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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 - 8/25/14

This Week’s Headlines:

Gold
Silver
Rare Coin Market Update
Recommended Investment Commitment and Diversification

GOLD

Gold has traded in a narrow $40 per ounce price range both above and below the $1,300 per ounce level since the beginning of this month. Gold closed on Friday at $1,280.20 per ounce, down $2.60, during the sixteenth trading day of August. Given the geopolitical crises and military activity around the globe, this is disappointing. However, the strength of the U.S. Dollar in the foreign exchange markets, combined with global demand for physical Gold (which has dropped from 2013 levels) and the high possibility of a recession in Europe, has resulted in investors selling Gold when it reached the $1,325 per ounce resistance level.

From the beginning of the year Gold has actively traded at both above and below the $1,300 per ounce level; never breaking below $1,200 nor above $1,400 per ounce. This is surprising because in past years Gold has shown much more price volatility. While I continue to believe that Gold will close the year near the high end of the trading range, I think 2014 will go down as the year Gold consolidated its price (built a base) before hitting new highs in the years following.

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SILVER

Silver continues to test its recent low of $19.29 per ounce. Regardless of Gold’s recent drop, it finds bargain buying and then quickly rallies up $0.10 to $0.20 per ounce. Silver’s major support price is $19.00 per ounce, while the resistance level remains at $20.00 per ounce. Any break above or below these levels will provide the short term direction of the market.

The Silver/Gold ratio has moved higher and is currently at 66.04 to 1.

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Rare Coin Market Update

Next week I head to Long Beach, California to the Long Beach Coin Expo. This rare coin convention should be well attended and I am hoping to fill our clients’ rare coin want lists. As the high end certified investment quality rare coin market soars, I am seeing increasing demand from our clients for the CoinStats recommended Gold and Silver coins.

For the past year I have been reporting from major coin conventions that demand for investment quality Gold and Silver U.S. rare coins has continued to grow, while most dealer’s inventories were at very low levels. These fundamentals were an outstanding harbinger of much higher prices coming very soon. Many of the dealers who attend these conventions have reported raising both their asking and bid prices for many of their Gold and Silver rarities.

If you haven’t already sent in your rare coin want list to David or myself, please email me your list of coins needed.

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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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 8/11/14

This Week’s Headlines:

Gold
Silver
Rare Coin Market Update
The Kennedy Gold Coin becomes a Numismatic Disaster
Recommended Investment Commitment and Diversification

GOLD

The negative effects on the Gold price of a strong U.S. Dollar in the world’s foreign exchange markets is being offset by the geopolitical and military actions currently occurring around the world. The Russian build-up of troops at Ukraine's western border, Isis’ military activity and the U.S. air-strikes in Northern Iraq, the hostilities in Israel, Libya and Syria have all increased the demand for the ultimate safe haven, GOLD. The bulls won the $1,300 per ounce support/resistance level fight last week, with Gold closing at $1,311 per ounce on Friday, up $16 per ounce. I believe that the current price of Gold offers an excellent opportunity for acquiring more.

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SILVER

Last week Silver traded above $20 per ounce all five days, reaching a high of $20.58, but could not close above the important $20 per ounce support/resistance level. Silver closed at $19.94 per ounce last Friday, down $0.43 per ounce for the week. I am very disappointed with last week’s Silver price activity given the recent strength in Gold.

The Silver/Gold ratio has moved higher, and is currently at 65.56 to one.

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Rare Coin Market Update

I was in Chicago last week to attend the American Numismatic Association World’s Fair of Money. This is the largest rare coin convention of the year. Many of the coin dealers attending this convention had a serious lack of high grade certified Gold and Silver rare coins. Most of the dealer demand was focused on true Gold and Silver U.S. rarities with NGC or PCGS populations under 20 and valued at over $25,000.

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The Kennedy Gold Coin becomes a Numismatic Disaster

On August 5th at 12pm (noon EST) the U.S. Mint started selling a 3/4oz Kennedy .999 Gold Half Dollar to commemorate the 50th anniversary of the 1964 John F. Kennedy Half Dollar. The U.S. Mint had already manufactured 40,000 coins and was going to sell them to the public in Chicago, Denver Philadelphia, and Washington D.C. The original plan was for the U.S. Mint to offer 1 coin per buyer at the four locations with immediate delivery, and sell 500 Gold coins for five consecutive days. On the Mint’s website they were offering five coins per family and with no guaranteed delivery date. To see the entire story of what happened in Chicago and why I believe the Kennedy Gold Coin will become a Numismatic Disaster, click on the following link

http://www.mintstategold.com/investor-education/kennedy_2014_gold_coin/

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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 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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Weekly Market Report - 8/4/14

This Week’s Headlines:

Gold
Silver
Rare Coin Market Update
Recommended Investment Commitment and Diversification

GOLD

The fight between the Gold bulls and bears continued last week. The field for this battle was above and below the $1,300 per ounce price level. Last Wednesday in late trading Gold broke below the $1,300 level and closed at $1,296.90 per ounce. The next day technical traders and professional commodity traders sold Gold at the opening of trading, driving the price down $14.10, and Gold closed at $1,282.80. On Friday, Gold rallied $12 on profit taking and bargain buying, closing the week at $1,294.80 per ounce, down $8.50 on the week. $1,294 is the 50-day moving average; $1,285 is a short term support level, while $1,250 is the long term support level. I am hoping that the bulls will regain control of the Gold market this week, taking Gold back above the important $1,300 per ounce level.

I am really having a difficult time understanding why Gold has declined, considering what is happening around the world. The ongoing wars in Israel and Ukraine and the geopolitical problems in Iraq, Libya, and Syria, under normal conditions, would drive up the price of Gold. I believe last week’s $8.50 decline in the Gold price is a temporary setback caused by a strong U.S. Dollar, and a major seller in the Gold market who has sold over $5 billion worth on Gold on the exchange in the past two weeks. I believe, the current price of Gold offers an excellent opportunity to acquire more.

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SILVER

Last week Silver traded from $20.25 to $20.85 per ounce, closing on Friday at $20.37, down $0.27 per ounce. After moving from $18.85, on June 2nd to $21.63 on July 10th, Silver has retracted half the increase by trading down to $20.37 per ounce. $20 per ounce is a very important long term support level, and I would expect to see that level tested this week.

The Silver/Gold ratio has moved lower, and is currently at 63.56 to one.

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Rare Coin Market Update

This week I am in Chicago attending the American Numismatic Association World’s Fair of Money. This is the largest rare coin convention of the year. This convention is just starting, but the lack of fresh investment quality certified Gold and Silver rare coins is very apparent. I expect to see thousands of rare coin collectors, investors, and dealers in attending the convention. I am hoping to fill our clients’ rare coin want lists.

For the past few years I have been reporting from major coin conventions that demand for investment quality Gold and Silver U.S. rare coins has continued to grow. Many rare coin dealers are reporting that their inventories are at very low levels. At recent major conventions I have seen tremendous demand both at the auctions and on the dealer trading floor where the prices have been driven up on many of the CoinStats recommended Gold and Silver rare coins. Many of the dealers who attend these conventions have reported needing to raise both their asking and bid prices for many of their Gold and Silver rarities.

I want to thank my clients who have updated their want lists. If you haven’t already sent your rare coin want list to me or David, please email one of us your list of rare coins needed.

Back to top of report

 

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 - 7/28/14

This Week’s Headlines:

Gold
China, is the Renminbi going to be backed by Gold?
Silver
Rare Coin Market Report
Recommended Investment Commitment and Diversification

GOLD

Gold spent last week fighting to stay above the $1,300 per ounce support level. It started the week well, holding above $1,300 until Thursday when an individual, corporation, or country sold a large quantity of 100 ounce Gold futures contracts as the U.S. commodity markets opened. This is the third time that a large amount of Gold contracts has been sold in the last two weeks. These sales are valued at over $5 billion worth of Gold, and still Gold keeps rallying back to above $1,300 per ounce based on ongoing geopolitical fears. Gold ended the week at $1,303.30, down $6.10 for the week.

The shooting down of Malaysian Airlines flight MH17 over the Ukraine last week and the crisis that followed combined with the Israeli army’s move into the Gaza Strip continued to heighten geopolitical concerns worldwide. If these crises continue to worsen, it will drive more demand to the ultimate safe haven investment, Gold.

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China, is the Renminbi going to be backed by Gold?

Two very insightful and thought provoking articles on China and their Gold holdings were released last week. The first was written by Jeff Clark, Senior Precious Metals Analyst from Casey Research, called “The TRUTH about China’s Massive Gold Hoard”. The second article was written by Kwasi Kwarteng and printed in the New York Times Opinion Section, that article was called “A Chinese Gold Standard?” Both of these articles are a great follow-up to my Gold book that was released in March 2014. In my Gold book I provided information on the Chinese Government’s increasing demand for Gold. Please take a few minutes and read these two articles. I have provided direct links below…

http://www.mintstateGold.com/investor-education/cat/news/post/truthchinaGold/

http://www.nytimes.com/2014/07/25/opinion/a-chinese-gold-standard-renminbi.html

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SILVER

Last week Silver traded from $20.35 to $21.17 per ounce, closing on Friday at $20.63, down $0.25 per ounce. Disappointingly, trading volume is considered light, which is normal for a summer month. Silver spent most of the last week trying to stay above the $21 per ounce level and failed.

If Silver can stay above $20 per ounce, it remains long term bullish, but it needs to move above $21 per ounce to regain its short term momentum.

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Rare Coin Market Report

I head to Chicago, Illinois this Friday for the American Numismatic Association World’s Fair of Money. This is the largest rare coin convention of the year. This convention will be very busy with thousands of rare coin collectors, investors, and dealers in attendance. I am hoping to fill our clients’ rare coin want lists. As the certified investment quality rare coin market soars, I am seeing increasing demand from our clients for the CoinStats recommended Gold and Silver coins.

For the past few years I have been reporting from major coin conventions that demand for investment quality Gold and Silver U.S. rare coins has continued to grow. Many rare coin dealers are reporting that their inventories are at very low levels. At recent major conventions I have seen tremendous demand both at the auctions and on the dealer trading floor where the prices have been driven up on many of the CoinStats recommended Gold and Silver rare coins. Many of the dealers who attend these conventions have reported needing to raise both their asking and bid prices for many of their Gold and Silver rarities.

I want to thank my clients who have updated their want lists. If you haven’t already sent your rare coin want list to me or David, please email one of us your list of rare coins needed.

Back to top of report

 

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.

Back to top of report

Weekly Market Report - 7/21/14

This Week’s Headlines:

Gold
BRICS Countries meet to create a New International Bank
Silver
Silver Institute Reports Increasing Silver Demand in 2014
The July 2014 CoinStats is Now Available
Recommended Investment Commitment and Diversification

GOLD

A major Gold seller hit the U.S. Gold market with a massive sell order last Monday and Tuesday. After six straight weeks of increases in the Gold price, this event was what started the week with a correction, reaching a low of $1,292 before rallying back. On Monday Gold dropped $30 per ounce after an individual, corporation or country dumped $1.37 billion worth of Gold into the U.S. Commodity futures market at the opening of trading. On Tuesday that same seller dropped another $2.37 billion in Gold futures at the opening, driving Gold down $9.60 per ounce. These massive orders caught the Gold market by surprise and it got slammed $40.30 per ounce, temporarily breaking the important $1,300 per ounce support level.

By Thursday the combination of the Malaysian Commercial Aircraft having been shot down over the Ukraine and the Israeli forces moving into the Gaza Strip heightened geopolitical concerns, which drove up the Gold price by $20 per ounce. Gold ended the week at $1,309.40 per ounce, down $28 per ounce on extremely high weekly volume.

Last week’s geopolitical events stopped massive selling from driving the Gold price under its major support level. I believe that Gold’s uptrend is still intact and investors will continue to be aggressive buyers of Gold as the ultimate safe haven investment during any escalation of the current Ukrainian and Israeli crisis. Remember, I am still looking for Gold to reach the next major resistance level of $1,392 per ounce (this year’s high) very soon.

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BRICS Countries meet to create a New International Bank

On July 15 and 16 Brazil welcomed the leaders of Brazil, Russia, India, China and South Africa to the Sixth Annual BRICS summit meeting in the north-eastern Brazilian city of Fortaleza.

During the summit the five leaders agreed to create a new international development bank. The BRICS nations will initially capitalize the bank with $50 billion dollars, by contributing $10 billion dollars each, with another $50 billion in reserve. The BRICS nations are a financial powerhouse and are likely to dominate development banking. The government-owned China Development Bank already has rivaled the Western-dominated World Bank in issuing overseas loans since its formation in 1994. The bank will be headquartered in Shanghai, with the first regional office to be located in Johannesburg. India gets the first presidency which will then rotate, first to Brazil then to Russia.

The five BRICS Nations leaders also announced a $100 Billion Crisis Fund, which would compete with the IMF.

I don’t believe that it is a coincidence that all five of these countries have been building up their central bank Gold holdings for years. That is why I believe that these are just three steps that will ultimately create a unified currency designed to replace the U.S. Dollar as the world’s reserve currency.

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SILVER

Last Friday Silver closed at $20.88 per ounce, down $0.57 per ounce for the week. After six straight weeks of moving higher, Silver faced sympathetic selling when Gold dropped $30 last Monday. After breaking below the important $21 per ounce support level, Silver hit a low of $20.63 per ounce before seeing bargain buyers. I expect to see Silver move back to above the $21 per ounce level this week and resume its bullish course, reaching above the $21.60 resistance level by the end of this month.

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Silver Institute Reports Increasing Silver Demand in 2014

The Silver Institute reported last week that investor and industrial consumption of Silver has advanced at a healthy pace in 2014, which was reflected in the Silver price increasing 5% as of July 15 from the start of the year.

Building on an impressive 2013, investors continued to boost Silver holdings in the first half of 2014. Silver exchange traded funds (ETF) backed by physical Silver added seven million troy ounces of Silver bullion through June; in contrast, Gold ETF holdings dipped by 1.4 Million ounces over the same time period.

Globally, Silver bullion coin sales are up 4.5 percent through the first quarter of 2014, according to precious metals consultancy Thomson Reuters GFMS. U.S. Mint sales of American Eagle Silver Bullion coins maintained near record level sales, totaling 24.1 million ounces for the first six months of 2014, just shy of the 25 million ounces sold in the first half of 2013, threatening to overtake the record sales of 42.7 million American Eagle coins that were acquired by investors last year.

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The July 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 CoinStats is now updated for July 2014 and is available in PDF format. I have added $10 Gold Indians to the other five series of $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, which have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just insert the word CoinStats on the subject line and email me which of the six series you would like to see and which format.

I have enlarged the CoinStats algorithm by adding a new column that shows the increase in the PCGS/NGC population for 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 that it could be deducted.
  2. The coin could have been upgraded or crossed and the owner never sent in the PCGS or NGC label.
  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 the CoinStats Report when the quantities increase to a level that allows me to incorporate them into the statistical analysis

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.

Back to top of report

 

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.

Back to top of report

Weekly Market Report - 7/14/14

This Week’s Headlines:

Gold
Asia: Gold Demand increasing for the last six months of 2014
Silver
The July 2014 CoinStats is Now Available
Recommended Investment Commitment and Diversification

GOLD

In the past two weeks Gold has experienced a classic consolidation and base building period. Gold has closed between $1,318 and $1,330 per ounce, a $12 high/low price range, on a larger trading volume than is normal for a summer month. Also, during that two week time period, Gold attempted twice to breakout above the next resistance level of $1,332 per ounce, while holding its support above $1,305 per ounce. The best thing for Gold right now is for Gold to stay in a $1,305 to $1,330 trading range for this week, continuing to build the base for the breakout.

In the month of June, Gold rallied $76 per ounce (6%), breaking out of its bearish trend. I am repeating what I said in last week’s market report: “Gold should move above the $1,332 per ounce resistance level in July. Then it will move above the next major resistance level of $1,392 per ounce (this year’s high), which occurred on March 17. By year end I am looking for Gold to reach the $1,500 per ounce level, on its way to reaching a new all-time high of $1,920 per ounce by early 2016. When making an investment, the key factor has always been timing. I believe that we are now starting the next leg of the bullish move up for precious metals”.

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Asia: Gold Demand increasing for the last six months of 2014

A spokesman for the World Gold Council said today that Asia’s Gold demand will likely pick up through the rest of the year as China’s economy improves and hopes grow that India will lift its import curbs

The two countries together account for about 70% of the world’s Gold demand so consumption trends in the region have a significant impact on the price of the precious metal.

“Market fundamentals in Asia remains intact and is getting stronger,” said Albert Cheng, Managing Director for the Far East at the World Gold Council. “If we combine China and India demand, I would imagine it will be on par with last year.” This would be a substantial increase over China and India’s Gold demand over the last six months.

China’s demand grew to a record 1,100 metric tons last year, while India, the world’s No. 2 consumer, was estimated at around 975 tons. Demand in both countries fell during the first quarter of the year as investments in bars and coins slackened as growth in China slowed. An Indian import clampdown aimed at improving the country’s trade imbalance hurt their Gold purchasing numbers.

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SILVER

While Gold was consolidating in the past two weeks, Silver continued to build a firm base above $21 per ounce, making that price an excellent support level. I would like to see Silver continue to build its base by staying above the $21.00 per ounce support level. I expect Silver to continue testing $21 this week, and hope it will hold on excellent trading volume.

Silver’s next resistance level is $21.60, and then $22.22 per ounce, (the 2/24/2014 yearly high) by the end of July. I look for Silver to reach $25 per ounce by year end and to test the 2013 high of $32.48 by the end of next year. Silver is now on its way to test the all-time high of $49.84 by 2016.

Last Thursday Silver closed at $21.13 per ounce, up $2.39 (12%) for the month of June. Major short covering and fresh buying caused the June price to appreciate at the highest percentage rate since reaching $22.22 per ounce in February, 2014.

The Silver/Gold ratio has moved lower, and is currently at 62.48 to one.

Back to top of report

 

The July 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 CoinStats is now updated for July 2014 and is available either in a PDF or Excel format. I have added $10 Gold Indians to the other five series of $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, which have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just insert the word CoinStats on the subject line and email me which of the six series you would like to see and which format.

I have enlarged the CoinStats algorithm by adding a new column that shows the increase in the PCGS/NGC population for 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 that it could be deducted.
  2. The coin could have been upgraded or crossed and the owner never sent in the PCGS or NGC label.
  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 the CoinStats Report when the quantities increase to a level that allows me to incorporate them into the statistical analysis

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.

Back to top of report

 

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.

Back to top of report

Weekly Market Report - 6/30/14

This Week’s Headlines:

Gold
Gold Heading to a New All-Time High
Gold Fundamentals Have Never Looked Better
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week’s Gold trading was truly the definition of what market consolidation looks like. Gold closed between $1,317 and $1,322.60 per ounce all five trading days, with an amazingly small $5.60 high/low range. Given that one week earlier Gold had moved up $42.50 per ounce, I was really impressed that last week’s consolidation never seriously tested the $1,300 per ounce support level.

Trading volume last week for the hundred ounce August delivery Gold contracts on the CME commodity exchange surpassed the 100,000 mark on a daily basis. That consistently high daily trading volume hasn’t happened since mid-May, and is an excellent sign of fresh buying. I believe that last week’s sizable accumulation, combined with the professional short covering from a week earlier, is signaling that the direction of the Gold price is now UP.

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Gold Heading to a New All-Time High

Gold should move above the $1,332 per ounce resistance level in July. Then it will move above the next major resistance level of $1,392 per ounce (this year’s high), which occurred on March 17. By year end I am looking for Gold to reach the $1,500 per ounce level, on its way to reaching a new all-time high of $1,920 per ounce by early 2016. When making an investment, the key factor has always been timing. I believe that we are now starting the next leg of the bullish move up for precious metals.

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Gold Fundamentals Have Never Looked Better

The supply/demand fundamentals for precious metals have never looked better. These fundamentals (look at the World Gold Councils 2012 to 2014 quarterly demand numbers below) show a 13% increase in demand in the first quarter of 2014. These numbers, combined with the many geopolitical problems around the world, and all of the significant global geopolitical tensions, especially in Iraq and the Ukraine, continue to make front page headlines. These problems and similar on-going worldwide situations are causing many investors to look at Gold as the ultimate safe haven investment.

Gold moved from $276 in 2001 to $1,920 per ounce by September 6, 2011, an extraordinary 595% increase in just ten years. Then on December 31, 2013 Gold hit a low of $1,181 per ounce, a correction of $739 or (38%) in a little over two years. Now, from the start of 2014 Gold has consolidated between $1,230 and $1,392 per ounce, reversing its downward direction while building an impressive base and readying to move higher.

As both Gold and Silver markets move higher in the coming years, we should see a dramatic and very positive effect on prices. This will affect the popular bullions and Pre-1933 coins, as well as the rarer numismatic coins, which should increase at a higher percentage rate. Why? As the market moves higher, the financial media (Television, Radio and Newspapers) will become more positive on precious metals. This positive coverage will cause a sizeable increase in new precious metal investors. If only 5% of these new Gold and Silver buyers purchase investment quality certified Gold and Silver rare coins, their value should increase at a 20 to 30% higher rate than bullion coins.

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SILVER

While Gold was consolidating last week, Silver moved above the $21 per ounce resistance level and stayed there the last four trading days of the week on excellent trading volume. On Friday, Silver closed at $21.07 per ounce, up $0.13 for the week and up $2.39 (12.8%) for June. Major short covering and fresh buying caused the June price to appreciate at the highest percentage rate since reaching $22.22 per ounce in February, 2014.

I believe that the precious metals have turned bullish and are now positioned to move higher over the coming years.

Silver jumped from $4.52 in 2001 to $49.84 per ounce on April 25, 2011, an extraordinary 1,000% increase in only ten years. Then on December 31, 2013 Silver hit a low of $18.72 per ounce, a correction of $31.12 or (62%) in a little over two and half years. Now, from the beginning of 2014, Silver has consolidated between $18.62 and $22.22 per ounce, reversing its downward direction while building an impressive base, and ready to move higher.

Silver’s next resistance level is $21.60, and then $22.22 per ounce, (the 2/24/2014 yearly high) by the end of July. I look for Silver to reach $25 per ounce by year end and to test the 2013 high of $32.48 by the end of next year. Silver is now on its way to test the all-time high of $49.84 in 2016.

The Silver/Gold ratio has moved lower, and is currently at 62.63 to one.

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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 - 6/23/14

This Week’s Headlines:

Gold
What’s driving the Gold & Silver prices higher?
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold continued to move higher last week, up $42.50 per ounce, and up $70 per ounce (5.6%) from the beginning of June. What’s more important is that Gold broke through the key $1,300 per ounce resistance level and kept on going. Breaking out above the $1,300 per ounce level resulted in changing the professional commodity trader’s recent strategy to short sell rallies when Gold approached the $1,300 per ounce level. Now, the $1,300 per ounce level should act as support, and Gold should trade between $1,300 and $1,332 per ounce while building a new base. After Gold moves above the $1,332 price, its next major resistance level is $1,392 per ounce, this year’s high, which occurred on March 17th.

On Thursday, Gold increased $41 per ounce, the largest one day increase this year. That day’s trading volume on the Chicago CME Exchange (the primary exchange for U.S. commodity trading), was 237,993 hundred ounce Gold contracts for August delivery. August is the most actively traded month on the exchange and 237,993 hundred ounce Gold contracts is equal to 23,799,300 ounces of Gold, the largest amount of Gold traded on the CME this year. That quantity of Gold traded is extraordinary, given that only 87,913 contracts were traded the day before.

I can attribute 50,000 of these contracts to short covering by professional traders who quickly covered their short positions when Gold moved above the $1,300 per ounce resistance level. That leaves 100,000 contracts, or 10 million ounces of Gold, that someone decided to purchase for August delivery.

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What’s driving the Gold & Silver prices higher?

Last week’s Gold & Silver frenzy was primarily caused by a statement from the Federal Reserve Chairwoman and the military escalation in Iraq by the Sunni aided ISIS militants.

On Wednesday, the Federal Reserve Chairwoman Janet Yellen stated that U.S. interest rates will remain unchanged until the middle of next year and then will rise. Low interest rates are considered bullish for precious metals and normally weaken the value of the U.S. Dollar against the Euro and Yen.

During the past two weeks, a well-armed force of Sunni aided ISIS militants (ISIS is considered a terrorist organization by the United States) have taken control of four major cities in northwestern Iraq along the highway from Syria to Baghdad.

The Middle East has had a long history of brutality between the Sunni and Shiite sects. Many of the Sunni tribesmen are supporting the ISIS Militants’ battle against the Iraqi Shiite led army. Over the weekend there were armed conflicts between the Sunnis and Shiites on the streets of Baghdad. The U.N. refugee agency said that more than 1 million Iraqis have fled their homes because of this conflict. The U.S. has promised to deploy 300 military advisers to help the Iraqi military.

As the situation in Iraq has worsened in the past couple of weeks, the prices of oil and precious metals have moved up dramatically. Concern about an interruption in oil supplies coming out of the Middle East has resulted in a sharp increase in demand for crude oil, Gold, and Silver.

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SILVER

Many Silver investors had to be ecstatically happy last week with its 6.18% increase in just five trading days. Silver closed on Friday at $20.94 per ounce, up $1.29 for the week, and up $2.26 per ounce from the beginning of June. Last week’s price action in Silver has turned many professional commodity traders bullish on Silver. They should stop shorting Silver on rallies. In my June 16 Weekly Market Report, I stated I was looking for Silver to quickly break above the key $20 per ounce resistance level. On June 19, Silver busted through the $20 per ounce level on very heavy demand. Silver’s next resistance level is $21, then $21.60, and hopefully $22.22 per ounce, which is this year’s high, reached on February 24th, 2014. I believe that we should see these levels tested within the next few months.

With Silver up 6.18% last week and Gold up 3.34%, the Silver/Gold ratio has moved lower, and is currently at 62.85 to one.

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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 - 6/16/14

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment and Diversification

GOLD

Every day last week Gold traded increasingly higher and closed above the previous day’s price. What’s more important is that Gold closed above the key $1,250 per ounce resistance level throughout the week. Friday, Gold ended the week at $1,274.10 per ounce, up $21.60 for the week. The important resistance level to watch for now is $1,300 per ounce.

The primary news that drove Gold higher last week was the civil war led by Sunni-militants, which is causing the violence in northern and eastern Iraq. The world’s energy markets are concerned that this could spread, resulting in the possibility of a disruption in oil supplies from the Middle East, and therefore, crude oil prices did move higher last week, reaching a nine-month high. Since Gold is the ultimate safe-haven asset during times of geopolitical unrest, the Iraqi situation is driving the price of Gold higher worldwide. A year ago it was Iran; a few months ago it was the Ukraine; now it is Iraq. The Gold price is likely to move higher as Iraq tensions escalate, possibly reaching the important $1,300 per ounce level this week.

Last week, the World Bank stated that they were cutting their annual world economic growth forecast to 2.8% from their last forecast of up to 3.2% in January. Analysts feel that this news is bullish for Gold, as it is more likely that the world’s major central banks will keep their easy-money policies for longer than originally anticipated.

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SILVER

The Silver price last week outperformed Gold on a percentage basis. While Gold was up $21.60 (1.72%), Silver increased $0.66 per ounce (3.38%), closing the week at $19.65 per ounce. Like Gold, Silver was up every trading day of last week. The same Iraqi violence I mentioned earlier was the primary issue that caused it to move higher. The trading volume wasn’t especially high, just a lack of sellers. Silver never tested the key $20 per ounce resistance level last week, but it should happen this week if the Iraqi violence escalates.

The Silver/Gold ratio has moved lower, and is now 64.82 to one.

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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 - 6/9/14

This Week’s Headlines:

Gold
Something is Fishy in the Gold Market
China Trade Surplus Increases 94%
Silver
Rare Coin Report
Recommended Investment Commitment and Diversification

GOLD

On the last trading in May, Gold broke below the key $1,250 resistance level, reaching a low of $1,242 per ounce. Last week Gold tested the $1,240 price level for four days in a row, and that support level held on excellent demand. By Friday, Gold had rallied back to above the key $1,250 per ounce level, closing at $1,252.50, up $6.50 for the week.

The Gold price is now hovering just above four-month lows. Gold market bears have the firm overall short-term technical advantage. Prices are in an 11-week-old downtrend on the daily bar chart. The Gold bulls’ next upside near-term price breakout objective is to produce a close that is above the solid technical resistance at $1,268.50. The bears' next near-term downside breakout price objective is to see closing prices below solid technical support at $1,240, $1,220 and then the key $1,200 level. The first resistance level for the bulls was at last week’s high of $1,258 and then at $1,280 per ounce.

Last Thursday morning at an important European Central Bank meeting, the bankers made a decision to cut the rate for bank deposits to a negative .01%. This was done in order to stimulate the European economy, (which has been in a recession for the past 3 years) while incentivizing European banks so they would increase lending to commercial businesses. On that news the value of the Euro increased versus the U.S. Dollar, the price of Gold rallied $9 on that day, crossing over the key $1,250 per ounce price level.

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Something is Fishy in the Gold Market

I have just posted on our website an informative article from Bengt Saelensminde of Money Week called “There’s something fishy going on in the gold market”. This article discusses what has happened since January 2013, when the German Central Bank requested the return of 674 metric tonnes of Gold. The Banque de France was asked to return 374 tonnes, while the U.S. Federal Reserve in Manhattan was asked to return 300 tonnes, of the 1,530 tonnes being held by the U.S. Fed.

"Then, about a year and a half ago, Germany was rumored to be asking for an audit of its Gold held in foreign depositories. Supposedly, the American custodians said take a hike."

"…You can only imagine the Germans response to the announcement that the transfer, of their Gold back to them, would take eight years (by 2020) to fulfill."

"A full year after Germany had asked for its Gold back, only 37 tons had been delivered. What’s more, a paltry five tons came from the US. The rest was from France."

To read the complete article, Click below: http://www.mintstategold.com/investor-education/fishygold/

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China Trade Surplus Increases 94%

Over the weekend, the Chinese General Administration of Customs stated that the May trade surplus had increased to $36 Billion, up 94% from April 2014. What is important about this number is that other than increasing China’s cash reserves, their exports rose 7%, while imports declined 1.6% from the previous year. This decline in imports signals a weakening in consumer demand from the world’s second-largest economy. The May 2014 numbers confirm the concerns from many of the world’s leading economists that the Chinese economy is slowing down.

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SILVER

Last week Silver traded as low as $18.65, and traded below $19 until Thursday’s European Central Bank rate cut their news. After this announcement was made, Silver quickly rallied to $19.18 per ounce before seeing short term profit taking. Last Friday, Silver closed at $19 per ounce, up $0.32 for the week. It’s important to have Silver close above the key $19 per ounce support level this week. It can trade below $19, but continually closing above $19 per ounce may help to change many professional traders strategy of shorting Silver on rallies. The Silver/Gold ratio is now 65.95 to one.

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Rare Coin Report

I have just come back 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 last 10 years. Dealers were aggressively bidding on, and purchasing, a limited amount of high quality U.S. rare coins that were available. Because of the article in the numismatic press about my recent purchase of the 1927-D Saint for $1.3 million, our table became “Saint Central”. I was offered and purchased a small quantity of $20 Gold Rarities.

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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 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.

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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