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 Mint State Gold by Stuppler and Co

Mint State Gold by Stuppler and Co

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

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  • Weekly Market Report

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

Weekly Market Report - 6/27/16

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

Gold races to 2-year high as investors seek refuge from Brexit

Gold surges after Brexit becomes reality

China's hidden plan to accumulate Gold

A new case for Gold?

This Week’s Headlines:

Gold
Why is Brexit causing Gold/Silver to rally?
Silver
Recommended investment commitment and diversification

GOLD

Wow, Gold traded at a low of $1,251 last Thursday afternoon as it appeared that the British were going to vote to stay in the European Union. Some market analysts were predicting that Gold could test its $1,200 long term support level if the outcome of the Brexit vote was to remain in the Union. Then, in the early evening on Thursday, the Brexit vote started to change and Gold started to rally. By that night, when it was clear that the British were going to leave the European Union, the price of Gold rallied over $100. Gold reached a high of $1,357 before sellers appeared, as many of the European stock markets were down over 10% in early Friday trading.

On Friday, the Brexit vote hit the U.S. Markets, with the Dow Jones Index dropping 611 points, with the S&P 500 and Nasdaq dropping by even larger percentages. European bank stocks were hammered and the British Pound reached a record low versus the Dollar. Estimates show that over $2 trillion worth of assets were destroyed.

During this stock and currency market disaster, Gold moved to new 2016 highs. Last Friday, the Gold price closed at $1,322 per ounce, up $58 for the day on record volume. Friday's trading volume on the CME exchange reached 528,155 hundred-ounce Gold contracts, a 2016 record high. That's over 52 million ounces of .999 fine Gold (more than $68 Billion worth) in just one day. Gold has now increased $105 for the month and is up $262 (24.72%) since the beginning of the year.

Today: Gold reached a high of $1,335 per ounce in Asian trading this morning. As the markets in Europe opened, Gold held firm as equity markets (especially bank stocks and financial institutions) dropped. Many of the European currencies continued to decline.

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Why is Brexit causing Gold/Silver to rally?

The Brexit Gold rally is based on concerns that this could be a harbinger of a breakup of the European Union. This breakup will likely cause other economically strong members of the 28 nation European Union to follow Great Britain's exit. It is likely to take two years for England to withdraw from the European Union, and the uncertainty will continue to cause financial and economic problems.

Additionally, with the U.S. Dollar now increasing in value versus the British Pound and Euro, it's a good bet that the U.S. Federal Reserve will not raise interest rates this year. The repercussions of the Brexit are just starting to be made public and will continue to drive the stock markets lower, and the Gold and Silver prices much higher. I look for Gold to consolidate above the $1,300 per ounce level and gradually move higher, reaching the $1,400 per ounce resistance level next month.

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SILVER

Silver shot up with Gold last Thursday night, reaching a high of $18.35 (a new 2016 high) after trading at a $17.25 low earlier that day. During last Friday's trading, the volume for both physical and paper Silver investment items was very strong. Silver closed last Friday at $17.79, up $1.80 for the month, and up $4.01 (29%) since the beginning of 2016. The next attempt to break above the key $18 per ounce resistance level should happen next month. That would be the third attempt and the most likely to be successful.

Last week the Silver/Gold ratio increased to 74.34-to-1.

Today: Silver reached a high of $17.95 in early trading before seeing short term profit taking in the Silver market. This drove the price down to $17.60 per ounce, where it then found aggressive support.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

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REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 6/20/16

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

Trading the Platinum to Gold Ratio

Gold price: USD 65,000/oz in 5 years?

Gold could even go to $1,400; here's why

George Soros making big bets on Gold

Would Brexit really be so good for Gold?

Silver acting like 'Gold on steroids' as assets near record high

5000-year low in interest rates: bull signal for Gold

 

This Week’s Headlines:

Gold
What’s causing increased volatility in Gold & Silver markets?
What’s next for Gold?
Silver
Recommended investment commitment and diversification

 

GOLD

Last Thursday, the Gold commodity markets around the world showed a lot of trading volatility. Gold first reached a new 2016 high of $1,318.90 on Thursday, followed by a low for the week of $1,280 per ounce, then closed the day at $1,298.40 per ounce. This volatility was caused by short term profit taking on record high trading volume of over 331,781 hundred-ounce CME Gold contracts (roughly $43,000,000,000 in Gold traded - yes, that’s $43 billion!) Gold closed the week at $1,294.80 per ounce, up $23.30 per ounce for the week, up $77.30 for the month, and up $234.50 (22.12%) since the beginning of 2016.

Last Wednesday’s press conference from Federal Reserve Chairman Janet Yellen was very bullish for Gold. Chairman Yellen’s biggest surprise was the lack of any hint that the Fed is ready to raise interest rates any time soon. Prior to Yellen’s statement there was speculation that the Fed would increase interest rates in July; after Yellen’s press conference it is now pushed out to December. After the Yellen statement, Gold rallied in the U.S. and Asian markets, reaching a new 2016 high of $1,318.90 per ounce.

There is a great article on why multi-billionaire George Soros is making a big bet on Gold, click on the following link to read it: www.mintstategold.com/investor-education/cat/news/post/george-soros-making-big-bets-on-gold/.

Paper Gold investors who buy Gold under the GLD symbol (a popular ETF) are becoming increasingly aggressive. To meet the strong demand, the managers of GLD, SPDR Gold Shares, have dramatically increased their physical holdings from 642.27 metric tons of Gold on January 1, 2016 to 907.88 metric tons last week. That’s an increase of 265.61 metric tons (41%) in just 5 ½ months.

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What’s causing increased volatility in Gold & Silver markets?

To explain why volatility increases as the price of Gold and Silver moves higher, I need to identify the twelve most active precious metal players within the world’s commodity markets. They are:

1) Commodity Fund managers  7) Commodity floor brokers
2) Hedge Fund traders  8) Central Bank buyers
3) Mutual Fund professionals  9) Long term investors
4) Major financial institutions   10) Short term speculators
5) ETF brokers  11) Technical Chart traders
6) Day traders   12) Physical Gold/Silver investors

Last Thursday after Janet Yellen announced that the Fed will not raise interest rates any time soon, the Gold market exploded from $1,292 to $1,318 very quickly. The initial buying came from day traders and commodity floor brokers. Then, after Gold crossed the key $1,300 resistance level, technical chart traders and commodity fund managers became aggressive, driving the price higher. When Gold reached $1,318 per ounce, many of these precious metal players decided to take short term profits as Gold approached the $1,320 per ounce resistance level. The sell-off drove the price of Gold down to $1,280 before many were encouraged to become bargain buyers. Gold quickly rallied back to $1,298 before the close of the CME commodity exchange.

As the Gold and Silver prices move higher, many of these professionals have a bullish bias, which means buying on dips and selling into major rallies as prices approach established resistance levels. This bias has changed from the past four years, when professionals had a bearish bias, which meant to make short sales into rallies and cover those short sales on dips.

In conclusion, I believe that based on Gold/Silver’s bullish fundamentals (which I've provided in previous Weekly Market Reports), Gold and Silver will continue to set new 2016 highs, and new all-time highs over the next few years. As the prices reach resistance and support levels, we will see increased volatility in both the futures and the physical markets.

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What’s next for Gold?

I look for Gold to consolidate its recent gains for the balance of the month, trading between $1,280 and $1,315 per ounce. This consolidation will build an excellent base for Gold's next move to $1,400 per ounce. One factor that could change this prediction is the June 23rd vote by Britain to leave the 28-member European union (dubbed "Brexit"). A positive vote could push Europe back into a recession and cause monetary problems for the ECU, which would result in a strong rally in Gold and Silver.

Today: This morning Gold tested the $1,280 support level, reaching a low of $1,277. The support level held and the Gold price quickly rallied back to $1,288 per ounce. I believe the market will trade in a tight range awaiting news from Janet Yellen's testimony to Congress this Wednesday and Thursday, and the Brexit vote in Great Britain also on Thursday.

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SILVER

Silver reached a high of $17.88 per ounce last Thursday, below its $18.06 per ounce 2016 high. When it reached $17.88 we saw a dramatic increase in selling volume, quickly driving the price down to $17.17 per ounce. Like Gold, Silver has its support/resistance levels, and $17 is the current support level.

Last Friday, Silver closed at $17.41 per ounce, up $0.08 for the week, and up $3.83 (26.35%) since the beginning of 2016. This is an impressive increase considering the performance of the equity markets and the interest rates available from banks and bonds.

Last week the Silver/Gold ratio increased to 74.37-to-1.

Today: Silver is showing better demand than Gold today. After reaching a low of $17.28 this morning, Silver has rallied to $17.66 on excellent Asian and European demand.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 6/13/16

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

U.S. budget deficit expands in May, hits 2.6% of GDP over past year

Gold: it's not just a fed trade

Gold coins and bars see UK sales rise on BREXIT “nerves”

The future of Gold: a very long-term uptrend

Another Gold bull market to begin in 2016? It's possible

 

This Week’s Headlines:

Gold
Silver
Long Beach Coin Expo
Recommended investment commitment and diversification

 

GOLD

Last week was terrific for precious metal investors. Gold closed the week at $1,271.50 per ounce, up $28.60 for the week, $54 for the month, and $211 (19.92%) for the year. Last week, Gold broke above the key $1,250 resistance level and consolidated its gains, moving above $1,270 per ounce. Next week, we should see additional base building, followed by a move towards the $1,300 per ounce resistance level. The bullish trend is firmly in place and Gold will break above the 2016 high of $1,306 very soon. I strongly recommend adding additional Gold to your holdings NOW.

News was released on Friday stating that the U.S. government's budget deficit expanded in May, driven by a continued rise in spending and a decline in corporate profits that has strained government revenues. Federal spending exceeded revenues by $53 billion in May, the Treasury Department said in a monthly update Friday. Over the past year, the deficit totaled $479 billion, up 16% from a year earlier, reaching an unbelievable $19.3 trillion. To read more about this, click on the following link: U.S. budget deficit expands in May, hits 2.6% of GDP over past year.

Today: During Asian trading this morning, Gold hit a high of $1,287 per ounce. Today's precious metal rally was caused by a weaker U.S. Dollar and weaker European stock markets. These weaknesses are based on concerns about a central bank meeting this week, and the June 23 vote on whether Britain should leave the European Union.

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SILVER

Silver closed at $17.33 last Friday, up $0.97 (5.9%) for the week. Silver reached a low of $15.83 on June 1. Silver is now up 25.76% since the start of 2016, tested support last week, and will continue its bullish move. I look for Silver to break above its 2016 high of $18.06 by the end of the month.

Bloomberg reports that Silver is “acting like Gold on steroids” as it approaches 2016 highs. Read the entire article by clicking the following link: Silver acting like 'Gold on steroids' as assets near record high.

Both paper and physical Silver demand remains strong worldwide. Many official and private mints are reporting record demand, with shortages of supply. This year the U.S. Mint has been averaging monthly sales of over 4.5 million ounces of 1oz .999 Silver Eagles. Today, the U.S. Mint sales for 2016 are now 24.327 million 1oz Silver Eagles, which is higher than last year and on pace to hit an all-time record of 50 million.

Last week the Silver/Gold ratio increased to 73.37-to-1.

Today: Silver hit a high of $17.47 per ounce today as it starts its move to the $18 per ounce resistance level.

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Long Beach Coin Expo

Last week, David and I attended the Long Beach Coin Expo. This rare coin convention was attended by thousands of coin dealers, collectors and investors. It was nice to see the aisles full with rare coin buyers. Many of the dealers who attended this convention reported low inventories and that they were raising both the bid and ask prices for many of the most popular Gold and Silver rarities. This is an excellent indication that we have a firm rare coin market and the upcoming ANA's World's Fair of Money show, starting on August 10, 2016 in Anaheim, should be very active. I will be providing more information on the World's Fair of Money in my July market reports.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 06/06/16

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

Reversing Gold flows could lead to Perfect Storm

The global market for negative yielding debt is worth a colossal $10 trillion

Miner sees Silver price surging ninefold as global gadgets boom

Gold traders pay most in years to keep big bullish bets alive

Market watcher says interest rate hikes no fear for Gold investors

Gold rises to snap biggest losing run in a year

 

This Week’s Headlines:

Gold
Silver
Long Beach Coin Expo this week
Recommended investment commitment and diversification

 

GOLD

Last week was a very important directional week for the Gold price. After reaching a U.S. low of $1,201.50 on Tuesday (after the Memorial Day holiday) Gold traded in a narrow $1,208/$1,218 per ounce range until Friday. After a $50 price correction (on news that the Federal Reserve may increase interest rates in June/July) the Gold price consolidated above $1,200 last Wednesday and Thursday.

Last Friday, Gold closed at $1,242.90, up $26.20 per ounce (2.15%) for the week and up $182 (17%) since the beginning of 2016. Friday's Gold/Silver rally was caused by the U.S. Labor Department's report that the nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010. In May, manufacturing and construction employment fell sharply, suggesting slippage in the labor market that will make it harder for the Federal Reserve to raise interest rates. After the Labor Department statement, Goldman Sachs said "there is a zero percent chance the Fed will raise interest rates in June." This news was a negative for the U.S. Dollar, but a stimulus that the precious metal markets needed.

#2 on my list of "Gold's 12 most bullish fundamentals" is global negative interest rates. It was reported last week that in an effort to stimulate the world's economies, government central banks offering negative interest debt have reached over 10 trillion U.S. Dollars. Gold ownership is a major beneficiary of negative interest rates. To read more, click the following link...
The global market for negative yielding debt is worth a colossal $10 trillion.

This year Gold has rallied from $1,060 to a high of $1,306 per ounce, with a correction back to the $1,200 support level. This successful test of the long term support level represents a great opportunity to add to your precious metal holdings.

Today: During Asian trading this morning, Gold took its first June attempt to break above the $1,250 per ounce level. Now Gold is trading in a tight $10 high/low trading range between $1,239 and $1,249 per ounce.

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SILVER

Silver closed at $16.36 last Friday, up $0.10 for the week, after reaching a low of $15.83 last Wednesday. Silver started the year at $13.78 per ounce, rallied to a 2016 high of $18.06 on May 2, and sold off (along with Gold) to a low of $15.83. This was a 50% retracement from the 2016 high, before starting its recovery last week. Although last Friday's rally was disappointing, Silver is still up $2.59 (18.75%) for the year. Silver needs to move back above the $17 per ounce level to regain its bullish sentiment.

Last week the Silver/Gold ratio increased to 75.95-to-1.

Today: Silver found a sizeable amount of bargain buyers this morning when it reached a low of $16.34 per ounce. Silver quickly moved up about a dime and has been trading actively at that level since.

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Long Beach Coin Expo this week

This week, I will be in Long Beach, California for the Long Beach Coin Expo. If you are in the Long Beach Convention Center area this Thursday or Friday say hello, we are at table #826. 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 the major coin conventions that demand for investment quality Gold and Silver U.S. rare coins has continued to grow, while most dealer's inventories have been at very low levels. These fundamentals are an outstanding harbinger of much higher prices coming very soon. Many of the dealers who attend these conventions have reported raising both the ask and bid prices for many of their Gold and Silver rarities.

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

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/31/16

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

Platinum shortfall increasing according to most recent projections

Gartman says Switzerland still focal point for Gold but waning

Gold in longest slump since November as Fed signals higher rates

Huge trend changes point to something big in the Gold market

 

This Week’s Headlines:

Gold
Gold's 12 most bullish fundamentals
Silver
Recommended investment commitment and diversification

 

GOLD

Last Friday Gold closed at $1,216.70, down $36.20 per ounce for the week, and the worst weekly decline in the Gold price this year. However, Gold is still up $156 (15%) since the beginning of 2016.

After last Tuesday's break below its $1,250 support level, Gold went into a bull/bear price war on heavy trading volume. I'm sorry to say that based on Friday's trading, the bears won this short term price battle, and Gold tested the $1,200 per ounce long term support level. I shared my opinion that this would happen in last Friday's daily blog. Gold reached a low of $1,199 per ounce in Asian and European trading yesterday, during our Memorial Day holiday. This year Gold has rallied from $1,060 to over $1,300 per ounce, and a correction back to the $1,200 support level represents a great opportunity to add to your precious metal holdings.

I believe this decline in the Gold price will be the final clean out before the next major rally, taking Gold over $1,300 per ounce. Let me describe what I believe we will see. Gold will reach or breach $1,200 per ounce in the U.S., and we will see panic selling from retail investors after receiving exchange generated margin calls. Trading volume will spike and the price will close higher. Professional commodity traders refer to this as cleaning out the weak hands, while an inter-day reversal is a very bullish short term signal. This type of trading action puts the professional commodity traders and hedge funds in control of the precious metal exchange's direction. They have the financial power to meet margin calls and increase their holdings at the lows.

Last week's Federal Reserve indication that they could raise interest rates in the coming months helped the bears drive down Gold and Silver prices. A one-quarter or one-half percent raise in the Federal funds rate is a short term negative, but it doesn't affect the long term fundamentals or price direction. Let me remind you that the bullish fundamentals continue to look better and better.

Today: During Asian trading this morning, Gold reached a low of $1,199 per ounce before attracting fresh buying and short covering. Gold quickly moved back up to the $1,213 per ounce level.

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Gold's 12 most bullish fundamentals

  1. Physical demand for Gold and Silver investment products is at the strongest level in years. Many world mints report record 2016 sales for bullion coins, showing double digit percentage increases this year. Sales of U.S. Eagles to date are up 112% for Gold and 34% for Silver.
  2. Worldwide interest rates are at historic lows, with nine major countries quoting negative interest rates.
  3. Global quantitative easing (money printing) in the U.S., China, Japan, and Europe is increasing debt at an unbelievable rate. The U.S. National Debt has passed 19 trillion.
  4. The World Gold Council is reporting mine production falling dramatically as the cost of production rises.
  5. Central banks continue to trade their U.S. Dollars for Gold, thus building their Gold reserves.
  6. Stockpiles of Gold in depositories continues to drop, filling heavy physical demand. This could soon cause a short squeeze on sellers of Gold.
  7. ETF Gold investors have been aggressively buying in 2016, with GLD holdings up 1226 metric tons since January 1; a 35% increase in less than five months.
  8. Chinese investors, the world's most aggressive Gold buyers, are switching out of equities into physical Gold and Silver. Gold buying is continuing to grow.
  9. The U.S. Dollar is continuing its recent trend of weakening against the Euro, which will increase premiums on Gold, especially on the British, French, and Swiss pre-1934 Gold coins.
  10. The financial consultants, money/fund managers, and commodity professionals that are being interviewed in the financial media have become bullish on Gold and Silver. Why? Gold is up 15% and Silver is up 18% this year, compared to a 1.5% decline in the NASDAQ.
  11. More countries are repatriating their Gold being held at the NY Federal Reserve Bank.
  12. In the Basel III agreement, which is being implemented by the world banking system from 2013 to 2019, Gold will be upgraded from a Tier III asset to a Tier I asset. This will encourage many large banks to increase their Gold holdings.

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SILVER

Silver closed at $16.26 last Friday, down $0.27 for the week, but up $2.48 (18%) since the beginning of 2016. During Asian & European trading yesterday (Memorial Day), Silver reached a low of $15.91 before sizeable bargain buying appeared. If Silver closes below the key $16 per ounce support level today or tomorrow, that would be very negative for the short term price of Silver. However, if Silver could complete an inter-day reversal, similar to what I described about Gold, and quickly move above $16.15 per ounce, it would be a successful test of long term support.

Last week the Silver/Gold ratio closed at 74.82-to-1.

Today: Silver found a sizeable amount of bargain buyers this morning when it reached a low of $15.91, quickly rallying the price. Silver reached a high of $16.19 before settling back to $16.05. Silver needs to move above $16.20 to renew its bullish direction.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/23/16

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

4 practical reasons to consider reallocating some assets to Gold

Hedge funds keep betting on Silver even as rally starts to fade

 

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

 

GOLD

After Gold's five-month increase from $1,060 to $1,306 per ounce in 2016, we were due to see a minor correction. When the Federal Reserve released their latest minutes last week, we saw it. The Fed's minutes left an opening for a possible interest rate increase in June. This news caused Gold/Silver to decline sharply and the U.S. Dollar to rally. After the Fed news, Gold briefly dropped below the key $1,250 per ounce support level, reaching a low of $1,246 per ounce in Asian trading. When Gold traded below the $1,250 price level, bargain buying appeared, which rallied the price back above $1,250 on heavy volume. This is an excellent price for precious metal owners to add more Gold to their holdings.

The Fed announcement doesn't represent any serious concerns, as the U.S. Federal Reserve bank is committed to a long term low interest rate policy. But, Gold trading around $1,250 does represent a great buying opportunity.

George Soros, who once called Gold “the ultimate bubble,” has resumed buying the precious metal after a three-year hiatus. Last Monday, the billionaire investor disclosed that in the first quarter of 2016 he made a $123.5 million investment in Gold.

One of the many factors that is supporting this year's Gold rally is the continued increase of Gold into the ETF depositories (i.e., GLD). This is the vehicle that George Soros used for his 2016 Gold purchases. The GLD Gold depository has increased from 642 to 869 metric tons of Gold (35%) since the beginning of 2016, the highest level the depository has been at since 2013.

Gold closed last Friday at $1,252.30, down $19.80 for the week, but still up $193 since January 1, 2016.

Today: During Asian trading this morning Gold reached a low of $1,243 per ounce before attracting fresh buying. A move back above the key $1,250 per ounce needs to happen very soon.

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SILVER

After last week's Fed announcement, like Gold, Silver also reacted negatively, breaking below the key $17 level and reaching a low of $16.35 on Thursday. The trading volume that day was 73,669 five-thousand ounce contracts (368 million ounces), the highest trading volume this month. Last Friday, Silver closed at $16.53 per ounce, down $0.60 for the week, but still up $2.75 since the beginning of 2016.

Both paper and physical Silver demand remain strong worldwide. Many official and private mints are reporting record demand, with shortages of supply. This year the U.S. Mint has been averaging monthly sales of over 4.5 million ounces of 1oz .999 Silver Eagles. Today, the U.S. Mint sales for 2016 are now almost 22 million 1oz Silver Eagles which is higher than last year and on pace to hit an all-time record of 50 million.

Last week the Silver/Gold ratio closed at 75.80-to-1.

Today: Silver found excellent demand when it reached $16.30 per ounce in early morning Asian trading.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/16/16

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

Gold has entered a new bull market: JPMorgan

Alice in Wonderland economics leads us towards Gold

WGC 2016 Q1 Gold Demand report

I'm with Stan Druckenmiller, Gold has every reason to rise

The scale of the Gold market

 

This Week’s Headlines:

Gold
Silver
Platinum
Recommended investment commitment and diversification

 

GOLD

Last week Gold continued to consolidate its 2016 gain of $200+. Gold traded between $1,258 and $1,289 all last week on excellent volume. Last Friday Gold closed at $1,273, down $21 for the week, but still up $212 for the year. I believe Gold will break out of this consolidation phase by month end and move above the key $1,300 per ounce resistance level.

Starting June 1, China's customs and central bank will allow companies that have done frequent cross-border Gold transactions to apply for a single permit that will allow up to 12 Gold shipments per year. This should increase Chinese Gold demand.

"In the second quarter, $1,300 to $1,400 is a fairly reasonable price for Gold as the central banks are not going to raise interest rates any time soon," said Mark To, head of research at Wing Fung Financial Group in Hong Kong. "I think overall sentiment is very positive for the Gold market."

Look for a major increase in demand for Gold this week as India starts the festival of weddings. India, the world's second largest user of the precious metal, has seen a surge in demand to the highest level in two years.

One of the many factors that is supporting this year's Gold rally is the continued increase of Gold into the ETF depositories (i.e., GLD). The GLD Gold depository increased 47-tons since the beginning of May, and now stands at 851.13 tons of Gold, the highest level since 2013.

Today: Gold opened $5 higher this morning in Asian trading on news of a slowing in Chinese economic growth and a small selloff in Asian stock markets.

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SILVER

Last week Silver tested its $17 per ounce support level three times and surprisingly held all three times. Last Friday Silver did reach a low of $16.85 per ounce but rallied back to close at $17.13, down $0.39 for the week but still up $3.36 since the beginning of 2016.

$18 is a very important resistance level for Silver. A confirmed break above $18 would be very bullish for Silver and a major step toward $20 per ounce.

Both paper and physical demand remain strong worldwide. Many official and private mints are reporting record demand, with shortages of supply. This year the U.S. Mint has been averaging monthly sales of over 4.5 million ounces of 1oz .999 Silver Eagles. 2016 sales are now almost 21 million 1oz Silver Eagles which is higher than last year and on pace to hit 50 million.

Last week the Silver/Gold ratio closed at 74.29-to-1.

Today: Silver reached a low of $17.04 (above the key $17 per ounce support level). At that point bargain buying appeared and the Silver price rallied $0.20 on excellent volume.

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PLATINUM

Platinum closed last Friday at $1,052 per ounce, down $33 last week. As Gold moves higher this year, it appears that Platinum is moving up at a higher percentage. Platinum is trading at more than a $200 discount to the spot Gold price. This has only happened four times in the past twenty years, and Platinum rarely stays at a discount to Gold for more than a year. The Canadian Platinum Maple Leaf is the best bullion coin on the market, with the lowest premium over spot Platinum.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/9/16

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

Investors – and Donald Trump – are loving Gold. How long will the rush last?

Exceptional growth in key sectors leads to record high Silver demand in 2015

Druckenmiller loads up on Gold, saying bull market exhausted

Gold could rise by 50%

Corporate defaults and Gold

 

This Week’s Headlines:

Gold
Negative interest will help Gold reach $1,500 in 2016
Silver
Platinum
Recommended investment commitment and diversification

 

GOLD

Gold closed last Friday at $1,294, up $3.50 per ounce for the week and up $233.70 since the beginning of 2016. Gold temporarily traded above the key $1,300 resistance level last Monday and Tuesday. For most of last week Gold consolidated its recent gains by staying in the $1,250 to $1,300 per ounce trading range. I expect to see Gold continue to consolidate its price and support as it gets ready to make the next attempt to break above the key $1,300 per ounce level.

One of the many factors that is supporting this year’s Gold rally is the continued increase of Gold into the ETF depositories (i.e. GLD). The GLD Gold depository increased 20-tons last week, up 192 tons (30%) since Jan 1, 2016. Other factors supporting this year’s Gold rally were disclosed in last week’s Weekly Market Report section called “Gold’s 12 Most Bullish Fundamentals”. You can read that section here: Gold's 12 Most Bullish Fundamentals

Today: A short term rally in the U.S. Dollar has negatively affected both Gold and the commodity market this morning. Gold demand remains strong.

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Negative interest will help Gold reach $1,500 in 2016

If higher interest rates are a negative for the Gold price, negative interest rates are a major positive.

What are negative interest rates?
Negative interest rates occur when a Central Bank charges its depositors to keep their money in an account. Many of Europe’s central banks have cut key interest rates to below zero, and have kept them there for more than a year.

Why are eight of the World’s largest Central Banks telling their regional and international banks that they must pay interest if they want to deposit their excess funds with the Central Bank?
They are doing this in a bid to reinvigorate their economies as other options are exhausted. Because of the weak economies in many of these countries, combined with the low credit worthiness of potential lenders, many banks are not lending. Most of these Central Banks are continuing with their quantitative easing programs, with little to no positive economic growth. All that the quantitative easing programs are doing is building up the reserves of large regional and international banks.

The main reason for Central Banks using negative interest rates is to encourage large regional and international banks to lower their lending standards and become aggressive lenders to medium and large companies.

Stimulating world economic growth with quantitative easing done by central banks will surely diminish the value of all paper money and start a new inflation cycle. This, combined with renewed lending from banks, will lead to massive increase in the velocity of currency growth.

These are just a few of the many reasons Gold has increased over 20% since the beginning of the year. I now believe we will see $1,500 per ounce by the end of 2016.

The following are links to articles from Bloomberg View and Fortune Insiders that explain the potential effects and dangers that negative interest rates will lead to.

Negative Interest Rates: Less Than Zero

Here's Why Negative Interest Rates Are More Dangerous Than You Think

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SILVER

Silver, the precious metal super star for April, spent last week consolidating its 2016 gains. Silver closed last Friday at $17.52 per ounce, down $0.29 for the week, but still up $3.75 (27%) since the beginning of 2016.

$18 is a very important resistance level for Silver. A confirmed break above $18 would be very bullish for Silver and a major step toward $20 per ounce.

Both paper and physical demand remain strong worldwide. Many official and private mints are reporting record demand, with shortages of supply. This year the U.S. Mint has been averaging monthly sales of over 4.5 million ounces of 1oz .999 Silver Eagles. 2016 sales are now at 20 million 1oz Silver Eagles which is higher than last year, and on pace to hit 50,000,000.

Last week the Silver/Gold ratio closed at 73.83-to-1.

Today: Silver is testing its $17 per ounce support level. After seeing a 30% increase this year when Silver hit a high of $18.06, it is expected that we would see it pull back. I believe Silver will hold the key $17 per ounce support level.

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PLATINUM

Platinum closed last Friday at $1,085 per ounce, up $7 for the week. As Gold moves higher this year, it appears that Platinum is moving up at a higher percentage. Platinum is trading at more than a $180 discount to the spot Gold price. This has only happened four times in the past twenty years, and Platinum rarely stays at a discount to Gold for more than a year. The Canadian Platinum Maple Leaf is the best bullion coin on the market, with the lowest premium over spot Platinum.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

Back to top of report