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 Mint State Gold by Stuppler and Co

Mint State Gold by Stuppler and Co

 Maintained by:
 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 - 4/14/14

This Week’s Headlines:

Gold
Federal Reserve Minutes Drive Gold Higher
India Gold Import Duty Could Be Reduced
The April 2014 CoinStats is Now Available
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold stayed above the important $1,300 per ounce level the last four trading days of last week. Gold closed last Friday at $1,319 per ounce, up $15.50 with active trading.

Last Thursday, the Gold price was up $14.60 partly due to the increasing conflict in Eastern Ukraine when pro-Russians occupied government buildings. These Separatists were demanding a referendum on federalization. Russian President Putin put pressure on Ukraine by banning many agricultural goods and increasing natural gas prices by a phenomenal 80%.

Today, Gold jumped to a three-week high, reaching $1,331 per ounce, as mounting tensions over the weekend in Ukraine curbed investor appetite for risk, boosting Gold’s appeal as a safe haven asset.

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Federal Reserve Minutes Drive Gold Higher

In the Federal Reserve minutes released last Wednesday, April 9th, the Fed played down forecasts by some of its own policy makers saying that interest rates might increase faster than they had previously predicted. “Several participants noted that the increase in the median projection overstated the shift in the projections,” according to the minutes of the March 18-19 meeting of the Federal Open Market Committee released today. Some analysts have expressed concern that last month’s rate forecasts “could be misconstrued as indicating a move by the committee to a less accommodative reaction function.” This news also contributed to last Thursday’s $14.60 per ounce Gold increase.

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India Gold Import Duty Could Be Reduced

In India, the Bharatiya Janata Party’s prime ministerial candidate, Narendra Modi, who is strongly supported by India’s jewelry and bullion associations, will likely win the election, making the reduction of import duty on Gold more likely. He is widely believed to be able to push industrial reforms and more foreign direct investment into India, which bodes well for Indian wealth and therefore the demand for Gold.

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SILVER

The price of Silver traded from $19.60 to $20.40 per ounce all of last week. Many of the professional traders were shorting (selling) Silver 5,000 CME contracts when Silver crossed $20.15 per ounce. These traders covered those short sales by buying back the contracts when Silver traded below $19.90. This trade proved to be profitable for the professionals. Silver has recently been taking its price direction from Gold, with $20 per ounce continuing to be a major resistance level for Silver.

The Silver to Gold Ratio is now at 66.13 to one.

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The April 2014 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. The April 2014 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series.

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 PCGS/NGC Certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1936, that have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just insert CoinStats in the subject line and email me which of the five series you would like to see.

Also for 2014, I am happy to announce that I have increased the CoinStats analysis by adding a new column that shows the increase in the PCGS/NGC population for over the past five years. Investors realize that the PCGS/NGC population does increase, but comparing the percentage of that increase is an important component in the selection of undervalued Gold and Silver rare coins.

What is surprising? Some of the five year population results in the CoinStats report show that some coins have actually declined over that period. How could this happen? There are a number of legitimate reasons that a PCGS and/or NGC certified coin could have a lower population in a five year period.

  1. The coin could have been cracked out of its holder and re-submitted, but the owners never sent in the old certificate to the grading service so it could be deducted.
  2. The coin could have been upgraded or crossed and the owner never sent in the certificate.
  3. Because the new PCGS/NGC Plus grades are not yet incorporated into the CoinStats numbers, the coin may now have a Plus grade. (Plus grades will be added to CoinStats when the quantities increase)

Because I believe that CoinStats is one of the best tools for rare coin collectors and investors to recognize great value, I will continue to look for ways to provide more important information. Your input on CoinStats is always appreciated.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 4/7/14

This Week’s Headlines:

Gold
Estimates of Chinese Gold demand Growing
The April 2014 CoinStats is Now Available
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold spent last week trading between $1,279 and $1,307 per ounce while looking for a direction. On Friday, some fresh Asian Gold buying appeared taking the price to above the key $1,300 resistance level. By the time that it started trading in the U.S., Gold had closed the week at $1,303.50 per ounce, up $9.70 for the week. On the bullish side of the technical signals, Gold has successfully retracted 50% of its 2014 rally and held. I cannot emphasize enough how important it is that Gold remain above the important $1,300 per ounce support level this coming week.

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Estimates of Chinese Gold demand Growing

Estimates of Gold consumption by China have just been revised upward again. Analysis of the details discovered in historic information contained in the context of China's Gold strategy has allowed us for the first time to make reasonable estimates of vaulted Gold, comprised of Gold accounts in commercial banks, mine output, and scrap. There is also compelling evidence that mine output and scrap are being accumulated by the government in its own vaults, and not being delivered to satisfy public demand. Read the complete story by Alasdair Macleod at www.mintstategold.com/investor-education/chinesedemand

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The April 2014 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. The April 2014 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series.

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 PCGS/NGC Certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1936, that have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just insert CoinStats in the subject line and email me which of the five series you would like to see.

Also for 2014, I am happy to announce that I have increased the CoinStats analysis by adding a new column that shows the increase in the PCGS/NGC population for over the past five years. Investors realize that the PCGS/NGC population does increase, but comparing the percentage of that increase is an important component in the selection of undervalued Gold and Silver rare coins.

What is surprising? Some of the five year population results in the CoinStats report show that some coins have actually changed over that period. How could this happen? There are a number of legitimate reasons that a PCGS and/or NGC certified coin could have a lower population in a five year period.

  1. The coin could have been cracked out of its holder and re-submitted, but the owners never sent in the old certificate to the grading service so it could be deducted.
  2. The coin could have been upgraded or crossed and the owner never sent in the certificate.
  3. Because the new PCGS/NGC Plus grades are not yet incorporated into the CoinStats numbers, the coin may now have a Plus grade. (Plus grades will be added to CoinStats when the quantities increase)

Because I believe that CoinStats is one of the best tools for rare coin collectors and investors to recognize great value, I will continue to look for ways to provide more important information. Your input on CoinStats is always appreciated.

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SILVER

Silver continues to fight to stay above the $20 per ounce major support level. Last week Silver traded between $19.60 on the low and $20.23 on the high, closing the week at $19.94, up $0.16 per ounce. For the past two weeks Silver has reached the $19.60 price level five times and each time substantial buying has appeared. At some point this month, I believe that Silver will break out of its recent tight trading range -- my only hope is that it will be above $20 per ounce. However, any break below $19.50 could easily see a drop to $18.70, which was the Dec. 31, 2013 low.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 3/31/14

This Week’s Headlines:

Gold
2013 Worldwide Central Bank Gold Demand
Numismatic Update
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week’s Gold trading was very disappointing. The price broke down below the key $1,300 per ounce support level, closing on Friday at $1,295 per ounce, down $42 for the week. I spotted an interesting trend; this is the 4th quarter ending in a row (June 30th 2013, Sept 30th 2013, and Dec 31st 2013) when Gold closed at or near the lowest point. I can only explain this by saying that many mutual funds managers don’t want their investors to realize that they had invested their client’s funds in Gold earlier in the quarter. This strategy works since they report results quarterly. Based on this strategy we could see Gold reach the monthly lows today, followed by a nice rally during the balance of the week.

The market has not yet focused on increasing worldwide physical demand for Gold. The International Monetary Fund reported that Russia has increased its Gold holdings by 7.247 tonnes to 1,042 tonnes in February. Turkey and Kazakhstan also raised their bullion reserves. Turkey's Gold holdings rose 9.292 tonnes to 497.869 tonnes. More and more Central banks are running away from the U.S. Dollar and moving into Gold.

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2013 Worldwide Central Bank Gold Demand

The following is the 2013 Worldwide central bank demand for Gold:

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Numismatic Update

Last week I was at the Whitman Coin Expo in Baltimore, Maryland. This is a major coin convention, with over 400 dealers with tables on the bourse floor, along with thousands of collectors and coin investors in attendance. I spent Thursday morning through Saturday afternoon on the trading floor looking to fill client want list coins, as well as any of the CoinStats recommended U.S. Gold and Silver coins. I was only able to purchase 8 high quality Gold and Silver coins over my entire trip. The investment grade, high quality U.S. coins are just not coming out until we see much higher prices.

Many of the dealers that I spoke with who specialize in U.S. Gold and Silver rarities were embarrassed by the lack of quality coins that they were able to offer. A few of my friends, long time dealers, discussed their frustration with me about their inability to fill their client’s want lists. They were willing to pay more than current price levels had the coins been available. However, they agreed that we are now in the third year of a major bullish cycle for U.S. Gold and Silver rarities and they really want to build up their inventories. History has shown us that the average bull cycle for Gold and Silver U.S. coin rarities can easily run for 6-8 years.

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SILVER

Silver closed last Friday near the weekly lows, at $19.79 per ounce, down $0.52 an ounce. Like Gold, Silver dropped below its major support line ($20 per ounce) and wasn’t able to rally back on Friday. The last time Gold broke its $20 per ounce support level it didn’t come back up until it reached $18.72 an ounce. If Silver doesn’t turn back up by week’s end, we may see that level again.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 3/24/14

This Week’s Headlines:

Gold
Dennis Gartman turns Bullish on Gold
Palladium Soars on Russian-Export Worries
Numismatic Update
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week was definitely not enjoyable for Gold investors. Gold was down four of the five trading days, and dropped $43 per ounce (3.12%), closing the week at $1,336 per ounce. Gold is still up $14.40 for the month and $134.10 from the start of this year. Much of the credit for last week’s decline in the Gold price was due to Federal Reserve Chairman Janet Yellen’s press conference. Prior to the press conference Gold had reached $1,392 per ounce; after Yellen’s statement Gold dropped to $1,320 per ounce before bargain buyers began to appear.

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Dennis Gartman turns Bullish on Gold

CNBC’s Commodity Analyst, Dennis Gartman turned bullish on Gold just over a month ago; prior to that he’d been bearish in 2012 and non-committal from the start of the current year. He was quoted at the time as saying “I've quietly turned bullish on Gold for a few reasons. Firstly, beginning five and six weeks ago we started to see a lot of the mining companies— even the largest Gold mining companies— begin to curtail production. That's always a sign of an end of a bear market. When senior management at the largest Gold mining firms throw their hands up in dismay and begin curtailing production, usually within weeks the lows are going to be found. Decision by committee is always that way. It's slow; it takes time; and it's always late.”

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Palladium Soars on Russian-Export Worries

President Barack Obama ordered a second round of sanctions last Thursday against Russian officials and a bank, raising the stakes in the confrontation over Russia's annexation of Ukraine's Crimea region. Investors fear that Russia may strike back by reducing exports of some of its commodities. Russia is the world's biggest supplier of Palladium, a key component of exhaust filters that keep cars running cleanly. Read the complete story at http://www.mintstategold.com/investor-education/palladium

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Numismatic Update

Last Thursday March 20th I flew up to San Francisco to attend the Heritage Auction Gallery’s sale of the U.S. Gold Collection owned by Donald E. Bently. The proceeds will go to help his foundation (the main purpose to support animal rights issues). The Bently foundation auction primarily consisted of early American rare Gold coins. One of the true rarities in the collection was a 1927-D $20 Gold Saint Gaudens, graded and certified by PCGS at MS63. This is one of the rarest Saint Gaudens in the collection, and I am proud to say that I was successful in purchasing this rarity for only $1,292,500.

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SILVER

Last week was truly ugly for Silver investors, with Silver dropping five consecutive trading days. Silver tested the $20 per ounce support level on Thursday and held, then ended the week at $20.31 per ounce. For the week, Silver dropped $1.10 (5.42%), ending at the lowest price since February 11th. Silver will probably stay in the $20 to $22 per ounce area until it re-establishes a base for the next leg higher. With a larger percentage drop in Silver last week (compared to Gold) the Silver to Gold ratio continues to move higher, now at an amazing 65.78 to 1.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 3/17/14

This Week’s Headlines:

Gold
What is driving the Gold price higher?
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week was a very profitable week for Gold investors, since Gold moved higher and higher every day of the trading week. By Friday, it was trading at $1,379 per ounce, an increase of $40.80 (3.05%) for the week. On the CME exchange, both the trading volume and the open interest was increasing on the popular April 2014 hundred ounce Gold contract. It took Gold five attempts to breakout above the $1,350 per ounce resistance level, and now it is working on breaking out above the $1,381 resistance level.

Gold is now up $177.10 per ounce (14.74%) from the beginning of the year. Last year’s downtrend has been broken, and many professional and technical traders have become aggressive buyers on any price dip. Even paper Gold buyers, (investors who purchase the popular exchange traded fund, GLD) have purchased 11.60 troy tonnes last week to take physical gold holdings, making it 816.59 metric tonnes, a 2014 high.

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What is driving the Gold price higher?

The ongoing Crimea crisis between Russia, the Ukraine, the U.S. and Western Europe has garnered most of the headlines and is a contributor to the recent upward move in Gold but the largest increase came on March 12th. That is when the Chinese Premier, Li Keqiang, warned that their country was likely to experience a number of defaults as a consequence of having their government increase financial deregulation. At a press conference, he described future bond defaults as “unavoidable.”

A failure by the Shanghai Chaori Solar Energy company to meet their interest payments last week on its $1.4 billion debt became China’s first onshore corporate bond default. This prompted some concern as well as some alarming talk about a wave of defaults to come across China. Major Chinese defaults would cause investors to take flight from the entire Chinese corporate debt market and increase purchases of precious metals. On Wednesday the 12th of March, Gold increased $23.80 per ounce on the heaviest trading volume day that I have seen in months.

For thousands of years the Chinese people have had a great love for Gold and in recent years the Chinese government has encouraged physical ownership for the public. Today, China is the world’s #1 buyer of Gold, consuming over 1,000 metric tonnes a year. That is 200 tonnes more than the entire GLD holdings, and Chinese demand is likely to double or even triple should there be major defaults in the Chinese bond market. I will be monitoring any reports of increasing defaults, but, a major increase in the price of Gold and/or Chinese demand may be a better indicator.

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SILVER

After the March 7th selloff, Silver bounced back to above the $21 per ounce price last Wednesday, when Gold rallied $23.80. For the balance of last week, Silver traded in a narrow range from $21.11 to $21.80 per ounce. I haven’t been impressed by Silver’s recent price action and would like to see it rally above the $22 per ounce level on solid volume. Last Friday, Silver closed the week at $21.41 per ounce, up $0.48 (2.25%) for the week, never able to reach $22 per ounce. With last week’s $40 move in Gold, the Silver to Gold ratio continues to go higher, currently at 64.41%.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 3/10/14

This Week’s Headlines:

Gold
Is the London Gold Fix going to be replaced by computers?
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold continued to move higher last week, increasing $16.60 per ounce and closing the week at $1,338.20. Gold crossed above the $1,350 per ounce resistance level last week four times, reaching a high on Monday of $1,355, but was unable to hold above that level. On the support side, Gold tested the $1,330 level five times last week and rallied higher by the close. So, it is easy to say that Gold is consolidating while building a firm base between $1,320 and $1,350 per ounce. Another bullish fact is that the volume of Gold trading continues to show increasing demand on any dip.

Gold could stay in its current trading range for a bit, but I believe it should breakout above the $1,350 resistance level by month’s end, on its way to the next resistance level of $1,381 and $1,400 per ounce.

Technical Gold Levels:

  •  Significant upside resistance at $1357/$1361
  •  Gold’s resistance objectives at $1381, $1400, $1415/33
  •  Gold Support level $1320/22, 1300/06- bullish invalidation
  •  If Gold breaks below $1268/70- very bearish

It’s become clear that 2014 is definitely going to be a great year for Gold investors. Right now, Gold is up $136.30 per ounce (11.34%) from the start of 2014. At the current pace we could easily see Gold at $1,650 per ounce by year end.

The current escalating geopolitical and military tensions between the Ukraine, Russia and western countries are the issue that has dominated the movements in global precious metal trading. This issue has the potential to be highly damaging to the world’s financial markets.

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Is the London Gold Fix going to be replaced by computers?

The London Gold Fix mechanism has been coming under increased scrutiny lately, perhaps following the LIBOR scandal whereby benchmark interest rates were manipulated in favor of some participants actually setting them. Read the complete story at http://www.mintstategold.com/investor-education/cat/news/post/londongoldfix/

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SILVER

Last week Silver traded between $21.04 and $21.74 per ounce until Friday. Then, on Friday the $21 support level was penetrated and technical traders stepped in and shorted the market, driving it down to $20.76. Just as Silver started consolidating between the $21 to $22 area and looking bullish, Friday’s trading was very disappointing. If Silver doesn’t quickly rally back to above $21 per ounce today, we will have a short term negative bias.

The Silver-Gold ratio has increased to 63.94 to 1.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 1/6/14

This Week’s Headlines:

Gold
China continues to show an appetite for Gold
Major Rare Coin Convention in Atlanta, Georgia
The Saddle Ridge Gold coin Hoard is released
Silver
Recommended Investment Commitment and Diversification

GOLD

For the second month in a row, Gold has closed higher. Gold closed at $1,321.60 per ounce on February 28th, up $81.70 per ounce (6.5%) for the month, and up $119.80 per ounce since the start of 2014. Last week Gold made two attempts at breaking above the $1,350 per ounce resistance level. Also, last week Gold attempted to break down below the $1,320 per ounce support level twice. Gold consolidating in a tight $1,320 to $1,350 price range after the recent increase is very bullish for this coming week. I believe that Gold will make another attempt this week, hopefully successfully, and break through the $1,350 per ounce resistance level.

Gold gained around 2% today as escalating tensions between Ukraine and Russia bolstered demand for precious metals worldwide, while driving down equities and bonds.

The SPDR Gold Trust (Symbol GLD), the biggest Gold ETF, is set to get its first monthly inflow since December 2012, according to the Reuters report on Thursday. This ETF has added 10.5 tons to its reserves so far in February, reaching 803.70 metric tonnes. GLD is set to get its first monthly increase into its reserves in more than a year.

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China continues to show an appetite for Gold

Hong Kong's net Gold exports to China in January were 89.745 tonnes. It is on track to export another 1,000 metric tonnes to China this year. Chinese Gold buying continues to show heavy domestic demand for physical Gold investment products.

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Major Rare Coin Convention in Atlanta, Georgia

I just returned from Atlanta where I attended the American Numismatic Association’s National Money Show. This convention is a major event for the rare coin community, with thousands of dealers, investors, and collectors attending. In addition to a trading floor with over 300 rare coin dealers, there was also a very successful major rare coin auction.

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The Saddle Ridge Gold coin Hoard is released

During the Atlanta coin convention, Don Kagin put on display many of the Gold rarities from the Saddle Ridge Gold coin hoard. This is the $10 million Gold coin discovery that was in the news last week. These coins are mostly $20 Gold liberties that are dated from 1847 to 1894 and have been certified and graded by PCGS. Most of these coins will be sold on Amazon.com in May. The full story is available at http://www.latimes.com/local/la-me-0227-gold-coins-20140227,0,843659.story#axzz2urqaPWUv

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SILVER

Although Silver ended last week lower by $0.54 closing at $21.24 per ounce, it was up for the month. Silver has increased $2.12 (11.08%) for the month of February. Silver has spent the last two weeks building a support base between $21 and $22 per ounce. $22 per ounce is an important resistance level for Silver, and any firm break above that level would be very bullish for Silver long term.

The Silver-Gold ratio has increased to 62.22 to 1.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 2/24/14

This Week’s Headlines:

Gold
Why Did the US Only Give Germany Back 5 Tonnes of Gold
Gold Smuggling Doubles in India Last Year
Silver
Major Rare Coin Convention in Atlanta, Georgia
My 2014 Forty-four Page Gold Booklet has been mailed
Recommended Investment Commitment and Diversification

GOLD

The Gold bears are on the run as Gold continues to move higher, up over 10% from the beginning of 2014. Last Friday Gold closed at $1,323.70 per ounce, up $5.10 for the week, up $84 for the month of February and up $121.80 from the beginning of the year. Trading volume continues to grow every week while the global physical demand for Gold investment products is at a record pace.

Not since before Sept 6, 2011 (when Gold reached $1,920 per ounce) has the Gold market looked so bullish. Yes, the bears are on the run and professional commodity floor traders are beginning to have a bullish mindset. What will it take to officially call this Gold move the end of the bear market? The fundamentals for Gold ownership have never looked better. However, on the technical side, I need to see Gold firmly breakout above $1,350 per ounce. I think that this will happen within the next few weeks after some strong economic news gets released.

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Why Did the US Only Give Germany Back 5 Tonnes of Gold

On January 16, 2013 Germany's central bank, the Bundesbank, asked the US Federal Reserve ship 300 tonnes of the 1,528 tonnes of Gold that it was holding in their Manhattan vaults back to Germany. The Federal Reserve told the Bundesbank that they wouldn’t be able to ship back the 300 tonnes of Gold until 2020. Fast forward a year and the Bundesbank announced that is has received a mere 5 tonnes of Gold from the US Federal Reserve. The big question is why? For the complete story see http://www.mintstategold.com/investor-education/cat/news/post/germanygold/

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Gold Smuggling Doubles in India Last Year

The amount of smuggled Gold doubled in India during 2013 because of the import restrictions put into place to contain India’s current account gap. According to estimates made by the global precious metals consultancy, GFMS, 150 to 200 tonnes of Gold was smuggled in 2013 from Dubai, Singapore, and land routes from Bangladesh, Pakistan and Nepal. The agency also estimated that 112 tonnes had been smuggled in 2012.

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SILVER

It was another great week for Silver as it closed at $21.78 per ounce last Friday, up $0.36 for the week, and up $2.66 (13.9%) from the start of February. Last week, Silver tested the $22 per ounce resistance level three times and short term profit taking caused it to sell-off. The volume of Silver contracts traded on the world’s commodity markets continues to increase with fresh new buyers. In my Feb. 18th Weekly Market Report, I called for at least one week of consolidation above $21 per ounce and that happened last week.

The Silver-Gold ratio has now dropped to 60.77 to 1.

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Major Rare Coin Convention in Atlanta, Georgia

Tomorrow I am flying to Atlanta for the American Numismatic Association’s National Money Show. This convention is a major event for the rare coin community, with thousands of dealers, investors, and collectors attending. In addition to having a trading floor with over 300 rare coin dealers, there will also be a major rare coin auction. I am asking my rare coin clients to email me their updated want list. I recommend emailing me ASAP. I’ll be at Table 920 on the bourse convention floor should you be in the area and want to stop by to say hello.

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My 2014 Forty-four Page Gold Booklet has been mailed

 

GOLD: REAL MONEY

Your Ultimate Protection
Against Inflation and Deflation


After six months of research and three months of reviewing, we mailed out two copies of our Gold Booklet to our clients. I believe that this is one of my best research and analysis of the precious metal markets. I want to publicly thank my son David and Rick Rhoads for all of their input and advice. If you want to read an internet copy of my Gold Report it is now available on www.coinmag.com by just providing your name and email address.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 45%, Silver 50%, Platinum & Palladium 5%

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 - 2/18/14

This Week’s Headlines:

Gold
Does China Plan to Use Gold to Internationalize the Yuan?
World Gold Council Releases 2013 Gold Demand Numbers
2014 44-Page Gold Booklet is Being Mailed Out This Week
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold’s price has increased for the past eight consecutive trading days, closing last Friday at $1,319 per ounce. Gold was up $56 last week and $117 since the beginning of 2014. However, the most important issue is that it has moved above the key $1,300 per ounce long term resistance level. The reason that this is important is that many professional commodity traders and technical traders have been shorting (selling) Gold on any rally believing that they could make money because they believed that it would not rally above $1,300 per ounce. Now, the traders’ overall thinking has changed and they are not shorting rallies. Current thinking is that if Gold shows good demand above $1,300 per ounce they may start buying on dips.

What caused last week’s $56 per ounce rally in Gold? A combination of things. First of all, economic issues, a fall in monthly retail sales and a rise in the weekly jobless claims helped to fuel weakness in the U.S. dollar, luring traders to perceive the safety of Gold. Second, the Chinese came back from holiday and were major buyers of physical and paper Gold. Also, China’s Gold Association reported that China’s Gold consumption jumped 41% last year (to exceed 1,000 tonnes for the first time) while a sharp slide in prices attracted buyers for jewelry and bullion. This demand surge has helped China become the No. 1 Gold consumer in the world and should support prices. Gold consumption in China grew to 1,176.40 tonnes last year, with jewelry demand climbing 43% to 716.50 tonnes and bullion demand soaring 57% to 375.73 tonnes.

During our Holiday there was news that Japan's fourth quarter GDP was much lower than expected. This news resulted in lowering the value of the U.S. Dollar and driving Gold higher, which closed in Asia up $4 per ounce, at $1,223.

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Does China Plan to Use Gold to Internationalize the Yuan?

I wrote about the issue of what China is planning to do with all the Gold it has been accumulating in my new Gold Booklet. Now Dhara Ranasinghe, a senior writer for CNBC, writes that China plans to use their Gold to internationalize its Yuan. "The massive flow of Gold into the country does make it seem plausible that they [China's authorities] could be moving in the direction of using Gold in the effort to internationalize the currency and escape what is seen as a domineering dollar”, according to a new report from Lombard Street Research. Read the complete article at www.mintstategold.com/chinagold

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World Gold Council Releases 2013 Gold Demand Numbers

The World Gold Council just released its 2013 Gold Demand report showing that 2013 saw the largest volume increase in jewelry demand in 16 years as consumers across the globe reacted to lower Gold prices. Full year demand was 2,209.5t, 17% above 2012 and the highest level since the onset of the 2008 financial crisis. These facts and many more are available in the World Gold Council report. Visit 2013 Gold Demand to read more.

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2014 44-Page Gold Booklet is Being Mailed Out This Week

 

GOLD: REAL MONEY

Your Ultimate Protection
Against Inflation and Deflation


After six months of research and three months of reviewing, editing, and proof reading, my 2014 Gold Booklet was finally sent to the printer last week. I am truly excited about mailing you, my loyal clients, 2 copies. I believe that this is one of my very best works of research and analysis of the precious metal markets. I want to publicly thank my son David and Rick Rhoads for all of their input and advice. If you want to read an internet copy of my Gold Report, it is now available on www.coinmag.com by just providing your name and email address.

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SILVER

It’s about time that Silver broke out. After six weeks of disappointing price activity we finally saw it move above $20 and $21 per ounce as Gold clearly broke out above the $1,300 resistance level. Last Friday, Silver closed at $21.42 per ounce, up a whopping $1.49 (6.93%) for the week and $2.08 (10.76%) from the beginning of 2014. What I would like to see is price consolidation from last week’s rally allowing Silver to stay above $21 per ounce for at least a week. This would allow professional and technical traders, as well as chartists, to establish (purchase) new long positions.

The Silver-Gold ratio has now dropped to 61.57 to 1.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 2/10/14

This Week’s Headlines:

Gold
Physical Gold is Still Moving from West to East
2014 44-Page Gold Booklet is Being Mailed Out This Week
Silver
Recommended Investment Commitment and Diversification

GOLD

After the January $37.90 per ounce (3.15%) increase in the Gold price, February began with a rally, up $23.10 per ounce (1.87%) in just the first week. Gold has tested the key resistance level of $1,270 per ounce five times since January 24 and keeps coming back. Regardless of when it finally breaks through, the sixth attempt or seventh, it is clear that this year the fundamentals are building for Gold to move much higher by year end.

Last Friday, the Labor Department reported that U.S. employment growth for January was 113,000 new jobs, the slowest since January 2011 -- economists had expected 178,000 new jobs. This report is fueling speculation the Federal Reserve will not further reduce its stimulus. This news is bullish for Gold, and it has broken through the $1,270 per ounce level this morning for the sixth time in three weeks. As Gold approaches $1,278 (short term resistance) I am seeing a number of professional commodity traders starting to cover their short positions.

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Physical Gold is Still Moving from West to East

Three weeks ago we saw the largest one-day withdrawal of physical COMEX Gold in over a year as the JPMorgan (JPM) warehouse withdrew a stunning 321,500 ounces of Gold (10 tonnes). Additionally, we also saw a large withdrawal from the Scotia Mocatta warehouse, which brings the total withdrawal to almost 6% of all COMEX Gold stocks this year. Speculation is this Gold is heading to China and other Asian countries, as the Chinese government provided import licenses for HSBC and ANZ banks last week. This will provide additional tonnage of Gold to satisfy the growing Chinese demand.

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2014 44-Page Gold Booklet is Being Mailed Out This Week

GOLD: REAL MONEY


Your Ultimate Protection
Against Inflation and Deflation



After six months of research and three months of reviewing, editing, and proof reading, my 2014 Gold Booklet was finally sent to the printer last week. It will be delivered back this Wednesday, and start going out. I am truly excited about mailing you, my loyal clients, 2 copies. I believe that this is one of my very best works of research and analysis of the precious metal markets. I want to publicly thank my son David and Rick Rhoads for all of their input and advice. If you want to read an internet copy of my Gold Report, it is now available on www.coinmag.com by just providing your name and email address.

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SILVER

Silver finally got on the bullish track last week, up a whopping $0.82 per ounce (4.09%), and now trading at $19.93, up 1.14% for 2014. $20 per ounce continues to be Silver’s key resistance level. Silver has broken out above the key $20 resistance level seventeen times since the beginning of the year and hasn’t been able to hold onto that level. The highest price that Silver has reached in 2014 is $20.67 per ounce on January 14 -- then it dropped back to a low of $18.97 on January 30th 2014.

While $20.70 is the short term resistance level, I believe that we need to see Silver at over $21 per ounce to turn the professional commodity traders bullish.

The Gold-Silver ratio is now at 63.35/1.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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 - 2/03/14

This Week’s Headlines:

Gold
China Opens its Gold Market to Foreign Banks
Rare Coin Report
2014 CoinStats Now Available
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week was the only week in 2014 where the price of Gold declined. Gold was however up $37.90 (3.15%) for the month of January. Gold ended the week and the month at $1,239.80 per ounce last Friday. In January, Gold tested the $1,270 per ounce resistance level three times but could not hold above that level. Today, Gold is back on its bullish trend, up $22 per ounce. I look for Gold to make a few more attempts at breaking out above the $1,270 level this week as it makes its way to $1,300 per ounce.

Gold dropped $25 per ounce last Thursday after data showed robust household spending and rising exports which both helped the U.S. economy to grow 3.2% in the fourth quarter of 2013. The thinking is that a strong economy will result in getting the Federal Reserve to continue cutting their current $65 billion monthly bond buying program.

The U.S. Mint Gold coin sales rose 63% in January 2014 to their highest level since April of 2013, while the Gold price increased 3.15%. The volume climbed to 91,500 ounces from 56,000 ounces in December. Many of the other world’s largest mints, i.e. Austria, the U.K. and Australia, also reported that accelerating demand has caused them all to reach record production levels.

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China Opens its Gold Market to Foreign Banks

Public statements made by senior officials from the People's Bank of China have put the Gold market at the heart of China's broader financial reform. China is serious about liberalizing its Gold market and about ensuring their future supplies as they have just granted import licenses to HSBC and ANZ Bank in January. This opens up their domestic Gold market to foreign players. Read more at http://www.mintstategold.com/investor-education/cat/news/post/China_propels_Gold_long-term_growth/

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Rare Coin Report

I have just returned from the Long Beach Coin Expo rare coin convention in California. This convention is a major event for the rare coin community, with thousands of dealers, investors, and collectors attending. The show has a large trading floor with over 300 rare coin dealers. The activity level was the highest that I have seen in the past 10 years. Dealers were aggressively bidding on, and purchasing, a limited amount of high quality U.S. rare coins available.

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2014 CoinStats 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. The January 2014 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series.

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 1936, that have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just insert CoinStats in the subject line and email me which of the five series you would like to see.

Also for 2014, I am happy to announce that I have increased the CoinStats analysis by adding a new column that shows the increase in the PCGS/NGC population for the past five years. Investors realize the PCGS/NGC population does increase, but comparing the percentage of that increase is an important component in the selection of undervalued Gold and Silver rare coins.

What is surprising? Some of the five year population results in the CoinStats report show that some coins have actually declined in number during that period. How could this happen? There are a number of legitimate reasons that a PCGS and/or NGC certified coins could have a lower population in a five year period.

  1. The coin could have been cracked out of its holder and re-submitted, but the owners never sent in the old certificate to the grading service so it could be deducted.
  2. The coin could have been upgraded or crossed and the owner never sent in the certificate.
  3. Because the new PCGS/NGC Plus grades are not yet incorporated into the CoinStats numbers, the coin may now have a Plus grade. (Plus grades will be added to CoinStats when the quantities increase)

I believe CoinStats is one of the best tools for rare coin collectors and investors to recognize great value and I will continue to look for ways to provide more important information. Your input on CoinStats is always appreciated.

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SILVER

Silver ended trading in January at $19.12 per ounce, down $0.65 for the week and down $0.22 (1.14%) for the month. This is the fifth consecutive month where Silver has closed lower. Silver’s long term major support level has been $18.22 per ounce, and I expect to see short term support for Silver above $19 per ounce.

Demand for physical Silver investment products continues to be strong around the globe. The U.S. Mint reported today that they sold 4,755,000 of 1 ounce Silver Eagles in January; a record number given that it was only for the last two weeks of the month.

The Gold-Silver ratio had a strong month finishing higher at 64.81/1.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

Diversification:  Gold 50%, Silver 45%, Platinum & Palladium 5%

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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