGold.com GOLD Gold was down $38.20 last week, closing at $1,500.90 per ounce. Gold dropped $52.50 on Thursday and Friday after Fed Chairman Ben Bernanke gave no hint of the next round of quantitative easing at his news conference, and the release of 60 Million Barrels of Oil from the International […]

Daily Bullion Market Update 6/24/11

Daily Bullion Market Update 6/24/11

By Barry Stuppler – MintStateGold.com GOLD Very active trading in the Gold pits yesterday and today. A spark rally in the U.S. dollar (versus the Euro) and a sizeable correction in the world’s crude oil price have put precious metals on the defensive. This morning, gold tested long term support, breaking the $1,500 mark then […]

Daily Bullion Market Update 6/23/11

Daily Bullion Market Update 6/23/11

By Barry Stuppler – MintStateGold.com GOLD At 11am PDT Gold is trading at $1,523.80, down $29.80 per ounce (1.9%) in very active trading. After seven up-days in a row for Gold and Silver, with Silver increasing over $2 an ounce and Gold up $38, it took a Fed Chairman Ben Bernanke news conference and a […]

Daily Bullion Market Update 6/22/11

Daily Bullion Market Update 6/22/11

By Barry Stuppler – MintStateGold.com GOLD Gold continues to move higher on weak economic news and world events. At 11am PDT, Gold is at $1,553.60, up $8.30 an ounce in active trading. We anticipate a market reaction after Fed Chairman Bernanke’s news conference later today. The Federal Reserve Open Market Committee (FOMC) stated earlier today […]

Daily Bullion Market Update 6/21/11

Daily Bullion Market Update 6/21/11

By Barry Stuppler – MintStateGold.com GOLD Both Gold and Silver continue their bullish rally for the fourth day in a row, approaching the high end of the trading range. We could easily be off and running when Gold breaks above $1,577 (the May high). At 11pm PDT gold was up $4.20, trading at $1,545.30 per […]

Daily Bullion Market Update 6/20/11

Daily Bullion Market Update 6/20/11

By Barry Stuppler – MintStateGold.com GOLD With the Euro Group finance ministers postponing a decision on another Greek rescue package until mid-July, gold is still acting as the safe haven for capital. At 11am PDT, Gold is trading at $1,541.10 an ounce, surprisingly up $3.10 on a stronger U.S. Dollar (versus the Euro) and lower […]

Daily Bullion Market Update 6/17/11

Daily Bullion Market Update 6/17/11

By Barry Stuppler – MintStateGold.com GOLD Active trading today in gold for a Friday, with the Greek debt issue and the U.S. dollar’s weakness being the drivers of the market. At 11am PDT Gold was up $8.80 at $1,538.10 per ounce. It appears as if the Eurozone has come up with a temporary fix to […]

Daily Bullion Market Update 6/16/11

Daily Bullion Market Update 6/16/11

By Barry Stuppler – MintStateGold.com GOLD Today’s domestic and oversees gold trading was within a narrow range from $1,520 to $1,534 watching developments in Greece (See Greek austerity program below) and other PIIGS country debt trading. At 11am PDT gold was trading at 1,529.30, up $3.30 an ounce from yesterday. New Greek austerity measures Hiking […]

By June 16, 2011 1 Comments Read More →
Daily Bullion Market Update 6/15/11

Daily Bullion Market Update 6/15/11

By Barry Stuppler – MintStateGold.com GOLD Gold rallied today on Greek debt concerns and in the face of a sharp increase in the U.S. Dollar (versus the Euro) and a $5 drop in Crude Oil. Gold is proving to be the ultimate safe haven in time of crisis.  At 11am PDT gold was trading at […]

By June 15, 2011 0 Comments Read More →
Daily Bullion Market Update 6/14/11

Daily Bullion Market Update 6/14/11

By Barry Stuppler – MintStateGold.com GOLD As of 11am PDT today, Gold was trading at $1,522.80, up $4.40 an ounce on active trading. Gold reached $1,511 in Asian trading this morning before demand drove the price higher. Surprisingly the Gold market shook off this morning’s negative Chinese economic news and central bank tightening. Gold appears […]

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