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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 - 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.

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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.

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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.

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 - 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.

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 - 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.

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 - 6/9/14

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.

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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 - 6/2/14

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment and Diversification

GOLD

In my May 27th 2014 Weekly Precious Metal Report I complained that the Gold and Silver price activity in the past two months was as exciting as watching paint dry. Not anymore, as last week Gold and Silver’s trading volume and price volatility picked up dramatically. On the last trading day of May, Gold dropped $11 per ounce, down $45 for the week, closing at $1,246, the lowest price since February 3, 2014.

I can only explain Gold ending the month on its lows by saying that many commodity house and mutual funds managers don’t want to report to their investors that they had lost client’s funds in precious metals, so they sell late in the month and purchase back early the next month.

Last week’s Gold trading showed good support at $1,265 and $1,250 per ounce, but both levels didn’t hold. Since Gold has broken down below support level, it could test the $1,230 per ounce or maybe $1,200, if it doesn’t rally back above $1,250 per ounce early this week.

What caused last week’s price drop in Gold? A combination of a stronger U.S. Dollar versus the Euro and Yen, slowing demand for physical metal, and reports of improving U.S. economic indicators, are driving down prices. Precious Metal traders believe that if the U.S. economy continues to recover it is likely that the Federal Reserve will start to increase interest rates which is negative for precious metals.

What was really surprising last week was the lack of Gold and Silver sellers. Normally, after breaking major price support levels, I receive calls from concerned precious metal owners who wish to unload all or part of their holdings. It wasn’t just my company it was nationwide, as the premiums for precious metal investment products were unchanged or even higher. If there is any serious precious metal selling the premium on physical Gold and Silver products drop.

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SILVER

In the face of the drop in the price of Gold, Silver showed extraordinary strength, holding above the $19 per ounce level until Friday. Last Friday, when Gold broke down below the $1,250 level, the Silver support disappeared and it traded as low as $18.62 per ounce. For the week, Silver dropped $0.74 per ounce, closing at $18.68 before rallying in late trading to $18.81. The Silver/Gold ratio is now 66.70 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 BLOG

If you want to be updated on what is happening in the Gold, Silver, and Rare Coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com

 

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

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REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/27/14

This Week’s Headlines:

Gold
Silver
Rare Coin Market Update
Recommended Investment Commitment and Diversification

GOLD

For the past 60 days the Gold and Silver price has traded in a very tight range. Call it quiet, consolidation, or just plain unexciting, it has become increasingly difficult to write a Blog or Weekly Market Report about these markets. Gold has not had such a tight range for a two month period since the summer of 2007, when it was trading at under $700 per ounce. In the past two months, Gold has traded in only a $63 range on average volume. Now, we are going into the summer months when traditionally the precious metal markets have light volume and quiet trading. What this market needs is some supply/demand or geopolitical news that would breathe some excitement back into many of the commodity houses and professional traders.

Gold has held up well in the $1,300 per ounce area, considering that the World Gold Council recently disclosed that Chinese Gold demand fell 18% in the first quarter of 2014, as the world’s biggest Gold consumers bought fewer coins and bars. However, the Russian central bank purchased 900,000 ounces of Gold (worth $1.17 Billion) in April 2014.

The $1,300 per ounce support/resistance level continues to be the focus for many traders and analysts. Last week, Gold crossed the $1,300 level twice during trading, but couldn’t close above. Last Friday, Gold closed at $1,291.70, down $1.70 per ounce for the week and up $90 for 2014.

This morning, the Gold price is testing the May 5th low of $1,266.80 on the highest volume of the month. This could be the final clean out before the bullish trend continues if the Gold price can hold above the support level.

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SILVER

The Silver price continues to be boring trading in the $19 to $20 per ounce range, which makes watching paint dry look exciting. Last Friday, Silver closed at $19.41 per ounce, up $0.09 for the week and down $0.04 since the beginning of 2014. The volume of trading in the Asian, European and U.S. markets has been light, not a good sign for a rally.

The Silver/Gold ratio is now 66.52 to one.

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Rare Coin Market Update

While precious metal prices have been quiet during the past 2 months, the Gold and Silver rare coin market has been anything but. I just returned from PCGS’s Las Vegas Trade and Grade Show. This is primarily a trade show with about 30 of the largest numismatic companies in the U.S. Many of the dealers are reporting increased sales of investment quality PCGS/NGC certified U.S. Gold and Silver coins. Dealers are showing increasing sales combined with lower inventory levels which makes it very difficult to purchase coins to fill my client want lists. Many dealers are offering aggressive bid prices when a Gold or Silver rarity becomes available.

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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 - 5/19/14

This Week’s Headlines:

Gold
John Paulson Holds On to his Major Gold Investment
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold rallied above the key $1,300 per ounce level last Wednesday based on renewed violence between Ukrainian soldiers and Pro-Russian separatists and weak U.S. economic news from the April Producer Price Indicator. Then, on Thursday, weak unemployment numbers combined with a better than expected Consumer Price Index drove Gold down $12 per ounce. Last week Gold had a $32 price range ($1,277 to $1,309 per ounce), closing the week at $1,293, up $6 per ounce.

The Gold price is at a critical level right now. It has been trading above and below the important $1,300 per ounce level for the past two months. In that period of time Gold has traded as high as $1,331 and as low as $1,268 per ounce. That price range is considered the current Gold trading range, and I would expect to see a breakout of that range very soon. The only question is which direction Gold will go. Although I feel that Gold has a 30% chance of testing the lows within the next month, I also feel that the long term direction for Gold is much higher than the current levels. Based on the current supply/demand numbers, the world’s geo-political problems and Gold’s major fundamentals, I can easily see Gold up 15% during the balance of 2014.

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John Paulson Holds On to his Major Gold Investment

Billionaire hedge fund manager John Paulson stayed with his holdings in the biggest exchange-traded product backed by Gold as prices rebounded on the escalating tension between Ukraine and Russia. For the complete story click on http://www.mintstategold.com/investor-education/cat/news/post/paulsongold/

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SILVER

Silver continues to be stagnant in the $19 to $20 per ounce price range, thereby making many professional commodity traders wealthy. Their current trading strategy has been to short Silver when it approaches $20 and to cover those sales when it trades below $19.40. Last week Silver closed at $19.32 per ounce, up $0.21 for the week. The Silver/Gold ratio has hit a new 2014 high of 66.91 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 - 5/12/14

This Week’s Headlines:

Gold
Chinese Consumer Inflation at 18 Month Low
Silver
Silver Institute April 2014 Report
Recommended Investment Commitment and Diversification

GOLD

Gold rallied back above the key $1,300 per ounce support level on May 2nd and stayed above for the next two trading days, until Wednesday May 7th. On that day Russian President Putin stated he would move his troops back from the eastern Ukraine border and discuss a settlement to the crisis with ECU & US leadership. Considering Gold rallied $20 per ounce on May 2nd when the Ukrainian military activity increased, it wasn’t surprising to have a $20 decline when hostilities calmed down.

During last week, Gold stayed within its recent $1,280 to $1,315 per ounce trading range. Precious metal professionals and traders are watching Ukrainian and Russian military movements, or any negotiations for an indication of price directions. A break below the May 2nd low of $1,272 per ounce would be very negative and could drive Gold down to $1,260. A move above the $1,315 per ounce level would drive the short selling to cover the sales and take the price back to the $1,350 per ounce level.

Gold closed last Friday at $1,287.60, down $15.30 for the week and down $8.30 since the beginning of May.

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Chinese Consumer Inflation at 18 Month Low

April Chinese consumer prices rose 1.8% vs. a year earlier, down from 2.4% in March, with the smallest gain in 18 months amid slower economic growth. Factory-level prices fell 2% vs. a year earlier, for the 26th straight decline. The price data spurred calls for more aggressive gov't efforts to help the world's No. 2 economy. Beijing has been wary of big stimulus measures after a 2008 government spending boom resulted in many bad investments and debts for cities and provinces. Should China decide to announce a major economic stimulus package it would be very bullish for the precious metal price.

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SILVER

After making a new 2014 low of $18.69 per ounce May 1, Silver closed above $19 per ounce every trading day last week, ending the week at $19.12, down $0.43 per ounce for the week. Silver continues to be weaker the Gold as physical demand for Silver investment product has slowed down. The Silver/Gold ratio has hit a new 2014 high of 67.34 to one.

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Silver Institute April 2014 Report

Silver Institute provides an updated look at Silver jewelry demand and many exciting usages for Silver in Medical, Health and Purification products and services. To read the complete report click on the following link http://www.mintstategold.com/investor-education/silvernews/

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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 - 5/5/14

This Week’s Headlines:

Gold
N.Y. Federal Reserve holds 1,000 Oz of Gold for Italy that could be Repatriated
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week Gold sold off Monday, Tuesday, Wednesday and Thursday, dropping to $1,283.40, down $17.40 per ounce. Then, on Friday, Gold opened lower, hitting a low of $1,272 per ounce. At that point a news report was released saying that the Ukrainian military was moving to take back a Russian separatist-occupied city in eastern Ukraine. Plus, news of two Ukrainian helicopters being shot down prompted professional commodity traders to buy, covering their short sales. Remember, during times of military or economic turbulence investors run to a safe haven investment, and over thousands of years Gold is that best vehicle.

Going into the weekend, traders do not like to be long or short, because Gold is considered too volatile during times of military unrest. The trading volume last Friday was on the highest of the week, which drove up the price of Gold to a high of $1,304.90. Last week ended with Gold at $1,302.90, up $2.10.

During the past month the primary direction of the price of Gold has been negative. However, the Ukrainian crisis has driven up the price to over the key $1,300 level. What does this mean? If the situation in the Ukraine worsens Gold could test the $1,330 resistance level, otherwise the short term direction is back to $1,280 per ounce.

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N.Y. Federal Reserve holds 1,000 Oz of Gold for Italy that could be Repatriated

Italy’s central bank, the Banca d’Italia, has recently published an important document detailing the storage locations and composition of the country’s Gold reserves. The document confirms that Italy’s Gold is held across four vault locations, three of which are outside Italy.

Banca d’Italia documents show there could be anywhere between 1,000 tonnes and 1,200 tonnes of Italian Gold in the Federal Reserve Bank in New York. The fact that the initial Gold repatriated from New York by the Bundesbank needed seven years to complete, the extended time required indicates that it needs to be melted down and recast (suggesting that it was low grade coin bars). This information does not inspire confidence for the Banca d’Italia who might face a similar problem if it attempts any Gold repatriation from New York Federal Reserve Bank.

For the full story read http://www.mintstategold.com/investor-education/italygoldnyfed/

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SILVER

Silver was also lower the first four days of last week, followed by a $0.50 per ounce rally on Friday. Thursday of last week, Silver made a new 2014 low of $18.69 per ounce. What was very disappointing about setting a new low was that even though Silver rallied back to $19.04 on that day, the trading volume was light. Moving above $20 per ounce is the key for Silver to become bullish again. The last time Silver saw $20 per ounce was back on April 15th.

Silver ended last week at $19.54, down $0.15 per ounce. The Silver to Gold Ratio is now at 66.66 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 - 4/28/14

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week as the Ukrainian crisis heated up, the Gold price moved up quickly. Last Thursday, in early morning Asian trading, the price of Gold was under the bear’s control. They were able to push the Gold price to below the $1,275 per ounce support level, to a low of $1,268, the lowest price since February 11, 2014. Then, news came out that pro-Russian insurgents seized a vehicle with international mediators in the Ukraine, which escalated the crisis. After the Ukrainian news was released, the Gold price quickly rallied back $20 per ounce on heavy trading volume and kept on going higher, reaching $1,299 per ounce before seeing some short term profit taking.

For the week, Gold was up $6.90 per ounce, closing above the important $1,300 per ounce resistance/support level, at $1,300.80. Today, Gold is trading in a narrow $14 range, above and below the $1,300 per ounce level.

The coming week will provide a good amount of U.S. economic data, with an FOMC (Federal Open Market Committee) meeting of the Federal Reserve on Wednesday, a GDP report on Wednesday, and an April jobs report on Friday from the Labor Department. These economic indicators are likely to affect the Gold and precious metal markets.

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SILVER

Last week, even though Gold was able to break above the key $1,300 per ounce resistance level, Silver wasn’t able to move above the $20 per ounce resistance level. After reaching a yearly low of $18.93 per ounce last Thursday, while Gold was trading at $1,268, Silver could only rally to $19.91. This lack of Silver’s ability to break the $20 per ounce level last week is very disappointing and supports the professional commodity trader’s strategy to short Silver when it gets near $20.

For the week, Silver closed at $19.69 per ounce, up $0.09 per ounce. The Silver to Gold Ratio is now at 66.06 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 - 4/21/14

This Week’s Headlines:

Gold
Ukrainian Crisis Heats Up but Gold Doesn’t Move Higher
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold had a high/low trading range of $47 per ounce last week ($1,331.40 to $1,284.40). It closed the week’s trading on Thursday at $1,293.90 per ounce (Friday the market was closed for the Good Friday holiday). Gold dropped below the key $1,300 per ounce level, losing $25 per ounce during last week’s holiday shortened trading. Today, due to the sharp outflows from the world's biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar, Gold could not rally back above $1,300 per ounce. The Gold stockpile at GLD dropped to 795.14 tonnes, the lowest level since January. After an overnight attempt to rally, Gold has traded down, reaching a low of $1,280 per ounce.

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Ukrainian Crisis Heats Up but Gold Doesn’t Move Higher

The crisis in Eastern Ukraine heated up over the weekend with pro-Russian insurgents occupying Official buildings, while Ukrainian Security forces became more aggressive. An armed clash early Sunday near the city of Slovyansk is the latest clash between pro-Russian and Ukrainian forces after an international agreement was reached last week in Geneva. A worsening of the Ukrainian crisis is considered to be bullish for Gold and the fact that Gold is lower today is surprising.

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SILVER

The price of Silver traded from $19.22 to $20.14 per ounce all of last week. It is clear that Silver’s important $20 per ounce support level has not been able to hold. Professional traders continue to sell Silver (short sales) when it approaches $20 and buy it in the $19.20 to $19.50 per ounce area. Any prolonged break below $19.20 per ounce could easily cause Silver to drop to $18.70, which was the Dec. 31, 2013 low.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% of investment capital

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

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

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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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