Bread Crumb Link
 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.

Store search

Store categories

Store pages

  • Weekly Market Report

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

Weekly Market Report - 5/22/17

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

The Silver to Gold Ratio, As Undervalued as at Anytime In History

Gold Prices Rise Most in 11 Months as US Politics Poison Markets

Gold's Haven Status Refreshed as Trump's Turmoil Wounds Stocks

Gold Prices Jump Over 200-DMA as Trump-Comey 'Nears Impeachment', T-Bond Yields Fall with Dollar

Bargain Hunting Giving Gold Prices Some Lift

 

This Week’s Headlines:

Gold
Fundamentals for a major rally in precious metals are in place
Silver
Recommended Investment Commitment and Diversification

 

GOLD

Last week, many of Gold’s indicators turned bullish and the price reacted with a $26 per ounce rally. Gold reached a high of $1,265 last Thursday, before seeing short-term selling. On Friday, Gold closed at $1,253.60, above the key $1,250 support/resistance level. In the past 30 days the Gold market has displayed excellent consolidation between $1,216 and $1,297 per ounce. I believe this activity is building a base for a move above the next long term resistance level of $1,300 per ounce.

Whether you are a supporter or critic of President Trump, you have to agree that the financial markets are behaving as if they are losing confidence in him. Last week, the U.S. equity markets were down 5%, the U.S. Dollar dropped below 97.00 (the lowest level this year), and 10-year interest rates are at 2.23% (again, near a 2017 low). The financial markets are looking forward to tax reform legislation this year, yet the more the markets lose confidence in President Trump, the greater the likelihood of that legislation not passing.

Today: Gold’s rally continues this morning, with Gold hitting $1,261 per ounce, as the U.S. Dollar continues to decline.

Back to top of report

 

Fundamentals for a major rally in precious metals are in place

  • A weaker dollar with the Dollar Index below 97, a 2017 low
  • 10-year Treasury interest rates are at 2.23%, near a 2017 low
  • Strong inflows into the Gold ETF’s
  • Weaker equity markets as we approach the summer months (the Trump rally is over)
  • Increasing concerns about Russia influencing the 2016 election
  • Syrian issues are not improving
  • North Korean threat is escalating
  • Healthcare is now locked in the Senate
  • A 2017 Tax Reform bill is now questionable
  • The world’s central banks continue to increase their Gold holdings
  • Back to top of report

     

    SILVER

    Silver is experiencing high volatility and increasing futures trading volume, as it tested both the $16 support level and the $17 resistance level during the last nine trading days. Last Friday, Silver closed at $16.80 per ounce, up $.40 for the week, and nearing the important $17 resistance level. Silver moved back above the key $17 per ounce level today. I look for a short-term period of base building above $17, then the month of June could prove to be exciting.

    As we approach June, I remember how explosive Silver behaved in June of 2016. Silver traded at $15.92 per ounce on June 1, 2016, and by July 5, 2016 Silver had reached a high of $21.23. That’s a $5.31 increase (33%) in just a little over a month.

    The Gold/Silver ratio is at an astonishing high of 74.64-to-1.

    Today: This morning Silver quickly moved above the key $17 per ounce resistance level in Asian markets, then continued the rally in the Middle Eastern, European, and U.S. commodity markets. Silver hit a high this morning of $17.18 per ounce.

    Back to top of report

     

    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

    Weekly Market Report - 5/15/17

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

    Global Silver Mine Production Drops in 2016 for First Time in 14 Years

    Gold vs Trumponomics

    China’s Private Investor Gold Surge Seen As Strong Signal

    India April Gold Imports More than Double to 75 Tons

     

    This Week’s Headlines:

    Gold
    Silver
    2017 Proof 1oz Gold Buffalo now available
    Recommended Investment Commitment and Diversification

     

    GOLD

    Last week we saw the turn in precious metal prices. Gold made a new 60-day low last Tuesday at $1,214 per ounce before heavy trading volume started pushing the Gold price higher. Gold closed last week at $1,227.70 per ounce, up only $1, however, after the recent $60 decline, Gold found sizeable bargain buyers worldwide. This turn happened in the face of a stronger U.S. Dollar and a higher 10-year Treasury yield which put pressure on the Gold price.

    The recent slide in the Gold price gives our clients an excellent opportunity to add to their holdings at an attractive price. The risk/reward numbers are strongly in favor of Gold buyers. You risk a possible $30 decline if Gold hits the $1,200 per ounce support level, but if Gold reaches its April 17 high of $1,297, your reward is $67 per ounce. I think we will see Gold break above the $1,300 per ounce level very soon, especially if something happens with North Korea.

    Today: Gold rallied this morning as we saw continued weakness in the U.S. Dollar. Chinese President Xi has indicated that he will spend 78 billion for infrastructure projects, helping prop up the value of Gold.

    Back to top of report

     

    SILVER

    Last week, Silver followed Gold’s lead, reaching a low of $16.06 per ounce on last Tuesday’s close. That was Silver’s lowest close for 2017. Friday, Silver quickly rallied back to close on at $16.40 per ounce, up $0.13 for the week and up $0.34 from the week’s low. Silver offers an extraordinary opportunity for both long and short term investors.

    The Gold/Silver ratio has increased to an astonishing 74.85-to-1.

    Today: In overnight trading, there was good physical Silver buying from Far East markets as tensions with North Korea continue to be on the minds of most everyone in that region.

    Back to top of report

     

    2017 Proof 1oz Gold Buffalo now available

    Last Thursday, May 11, the U.S. Mint sold the 2017 1oz Proof Gold Buffalo at $1,590. We purchased hundreds of these proof coins and will immediately submit them to PCGS and NGC, hoping to get a fair percentage of First Strike and Early Release Proof-70 Ultra Cameo coins.

    If you wish, you can pre-order your 2017 1oz Proof Gold Buffalo, certified a perfect Proof-70 Ultra Cameo from PCGS or NGC, at a check or wire price of only $1,695, which includes our Exclusive Lowest Price Guarantee. Please see the details in our 2017 Gold Proof Buffalo client email sent last week.

    Please click on the link below to order online or call us toll-free at 1-888-454-0444 to order by phone.

    https://www.mintstategold.com/gold/us-mint-1/american-gold-buffalo-coins/proof-american-gold-buffalo.html

    Back to top of report

     

    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

    Weekly Market Report - 5/8/17

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

    Precious Metals Watch No Reason to Worry

    Gold Imports by India Climb to Highest in More Than Two Years

    Bank of England Gold Vaults Bled 1500 Tons of Gold over 2013-2016 New Data Shows

     

    This Week’s Headlines:

    Gold
    Silver
    Informative Story for Precious Metal Investors
    U.S. Mint releasing 2017 Proof 1oz Gold Buffalo
    Recommended Investment Commitment and Diversification

     

    GOLD

    Last week wasn’t pretty for Gold investors. During those five trading days, Gold declined $41.40 per ounce, closing last Friday at $1,226.90 per ounce. A number of factors caused the drop in the Gold price: 1) The French election results, and last Thursday’s polls, showed Macron leading Marine Le Pen 60%-to-35% 2) The 10% drop in the price of crude oil 3) The Federal Reserve giving strong indications of an interest rate increase in June 4) Professional traders and chart analysts selling Gold after it broke below the key $1,250 support level.

    This slide in the Gold price gives our clients an excellent opportunity to add to their holdings at an attractive price. I think we will see Gold break above the $1,300 per ounce level very soon, especially if something happens with North Korea. The Gold price may test its next support level; however, I continue to believe that Gold will move back on its bullish track very soon.

    Today: The Gold market is showing excellent price support above $1,225 per ounce, after last week’s decline. Neither Le Pen’s loss in the French Election, the stronger US Dollar, nor the higher 10-year Treasury yields seem to have had any negative impact on the price of Gold this morning.

    Back to top of report

     

    SILVER

    Last week, Silver followed Gold lower, reaching a low of $16.27 per ounce at Friday’s close. Silver sold off a whopping $0.99 last week, an unbelievable 5.72% correction in just a week. At this price, we should see heavy bargain buying in Asian, European, and Middle-Eastern markets. From a risk/reward vantage point, Silver offers an extraordinary opportunity for both long and short term investors.

    The Gold/Silver ratio has increased to an astonishing 75.39-to-1.

    Today: Silver has shown good support above $16.23 per ounce this morning. A quick rally back above $16.50 per ounce would be helpful for trader sentiment.

    Back to top of report

     

    Informative Story for Precious Metal Investors

    Last week, a long-time client came in to sell me 200 1oz Gold Eagles that he had purchased in March of 2013. He was taking almost a $68,000 loss on them and I asked him why he was selling. He explained that on the same day he had purchased the Gold in 2013, he had also purchased 1,000 shares of Apple Stock at $66 a share. Last Thursday, the day he came into my office, he had just sold the Apple shares for $146,000, making a nice profit of around $80,000 in capital gains. So, since he had originally purchased the 200 Gold Eagles for $322,000, and was now selling them to me at $254,000, he also has a $68,000 capital loss. Therefore, he will pay capital gains tax on only $12,000 ($80,000 gain - $68,000 loss = $12,000 net gain). Plus, he’ll have $400,000 ($146,000 + $254,000) to buy more Gold at the current low price in 30 days.

    This transaction got me thinking about the current timing and best way to maximize a precious metal tax loss sale. With the recent strength of the U.S. Dollar, the $20 Gold Liberty and Saint Gaudens premiums have dropped to less than 5%. This is an all-time low premium for a Brilliant Uncirculated Gold $20 coin minted between 1890 and 1928. So, an extraordinary tax trade would be to sell any 1 ounce Gold Eagles, Buffalos, Maple Leafs or Krugerrands you may have purchased between 2011 and 2013. It’s an outstanding trade, plus you receive a capital loss and can use it to offset any capital gains profits in stocks, bonds, real estate or other investment products.

    Back to top of report

     

    U.S. Mint releasing 2017 Proof 1oz Gold Buffalo

    On Thursday, May 11, the U.S. Mint will offer for sale the 2017 1oz Proof Gold Buffalo. We will be purchasing hundreds of these coins and will immediately submit them to PCGS and NGC, hoping to get a fair percentage of First Strike and Early Release Proof-70 Ultra Cameo coins. We should learn the U.S. Mint’s issue price later this week.

    If you wish to purchase a 2017 1oz Proof Gold Buffalo, certified as perfect Proof-70 Ultra Cameo from PCGS or NGC, please contact us. We will put you on our preferred client list and give you our Lowest Price guarantee.

    Back to top of report

     

    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

    Weekly Market Report - 5/1/17

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

    China's net-gold imports via Hong Kong more than doubles in March

    Silver price to rise in 2017 on renewed investor interest

    French relief triggers sharp losses in Gold prices, North Korea still in focus

    Hedge funds jump on Gold for life raft as Dollar ship sinks

    U.S. Government can keep 1933 $20s

     

    This Week’s Headlines:

    Gold
    Silver
    Rare Coin report
    Recommended investment commitment and diversification

     

    GOLD

    Last Friday, Gold closed at $1,266 per ounce, down $23 per ounce from the 2017 high of $1,289 reached on April 21. The slide in the Gold price started on Monday, after Marine Le Pen, leader of the National Front, came in second in the French runoff. She had campaigned on a promise to ditch the Euro and pull France out of the European Union. If France did drop the Euro and replace it with the French Franc, that would be very bullish for Gold. With Le Pen coming in second and being a clear underdog for the final election, it wasn't surprising to see lower Gold and Silver prices and a higher Euro last week.

    This slide in the Gold price gives our clients an excellent opportunity to add to their holdings at an attractive price. Gold is on a bullish track and I believe we will see it break above the $1,300 per ounce level very soon, especially if something happens with North Korea. The Gold price reached $1,289 on April 21 (within $11 of the magic $1,300 level) before the surprising French election results. Now, after today's correction to a low of $1,254 per ounce, Gold is still up $106 since the start of the year. I believe Gold will move back to its bullish track later this week.

    Today: Gold broke out of its recent $1,260/$1,270 per ounce trading range. Unfortunately, the break out was to the downside. It appears Gold will hit its $1,250 per ounce major support level sometime this week before turning around. Gold should receive sizeable buying from the upcoming key festival in India.

    Back to top of report

     

    SILVER

    Last week Silver closed at $17.20 per ounce, down $0.65 on very heavy trading volume. Silver pretty much mirrored Gold as it declined after the French election news. But on Wednesday when Silver broke below the $17.50 per ounce level, it continued downward, reaching a low of $16.76 per ounce today. Silver has a good chance of moving back over its very important $17 per ounce support level later this week.

    The Gold/Silver ratio has increased to 73.60-to-1.

    Today: Silver moved below the key $17 per ounce support level in New York. At that point some professional traders short sold the active July 2017 futures contract, driving the price down to $16.76 before buyers appeared.

    Back to top of report

     

    Rare Coin report

    Last week, I attended the April 2017 Central States Numismatic Society convention in Schaumburg, IL. This is one of the major rare coin conventions of 2017, and hundreds of the major rare coin dealers and thousands of collectors and investors attended. As expected, there was very active trading on the bourse floor and at the Auction. I was able to pick up a good number of undervalued $20 Gold Saints and Morgan Silver Dollars. We will be listing many of them on our website this week.

    Back to top of report

     

    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

    Weekly Market Report - 4/24/17

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

    Silver Prices Setting Up to Soar: $50/oz Silver Possible

    Russia adds 25 tons of Gold to official reserves in March

    Silver Production 'Huge Decline' in 2nd Largest Producer Peru

    Asia's Richest Man Is 'Aggressively Adding Direct Exposure to Gold'

    World's Top Gold Market Just Had Strongest Buying In 3 Years

     

    This Week’s Headlines:

    Gold
    Silver
    Rare Coin report
    Status of the rare 1933 $20 Gold Saint Gaudens
    Recommended investment commitment and diversification

     

    GOLD

    Gold has now increased six weeks in a row. On March 10, Gold was at $1,201.00. Last Friday, April 21, Gold closed at $1,289.10 per ounce; an $88 increase over that six week period. Gold is also up $139 (12%) since the beginning of 2017, a new record high for the year. Gold's recent six-week rally is very impressive, with Gold moving sharply higher, then backing off and holding above support levels.

    The French election happened over the weekend. Emmanuel Macron and Marine Le Pen won, and are now in a run-off that will take place on May 7. The initial reaction of the markets showed a 200-point increase in the Dow Jones, a Euro rally versus the U.S. Dollar, and a $16 slide in the price of Gold. Le Pen, leader of the National Front, has campaigned on a promise to ditch the Euro and pull France out of the European Union. If France did drop the Euro and replaced it with the French Franc, that would be very bullish for Gold. With Le Pen coming in second and being a clear underdog for the final election, it isn't surprising to see Gold lower and the Euro higher.

    Emmanuel Macron, a 39-year-old former investment banker who has never before stood for elected office, now becomes the favorite to become France's next President. Mr. Macron is an independent centrist who formed his own movement only a year ago. Mr. Macron's lightning ascent has belied doubts about his ability to win over the French heartlands. He casts himself as an outsider who will shake up France's traditionally bipartisan politics, but uphold democratic and civilized values against the 'extremism' and 'xenophobia' of Ms. Le Pen.

    Today: This morning, on the news that Marine Le Pen did not finish 1st in the French election runoff, Gold sold off, hitting a low of $1,266. At that price, bargain buyers appeared and the price quickly moved back to $1,272 per ounce.

    Back to top of report

     

    SILVER

    Last week was very disappointing for Silver investors. Both Gold and Silver reached a new 2017 high on Monday, and then Silver sold off the balance of the week. Silver closed last Friday at $17.86, down $0.65 for the week. Silver lacked the demand and trading volume it needed last week, and when it broke below the key $18 per ounce resistance level, traders shorted the future contracts.

    The Gold/Silver ratio has increased to 72.19-to-1.

    Today: Silver couldn't rally above the important $18 support/resistance level before the French election results were posted. After the election results were announced, Silver followed Gold lower, reaching $17.71 before serious buying appeared.

    Back to top of report

     

    Rare Coin report

    This week, I will be attending the April 2017 Central States Numismatic Society convention in Schaumburg, IL. This is one of the major rare coin conventions of 2017, and I expect to see a very active trading bourse floor. With hundreds of the major rare coin dealers and thousands of collectors and investors attending, I'm hoping to pick up many of the undervalued $20 Gold Saints and Morgan Silver Dollars, to build up our inventory and fill clients' want lists. Please update your want list if you haven't done so recently.

    Back to top of report

     

    Status of the rare 1933 $20 Gold Saint Gaudens

    A number of my clients, who collect U.S. $20 Gold Saint Gaudens, have asked me the status of the ten 1933 $20 Gold Saints the federal government took possession of over 12 years ago.

    Israel Switt, a Philadelphia jeweler, acquired the 10 coins in the 1930s, and his daughter Joan Langbord found them in his safe deposit box. The coins were sent to the U.S. Mint in 2004 for authentication and the Mint would not return them.

    In 2005, Mrs. Langbord's lawyer, Berry Berke, sued the government, and that law suit worked its way up to the U.S. Supreme Court. On April 17, 2017, the Supreme Court refused to hear the case. Therefore, the Third Circuit Court ruling of 9-3 in favor of the U.S. Government will stand.

    Berke is the same lawyer who successfully legalized one 1933 Gold $20 Saint that had been seized in 1996 from British coin dealer Stephen Fenton. It was sold in 2002 in a New York City auction for $7.59 million. The proceeds were split between Fenton and the government.

    Now that the government has won, the worst thing that could happen is that these coins are destroyed, or locked away, forever unseen, in Fort Knox, Ky.

    (The information for this article was provided by the Numismatic News Staff)

    Back to top of report

     

    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

    Weekly Market Report - 4/17/17

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

    Rising Geopolitical Tensions Ignite Fire Under Gold & Silver Prices

    Gold approaches key $1,300 mark after Trump sparks Dollar sell-off

    India Gold Imports Said to Jump 582% on Festival, Wedding Demand

    Gold to fly on inflation

     

    This Week’s Headlines:

    Gold
    Precious metal expert's opinion on current Gold rally
    Silver
    April 2017 CoinStats now available
    Recommended investment commitment and diversification

     

    GOLD

    Last week Gold hit a new 2017 high, reaching $1,290.70 per ounce during Thursday's trading. Gold increased $30 during the shortened holiday week, closing at $1,288.50. Gold is now up $138.50 (12%) since the beginning of 2017. Right now, Gold is increasing at a faster pace than I thought when I predicted Gold would hit $1,300 by month end. Gold could easily make its first attempt to break above the key $1,300 resistance level this week. When the precious metal markets are in a bullish cycle, just stand back and enjoy the ride.

    Back to top of report

     

    Precious metal expert's opinion on current Gold rally

    On Tuesday, I saw a statement from precious metal expert Walter Pehowich about why Gold is moving higher, which I felt was right on point, and I would like to share his observations.

    “Where do I start? There is so much going on here in the States and around the globe that affects the price of Gold in a positive way. I can hear the Wall Street Gold traders cheering the price of Gold on with all the news to fuel their long positions, including:

    • A weaker dollar and treasury yields
    • Strong inflows into the Gold ETFs overnight
    • Weaker equities (Is the Trump rally over?)
    • Russia talking tough
    • Syrian issues
    • North Korea threat
    • Healthcare (when?)
    • Tax reform (if?)
    • The Democrats digging in their heels promising to fight tooth and nail on any bill or action proposed by The Trump administration.
    • If the President and congress fail to act, we are looking at a potential U.S. government shut down without a budget on April 28. Hundreds of thousands furloughed employees, closed national parks, lack of government services and you better hurry up and get your tax return in because if the government shuts down so does your refund.
    So, with all this going on do you still believe the economic data will justify a rate hike anytime soon?”

    Late last week while Gold was consolidating its recent gains in the $1,275 price range, President Trump gave an interview to the Wall Street Journal. Trump stated that the U.S. Dollar was “getting too strong and that he'd like the Federal Reserve to keep interest rates low.” When Trump's statement was released, both the U.S. Dollar and interest rates sold off, and Gold quickly jumped up $10 per ounce to the $1,285 area. Based on Pehowich's ten points listed above, we could be seeing higher prices and increased volatility in the precious metal markets.

    Today: This morning Gold hit a high of $1,295.70 in Asian and Middle-East trading. In Europe and the U.S. we saw a little short-term profit taking, sending the Gold price down to $1,285.50 per ounce.

    Back to top of report

     

    SILVER

    Last week the Silver price was highly influenced by the strong Gold increase. Silver hit a new 2017 high of $18.61 per ounce on Thursday. Silver closed the week Thursday at $18.51 per ounce, up $0.36 for the week, and up $2.57 (16%) since the beginning of 2017.

    After breaking below the $18 support level last Monday and closing at $17.91, I think Silver needs a little more time to consolidate in the $18.25 to $18.60 price area, then it should make its first attempt to break above the important $19 resistance level. However, if Gold breaks above $1,300 this week, Silver will surely move higher, too.

    Last year, on July 1, 2016, Silver broke above the $19 per ounce resistance level and within two trading days, on July 5, Silver reached the 2016 high of $21.23 per ounce. Needless to say, if Silver breaks above $19 per ounce, the price could be highly explosive.

    The Gold/Silver ratio increased to 69.61-to-1.

    Today: Silver hit a high of $18.66 per ounce when Gold rallied in early trading. For most of the trading day Silver has been slightly above and below the $18.50 level.

    Back to top of report

     

    April 2017 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. CoinStats has been updated for April 2017 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

    The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS/NGC certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just put the word CoinStats in the subject line and email me which of the six series you would like to see.

    Back to top of report

     

    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

    Weekly Market Report - 4/10/17

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

    India’s Gold Obsession & Trump’s Policies to Boost Gold Demand

    A New Bull Market in Silver?

    Texas Bill Would Establish Gold and Silver as Legal Tender, Take on Federal Reserve Money Monopoly

    Why Islamic Finance Is Set to Transform the International Gold Market

     

    This Week’s Headlines:

    Gold
    Silver
    April 2017 CoinStats is now available
    Recommended investment commitment and diversification

     

    GOLD

    Last week, Gold hit a new 2017 high, reaching $1,273 during Friday trading. As the U.S. launched a Tomahawk missile attack against Syria last Thursday night, Gold quickly rallied $21 per ounce. On Friday as more information was released about U.S. policy with Syria, the rally dropped to only $12. Then when the U.S. Labor Department announced that 89,000 new jobs were added in March, driving the unemployment rate to 4.5%, the Gold rally increase dropped again, to only $5. Thus, Gold closed last Friday at $1,257 per ounce, up $5 for the day, and up $107 (9.33%) per ounce since the beginning of 2017.

    Trading last Thursday night and Friday is worth looking at carefully. Initially, after the announcement of the Tomahawk missile launch against a Syrian airfield, the Gold price exploded higher. Gold’s $21 rally to $1,273 (a 2017 high) didn’t hold very long. A combination of short term profit taking and a statement from Secretary of State Rex Tillerson drove the Gold price down $8 per ounce. Tillerson stated there was no significant change in the administration’s policy versus Syria and the missile attack was just a reaction to Bashar al-Assad’s chemical attack earlier in the week. Gold traded in the $1,265 area for a while, until the U.S. Labor Department shared the March jobs report the next morning. The jobs report showed a decrease in the unemployment rate to 4.5%, and Gold sold off another $8.

    Let’s look at an overview of Gold trading. The U.S. escalation in military activity against Syria only netted a $5 increase in the Gold price. Allowing for a discount caused by the decrease in the unemployment rate, the increase still should have been more. Why? This was President Trump’s first aggressive attack against Syria, after stating earlier this month that the U.S. wasn’t going to get involved with the Syrian refugee problem. The uncertainty of Trump using a military option against North Korea, or even Russia, should have resulted in a bigger move in safe haven investments (Gold being number one). The price performance of the Gold mining stock index confirmed my opinion.

    Although, I was disappointed in the Gold price performance last week, it was still up $6 for the week. I believe Gold needs more time to continue building a firm base above $1,250 per ounce, and I still think Gold will make its first attempt at $1,300 level by month end.

    Today: This morning Gold hit a low of $1,247.20 before finding bargain buyers. The Gold price quickly bounced back above the key $1,250 support level and now is trading around $1,254 per ounce.

    Back to top of report

     

    SILVER

    Last week, the Silver price was moving along very well, staying above the key $18 per ounce level both during trading and at closing, until Friday. On Friday, Silver trading showed substantially more volatility than Gold with a $0.62 high/low trading range. During Friday trading, Silver hit a high of $18.49 and a low of $17.87 per ounce and for the first time in eight trading days, Silver broke below the key $18 support level. On Friday, Silver closed at $18.15, down $0.10 for the day, but still up $2.16 from the beginning of 2017. What was disappointing is that Silver fell in Friday’s aftermarket trading, reaching $17.98 per ounce. Silver’s $18 support/resistance level needs to be re-established this week

    The Gold/Silver ratio increased to 69.27-to-1.

    Today: Silver opened sharply lower, at $17.73 per ounce, in Asian and European markets. Silver did hit $18.04 per ounce before breaking below the $18 support level.

    Back to top of report

     

    April 2017 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. CoinStats has been updated for April 2017 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

    The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS/NGC certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just put the word CoinStats in the subject line and email me which of the six series you would like to see.

    Back to top of report

     

    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

    Weekly Market Report - 4/3/17

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

    2017 Gold Investing 'Could See Price Hit $1475'

    Gold Set to Soar to $1,500 as Inflation Makes a Comeback

     

    This Week’s Headlines:

    Gold
    This Week’s Best Coin offer
    Silver
    U.S. Mint releasing 2017 Liberty HR 1oz Proof Gold
    Recommended Investment Commitment and Diversification

     

    GOLD

    Last week was a consolidation week for the Gold price and Gold closed between $1,248 to $1,255 per ounce on all five trading days. It took Gold three weeks to move back above the key $1,250 per ounce support/resistance level. Now, it may take more than one week to consolidate that gain. Last Friday Gold closed at $1,251.20 per ounce, up only $3 for the week. Gold is now up $101.20 (8.8%) since the beginning of 2017. Gold should start its move toward $1,300 in April.

    Weakness in the U.S. Dollar Index was a contributing force in stabilizing the Gold price last week. After the U.S. Dollar rallied 5%, to a 14-year high last December during Trump’s rally, the Dollar has given up most of the gains. Last month’s failure in Congress over healthcare reform has raised concerns as to the possibility of success for Trump's tax reform and infrastructure-spending legislation. These concerns are helping precious metal investors to turn from speculative equities to a proven safe haven (Gold & Silver).

    Today: This morning Gold is trading in a narrow range between $1,244 and $1,250 per ounce in Asian and European markets. I believe Gold will move back above the key $1,250 level this week.

    Back to top of report

     

    This Week’s Best Coin offer

    20 Franc Gold Swiss Helvetia pre-1900 BU obverse20 Franc Gold Swiss Helvetia pre-1900 BU reverse

    The Swiss Gold 20 Franc Helvetia coins are a proven way to invest in Gold for your precious metals portfolio. These Swiss 20 Franc Gold coins are dated Pre-1933, giving them added privacy and tax benefits over Post-1933 dated Gold coins. These 20FR Gold coins are very affordable for a popular coin with approximately 1/5 ounce of pure Gold. Mint State Gold is proud to offer these low premium Gold coins to our investor and collector clientele.

    These Brilliant Uncirculated bullion plus Gold coins’ shimmer with a brilliant luster and are one of the most popular Gold coins in Europe for investors and collectors. The devices on these gems are very finely detailed and these fractional Gold coins are sure to appeal to any Gold enthusiast.

    The photo is an example of our Swiss Gold 20 Franc Helvetia Pre-1933 BU (Random Year). The coins you receive will be very similar to the one pictured. Each coin is hand inspected before shipment to make sure customers receive only quality coins at a low price. Mint State Gold selects the actual Pre-1933 dates you receive and feels confident that you will be very pleased with the selections.

    For more information, please click on the following link:
    http://www.mintstategold.com/swiss-gold-helvetia-pre-1933-bu.html.

    Back to top of report

     

    SILVER

    Last week, Silver continued its rally, reaching a high of $18.32 per ounce. Silver closed on Friday at $18.25, up $0.51 per ounce for the week, and up $2.32 (14.53%) since the start of 2017. What is important about last week’s Silver trading is that Silver easily moved above the key $18 per ounce resistance level, and closed above $18 on all five trading days. Now, I believe Silver needs to show price consolidation for a week, testing the $18 support level and preparing to move above the $18.50 level

    Silver is moving higher at a faster rate than Gold, causing the Gold/Silver ratio to decrease to 68.54-to-1.

    Today: Silver sold off this morning in Asian and European markets, reaching a low of $18.06 per ounce before bargain buyers appeared. Those buyers drove the price back up to the $18.20 area very quickly.

    Back to top of report

     

    U.S. Mint releasing 2017 Liberty High Relief 1oz Proof Gold

    On Thursday, April 6, the U.S. Mint will offer for sale the American Liberty High Relief 1 oz. Proof Gold coin. The price has not yet been released. This coin is a celebration of the 225th anniversary of the United States Mint. Because the mintage is 100,000 and there is no household ordering limit, we are not optimistic on the investment outlook for this coin. We also don’t believe the new modern rendition of Lady Liberty will be popular with collectors. However, because some collectors may wish to add one to their collection, we are recommending that you wait a while on the 2017 Liberty HR. We think the price of a certified PCGS/NGC 2017 Liberty HR coin will be lower than the initial offering price in 3-4 months.

    If you wish to purchase a 2017 American Liberty High Relief 1 oz. Proof Gold coin, certified a perfect Proof-70 Ultra Cameo from PCGS or NGC, please contact us, and we will put you on our preferred client list and give you our lowest price guarantee.

    We will be recommending the 2017 1oz Gold Buffalo Proof coin that is scheduled to be released by the U.S. Mint on May 11, 2017.

    Back to top of report

     

    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

    Weekly Market Report - 3/27/17

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

    Biggest Gold story not being reported

    2016 Silver jewelry sales results

    Yellen surprises hedge funds who cut Gold bets before rally