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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 - 12/15/14

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

Chinese and Indian Gold demand boost fundamentals further

 

This Week’s Headlines:

Gold
Silver
Pre-order 2015 First Strike BU Gold & Silver Eagles & Gold Buffalo
Recommended Investment Commitment and Diversification

 

GOLD

Gold closed last Friday at $1,222.50 per ounce, up $32.10 per ounce for the week and $48 per ounce for the month of December. Demand for Gold remains strong as buyers continue to be aggressively paying over $1,200 per ounce. Currently, Gold is trading in the $1,200 to $1,239 price range, consolidating its recent gains and preparing to move above the next resistance level of $1,240 per ounce.

Historically, the Gold price is affected positively or negatively by the direction of the Crude Oil price, since increases in the Crude Oil price are seen as inflationary. In July of this year Crude Oil was trading at over $100 per barrel, and Gold was selling in the $1,300 per ounce area. Had I known the price of Crude Oil would drop to $57 per barrel, I'd have guessed Gold would be trading around $1,000 per ounce. However, the demand for physical Gold has remained very strong in the face of falling Crude Oil prices and a strong U.S. Dollar. This recent strength in the Gold price adds additional creditability to analysts that feel we will see a much higher Gold price in both the short and long term.

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SILVER

The Silver price broke above the $17 per ounce resistance level last Tuesday and never looked back, closing above $17 per ounce the rest of the week. On Friday, Silver closed at $17.06 per ounce, up .80 per ounce for the week, and $1.50 (9.6%) since the beginning of the month. Silver should test the $17 support level this week, and could drop as low as $16.40 before seeing bargain buying. Silver really needs to move back above $18 per ounce to regain bullish sentiment from the professional commodity traders.

Physical demand for Silver continues to break all-time high sales records. As of Dec 12, the U.S. Mint has sold 43,269,500 1oz .999 Silver Eagles.

Right now the Silver/Gold Ratio is at 71.67-to-1.

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Pre-order 2015 First Strike BU Gold &Silver Eagles and Gold Buffalo at today’s low price

Stuppler & Company is now accepting orders for U.S. First Strike BU 2015 Silver Eagles, $50 Gold Eagles, and $50 Gold Buffalo.

Get First Strike BU Silver Eagles for only $3.29 over spot in lots of 100 - 499, and $2.95 over spot for the First Strike Green Monster box (500 coins.)

Get First Strike BU 2015 $50 Gold Eagles for only 4.25% over spot with minimum order of 5, and get First Strike BU 2015 $50 Gold Buffalo for only 5% over spot, also with a minimum order of 5.

You can lock in today’s low Gold and Silver prices on these 2015 First Strike BU coins for delivery early in 2015. Call toll-free 1-888-454-0444 or email me at barry@stuppler.com.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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 - 12/8/14

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

ECB Preparing Broad Stimulus Plan, All Assets but Gold on the Table for Purchase

 

This Week’s Headlines:

Gold
Silver
Pre-order 2015 First Strike BU Gold & Silver Eagles & Gold Buffalo
Recommended Investment Commitment and Diversification

 

GOLD

The U.S. Department of Labor released a report last Friday showing an increase of 321,000 new jobs in November. This information was very negative for precious metals and Gold dropped $17. The jobs increase puts 2014 on track to be the best year for U.S. jobs since 1999, while keeping the unemployment rate at 5.8% Gold ended the week at $1,190.40 per ounce, up $15 for the week.

Last week Gold reached the 2014 low price of $1,141 per ounce (a four year low) on Monday. Trading that day was truly a classic Intra-Day reversal, bottoming out and then closing on or near the day’s high, on heavy trading volume. That day the Gold price closed at $1,218, up $77 per ounce from the day’s lows.The trading volume was over 342,000 CME 100-ounce Gold contracts (34.2 million ounces.)Trading volume was at record levels in the both the futures and ETF paper Gold markets. A classic Intra-Day reversal is very bullish for the price of Gold.

Last Tuesday through Friday, Gold traded in a narrow $26 range, from $1,186 to $1,212 per ounce on excellent trading volume. Gold was building a base as it consolidates for its move to the next resistance level of $1,240 per ounce. This consolidation was done in the face of a very strong U.S. Dollar at below $1.21 per Euro, which is a four year high for the U.S. Dollar.

This week we should see Gold move back above the $1,200 per ounce resistance level, and hopefully trade in the $1,200 to $1,220 price range. This would be very bullish for Gold long term. It could also prevent Gold from reaching new lows by month end if the U.S. Dollar continues to strengthen against the Euro and Japanese Yen.

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SILVER

Silver trading last week was extraordinary. After reaching a five year low of $14.16 per ounce on Monday, Silver quickly rallied back above $16.69. Silver had an amazing $2.53 per ounce high/low range (17.8%)last Monday. Like Gold, this trading resulted in a very bullish Intra-Day Reversal.The trading volume was the highest in over a year at 120,775CME five-thousand ounce Silver contracts (over 600 million ounces.)

Silver closed last Friday at $16.25 per ounce, up $0.70 for the week. Silver needs to move back above $18 per ounce to regain bullish sentiment from the professional commodity traders. Physical demand for Silver continues to break all-time high sales records. As of Dec 5, the U.S. Mint has sold over 42 million one ounce .999 Silver Eagles.

Right now the Silver/Gold Ratio is at 73.22-to-1.

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Pre-order 2015 First Strike BU Gold &Silver Eagles and Gold Buffalo at today’s low price

Stuppler & Company is now accepting orders for First Strike U.S. 2015 Silver Eagles, $50 Gold Eagles, and $50 Gold Buffalo.

Get First Strike BU Silver Eagles for only $3.29 over spot in lots of 100 - 499, and $2.95 over spot for the FirstStrike Green Monster box (500 coins.)

U.S. First Strike BU 2015 $50 Gold Eagles for only 4.25% over spot with minimum order of 5, and get First Strike BU 2015 $50 Gold Buffalo for only 5% over spot, also with a minimum order of 5.

You can lock in today’s low Gold and Silver prices on these 2015 First Strike BU coins for delivery early in 2015. Call toll-free 1-888-454-0444 or email me at barry@stuppler.com.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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 BLOG

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 through Friday at www.stupplerblog.com

 

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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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 - 12/1/14

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

WGC 2014 Q3 Gold Demand

 

This Week’s Headlines:

Gold
The Day Gold Turned Bullish
Swiss Voters Reject Referendum to Increase Gold Reserves
Silver
Pre-order 2015 First Strike Silver Eagles
Recommended Investment Commitment and Diversification

 

GOLD

After having traded in the $1,180 to $1,207 range for over the past two weeks, Gold got hammered last Friday. The combination of a major decline in oil, negative polls for the Swiss Gold referendum, and a record high value for the U.S. Dollar versus the Euro, Yen and Ruble, all caused Gold to drop $22. Gold broke through the important $1,180 per ounce support level, and then reached a low of $1,164. At the close of last Friday’s trading, Gold ended the week at $1,175.50 per ounce on heavy trading.

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The Day Gold Turned Bullish

In Asian trading Monday morning Gold continued its decline, reaching a low of $1,141 per ounce on heavy trading. By the time Gold trading hit Europe the bargain buyers were lining up. Gold quickly bottomed out then started moving higher. Today was truly a classic Intra-Day reversal, bottoming out and then closing on or near the day’s high, on heavy trading volume.

After Gold broke above $1,200 per ounce, all the short sellers began running to cover their positions and the price continued to move higher. Trading volume is at record levels in both the futures markets and the ETF paper shares. Ever since Gold reached $1,920 per ounce on Sept 6, 2011, the Gold price has been in a decline waiting for a turn. TODAY IS DEFINITELY THAT DAY. Start adding to your Gold positions immediately!

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Swiss Voters Reject Referendum to Increase Gold Reserves

(Courtesy of Forbes) - In Sunday’s Swiss Gold referendum, roughly 78% voted against expanding central bank Gold reserves to 20% of central bank assets from the current 7%, according to Swiss national broadcaster SRF. The vote is a blow to the movement to “Save Our Swiss Gold” that had the hopes of moving Switzerland back toward a Gold standard which the country left in 1999. Since then, there has been no requirement for the country’s currency to be backed by Gold and as a result central bank Gold reserves have waned considerably. The referendum results are not surprising given earlier polls had predicted the “no” camp would win by a large margin, however the results have mitigated concerns that increased demand from the Swiss National Bank (SNB) could cause a spike in Gold prices. Despite the criticism of easy monetary policy within the “Save Our Swiss Gold” movement, to maintain the current exchange rate floor on the Swiss franc against the euro, there is mounting pressure on the SNB to lower interest rates into negative territory on par with the ECB that lowered its key deposit rate into negative territory back in June.

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SILVER

On Friday, Silver was also hammered from the opening for the same reasons that drove Gold lower. Silver showed some light demand at the $16 per ounce support level, but after breaking below that level short selling hit the market and Silver quickly dropped. At one point during Friday’s trading, Silver was down $1.14 (6.8%), and had reached $15.41 per ounce.

During today’s trading, Silver reached a low of $14.45 per ounce (a five year low) then turned with Gold and rallied over $2 on HEAVY DEMAND. Today’s trading established Silver’s short term price direction; HIGHER.

Right now the Silver/Gold ratio is at 75.55-to-1.

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Pre-order 2015 First Strike Silver Eagles

Stuppler & Company is now accepting orders for First Strike U.S. 2015 Silver Eagles for only $3.29 over spot in lots of 100 - 499, and $2.95 over spot for the First Strike Green Monster box (500 coins). You can lock in today’s low Silver price for delivery early in 2015. Call toll-free 1-888-454-0444 or email me at barry@stuppler.com.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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 - 11/24/14

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

Russia Boosted Gold Reserves Last Month as Prices Declined

Support for Swiss Gold Referendum wanes

Dutch bring 120 tonnes of Gold back to Amsterdam from New York

China cuts interest rates to spur growth, ease debt pressure

 

This Week’s Headlines:

Gold
THE HANDWRITING IS ON THE WALL
Silver
Pre-order 2015 First Strike Silver Eagles
Recommended Investment Commitment and Diversification

 

GOLD

Gold’s recent price activity confirms my call that the November 7th low of $1,130 was the low for the year and that the “Intra-Day Reversal” ended the recent bearish trend. Gold continued to show excellent demand and price strength all last week. It briefly moved above the key $1,200 per ounce resistance level for three days last week. Gold ended the week at $1,197.70, up $12 for the week and $26 since the beginning of the month. At one point during trading on Friday, Gold reached $1,207.60 before the weekend profit taking and short sellers took the price below $1,200.

I expect to see Gold break above the key $1,200 per ounce level (it's long term resistance level) this week and then make a quick rally to $1,240 by the early days of December. That move would change the trading sentiment of professional floor traders and technical analysts from selling on rallies to buying on dips. My short term goal for Gold right now is $1,300 per ounce. My longer term goal (1 – 2 years) is for Gold to set new all-time highs as the fundamentals kick in (See “THE HANDWRITING IS ON THE WALL”) below.

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THE HANDWRITING IS ON THE WALL

The world’s major central banks are currently doing two things. The Japanese, Chinese, and European Central banks are active in stimulating their economies by lowering interest rates and continuing Quantitative Easing. The strategy is to issue massive quantities of new currency and credits with the hope of avoiding deflation. At the same time, investment demand in Gold continues to grow which led to 929 metric tonnes of Gold being consumed in the 3rd quarter of 2014 alone. Please read the complete World Gold Council report at http://www.mintstategold.com/investor-education/wgc_2014_q3_gold_demand/.

Even more interesting is that demand has increased with a lower Gold price and supplies dropping 7% during the 3rd quarter of 2014. Why are the world’s major central banks (the world’s largest Gold investors) buying more Gold and repatriating the Gold held outside their countries? The answer is that their finance ministers are concerned about the trillions of U.S. Dollars, Yen, Euros and Renminbi that are being printed and how this will devalue their countries reserves.

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SILVER

After reaching a five year low of $15.04 per ounce on November 7, the demand for physical and paper Silver has picked up dramatically. Last week, Silver tested its $16 per ounce support level three times and held. Silver also rallied over $16.50 twice last week before seeing short term profit taking and short selling, closing at $16.39 on Friday. As Gold moves higher this week, Silver should move back to above $16.50 on its way back to $17 per ounce very soon.

Current trading volumes on both the world’s commodity exchanges and physical investment products are at record levels. The U.S. Mint has already sold over 40 million Silver Eagles and will surely break the all-time record of 42,675,000 Silver Eagles sold last year. Many of the other popular Silver investment products are also selling at record levels around the globe.

Right now the Silver/Gold Ratio is at 73.05-to-1.

Back to top of report

 

Pre-order 2015 First Strike Silver Eagles

Stuppler & Company is now accepting orders for First Strike U.S. 2015 Silver Eagles for only $3.29 over spot in lots of 100 - 499, and $2.95 over spot for the First Strike Green Monster box (500 coins). You can lock in today’s low Silver price for delivery early in 2015. Call toll-free 1-888-454-0444 or email me at barry@stuppler.com.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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 - 11/17/14

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

New Currency Wars Cometh - Gold to Be "Last Man Standing"

Don't Discount the Yes Side in Swiss Gold Referendum

Russia moves away from Dollar, embraces Chinese currency

 

This Week’s Headlines:

Gold
Russia moving away from the U.S. Dollar
Silver
Pre-order 2015 First Strike Silver Eagles
Recommended Investment Commitment and Diversification

 

GOLD

Fridays in November must be bullish for Gold. On Friday Nov. 7, Gold increased $27 per ounce on heavy volume of a whopping 297,000 CME hundred-ounce Gold contracts. Last Friday we saw a similar rally, with Gold up $24 on volume of over 292,000 contracts. Both trading volumes were the highest of their week. Even more exciting is that on last Friday’s trading, Gold had another “Intra-day” Reversal, dropping to $1,146 and then closing near the day’s high on large volume. Additionally, Gold broke out above the very important $1,180 per ounce resistance level on Friday, while reaching a high of $1,192.90. Gold closed the week at $1,185.60, up $15.80 per ounce for the week.

Many technical analysts were excited and became bullish last Friday when Gold broke above the $1,180 per ounce level on high trading volume. Last week MacNeil Curry, BofA Merrill Lynch head of Technical trading, said, We are switching gears on gold from bearish to bullish, "Friday's gains are just the beginning." Friday's Bullish Reversal / Bullish Engulfing Candle marks the end of a 4 year decline and the beginning of a medium term bull trend. Initial targets are seen to 1241/55 ahead of 1345 and potentially as far as 1433. He recommends buying Gold on dips.

I would agree with Mr. Curry, if Gold could sustain a rally above $1,180 per ounce very soon. The next important level is $1,200 per ounce, a major long term resistance level. If Gold can sustain its current breakout and move above $1,200 per ounce, many more analysts and professional traders will change their sentiment from negative to bullish. After that, Gold will move sharply higher on short covering and fresh buying.

Today, after reaching a high of $1,194 in early Asian trading, Gold tested support at $1,180 per ounce and held. It looks like Gold has made a major turn and should be heading higher quickly.

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Russia moving away from the U.S. Dollar

Russian President Vladimir Putin said Friday his country has decided to move away from using the U.S. dollar for international trade. To further keep the value of the Ruble up without using U.S. dollars, the Russian Central Bank purchased 55 metric tons of Gold in the third quarter of 2014.

South Korea has also expressed an interest in improving commerce with China and is intending to build an offshore hub for trade in Renminbi. A trade agreement last week between China and Canada will establish a similar trade hub in Toronto, again bypassing U.S. dollars as a means of transfer of payments.

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SILVER

After reaching a five year low of $15.04 per ounce on November 7, the demand for physical and paper Silver has picked up dramatically. Last Friday, Silver broke above the key $16.00 per ounce resistance level on the largest trading volume for the week, 83,000 CME 5,000 December Silver contracts (41.5 million ounces). Friday’s trading activity looks like an “Intra-day” reversal on a downward trend line, with Silver reaching a high of $16.38 per ounce.

Silver closed at $16.31, up $0.60 per ounce for the week. Silver needs to stay above $16 per ounce to increase professional trader demand, but when it surpasses $16.45 per ounce, (its 21 day moving average) the technical analysts would get bullish.

Today, Silver moved higher in Asian trading, reaching a high of $16.50 per ounce before seeing short term profit taking. Silver then sold off to test support, by hitting $16.02 on excellent volume in U.S. markets. Staying above $16.00 per ounce in today’s trading is very bullish after last week’s major rally.

Right now the Silver/Gold Ratio is currently at 73.55-to-1.

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Pre-order 2015 First Strike Silver Eagles

Stuppler & Company is now accepting orders for First Strike U.S. 2015 Silver Eagles for only $3.29 over spot in lots of 100 - 499, and $2.95 over spot for the First Strike Green Monster box (500 coins). You can lock in today’s low Silver price for delivery early in 2015. Call toll-free 1-888-454-0444 or email me at barry@stuppler.com.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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 - 11/10/14

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

Reader Question on Greenspan and Gold: "No Fiat Currency Can Match It"

 

This Week’s Headlines:

Gold
Getting Bullish on Gold and Silver
Silver
Recommended Investment Commitment and Diversification

 

GOLD

After seven consecutive down days, Gold reached an unbelievable $1,130 per ounce. At that point, a major buyer thought Gold was a real bargain and began to aggressively buy before Friday’s close. As of now, I don’t know if the buyer was a Central Bank, a Hedge Fund or individual investors, but this buying caused the Gold price to move higher very quickly. I believe that Friday’s Gold trading on record trading volume has a high probability to be what commodity analysts call an “Intra-Day” reversal of a major trend line. Today’s Gold trading could confirm the reversal or show Friday’s move was a bear market rally.

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Getting Bullish on Gold and Silver

While watching Gold and Silver trade over the last three months and seeing the recent price corrections, I think adding to your holdings is starting to look extremely attractive. The long term picture for Gold/Silver prices to move higher has never been more secure. With the European, Japanese, and Chinese governments' concerns about possible deflation, they are actively engaging in massive monetary stimulus (printing trillions of new Euros, Yen, and Yuan.) These stimulus programs, along with the U.S. government’s three recent QE programs, will drive down the value of paper money to its lowest level in history and increase inflation very dramatically within the next 2 years. At the same time, many central banks around the globe, knowing what will happen to the value of paper money, have been aggressively exchanging their Dollars, Euros, and Yen for Gold, while building up their national Gold reserves. Additionally, the Swiss Referendum is coming the end of this month. Its passage would increase Swiss Gold demand by 1,500 metric tonnes (48 million ounces).

The fundamental reason to purchase additional Gold at today’s very low price is the long term outlook continues to be very bullish.

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SILVER

I had a difficult time believing that Silver could hit $15.04 per ounce last Friday, but it did. Not much Silver was traded at $15.04, a five year low, because the price quickly rallied higher on sizeable trading volume. At the close of trading last Friday, Silver had reached $15.71 per ounce on over 74,000 CME 5,000 December silver contracts (37 million ounces). This trading activity looks like it could have been an “Intra-day” reversal of a downward trend line. Today’s trading could confirm that Friday was really a change in the short term direction of the Silver price. Considering the current record world demand for Silver, and its shrinking supply, this represents an extraordinary value opportunity.

The U.S. Mint’s Silver Eagle sales for October 2014 was 5,790,000 one-ounce coins. That was more Silver Eagles than any other “non January” month in its history! As of today, the U.S. Mint has sold 39,381,000 Silver Eagles for 2014, and should set an all-time record by year end.

The Silver/Gold Ratio has set another 2014 record of 74.44-to-1.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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 - 11/3/14

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

China Gold Imports Rise to Five-Month High Before Holiday Sales

Swiss Gold referendum likely to pass and send prices higher

 

This Week’s Headlines:

Gold
Right time to buy more Gold and Silver
Silver
My trip to Washington DC last week
Recommended Investment Commitment and Diversification

 

GOLD

Last week Gold declined $26.30 on Thursday and $27 on Friday, to close the week at $1,171.60 per ounce, the lowest price of the year. Last Friday, Gold actually reached a low of $1,160.50 per ounce before the trading volume sky rocketed to over 300,000 hundred-ounce (30 million ounces) CME contracts. As the trading volume increased, Gold rallied, closing the day at $1,171.60.

This morning, based on a very weak Japanese Yen and a very strong U.S. Dollar, Gold tested its recent low in Asian trading. After reaching $1,161 per ounce the decline stopped on excellent increased demand and a sizeable increase in trading volume.

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Right time to buy more Gold and Silver

I have been waiting three months to say that I believe the time is right to add more Gold and Silver to your holdings. The long term picture for Gold/Silver prices to move higher has never been more secure. With the European, Japanese, and Chinese governments’ concerned about possible deflation they are actively engaging in massive monetary stimulus (printing trillions of new Euros, Yen, and Yuan). These stimulus programs, along with the U.S. government’s three recent QE programs, will drive down paper money to its lowest value in history and increase inflation dramatically within the next 2 years. At the same time, knowing what will happen to the value of paper money many central banks around the globe have been aggressively exchanging their Dollars, Euros, and Yen for Gold, while building up their national Gold reserves. Additionally, the Swiss Referendum is coming this month and its passage would increase Swiss Gold demand by 1,500 metric tonnes (48 million ounces).

The fundamental reason to purchase additional Gold at today’s very attractive price has never looked better.

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SILVER

Silver dropped over $1.00 per ounce last week, hitting a four year low of $15.64 per ounce. Silver closed the week at $16.11 per ounce, down $1.08 for the week. Last week the trading volumes on the Silver futures exchanges were at high levels Thursday and Friday, and physical demand in the U.S. increased dramatically. Silver at around $16 per ounce or less is an extraordinary long term value.

The Silver/Gold Ratio has set another 2014 record of 72.74-to-1.

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My trip to Washington DC last week

Last Thursday I visited the Capital Building in Washington DC with Jimmy Hayes, our industry Lobbyist, and we spoke with Congressman Henry Waxman. We were able to secure his help for passage of the Collectible Coin Act, HR2754. This is the Rare Coin and Bullion Industry’s anti-counterfeiting legislation. As Chairman of the Gold & Silver Political Action Committee (G&S PAC), HR2754 is the top item on my agenda. This very important legislation has already passed the House of Representatives (with a unanimous vote) before the summer break, but has been sitting in the Senate Commerce Committee since then. HR2754 does not affect the budget, is non-partisan, and has no opposition. I was able to generate interest and support during my trip. I am hoping to see this bill pass after the November 4th elections during the Lame Duck session.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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 - 10/27/14

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

South Africa Mint releases new Gold coin

Russia adds record 1,200,000oz physical Gold to reserves

 

This Week’s Headlines:

Gold
Swiss Referendum is bullish for Gold
Silver
Travel to Baltimore and Washington DC this week
October 2014 CoinStats
Recommended Investment Commitment and Diversification

 

GOLD

Last week Gold tested the very important $1,250 per ounce resistance level twice and couldn’t find enough demand to stay above $1,250. For the past two weeks, Gold has found good demand above $1,220 per ounce during trading, but a combination of short term profit taking and professional short sales stops the rally from staying above $1,250. Last week’s 400 point rally in the U.S. Stock Market’s DJIA, plus a strong move higher in the value of the U.S. Dollar, were also negatives for Gold. On the week, Gold dropped $7.30 per ounce, closing on Friday at $1,231.80.

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Passage of Nov 30 Swiss referendum is bullish for Gold

On November 30, voters in Switzerland will decide: whether or not to ban further Gold sales by the Swiss National Bank (SNB); whether to make physical Gold bullion at least 20 percent of the bank’s assets; and whether to repatriate all Swiss-owned Gold stored by other central banks, including the U.S. Federal Reserve. A recent poll shows that this national initiative has 45% of the citizens in support of it, 39% opposed, and 16% undecided. Considering the historic conservatism of Swiss citizens I believe this referendum will pass.

After passage of this national initiative, the SNB will have five years to increase the nation’s holdings of Gold from 8% of reserves to 20% of reserves. Right now the value of the 8% reserves of Gold owned by the SNB is about $40 billion (1,040 metric tonnes of Gold). This initiative means they would need to purchase more than 1,500 tonnes of Gold by 2019 to reach 20% of reserves, plus repatriate any Gold outside of Switzerland. In other words, in order to reach 20% of the national reserves the SNB would need to buy another $60 billion worth of Gold.

Long term, the passage of this initiative would have a very bullish effect on the Gold price. However, think about the short term effect when the referendum passes. Short term, it would provide a great incentive for nations like China, Russia, India, and Brazil (who have been aggressive buyers), as well as many large Gold investors, to quickly increase their Gold holdings.

“If the Swiss vote to boost Gold reserves, as well as providing extra physical Gold buying, it will also be a strong signal supporting the monetization of Gold – a move away from fiat money,” analyst William Adams said. “This may well encourage other countries to follow suit.”

This referendum is very important and as we approach the November 30 vote there will be lots of information and polls coming out of Europe. Voter polls on the results of the referendum could have an effect on the price of Gold so I will keep you updated with any news. The following is a recent article about the campaigns of the referendum’s pro and con supporters: http://www.mintstategold.com/investor-education/swiss_gold_campaign/.

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SILVER

Silver’s price action continued to disappoint me last week, with low trading volume and the inability to stay above $17.50 per ounce. Last Tuesday, Silver rallied to $17.54 per ounce, but sellers quickly appeared on Wednesday driving the price down to $17.23 per ounce. Silver did reach a low of $17.04 last Thursday before buyers came in, and Silver ended a very disheartening week at $17.18 per ounce, down $0.15 for the week. I continue to look for a bullish turn in the Silver price very soon, but I need to see a change in market sentiment, hopefully with an intra-day reversal on heavy trading volume. The Silver/Gold Ratio has set another 2014 record of 71.69-to-1.

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Travel to Baltimore and Washington DC this week

Wednesday I head to Baltimore for the Whitman rare coin convention and ICTA* board meetings. Whitman is the last major coin show of the year and I will be trying to locate many of the rare coins on my clients want lists. If you have not updated your want list recently, please email me by tomorrow (Tuesday, 10/28/14).

On Thursday I plan to visit the Capital Building in Washington DC with Jimmy Hayes, our industry Lobbyist, to talk with key legislators and their aids in an effort to secure passage of the Collectible Coin Act, HR2754. This is the Rare Coin and Bullion Industry’s anti-counterfeiting legislation. As Chairman of the Gold & Silver Political Action Committee (G&S PAC), HR2754 is the highest item on my agenda. This very important legislation has already passed the House of Representatives with a unanimous vote before the summer break, and has been sitting in the Senate Finance Committee since then. HR2754 does not affect the budget, is non-partisan, and has no opposition. I need to generate some interest and support, with the hope of getting passage after the November 4 elections during the Lame Duck session.

*ICTA
Industry Council for Tangible Assets is the Rare Coin, Currency and Precious Metal’s communities legislative and regulatory watchdog. I have been a board member since it was founded in 1982.

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October 2014 CoinStats is available

Our numismatic CoinStats quarterly 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 is now updated for October 2014 and is available in PDF format. 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.

I want to thank the clients who gave suggestions on how to improve CoinStats. Those recommendations are appreciated and as a result I have implemented some changes beginning with the October 2014 CoinStats report. On the Best Value page you will now see coins that have increased in value in blue, and coins that have deceased in red. Additionally, new coins are indicated as such on the Best Value page.

If you have any suggestions for CoinStats, please feel free to email me. Because I believe that CoinStats is one of the best tools to help rare coin collectors and investors recognize great value, I will continue to look for ways to provide more important and relevant information. Your input on CoinStats is always appreciated.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification:  Gold 45%, Silver 45%, 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