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Daily Bullion Market Update 12/21/11

By Barry Stuppler – MintStateGold.com


Gold stayed above $1,600 per ounce for the past 24 hours. Gold traded from $1,604 to $1,630 on heavy volume as the European Central offered unlimited three-year loans to banks, who were urged to take the funds as a part of emergence concerted efforts to ease severe strains across the Eurozone’s financial system. Eurozone banks need help to overcome €720bn worth of funding due to mature next year. At 11am PDT, gold is trading at $1,613.40 per ounce, down $2.60 on excellent volume.


It appears as Silver has established a $29 to $30 per ounce trading range. There is excellent buying at $29 per ounce, while $30 brings in silver sellers. At 11am PDT, silver is down $0.21, trading at $29.34 per ounce on normal volume.

Barry Stuppler
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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