Bullion Articles and Precious Metal Reports

Daily morning commentary on gold, silver, platinum and palladium, as well as their closing prices in New York and London are provided in the following bullion articles and precious metals reports.

For the third straight week, gold and silver moved lower while platinum and stocks finished higher. Oil nearly joined the multi-week trend as it had climbed for two weeks, but then ended 27 cents lower in its latest weekly round. The London gold fixing was down 2.7 percent and silver dropped 4.4 percent. Platinum rose […]

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Gold slid lower Thursday, ending a holiday-shortened week and marking the yellow metal’s third weekly loss. In contrast, U.S. stocks jumped to conclude a fifth straight week of gains. Oil rallied back above $50 a barrel. In New York trading futures for bullion: Silver for May delivery lost a penny, or 0.1 percent, to $12.33 […]

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Gold climbed Wednesday along with nearly "everything else." In this report, the else is silver, platinum, oil and U.S. stocks. Most gains, however, were not exactly impressive. In New York trading futures for bullion: Silver for May delivery gained 13 cents, or 1.1 percent, to $12.34 an ounce. Gold for June rose $2.60, or 0.3 […]

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A veteran precious metals expert, Barry Stuppler of Woodland Hills, California, President of the American Numismatic Association, cautions there are many false and misleading statements repeatedly made about gold as part of a diversified portfolio. He believes we’ll see hyperinflation and gold at $2,011 an ounce by the end of 2011.

Barry StupplerWoodland Hills, CA — False and misleading statements about gold as part of a diversified portfolio are frequently repeated in the news media, according to Barry Stuppler, president of the non-profit, 32,000-member American Numismatic Association.

 

“Some of the hackneyed arguments against gold come from financial analysts who work for brokerage houses that have a vested interest in steering money toward equities they sell and away from physical gold ownership. Some news organizations are giving out the same incorrect or misleading comments,” said Stuppler, who is also president of Barry Stuppler & Company, Inc. of Woodland Hills, California, a rare coin and precious metals dealership.

 

Here are frequently encountered arguments against investing in gold and Stuppler’s responses based on his over 30 years of professional experience in the gold and silver markets.

Read the rest of this numismatic news article »

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Precious metals recovered Tuesday with gold gaining for the first time in four days despite a rising U.S. dollar and falling oil prices. Oil dropped below $50 a barrel. U.S. stocks retreated for the second day following a four-week gain. For the daily The New York bullion trading futures numbers: May silver gained 10 cents, […]

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Gains in gold were swiped away for the year on Monday as the yellow metal slumped as low as $865.10 an ounce. Silver was struck harder as it fell toward $12. Platinum, oil and U.S. stocks retreated as well. The U.S. dollar gained against other world currencies. The New York bullion trading futures say it […]

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For the second straight time, silver and gold ended lower on the week while platinum, oil and stocks finished higher. The London gold fixing was down 2.1 percent and silver dropped 2.7 percent. Platinum rose 2.5 percent. U.S. stocks rallied for the fourth consecutvie week. The Dow jumped 3.1 percent since last Friday’s close and […]

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Gold turned below $900 an ounce Thursday, but managed to attain higher ground, albeit, still coming up short on the day. The yellow metal fell with a sliding U.S. dollar. It was also hurt on news of the G-20 talks to shore up world economies, and their endorsement of the selling of 403 tons of […]

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Precious metals were little changed Wednesday as gold climbed slightly and silver shifted down a penny. In other markets, U.S. stocks rallied, platinum gained and crude-oil fell. In New York bullion trading futures: May silver fell 1 cent, or 0.1 percent, to $12.975 an ounce. Gold for April rose $3.50, or 0.4 percent, to $926.10 […]

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Gold climbed Tuesday for the first day in three, but closed down for the month of March. A weakened U.S. dollar helped gold’s appeal Tuesday, although it could not boost silver as it fell below $13 an ounce. In other markets, platinum, crude and U.S. stocks inched higher. In New York bullion trading futures: Silver […]

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