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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 - 9/26/16

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

Demand for Gold could turn red hot thanks to the war on cash

Gold seen entering a long-term bull cycle

 

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

 

GOLD

Last Wednesday morning, Gold jumped $10 after the Bank of Japan announced they will be introducing a zero interest rate target for ten-year government bonds. With most of the world's largest central banks going to zero or negative interest rates, it will be very difficult for the Fed to increase interest rates anytime soon. Then early Wednesday afternoon, the Federal Reserve stated that it is not raising interest rates now and also lowered its projections for future rates until 2019. After the Wednesday Fed statement, Gold rallied an additional $16 on Thursday.

Last week, Gold closed at $1,341.70 per ounce, up $31.50 per ounce for the week and up $281 (26.54%) for the year. This week I look for Gold to consolidate last week's gain, and then start moving towards the key $1,350 per ounce resistance level.

As we approach what I feel will be the start of the 2016 Fall/Winter rally, let's recap Gold's trading in 2016. From January 1st to August 2nd of this year, Gold increased $312.60 per ounce (29.5%), from $1,060 to $1,372.60. From August 2nd to September 16th, Gold traded between $1,309 and $1,370 per ounce, consolidating its 29.5% increase. During the past 2 months, Gold has built an excellent base for its next leg higher in 2016, and I continue to think that Gold will reach $1,500 per ounce by December.

Today: This morning Gold continues to build its base in the $1,340 per ounce price area. Physical demand for Gold investment products is growing in Asia and Europe. Gold is currently trading at last Friday’s price levels.

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SILVER

Last week, after the Federal Reserve announcement, Silver rallied $0.95 per ounce, closing at $19.81 per ounce on Friday. At one point last Thursday, Silver reached a high of $20.15 per ounce. Currently, some professional traders are selling into Silver rallies above $20 per ounce. So, I expect to see Silver trading between $19.25 and the $20 support/resistance level for the short term.

Considering the 43% increase in the Silver price since the beginning of the year, I believe the summer price consolidation has been very healthy for the long term. Once Silver firmly moves above the key $20 long term resistance level, I expect to see it quickly reach its July 5, 2016 high of $21.23 per ounce before the end of October.

Last week, the Silver/Gold ratio increased to 67.72-to-1.

Today: Silver tested its recent support level of $19.40 this morning, reaching a low of $19.39. At that price level, bargain buyers appeared and quickly took the price up $0.15 per ounce. I look for Silver to take another run at the $20 per ounce resistance level later this week.

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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 - 9/19/16

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

Gold would perform well under Trump presidency

Gold prices poised for a break higher?

Gold still a good hedge when volatility rises

 

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

 

GOLD

Last week, Gold closed at $1,310.20 per ounce, down $24.30 per ounce for the week, but still up $249 for the year. Trading volume has picked up since Labor Day, though trading focus is still on the Federal Reserve update on the direction of interest rates, which is coming this Wednesday. Based on strong Asian buying recently, I expect to see the Gold price trade higher on Monday’s open. However, with trader’s concerns about a Fed September rate increase, Gold could test its $1,300 per ounce support level before Wednesday’s announcement.

As we approach what I feel will be the start of the 2016 Fall/Winter rally, let’s recap Gold’s trading in 2016. From January 1st to August 2nd of this year, Gold increased $312.60 per ounce (29.5%), from $1,060 to $1,372.60. From August 2nd to September 16th, Gold traded between $1,309 and $1,370 per ounce, consolidating its 29.5% increase. During the past 1 ½ months, Gold has built an excellent base for its next leg higher in 2016, and I continue to think that Gold will reach $1,500 per ounce by December.

On Wednesday, I believe the Federal Reserve will announce that there will be no increase in interest rates until December. After that Fed announcement, Gold should quickly move up $10 to $15 per ounce.

Today: This morning Gold opened higher due to a weaker U.S. Dollar. There are still concerns that the Fed (which is meeting on Tuesday and Wednesday) is expected to give a clear signal of future interest rate increases to come, possibly in December.

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SILVER

Last week the Silver market saw a bull/bear war around the key $19 per ounce level. The bears won the war last week as Silver could not close above the $19 level by Friday. Silver closed at $18.86 per ounce on Friday, down $0.51 for the week, but still up $5.08 for the year. However, the bull/bear battle isn’t over. Asian and European bargain buyers are aggressively buying Silver under $19 per ounce, and a major move higher in Gold after the Fed announcement will definitely drive the Silver price higher.

Considering the 40% increase in the Silver price since the beginning of the year, I believe the summer price consolidation is very healthy for the long term. Once Silver firmly moves above the key $20 long term resistance level, I expect to see it quickly reach its July 5, 2016 high of $21.23 per ounce before the end of October.

Last week, the Silver/Gold ratio increased to 69.46-to-1.

Today: Silver rallied sharply this morning on fresh bargain buying in Asia and a weaker U.S. Dollar. Silver needs to remain above the important $19 per ounce level to stay short term bullish.

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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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Weekly Market Report - 9/12/16

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

More Disappointing U.S. Data Propelling Gold Towards $1,350

Avoid Paper Gold - "Gold Delivery" Refused by Gold Exchange Traded Commodity

Is $10,000 Gold on the Horizon? One Commodities Expert Says Yes!

 

This Week’s Headlines:

Gold
Silver
Rare Coin Report
Recommended Investment Commitment and Diversification

 

GOLD

Last week was very volatile for precious metal traders. Gold rallied to show a $27 per ounce increase on Tuesday, based on indications that the Federal Reserve would leave interest rates unchanged. Then, on Wednesday, Thursday and Friday, Gold declined $19.50 as positive economic data caused professional traders to sell on concerns that the Federal Reserve would raise interest rates. For the week, Gold closed up $7.80 per ounce, at $1,334.50 per ounce.

After Tuesday, as the Gold/Silver prices declined, the DJIA fell dramatically, down 453 points in Wednesday to Friday's trading. That's interesting because historically, when the DJIA increased, the precious metal markets declined. But now, both precious metals and the equity markets are more affected for the short term by any increase in interest rates by the Federal Reserve than other primary fundamentals. If the Federal Reserve does raise interest rates this month, Gold could see a quick test of its $1,300 support level, which would be an excellent opportunity to add to your holdings.

$1,350 per ounce continues to be a key short term price level for Gold. As we move out of the summer months, Gold will see stronger demand from jewelry manufacturers, hedge funds, and commodity traders. I still expect to see Gold reach $1,500 per ounce by year end and continue moving higher in 2017, regardless of who becomes our new president.

Today: This morning Gold opened lower while trading in a narrow $10 high/low range. Physical demand for Gold investment products is growing in Asian, European, and U.S. markets.

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SILVER

Silver pretty much mirrored Gold's volatility last week. Last Tuesday, Silver reached a high of $20.22 per ounce, followed by hitting a low of $19.08 on Friday. The Silver price closed last Friday at $19.37 per ounce, unchanged for the week. Considering the 40% increase in the Silver price since the beginning of the year, I believe the summer price consolidation is very healthy for the long term. Once Silver firmly moves above the key $20 long term resistance level, I expect to see it quickly reach its July 5th high of $21.23 per ounce before the end of October.

Last week, the Silver/Gold ratio increased to 68.90-to-1.

Today: Silver reached a low this morning of $18.71 per ounce before finding bargain buying in Asia and Europe. Silver needs to move back above the $19 per ounce level to regain its short term bullish support.

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Rare Coin Report

Last week David and I attended the September Long Beach Expo, one of the last major rare coin conventions of 2016. Both the trading bourse floor and the auction were very active. Hundreds of the major rare coin dealers and thousands of collectors and investors were pleasantly surprised by the trading activity. Many dealers report a shortage of high grade certified Gold and Silver rarities in many of the popular series.

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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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Weekly Market Report - 9/6/16

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

U.S. Mint sells last 2016 American Eagle platinum bullion coins

India preparing comprehensive Gold policy

China can and will confiscate Gold from SGE, banks & Chinese citizens, when it suits them

Why Gold could be worth $1,700/oz: Deutsche

 

This Week’s Headlines:

Gold
Gold's 14 most bullish fundamentals
Silver
Rare Coin Report
US Mint releasing Standing Liberty 2016 Gold Centennial
Recommended investment commitment and diversification

 

GOLD

I've said numerous times that Gold had a strong possibility of hitting its $1,300 per ounce long term support level by Labor Day. Gold did reach a low of $1,302 per ounce on Thursday, Sept 1st, a 2-month low for Gold. By late Thursday, Gold had rallied back to $1,317 and continued the rally on Friday, closing at $1,326.70 for the week. It is important to note that Friday's Gold rally was on the largest trading volume of the week, 234,793 hundred-ounce December CME contracts. Gold was actually up $1.20 for the week.

European and Asian trading during our September 5th Labor Day holiday confirmed that Gold's Sept 1st low of $1,302 (on heavy volume) was the clean out I'd been anticipating. What do I expect to see from here? I look for Gold to gradually work its way back above the $1,350 per ounce level very soon, and consolidate in that area. Gold should then build a base in the $1,340 to $1,370 per ounce range, getting ready for another attempt at the $1,400 resistance level.

Today: This morning Gold opened strong in Asian trading and continued that strength in European and U.S. markets. Gold demand from jewelry manufactures picked up dramatically after the August holidays. Gold reached a high of $1,352.60 on excellent demand today.

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Gold's 14 most bullish fundamentals

  1. Physical demand for Gold and Silver investment products is at the strongest level in years. Many world mints report record 2016 sales for bullion coins, showing double digit percentage increases this year. Sales of U.S. Eagles ending Sept 2nd, 2016 are up 9% for Gold.
  2. Worldwide interest rates are at historic lows, with nine major countries quoting negative interest rates.
  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 continues to drop, filling heavy physical demand. This could soon cause a short squeeze on sellers of Gold.
  7. ETF (paper) Gold investors have been aggressively buying in 2016, with GLD holdings increasing 292 metric tons since January 1st; up 45.5% in eight months.
  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. The U.S. Dollar is continuing its recent trend of weakening against the Euro, which will increase premiums on Gold, especially on the British, French, and Swiss pre-1934 Gold coins.
  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? Gold is up 25% and Silver is up 40% this year, compared to a 5% increase in the NASDAQ.
  11. More countries are repatriating their Gold being held at the NY Federal Reserve Bank.
  12. Brexit is causing uncertainty in the financial world and driving conservative investors into a proven safe haven, Gold.
  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.
  14. In the Basel III agreement, which is being implemented by the world banking system from 2013 to 2019, Gold will be upgraded from a Tier III asset to a Tier I asset. This will encourage many large banks to increase their Gold holdings.

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SILVER

Silver hit its recent low of $18.37 per ounce on Monday, August 29th. Even in the face of traditional summer weak trading volume, Silver found lots of bargain buyers last week. Silver closed last Friday at $19.36 per ounce, up $0.72 for the week, and a $5.59 (34%) increase since the beginning of 2016. The Silver price performed very well early last week in the face of the weakness in Gold trading.

How do I expect the Silver price to perform this month and for the remainder of the year? I look for a little more price consolidation between $19 and $20 per ounce this week. Once Silver firmly moves above the key $20 long term resistance level, I expect to see Silver quickly reach its July 5th high of $21.23 per ounce before the end of October.

Last week, the Silver/Gold ratio increased to 68.51-to-1.

Today: Silver moved higher this morning, reaching a high of $20.14 per ounce. Physical and paper Silver demand should pick up as we move into the fall months. This is the first attempt to break $20 per ounce.

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Rare Coin Report

This week David and I will be attending the September Long Beach Expo, one of the last major rare coin conventions of 2016. After an exciting ANA convention in Anaheim last month, I expect to see a very active trading bourse floor. With hundreds of the major rare coin dealers and thousands of collectors and investors, I'm hoping to pick up many of the undervalued $20 Gold Saints, and Morgan Dollars, to build up our inventory and fill clients' want lists. If you are in the Long Beach, California area on Sept 8th or 9th, please visit us at Table 826

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U.S. Mint releasing Standing Liberty 2016 Centennial Gold coin

This coming Thursday, Sept 8th, the U.S. Mint will be releasing a 1/4oz Gold Standing Liberty 2016 Centennial coin for the 100th anniversary of the 1916 Standing Liberty Quarter design. Prices for this coin should be released within the next 24 to 48 hours. Based on the fact that the Mint is producing 100,000 coins and limiting purchases to a maximum of 1 per household, we expect to initially see prices spike on these coins. We are encouraging our clients that are interested in this coin to wait, as we expect to see prices correct, enabling us to offer them to you in about 3-6 months, graded a perfect MS70 First Strike by PCGS, at a much more affordable price after the market settles.

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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.

Back to top of report