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 Mint State Gold by Stuppler and Co

Mint State Gold by Stuppler and Co

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 Major wholesaler of precious metals and rare coins. Specializing in Gold, Silver, Platinum, and Palladium bullion, coins, bars, and rounds. Huge inventory of investment & collector quality rare coins, including Morgan & Peace Silver $1 Dollars, $10 and $20 U.S. gold coins, and Ultra Rarities.

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  • Weekly Market Report

Read the Daily Market Blog too, for Daily Gold and Silver spot prices and market updates.

Weekly Market Report - 9/18/17

Links to recent informative articles on precious metals and rare coins:

Why the Price of Gold By 2020 Will Blow Your Socks Right Off

Goldman Sachs: Physical Gold Is the “True Hedge of Last Resort”

Merrill Lynch Keeps $1,400 Target Even as Gold Eases on Profit-Taking

The Surprising Rationale Behind a Million-Dollar Bet on Silver

Why Do Coins of the Same Grade Have Different Prices?

 

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

 

GOLD

Last week Gold traded between $1,316 and $1,340 per ounce, as it continued to build a base after recent gains, taking it above the important $1,300 level. Gold closed last Friday at $1,321, up $3 from the start of September, and up $173 (15%) since the beginning of the year. A stronger U.S. Dollar and a small increase in U.S. interest rates caused the Gold rally to stagnate last week. If the U.S. Dollar continues to move higher this week, Gold could test the $1,300 major support level.

On September 12th, Bank of America's Merrill Lynch research division stated, “We believe the yellow metal is on track to hit our $1,400/ounce target in the coming months.” Merrill Lynch commented that further weakness in the U.S. Dollar will help Gold continue its recent uptrend. Plus, their research shows, “Non-commercial futures positions have pushed higher and z-score suggests that Gold is not overbought. Keeping in mind our price model, which estimates fair value Gold quotations on U.S. real rates, USD [U.S. dollar], volatility and oil prices, we note that support for the yellow metal has increased.” A link to the full article is shown at the top of this report.

Today: This morning the U.S. Dollar continues its recent move higher and interest rates have ticked higher, causing the world's equity markets to move higher and Gold to move lower. Gold has hit a low of $1,306 per ounce, and a possible test of the important $1,300 support level is on the horizon.

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SILVER

Unlike September's first trading week, this past week Silver couldn't close above the important $18 per ounce resistance level. Last week, Silver closed all five trading days in a 20-cent high/low range, between $17.85 and $17.65 per ounce. Last Friday, Silver closed at $17.65, down $0.42 for the week. I would call last week's Gold/Silver trading a consolidation week and expect to see a resumption of the rally this week.

The Gold/Silver ratio has increased to 74.87-to-1.

Today: Silver followed Gold lower this morning, reaching a low of $17.05 per ounce. Silver is being more negatively affected by the increase in the U.S. Dollar than Gold when you compare the percentage changed of the two metals.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 55%, Silver 35%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 9/11/17

Links to recent informative articles on precious metals and rare coins:

Gold Hits Highest in a Year as Rate Hike Expectations Ebb

In Gold We Trust: How the 'Entire Western Monetary System is a Fraud'

Gold Hits One-Year Peak as Dollar Drops on Weak U.S. Jobs Data

 

This Week’s Headlines:

Gold
Silver
Rare Coin Report
Recommended investment commitment and diversification

 

GOLD

September has started out with Gold continuing to set new 1-year highs. After Monday’s Labor Day holiday Gold rallied $14 on Tuesday, with trading volume hitting a record 559,388 hundred-ounce December CME contracts (almost 56 million ounces). Gold closed last Friday at $1,346 per ounce, up $28 for the week and up $197 (17%) since the beginning of the year. Friday, Gold actually reached a high of $1,358.50 before selling appeared.

Last Thursday and Friday Gold made two unsuccessful attempts to break above the key $1,350 per ounce resistance level. Historically, before making a third attempt to break above an important precious metal resistance level, I would expect to see a test of recent lows. Gold’s recent low was $1,331 per ounce.

Some of the key reasons for this Gold rally are a 32-month low for the U.S. Dollar, record low interest rates, and the 10-year Treasury bill yield being very close to the 2% level, a two-year low. Concerns about North Korea have also increased Gold investment product buying around the globe.

Today: Gold sold off today as the Dollar and interest rates recovered from recent lows. Gold reached a low of $1,331 per ounce this morning before bargain buyers stepped in.

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SILVER

Last week, Silver pretty much mirrored Gold’s up and down moves. For the week, Silver was up $0.31 per ounce to close Friday at $18.02 per ounce. Silver closed last Thursday and Friday above the important $18 resistance level, reaching a high of $18.19 on Friday. If Gold tests support at $1,331, I would expect to see Silver test the $17.70 level. Silver is now up $2.13 (13.35%) for 2017, but well below the 2017 high of $18.66 reached on April 17th. Like Gold, Silver definitely needs some price consolidation this week before moving higher.

The Gold/Silver ratio has increased to 74.56-to-1.

Today: Silver followed Gold lower this morning, reaching a low of $17.69 before seeing serious buying.

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Rare Coin report

David and I just returned from the Long Beach Coin Expo show. Trading activity was light because many of the dealers from Texas and Florida weren’t able to attend. However, many collectors and investors were aggressively looking for good values in Silver and Gold rare coins. With the Gold price up $90 and Silver up $1.90 in the last month, many better date coins aren’t yet reflecting this increase. Coming out of the slow summer months, this trading anomaly should self-correct soon. So, both David and I were active buyers.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 55%, Silver 35%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 9/5/17

Links to recent informative articles on precious metals and rare coins:

Investors Return: U.S. Silver Eagle Sales Surge Over Past Two Days

$5,000 Gold – Then $10,000. Gold Bulls Sing From Same Songbook

World’s Biggest Hedge Fund Buying Gold

Silver Prices Notch Fresh 12-Week Highs as Dollar-Plunge Continues

The Battle for India's $45 Billion Gold Industry Has Begun

Trump Shutdown Threat is a Win-Win for Precious Metals Owners

Even Another Flash Crash Can’t Keep Gold Price Down

 

This Week’s Headlines:

Gold
Silver
U.S. 1oz Palladium Eagle going on sale
Recommended Investment Commitment and Diversification

 

GOLD

August was a super month for Gold investors with Gold rallying $49 per ounce during the month. The rally continued on Friday with Gold closing at $1,330, a new 2017 high for the year, and a $179 (15.5%) increase since the beginning of the year. We are definitely seeing Gold and Silver off and running as more professional traders, hedge funds, and experienced traders are all stepping up to the plate.

All the fundamentals for a continued move to the $1,400 per ounce level are in place: a weaker U.S. Dollar (92.76), the lowering of the 10-year treasury bond interest rates (to 2.10%), and the geopolitical problems with North Korea. There are also a couple new bullish facts: Bridgewater Associates, which has $160 billion in assets under its management, has become bullish on Gold, and Tuesday’s CME trading volume set a 2017 record high for the December contract with 445,127-hundred-ounce Gold contracts traded (over 44 million ounces).

What I would like to see this coming week is for Gold to trade between $1,310 and $1,350 per ounce. After the recent $49 rally in August, this week it would be excellent to see some price consolidation while building a firm base for the next move above $1,350, on the way to $1,400 per ounce.

Today: As the U.S. Dollar and interest rates continue to drop, Gold is trading in a narrow $10 high/low range from $1,328 to $1,338 per ounce. This is the highest price Gold has traded at since September 26, 2016.

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SILVER

Silver investors had to be happy with the price increase in August. Silver was up $0.79 (4.7%) for the month, closing above the key $17 resistance level at $17.57 per ounce. Silver continued the rally on Friday (Sept 1st) closing the week at $17.81 per ounce. Silver is now up $1.83 (11.4%) for 2017, but well below the 2017 high of $18.66, reached on April 17th. Like Gold, Silver definitely needs some price consolidation this week. If Silver could trade between $17.50 and $18 per ounce this coming week, it would be bullish for the long term.

The Gold/Silver ratio has increased to 74.67-to-1.

Today: Silver moved over $18 per ounce this morning, the first time since April 21, 2017. Silver is trading today between $17.76 and $18.04 per ounce. $18 is a key resistance level for the long term move of Silver up to $20.

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U.S. 1oz Palladium Eagle going on sale

The U.S. Mint Acting Deputy Mint Director stated last month that The United States Mint will start selling American Eagle 1oz $25 Palladium coins to authorized mint distributors in September. This bullion coin will be minted in Philadelphia without a mint mark. However, there will be a proof version issued in 2018 from the West Point Mint, with a W Mint Mark. The obverse design is similar to the Mercury Dime with the reverse displaying an eagle (see image below).

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 55%, Silver 35%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 8/7/17

Next Weekly Market Report will be Sept. 5th

Starting Wednesday, I’ll be out of the country on vacation for the remainder of the month. The office will be open. My son David and our staff will continue our normal business of buying, selling, and filling orders. The Weekly Market Reports will resume on Sept 5th.

Links to recent informative articles on precious metals and rare coins:

“Inflate or Die,” Peak Silver and Gold’s Coming Breakout

Gold Outperforming Stocks YTD as Dollar has 5th Monthly Decline

Gold Demand Trends Q2 & H1 2017

PRECIOUS-Gold at 7-Week High After Tepid U.S. Economic Data

 

This Week’s Headlines:

Gold
Silver
Rare Coin Report
I’m honored to become President of the PNG
Recommended Investment Commitment and Diversification

 

GOLD

Last Friday, as Gold approached its recent high of $1,280 per ounce some news overshadowed the rally. On Friday, it was announced that the U.S. employment rate was up, gaining 209,000 new jobs in July, and then fresh buying hit the equity markets because the Dow Jones Industrial Average Index was trading above 22,000. Both of these issues, plus the U.S. Dollar Index rallying back above 93, caused the Gold price to immediately drop $15 per ounce, to $1,258. Just before the end of trading Friday, a number of professional commodity traders were buying to cover short sales from Tuesday when Gold reached $1,280.

I continue to believe Gold will trade between $1,250 and $1,280 per ounce in August, building a firm base for the next move to the $1,300 per ounce resistance level. I still believe we will see $1,400 before year end, but there are lots of geopolitical and monetary issues that could cause it to happen earlier.

Today: Gold is trading in a very narrow $4 high/low range today, between $1,259 and $1,255 per ounce. After Friday’s $12 per ounce drop, the Gold market is building up support above the $1,250 level.

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SILVER

Silver broke below the key $16.50 per ounce support level on Friday, reaching a low of $16.17. This was caused by the same news that drove down Gold. At that point, bargain buyers appeared and the Silver price moved up, closing at $16.25 per ounce. Silver badly needs to move back above $16.50, or it will surely test the $16 support level. Precious metal trading during July and August is showing that Silver has far more volatility than Gold, but Gold is setting the direction of the move.

The Gold/Silver ratio has increased to 77.78-to-1.

Today: Silver reached a low of $16.11 per ounce this morning before bargain buyers got aggressive and took the price back to $16.25 per ounce.

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Rare Coin Report

Last week, I attended the largest rare coin convention of the year. The American Numismatic Association hosted the World’s Fair of Money in Denver, Colorado. This convention had over one thousand rare coin dealers and tens of thousands of collectors and investors in attendance. The rare coin market is definitely active with sizeable fresh buying of investment quality U.S. Gold and Silver rare coins. I look forward to a great fall and winter market.

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I’m honored to become President of the PNG

At the American Numismatic Convention in Denver last week, the newly elected board of the Professional Numismatists Guild (PNG) met and elected me to a two-year term as President of the PNG. The PNG is the largest association of Numismatic Dealers in the world. The PNG has a strict Code of Ethics, standards and bylaws, and all new members must be approved by the membership. After being elected, I discussed my future plans for the Guild with the board and received strong support from them.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 55%, Silver 35%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 7/31/17

Links to recent informative articles on precious metals and rare coins:

Gold: It's Time!

Gold is Still the “Star of the Commodity Universe”

China H1 2017 Silver Imports Climb to Highest Level in Nearly Seven Years

Silver is About to Test the Recent Positive Sentiment

Turkey is Buying Gold Like There’s No Tomorrow

 

This Week’s Headlines:

Gold
Silver
Rare Coin report
Recommended Investment Commitment and Diversification

 

GOLD

Another great week for Gold investors as the price stayed above the key $1,250 per ounce support/resistance level. After testing the $1,200 support level on July 10 (when Gold hit a low of $1,204) Gold has gradually moved higher. On Friday Gold closed at $1,268.40, up $64 from the July 10 low, and $116.70 (10%) higher since the beginning of 2017. Much of the July Gold rally was caused by a weak U.S. Dollar, lower interest rates, and the SPDR withdrawals (see below).

An interesting bullish Gold trend became very clear to many professional commodity traders last week. The Gold holdings of SPDR Gold Shares ETF (GLD), the world’s largest Gold ETF, are dropping as investors and central banks are taking physical delivery. SPDR had 867 tonnes in its depositories in mid-June, and last Thursday they announced it had dropped 71.57 tonnes in the past five weeks. That caused the Gold price to immediately increase $15. If this trend continues, it could be a major bullish factor for Gold.

In August, I see Gold trading in the $1,250 to $1,280 per ounce range, building a firm base for the next move to the $1,300 per ounce resistance level. I still believe we will see $1,400 before year end, but there are lots of geopolitical and monetary issues that could cause it to happen earlier.

Today: As the U.S. Dollar Index continues to fall (93.19), Gold is holding well above the $1,265 price level. The next short-term resistance level for Gold is $1,280 per ounce, which it should cross later this week.

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SILVER

Silver had a very difficult time staying above the key $16.50 per ounce support level last week and closed below that level twice, reaching a low of $16.23 on Tuesday. However, Silver managed to move higher by Friday, closing at $16.69 per ounce, up $0.24 for the week. Hopefully, Silver will continue to stay above the $16.50 level in August, and trade in a $16.50 to $17.00 range while consolidating the July rally.

The Gold/Silver ratio has decreased to 75.97-to-1.

Today: Silver continued to move higher, reaching a high of $16.91 per ounce, but quickly sold off down to a $16.80 to $16.85 trading range. A little consolidation couldn’t hurt in this price range.

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Rare Coin report

I am currently in Denver at the largest rare coin convention of the year. The American Numismatic Association is hosting the World’s Fair of Money in Denver, Colorado. This convention has over one thousand rare coin dealers and tens of thousands of collectors/investors in attendance. My son David and I will be at booth #269. If you are in the area, please stop by and say “hi” and spend some time enjoying all of the interesting numismatic exhibits. I am updating our company’s master Want List and plan on being an aggressive buyer for investment quality U.S. Gold and Silver rarities.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 7/24/17

Links to recent informative articles on precious metals and rare coins:

Russian Central Bank Still Adding to its Gold Reserves

"Why Gold Rose Sharply and What Is Coming Next"

“Time to Position in Gold Is Right Now”

Sprott Says Gold Might Break US$1,400, Driven by Correction in Equity Markets

 

This Week’s Headlines:

Gold
Silver
Rare Coin Report
Recommended Investment Commitment and Diversification

 

GOLD

What a great week for Gold investors with Gold up all five days. Gold has moved from $1,217 on July 13th to $1,253 today, a $36 (3%) rally in just six trading days. What is very important is on Friday Gold broke above the $1,250 per ounce resistance level. The key factor that has helped the recent Gold rally is the weakness of the U.S. Dollar. The U.S. Dollar index closed Friday at 93.68, the lowest level this year, down 8%.

Many professional commodity traders became aggressive on Monday when Gold rallied above $1,235 per ounce with sale orders just under $1,250. As Gold approached $1,250 per ounce on Friday, many of the professional traders took short-term profits and closed their positions going into the weekend. They will be back on Monday assessing the Gold/Silver markets. Gold should test the $1,250 support level next week, but I think Gold will hold the $1,250 level, consolidating the recent gains for the balance of July, then start moving toward $1,300 per ounce.

Today: As the U.S. Dollar Index continues to fall (93.65), Gold continues to move higher, the Gold rally moves higher. This morning Gold moved firmly above the $1,250 per ounce level, reaching a high of $1,259 before seeing light selling.

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SILVER

Silver quickly moved back over the $16 per ounce resistance on Monday, tested it twice, but held for the balance of the week. Silver, like Gold, was up for the past six trading days, increasing $0.77 since July 14th. Silver closed Friday at $16.45, the highest close of the week, up $0.52 (3.3%) for the week. Silver needs to consolidate its recent gains and then start moving back towards the next resistance level of $17 per ounce.

The Gold/Silver ratio has decreased to 76.25-to-1.

Today: Silver continues to move above and below the key $16.50 resistance level. Today, Silver hit $16.63 and sellers appeared driving the price down to $16.40 and then buyers became very aggressive.

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Rare Coin Report

Between July 31 and August 5, the largest rare coin convention of the year will be happening. The American Numismatic Association will be hosting the World’s Fair of Money in Denver, Colorado. This convention will have over one thousand rare coin dealers and tens of thousands of collectors/investors in attendance. My son David and I will be at booth #269. If you are in the area, please stop by and say “hi” and spend some time enjoying all of the interesting numismatic exhibits. I am updating our company’s master Want List and plan on being an aggressive buyer for investment quality U.S. Gold and Silver rarities. I recommend you update your numismatic want list and email it to me by Wednesday, July 26.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

Back to top of report

Weekly Market Report - 7/17/17

Links to recent informative articles on precious metals and rare coins:

Next Gold Bull Market Driven by Equity Correction

Duffy: "Gold Should be $5,000"

Gold Futures Jump After Yellen's Remarks

World Official Gold Holdings

 

This Week’s Headlines:

Gold
Silver
July 2017 CoinStats is now available
Rare Coin report
Recommended Investment Commitment and Diversification

 

GOLD

After reaching a low of $1,204 last Monday, Gold started on the road back to $1,300 per ounce. Gold closed Friday at $1,227.50 (the highest for the week), up $18 for the week. Gold and Silver’s move higher was helped by a combination of Janet Yellen’s congressional statement that “considerable uncertainty always attends the economic outlook,” and a disappointing June Consumer Price Index.

Last week’s testing of the important $1,200 support level was the third attempt to break this important support level since April, and Gold held all three times. Now, as Gold moves higher, reaching the important $1,300 resistance level by August will also be the third attempt since April to break this important resistance level. I believe the third attempt to break $1,300 will be successful, and Gold will build a base above $1,300 for the next move higher.

Today: Lower 10-year U.S. Bonds and a lower U.S. Dollar Index are helping Gold move above the $1,230 level today. With Gold on the road to a $1,300 resistance level in August, the next important short-term resistance level for Gold is $1,250 per ounce.

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SILVER

After reaching a 2017 low of $14.34 on July 7, last week Silver did find fresh buying and built a base above $15.60 per ounce all five trading days, as I mentioned in last week’s Market Report. Silver closed on Friday at $15.93 per ounce, up $0.51 for the week. Now, I believe Silver will quickly move back above the key $16 level this week and build a new base.

The Gold/Silver ratio has decreased to 77.04-to-1.

Today: Silver quickly moved above the $16 level today, reaching a high of $16.23 per ounce in early trading. Now, I look for a little consolidation above $16 for three to four trading days. This would allow fresh investor buying.

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July 2017 CoinStats is now available

Our numismatic CoinStats report is the best investment tool for rare coin investors. CoinStats is an in-depth statistical analysis of popular rare coin series that allows you to identify the best values in certified rare coins. I am proud to offer this unique and informative tool exclusively to our clients. CoinStats has been updated for July 2017 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS/NGC certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just put the word CoinStats in the subject line and email me which of the six series you would like to see.

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Rare Coin report

Between July 31 and August 5, the largest rare coin convention of the year will be happening. The American Numismatic Association will be hosting the World’s Fair of Money in Denver, Colorado. This convention will have over one thousand rare coin dealers and tens of thousands of collectors/investors in attendance. My son David and I will be at booth #269. If you are in the area, please stop by and say “hi” and spend some time enjoying all of the interesting numismatic exhibits. I am updating our company’s master Want List and plan on being an aggressive buyer for investment quality U.S. Gold and Silver rarities. I recommend you update your numismatic want list and email it to me by Wednesday, July 26.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 7/10/17

Links to recent informative articles on precious metals and rare coins:

Gold Down After Upbeat U.S. Jobs Data; Silver Suffers Overnight Flash Crash

What 4-Month Low? BoA/ML Still Sees Gold at $1,400 in Second Half

Gartman Says Gold Will Move 'Quietly Higher'

SA Gold Mines are on the Brink of Death

Tax Policy Change in India Could Boost Gold Demand

 

This Week’s Headlines:

Gold
Silver
July 2017 CoinStats is now available
Recommended Investment Commitment and Diversification

 

GOLD

Last Monday, Gold dropped $23 per ounce, breaking below the important 200-day moving average of $1,230. Afterwards, Gold quickly dropped below $1,220, when the sentiment on the trading floor turned negative. Gold stayed negative for the remainder of the week, closing on Friday at $1,209.70 per ounce, down $32 for the week. On Friday, the U.S. Department of Labor released the June employment data, showing a 222,000 increase in jobs, which was much higher than expected. The U.S. Dollar and interest rates rallied and Gold dropped another $13.60 per ounce, closing on the week’s low of $1,209.70.

Based on the recent trading activity and volume, I think Gold will test its long-term support level of $1,200 per ounce this week. Remember, in March 2017 Gold tested the $1,200 support level, reaching $1,194 before rallying over $100 per ounce in a month. I believe this week Gold will see the third unsuccessful attempt to break below the key $1,200 per ounce level.

Today: This morning Gold hit a low of $1,204 in Asian markets on heavy volume. It appears that was the Gold price bottoming out. Trading activity is showing an inter-day reversal, which would be a bullish signal. I look for a little consolidation in the $1,210 to $1,220 level in the next few trading days, and then for Gold to start moving higher.

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SILVER

Last week was the worst week of 2017 for Silver investors, with Silver dropping $1.20 per ounce. Silver closed the week at $15.43 per ounce, the lowest price for Silver since April 11, 2016. At one point in the early morning trading on Friday, Silver had a flash crash or computer entry mistake that caused a trade of Silver under $14.50. Silver quickly moved back up over $1 and stabilized around $15.50 per ounce. On Friday, Silver’s trading volume was a record 153,255 CME September 5,000-ounce contracts; that’s over 750 million ounces. Traditionally, high volume is a sign of a clean out of weak hands, (stop-loss selling, due to margin calls) which is a very bullish sign.

I would like to see Silver build a new base in the $15.50 to $16 area this week, allowing fresh buying. Buying Silver investment products in the $15 to $16 price level is an extraordinary opportunity.

The Gold/Silver ratio has increased to a 2017 high of 78.42-to-1.

Today: This morning Silver hit a 16-month low of $15.14 per ounce before turning up on heavy volume. Silver quickly rallied $0.40 from the low on sizeable buying. Silver also appears to have had a very bullish inter-day price reversal and is finding heavy buying support above $15.50 per ounce.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

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REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 7/3/17

Links to recent informative articles on precious metals and rare coins:

Why Is Russia Buying So Much Gold?

Top money manager: Gold may hit $1,500 for first time since 2013

China May Silver imports hit best since Dec 2010

How much Gold do Americans own?

Swiss Gold exports jump 39% to 5-month high in May

Gold: A zero-risk monetary asset

 

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

 

GOLD

Last week Gold traded between $1,236.50 and $1,259 per ounce. Gold closed last Friday at $1,242.30 per ounce, down $14 for the week. It was a disappointing week for Gold investors. Although Gold traded above the key $1,250 per ounce level for four of the five trading days, it couldn’t hold that level on Friday. Gold is now in a defensive phase, with the possibility of testing the $1,220 level before turning higher. During this time, when Gold is in a short-term correction, it’s important to understand the many reasons that Gold is the best long-term investment vehicle. The following are 15 fundamental reasons you need to have Gold as one of your long-term investments.

Gold's 15 most bullish fundamentals

  1. Physical demand for Gold and Silver investment products is at the strongest level in years. Demand is primarily from Asian, Middle Eastern, and European markets.
  2. 11 states have passed, or have pending, legislation to make Gold and Silver legal tender.
  3. Global quantitative easing (money printing) in the U.S., China, Japan, and Europe is increasing debt at an unbelievable rate. The U.S. National Debt is approaching $20 trillion.
  4. The World Gold Council is reporting mine production falling dramatically as the cost of production rises.
  5. Central banks around the globe continue to trade their U.S. Dollars for Gold, thus building their Gold reserves.
  6. Stockpiles of Gold in depositories continue to drop, filling heavy physical demand. This could soon cause a short squeeze on sellers of Gold.
  7. Uncertainty over the future of President Trump is causing extra demand for physical Gold investment products around the globe.
  8. Chinese investors, the world's most aggressive Gold buyers, are switching out of equities into physical Gold and Silver. Gold buying is continuing to grow.
  9. Both the North Korean and Syrian problems could be explosive.
  10. The financial consultants, money/fund managers, and commodity professionals that are being interviewed in the financial media have become bullish on Gold and Silver. Why? Even at today's low prices, Gold is up 7.87% and Silver is up 4% this year.
  11. 10-year Treasury interest rates reached a 2017 low of 2.14%, while the U.S. Dollar Index is below 96, the weakest level this year.
  12. U.S. M2 money supply is accelerating, doubling from $6.5 billion to $13 billion in the past 10 years. After growing at 6% for the past couple of years, it has now grown to 8½% for the past year. This will lead to serious inflation and a much higher Gold and Silver price within the next 12 to 18 months.
  13. Many precious metal professionals and analysts strongly believe that China is accumulating massive amounts of Gold in an effort to replace the U.S. Dollar (as the world's reference currency) with the Chinese Yuan. If this happened, it would diminish the value of your U.S. Dollars. Last year, the International Monetary Fund (IMF) formally added the Chinese Renminbi to the basket of reserve currencies. If the Renminbi became the world's reserve currency, there would be a dramatic increase in the price of Gold valued in Dollars.
  14. In the Basel III agreement, which is being implemented by the world banking system between 2013 and 2019, Gold has been upgraded this year from a Tier III asset to a Tier I asset. This will encourage many large banks to increase their Gold holdings and make loans on Gold.
  15. Effective December 2016, over 100 million Muslim investors will be adding Gold to their holdings. A new Sharia Gold Standard was announced at the World Islamic Banking Conference.

Today: This morning Gold broke below the $1,230 per ounce 200-day moving average, quickly hitting a low of $1,221 before seeing short-covering and fresh buying. Since there was no significant negative news, today’s decline appears to be a final clean-out on light volume, ahead of the major move higher I have been waiting for.

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SILVER

Last week, Silver closed at $16.63 per ounce, down $0.02 on average trading volume. Silver traded in a narrow price range for the entire week, from $16.23 to $16.92 per ounce. Silver reached a high of $17.75 per ounce before the Federal Reserve June 14 announcement. Last week Silver was stable, while the price of Gold dropped $14. Silver has major support at $16 per ounce and resistance at $17 per ounce.

As we approach the summer months, Silver is showing weaker physical demand. Premiums on many of the popular Silver investment products have dropped in the past month. The premium on the popular U.S. 1oz BU Silver Eagles has dropped 10%, from $2.50 over spot to $2.25 over spot on minimum quantities of 100 coins. 20-coin rolls of Pre-1905 white PCGS MS63 Silver Dollars are available at only $1,040 ($52 ea.), and 5 rolls (100 coins) are available for $5,000 (only $50 each). Offer is subject to available supply.

The Gold/Silver ratio has decreased to 74.72-to-1.

Today: When Gold sold-off, Silver fell at a much faster rate, hitting a low of $16.09 before seeing bargain buying. Silver could reach its $16 per ounce support level before making the turn.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

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REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 6/26/17

Links to recent informative articles on precious metals and rare coins:

Gold Will Start Heading Higher On “Dwindling” Supply

Russia Adds Another 21.8 Tons to Gold Reserves in May

Traders Sent Gold Imports Soaring in May

President Trump Should Open Fort Knox Gold Vaults

India Said to Plan Gold Policy Overhaul for $19 Billion Sector

 

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment and Diversification

 

GOLD

Last week we saw Gold break below the key $1,250 support level, reaching a low of $1,241.70 per ounce. On June 6, Gold made its second attempt at breaking above the key $1,300 long-term resistance level, reaching a high of $1,298 before seeing profit taking. After June’s Federal Reserve announcement confirming more interest rate increases this year, the Gold price turned south. By June 21, the price of Gold hit $1,241.50, a $57 decline in 11 trading days. Then on June 22, Gold turned higher, moving back above the key $1,250 per ounce resistance/support level on the highest trading volume for the week. It’s important for Gold to continue to stay above $1,250 this week. Gold closed last Friday at $1,256.40 per ounce, up $0.10 for the week.

Demand for physical Gold continues to increase worldwide as China continues to lead other nations in increasing their Gold reserves. Last month, Russia added another 21.8 metric tons to its national Gold reserves, and Switzerland reported their Gold exports had jumped 39%, to 170 metric tons, based on demand from India. With Gold trading below $1,250 in late June, I would suspect that the central banks have been active buyers in June. Plus, the 10-year Treasury bond and the U.S. Dollar Index continue to decline, which will be helpful for the Gold price.

Today: Someone sold 56 tons of Gold (1.8 million ounces) in just 60 seconds this morning. Gold was trading at $1,255 at the time, and the price immediately dropped to $1,235. The exchange is trying to figure out if this was a legitimate sale, or an entry mistake. The price has since moved back to $1,244 per ounce based on a weaker U.S. Dollar.

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SILVER

Last week, Silver closed at $16.65 per ounce, down $0.01 on average trading volume. Silver traded in a narrow price range the entire week, from $16.32 to $16.76 per ounce. Silver reached a high of $17.75 per ounce before the June 14th Federal Reserve announcement. I think one of the main reasons Silver sold-off more than Gold was because of concerns about the inflation rate during Janet Yellen’s press conference. The Fed is disappointed with the current inflation rate, and was considering raising the target to 2%. Silver has always been considered to be the primary inflation hedge.

As we approach the summer months, Silver is showing weaker physical demand. Premiums on many of the popular Silver investment products have dropped in the past month. The premium on the popular U.S. 1oz BU Silver Eagles has dropped 10%, from $2.50 over spot to $2.25 over spot on minimum quantities of 100 coins. 20-coin rolls of Pre-1905 white PCGS MS63 Silver Dollars are available at only $1,040 ($52 ea.), and 5 rolls (100 coins) are available for $5,000 (only $50 ea). Offer is subject to available supply.

The Gold/Silver ratio has increased to 75.47-to-1.

Today: Silver reacted to the drop in the Gold price, reaching a low of $16.42 before moving back up. A weaker U.S. Dollar helped Silver to rally.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

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REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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Weekly Market Report - 6/19/17

Links to recent informative articles on precious metals and rare coins:

Credit Suisse Still Looks $1,400 Gold by Q4 2017

India Said to Plan Gold Policy Overhaul for $19 Billion Sector

Gold: On the Verge of Tearing Up Resistance

Gold Dips as Market Awaits Cues from Fed Meeting

 

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment and Diversification

 

GOLD

Since February of 2017, Gold has traded between $1,201 and $1,298 per ounce. During that period of time Gold has made two attempts to break above the key $1,300 per ounce resistance level. The third attempt at breaking above a key resistance level is usually the charm. The real question is: When will that third attempt happen? I believe it will be relatively soon.

Last Friday, Gold closed at $1,256 per ounce, down $15 for the week. Last Wednesday, Federal Reserve Chair, Janet Yellen, gave a very hawkish news conference. Gold immediately sold off and the U.S. Dollar rallied as she confirmed more interest rate increases this year. She also shared that the Fed will be shrinking the massive $4.5 trillion balance sheet. Gold immediately tested the $1,250 per ounce major support level then quickly rallied back.

Today: A firmer U.S. Dollar and a slight increase in interest rates have caused Gold to trade above and below the important $1,250 per ounce support level.

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SILVER

Last week, while Gold dropped $15 (1.17%) to $1,256, Silver dropped $0.56 (3.25%) to $16.66 per ounce. Silver had a difficult week, breaking below the $17 per ounce level on Monday and continuing to decline for the remainder of the week. Silver has traded between $16.06 and $18.66 since the beginning of 2017, showing active consolidation while building a base for a move back to $20 per ounce by year end.

As we approach the summer months, Silver is showing weaker physical demand. Premiums on many of the popular Silver investment products have dropped in the past month. The premium on the popular U.S. 1oz BU Silver Eagles has dropped 10%, from $2.50 over spot to $2.25 over spot on minimum quantities of 100 coins. 20-coin rolls of Pre-1905 white PCGS MS63 Silver Dollars are available at only $1,040 ($52 ea.), and 5 rolls (100 coins) are available for only $50 each. Offer is subject to available supply.

The Gold/Silver ratio has increased to 75.42-to-1.

Today: Silver tested its $16.50 support level this morning and held. Most of today’s Silver trading has been in the $16.60 to $16.70 price range.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

If you want to be updated on what is happening in the gold, silver, and rare coin markets any weekday, our company offers a daily blog Monday to Friday at Daily Market Update

 

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of the Stuppler & Company’s knowledge at this time.  Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein.  Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability.  All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

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