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 Mint State Gold by Stuppler and Co

Mint State Gold by Stuppler and Co

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

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  • Weekly Market Report

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

Weekly Market Report - 5/23/16

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

4 practical reasons to consider reallocating some assets to Gold

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

 

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

 

GOLD

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

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

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

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

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

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

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SILVER

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

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

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

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

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/16/16

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

Gold has entered a new bull market: JPMorgan

Alice in Wonderland economics leads us towards Gold

WGC 2016 Q1 Gold Demand report

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

The scale of the Gold market

 

This Week’s Headlines:

Gold
Silver
Platinum
Recommended investment commitment and diversification

 

GOLD

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

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

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

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

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

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

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SILVER

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

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

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

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

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

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PLATINUM

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

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/9/16

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

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

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

Druckenmiller loads up on Gold, saying bull market exhausted

Gold could rise by 50%

Corporate defaults and Gold

 

This Week’s Headlines:

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

 

GOLD

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

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

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

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

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

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

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

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

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

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

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

Negative Interest Rates: Less Than Zero

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

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SILVER

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

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

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

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

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

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PLATINUM

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

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 5/2/16

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

Dollar Down, Equities Down, Gold Up, Silver Up More

Why Platinum is Overtaking Gold this Year

Silver May Touch as High as $20 an ounce in Near Term: Deutsche Bank

Using Gold to Combat Currency Debasement

 

This Week’s Headlines:

Gold
What is the future outlook for Gold & Silver Prices?
Gold’s 12 Most Bullish Fundamentals
Silver
Rare Coin Market Update
Recommended Investment Commitment and Diversification

 

GOLD

Gold closed last Friday at $1,290, up $60 for the week and up $230 (21.71%) since the beginning of 2016. Gold reached a high of $1,299 per ounce in late trading last Friday on over 250,000 hundred ounce June contracts, the highest volume of the week, and the highest price in over a year. At that point, many professional traders took short term profits going into the weekend. Friday, was just the first test of Gold’s $1,300 per ounce resistance level.

Last Wednesday, when Gold clearly broke above the key $1,250 support/resistance level, the professional traders and fund managers became aggressive buyers. Then, on Thursday, the U.S. Commerce Department announced that the U. S. economy has expanded at the slowest pace in two years. This news clearly confirms that interest rates aren’t going higher and Gold/Silver prices should continue to be very bullish.

The positive sentiment in the global Gold markets is picking up momentum and Gold should move above the $1,300 per ounce resistance level this week. Many analysts, mutual and hedge fund managers are raising their 2016 prediction from $1,400 to $1,500 per ounce.

Today: Gold had its 2nd attempt at breaking above the important $1,300 per ounce level. In early European trading Gold reached a high of $1,304 based primarily on a weaker U.S. Dollar. Then trading volume picked up and Gold sold off, moving back to $1,290 before finding sizeable buying.

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What is the future outlook for Gold & Silver Prices?

Since the beginning of the year, I have spoken with and emailed many clients about adding to their Gold and Silver holdings. A good number are happy they took my advice and a fair number wanted to wait for lower prices. Why? Because Gold/Silver has been in a downtrend since 2011 and waiting for a lower price has been a good strategy for five years.

I believe that the downtrend in Gold and Silver prices ended in 2015 and we will see new all-time highs within the next few years. Gold started the year at $1,060 and last Friday Gold closed at $1,290, an increase of $230 (21.71%) in just four months. Silver started the year at $13.77 and last Friday Silver closed at $17.81, an increase of $4.04 (29.51%).

Is this year’s increase in the Gold & Silver price impressive? Yes, but, remember that Gold reached $1,920 per ounce on Sept 6th 2011, and Silver reached $49.84 per ounce on April 25th 2011. I believe, based on the current fundamentals (shown below), that there is no reason why Gold/Silver will not trade above their 2011 highs within the next few years. That means you have a potential increase in Gold of $630 and $32 in Silver, substantially higher than you have seen already seen in 2016.

What do I believe are the best physical investment Gold and Silver bullion products?
Gold: Pre-1933 U.S. and European low premium mint condition Gold coins.
Silver: Mint Condition U.S. Morgan/Peace Silver Dollars & 1 ounce .999 Silver Trade Units.
Why do I recommend the above items? I believe these Gold/Silver items offer the best possible increase while offering excellent privacy and liquidity.

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Gold’s 12 Most Bullish Fundamentals

  1. Physical demand for Gold and Silver investment products is at the strongest level in years. Many world mints report record 2015 sales for bullion coins and are showing double digit percentage increases this year.
  2. Worldwide interest rates are at historic lows, with nine major countries quoting negative interest rates.
  3. Global quantitative easing (money printing) in the U.S., China, Japan and Europe is increasing debt at an unbelievable rate. The U.S. National Debt has passed 19 trillion.
  4. The World Gold Council is reporting mine production falling dramatically as the cost of production goes higher.
  5. Central banks continue to trade their U.S. Dollars for Gold, thus building their Gold reserves.
  6. Stockpiles of Gold in depositories continue to drop, filling heavy physical demand. This could soon cause a short squeeze on sellers of Gold.
  7. ETF Gold investors have been aggressively buying in 2016, with GLD holdings up 162 metric tons since January 1, a 25% increase in less than four months.
  8. Chinese investors, the world’s most aggressive Gold buyers, are switching out of equities into physical Gold and Silver. Gold buying is continuing to grow.
  9. The U.S. Dollar is continuing its recent trend of weakening against the Euro, which will increase premiums on Gold, especially on the British, French, and Swiss pre-1934 Gold coins.
  10. The financial consultants, money/fund managers, and commodity professionals that are being interviewed on financial media have become bullish on Gold and Silver. Why? Gold is up 21% and Silver is up 29% this year, compared to a 4.5% decline in the NASDAQ.
  11. More countries are repatriating their Gold being held at the NY Federal Reserve Bank.
  12. In the Basel III agreement, which is being implemented by the world banking system from 2013 to 2019, Gold will be upgraded from a Tier III asset to Tier I asset. This will encourage many large banks to increase their holdings of Gold.

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SILVER

Silver is the precious metal super star for the month of April, closing at $17.81 per ounce. Silver was up $2.35 (15.2%) in April and $4.04 (29.31%) since the beginning of 2016. During the month of April, Silver broke above the $16 and $17 per ounce resistance levels. Silver is currently trading at the highest price since January of 2015.

Silver briefly reached a high of $18.02 per ounce last Friday, before seeing weekend profit taking by professional traders. This quick move to $18 per ounce is impressive, but Silver badly needs some price consolidation in the $17.50 to $18 range to stay long term bullish. But, history has shown that when Silver makes this type of bullish move, the bears are on the run due to margin calls and could continue to cover their short sales.

Demand for physical Silver remains strong worldwide. Many official and private mints are reporting record demand, with storages of supply. The U.S. Mint has been averaging over 4.5 million ounces in monthly sales of 1oz Silver Eagles in 2016. 2016 sales are now 18,914,500 1oz .999 Silver Eagles. This is higher than last year and on a 50,000,000 coin pace.

Last week’s Silver rally caused the Silver/Gold ratio to continue dropping - it is now 72.42-to-1.

Today: Silver briefly traded above $18 again this morning in European trading. Then, Silver sold off to $17.60 per ounce before the buyers came back. Price consolidation in the $17.60 to $18 area would be good after April’s 15% increase.

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Rare Coin Market Update

I just returned from the Central States Numismatic Association (CSNA) coin convention in Schaumburg, IL. This convention is a major event for the rare coin community with thousands of dealers, investors, and collectors in attendance. In addition to having a trading floor with over 200 rare coin dealers, there was also a major rare coin auction. The activity level was excellent on the convention floor with a lot of demand for many of the high-grade certified new issues. Many of the dealers were actively purchasing a limited amount of high quality U.S. rare coins.

It is estimated that the overall rare coin market in the U.S. was at about $5 billion in 2015. That includes major auctions, private transactions made at coin shows, mail order, internet, and coin store sales. That figure does not include bullion coins, PCGS/NGC bullion items, or the modern coins sold directly by the United States Mint.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 4/25/16

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

Silver's burst of momentum to cap biggest weekly gain in a year

U.S. Mint releases the 2016 Mercury Dime Centennial Gold coin

Gold to $10,000 – Von Greyerz. Be afraid

Silver bull market as prices rally to 10-month high: up more than 20% this year

 

This Week’s Headlines:

Gold
Silver
U.S. Mint releases the 2016 Mercury Dime Centennial Gold coin
Recommended investment commitment and diversification

 

GOLD

Gold closed last Friday at $1,230, down $4.60 for the week, but up $170 (16%) since the beginning of 2016. Gold reached a high last Thursday of $1,272 per ounce before we saw a U.S. Dollar rally on Thursday and Friday. The $1,250 per ounce level is very important for the short term direction of the Gold price. In the face of a very strong Silver price last week, I was disappointed that Gold didn't hold the key $1,250 level. I think Gold's consolidation is over and it will make another move above $1,250 this week, and stay above $1,250 on its way to the next resistance level of $1,300 per ounce.

Last Tuesday, China launched a Yuan-denominated Gold bullion trading exchange for 1 kilo of .9999 Gold. This move will further boost China's power in the global Gold and foreign exchange markets. Critics of the existing pricing mechanisms hope this will lead to increased transparency in the world's Gold markets and possibly end price manipulation.

Today: Gold is moving higher today, as the U.S. Dollar weakens versus the Euro and Yen. Traders are optimistic about the Federal Reserve statement due out later this week.

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SILVER

Silver has been the super star of precious metals during the month of April. So far this month Silver has moved from $15.46 to $16.90 per ounce, an increase of $1.44 (9.3%) since the beginning of April, and an increase of $3.12 (22.64%) since the beginning of 2016. Silver reached a high of $17.72 on Thursday before traders and commodity professionals started taking short term profits. Silver traded above $17 four times last week and showed excellent demand every time it dropped below $16.75 per ounce.

Demand for physical Silver remained strong as the U.S. Mint added another million ounces of 1oz Silver Eagles to sales figures. 2016 sales are now 17,912,500 1oz .999 Silver Eagles. This is higher than last year and ahead of the record 47,000,000 pace of 2015 sales. The U.S. Mint sales have been averaging over a million 1oz Silver Eagles a week.

Last week's Silver rally caused the Silver/Gold ratio to continue dropping - it is now 72.78-to-1.

Today: The sellers took the price of Silver down to $16.80 in early Asian trading, then the Silver bulls took control as trading moved into Europe and the U.S. Clearly the Silver price wants to stay above the $17 per ounce level.

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U.S. Mint releases the 2016 Mercury Dime Centennial Gold coin

The U.S. Mint released the 1/10 ounce 100-year Mercury Dime 2016 Centennial Gold coin. The mint sold all 125,000 coins in 45 minutes at $205 each. Due to the high initial demand, we are seeing dealers offering pre-sales on this coin for around $400-600 a coin in SP70.

There are five excellent reasons that we do not recommend the purchase of this new issue right now.

  1. The U.S. Mint issued 125,000 of this 1/10 Gold coin, a large amount.
  2. The current dealer asking price is over 3 times the coin's Gold content.
  3. The coin is a specimen. Specimens are not normal Mint State or Proof coins, which means specimens are typically not as popular with collectors or dealers unless they are part of a series.
  4. The coin is not part of an on-going collection. It is a special modern commemorative, which are not popular.
  5. Future pricing/market support for special modern commemoratives historically has not been good. An excellent example is the 2014 Gold Kennedy Half Commemorative, which I called a disaster and was available at half the initial price within six months.
We believe the price of this 1/10-ounce Gold coin will be coming down after the initial demand dissipates.

For many of our collector clients who still like collecting U.S. Gold coins, we plan to offer the 3-piece 100-year Centennial Gold set with the 2016 Mercury Dime, Standing Quarter, and Walking Half Dollar, three months after the last coin is issued. We believe at that point the price will reflect a fair market value for our collector clientele, as these commemorative coins are not something we believe have investment potential.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

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Weekly Market Report - 4/18/16

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

China’s yuan Gold benchmark to launch with 18 members

Silver overtakes Gold as best precious metal on China confidence

Gold Demand Jumps in Japan as Sub-Zero Rates Spur Call for Haven

Deutsche Bank Says World “Past the Point Of No Return” In The Default Cycle

Russia continues to add tons of Gold to nation’s bullion reserves

Expert sees Gold price crossing $3,000 in 3 years

Chinese Gold demand picking up - 183.2 tonnes in March

 

This Week’s Headlines:

Gold
Gold continues bullish rally and is moving higher
Silver
Platinum
Recommended Investment Commitment and Diversification

 

GOLD

Gold closed last Friday at $1,234.60 per ounce, down $9.20 for the week but up $174 (16%) since the beginning of 2016. Last Wednesday and Thursday, Gold dropped from $1,264 to $1,225 as the U.S. Dollar had a bear market rally and a 10 ton drop in the ETF, GLD Gold depository holdings.

The U.S. Budget Deficit is widening. The deficit increased $461 billion in the last six months, with a sharply higher increase of $108 billion in the last month alone. A $20 trillion national debt, here we come!

Tomorrow, China will launch a Yuan-denominated Gold fix on the Shanghai Gold Exchange, just one more step in China’s move to replace the U.S. Dollar as the world’s preferred reserve currency for Central banks. China will join 18 others, including 2 foreign banks, on a benchmark-setting event. This is the biggest step China has taken to become a price-setter for the spot price of Gold. China will launch a Yuan-denominated 1 kilo Gold contract, which is traded on the state-run Shanghai Gold Exchange. For more information please read the article: China's yuan gold benchmark to launch with 18 members

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Gold continues bullish rally and is moving higher

Since the first quarter just ended, let’s recap Gold trading since the beginning of 2016. Gold started the year at $1,060 per ounce. In January, after a steady move higher, Gold closed at $1,116, up $56 (5.29%). In February, Gold continued to move higher reaching a high of $1,263 and closing the month at $1,234, up $118 for the month and $174 (16.4%) since the start of 2016. In March, Gold consolidated its gains, trading between $1,206 and $1,287 per ounce on heavy volume, as global demand continued to grow from central banks, mutual funds, hedge funds, and private investors. Gold ended March at $1,235, up $175 (16.5%) since the beginning of the year. The bullish arguments and Gold’s fundamentals remain intact, and I believe that Gold is in the early stages of a major rally and will very soon make another attempt at the $1,300 resistance level.

Today: Lower Oil, Equities and U.S. Dollar are helping the price of Gold. Gold is trading in a narrow range from $1,230 to $1,240 per ounce.

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SILVER

Silver closed last week at $16.31 per ounce, up $0.93 for the week and up $2.53 (18.4%) since the beginning of the year. Silver reached a high of $16.40 on Friday, testing and holding above the key $16 per ounce support level earlier in the week. $16.40 is the highest the Silver price has been since June 18th 2015. It will be healthy for the Silver price to stay in its $16.00 to $16.40 trading range for a couple weeks, but the bears are on the run as margin calls are going out, so we could easily reach $17 soon.

Demand for physical Silver remained strong as the U.S. Mint added another million ounces of 1oz Silver Eagles to sales figures. 2016 sales are now 17,000,000 1oz .999 Silver Eagles. This is higher than last year and ahead of the record 47,000,000 pace of 2015 sales. The U.S. Mint sales have been averaging over a million 1oz Silver Eagles a week.

With last week’s Silver rally, the Silver/Gold ratio has shrunk to only 75.68 to 1.

Today: Silver continues to hold above the $16 per ounce level in active trading.

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PLATINUM

Platinum closed last Friday at $990 per ounce, up $22 for the week. As Gold moves higher this year, it appears that Platinum is moving up at a higher percentage. Platinum is trading at more than a $200 discount to the spot Gold price. This has only happened four times in the past twenty years, and Platinum rarely stays at a discount to Gold for more than a year. The Canadian Platinum Maple Leaf is the best bullion coin on the market, with the lowest premium over spot Platinum.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

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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 - 4/11/16

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

Gold: Total collapse in the worth of the Dollar?

Investors advised to double Gold holdings as demand set to rise

U.S. Silver jewelry sales grow for 7th straight year

Gold is the pile of poker chips in next global crisis

IMF approves reserve-currency status for China's Yuan

 

This Week’s Headlines:

Gold
New book on Gold
Silver
Platinum
April 2016 CoinStats now available
PCGS/NGC 2016 Proof-70 Deep Cameo 1oz Gold Buffalo & Eagles
Recommended investment commitment and diversification

 

GOLD

Gold closed last Friday at $1,243.80 per ounce, up $20 for the week and up $183 (17%) since the beginning of 2016. That's not a bad return for three months considering annual interest rates are less than 2%.

Last Thursday, the FOMC released the March Fed meeting minutes. These minutes were very important because they provided clues to the future direction of U.S. interest rates. The minutes showed that Chairman Janet Yellen is unlikely to raise rates this month, and the balance of the year is a big question mark. Gold quickly rallied $20 per ounce, reaching $1,245 before seeing some light selling.

Since the first quarter just ended, let's recap Gold trading since the beginning of 2016. Gold started the year at $1,060 per ounce. In January, after a steady move higher, Gold closed at $1,116, up $56 (5.29%). In February, Gold continued to move higher reaching a high of $1,263 and closing the month at $1,234, up $118 for the month and $174 (16.4%) since the start of 2016. In March, Gold consolidated its gains, trading between $1,206 and $1,287 per ounce on heavy volume, as global demand continued to grow from central banks, mutual funds, hedge funds, and private investors. Gold ended March at $1,235, up $175 (16.5%) since the beginning of the year. The bullish arguments and Gold’s fundamentals remain intact, and I believe Gold will soon make another attempt at the $1,300 resistance level.

Today: Gold reached a high of $1,260 today on a fresh wave of buying due to a weaker U.S. Dollar and strong safe-haven buying. Weak economic data coming out of Europe and Asia is providing concerns that negative interest rates and another round of quantitative easing is highly possible.

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New book on Gold

A new book on the future outlook for Gold was released last week and is available on Amazon.com. The book, titled The New Case for Gold, is written by New York Times bestselling author James Rickards and is well worth reading.

The book does have one serious problem: Chapter 6 (How to acquire Gold). The author is clearly unfamiliar with the size and depth of the worldwide physical Gold bullion coin/bar market and incorrectly believes there is poor liquidity. In fact, there are thousands of dealers and banks worldwide (no banks in the U.S.) that make an active bid/ask market for many of the popular Gold bullion coins/bars. Gold bullion coins can be turned into cash immediately.

Mr. Rickards recommends allowing Physical Gold Fund to hold your Gold purchases. I don't recommend letting anyone hold your precious metals. I understand this recommendation since he is the spokesman for that company. Reading the first five chapters is worth paying the $13 for the book.

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SILVER

Silver closed last week at $15.38 per ounce, up $0.34 for the week, and up $1.60 (11.6%) since the beginning of the year. Since the beginning of April, Silver has had its ups and downs for the same reasons that dramatically affected the Gold price. Silver reached a high of $15.39 on Friday, testing and holding above the key $15 per ounce support level earlier in the week. I believe Silver will make another attempt to break the $16 per ounce resistance level very soon.

Demand for physical Silver remained strong as the U.S. Mint added another million ounces of 1oz Silver Eagles to sales figures. 2016 sales are now 15,964,000 1oz .999 Silver Eagles. This is higher than last year and ahead of the record 47,000,000 pace of 2015 sales. The U.S. Mint sales have been averaging over a million 1oz Silver Eagles a week.

The Silver/Gold ratio is still over an amazing 80.85-to-1.

Today: After reaching $16.17 on March 16 and being beaten back to $14.79 on April 1, today Silver has mounted its third attempt to break above the key $16 per ounce resistance level. Silver is moving up with Gold today, reaching a high of $15.99 on excellent trading volume. The buyers are back in Asia, the Middle East, Europe, and the U.S.

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PLATINUM

Platinum closed last Friday at $968 per ounce, up $13 for the week. As Gold moves higher or lower, it appears that Platinum is moving up at a higher percentage. Platinum is trading at more than a $220 discount to the spot Gold price. This has only happened four times in the past twenty years, and Platinum rarely stays at a discount to Gold for more than a year. The Canadian Platinum Maple Leaf is the best bullion coin on the market, with the lowest premium over spot Platinum.

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April 2016 CoinStats 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 2016 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 insert the word CoinStats on the subject line and email me which of the six series you would like to see.

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PCGS/NGC 2016 Proof-70 Deep Cameo 1oz Gold Buffalo & Eagles

Our 2016 Proof Gold Buffalo and Eagles are at PCGS and NGC and are being graded and returned to us; some last week, some this week. Our cash/check/bank wire price for the 1oz Proof-70 Deep/Ultra Cameo First Strike/Early Release Gold coins are only $1,635 and $1,649 for the Proof Buffalo and Proof Eagles respectively. This price is only a few percent more than the mint issue price for the raw uncertified coins in the government holders. Plus, our price includes the Best Price Guarantee and free shipping.

Click on the following links to view/purchase these coins:
www.mintstategold.com/us-g-50-buffalo-2016-w-pcgs-pr70dcam-first-strike-buffalo-label.html
www.mintstategold.com/us-g-50-eagle-2016-w-pcgs-pr70dcam-first-strike-flag-label.html

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

Back to top of report

Weekly Market Report - 4/4/16

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

Why Russia and China are busy buying Gold bullion

Gold in a world of negative interest rates

Gold heads for biggest quarterly rise in nearly 30 years

How and why Janet Yellen is driving the Gold train much higher

 

This Week’s Headlines:

Gold
Silver
Platinum
April 2016 CoinStats now available
Pre-Sale on PCGS/NGC 2016 Proof-70 Deep Cameo 1oz Gold Buffalo
Recommended Investment Commitment and Diversification

 

GOLD

Gold closed last Friday at $1,223.50 per ounce, up $2 for the week and up $163 since the beginning of the month. Last week Gold had its ups and downs.

On Tuesday, Federal Reserve Chair Janet Yellen said the Fed still envisions a gradual pace of interest rate increases in light of global pressures that could weigh on the U.S. economy. She said that given the risks, the Fed will “proceed cautiously” in raising rates. This was bullish news for the Gold and Silver markets. Gold quickly rallied $20 per ounce, reaching $1,235 before seeing some light selling.

On Friday, the March job numbers were released and both the Gold and Silver price got hit. A good jobs number makes analysts anticipate that the Federal Reserve could raise interest rates more quickly than originally thought. After the news, Gold was quickly sold down to $1,209 before finding major buying. By end of Friday's trading, Gold closed at $1,223.50 on heavy volume. Gold did reach a low of $1,210 per ounce on Friday, but did not test the major support level of $1,200 per ounce.

Today: This morning Gold has traded between $1,214 and $1,223 on normal volume. The big question that traders are asking is, “Will Gold test the $1,200 per ounce support level?”

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SILVER

Silver closed last week at $15.05 per ounce, down $0.14 for the week, but up $1.27 (9%) since the beginning of the year. Last week Silver had its ups and downs for the same reasons that dramatically affected the Gold price. Silver reached a high of $15.46 after Chairman Yellen's statement on Tuesday, and hit a low of $14.79 when the March jobs report was released Friday.

Bargain buyers appeared on Friday after Silver reached a low of $14.79 on the highest trading volume for the week. Breaking below the key $15 per ounce support level Friday was negative for the short term, but if Silver can quickly rally back above $15.00, that would confirm that the $15 support level is still intact.

Demand for physical Silver remained strong as the U.S. Mint added another million ounces of 1oz Silver Eagles to sales figures. 2016 sales are now 14,957,000 1oz .999 Silver Eagles. This is higher than last year and ahead of the record 47,000,000 pace of 2015 sales. The U.S. Mint sales have been averaging over a million 1oz Silver Eagles a week.

The Silver/Gold ratio is still over an amazing 81.32-to-1.

Today: Silver is showing active physical demand as the price trades above and below the key $15 per ounce resistance level.

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PLATINUM

Platinum closed last Friday at $955 per ounce, up $3 for the week. As Gold moves higher or lower, it appears that Platinum is moving up at a higher percentage. Platinum is trading at more than a $220 discount to the spot Gold price. This has only happened four times in the past twenty years, and Platinum rarely stays at a discount to Gold for more than a year. The Canadian Platinum Maple Leaf is the best bullion coin on the market, with the lowest premium over spot Platinum.

Back to top of report

 

April 2016 CoinStats 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 2016 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 insert the word CoinStats on the subject line and email me which of the six series you would like to see.

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Pre-Sale on PCGS/NGC 2016 Proof-70 Deep Cameo 1oz Gold Buffalo

Last week the U.S. Mint released the Proof 1oz $50 Gold Buffalo coins. The U.S. Mint sold the Proof 2016 1oz Buffalo in the Mint Box at $1,590. We are now offering a Pre-Sale for the perfect Proof-70 Deep/Ultra Cameo 2016 Gold Buffalo in certified PCGS/NGC holders. Please check the following website link for current pricing and availability. Remember that all of our 2016 Pre-Sales come with our exclusive Best Price Guarantee as well as free shipping! Click on the following link for pre-sales: www.mintstategold.com/pre-sale-offers.html

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

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

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

Back to top of report

 

REMEMBER THE DAILY MARKET UPDATE

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

 

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

Back to top of report