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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 - 8/22/16

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

Why investors should consider a Gold position

UK's post-Brexit gold surge to near record highs emphasizes safe haven status

Gold likely to average $1,475 an ounce during Q4 2016

Lord Rothschild: Why I've sold hundreds of millions of pounds worth of shares, and bought gold

 

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

 

GOLD

Gold has traded between $1,335 and $1,374 per ounce since the beginning of the month. After a 26% increase for the year, August trading is a classic example of price consolidation. As we work our way through the summer months towards Labor Day, I believe the Gold price will now gradually work its way higher. Look for Gold to break above the $1,375 area within the next couple weeks, followed by an attempt to break above the key $1,400 resistance level in September.

Last Friday, Gold closed at $1,346.20 per ounce, up $3 for the week, but down $11 for the month. During the week, the Federal Reserve released their latest minutes showing that they are not likely to raise interest rates until later this year or early next year.

We do have a possibility of testing the $1,300 long term support level before the upward move continues. It is very common to see what is referred to as a Final Clean Out before a major rally starts. The clean out gives professional traders the ability to drive the price down on weak volume and quickly take a major long position ahead of a major rally.

Today: Gold traded down to a low of $1,330 per ounce this morning before finding bargain buying. Physical and contract Gold demand continues to be strong in Asian, Middle Eastern, and European markets

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SILVER

Last week, Silver tested the $20 per ounce resistance level four times, but could not close above it. Silver closed at $19.32 per ounce on Friday, down $0.39 per ounce for the week.

Based on recent trading activity, I believe Silver has a high probability of testing the $19 per ounce long term support level very soon. Like Gold, Silver could easily see a Final Clean Out, allowing professional traders to take on a large holding of Silver.

As of last Friday, the U.S. Mint sold 28,200,000 1oz 2016 .9999 Silver Eagles. July and August U.S. Mint sales were below the monthly sales average reached each month from January to June. However, it is normal to see a decline in sales during the summer months, especially with Silver trading at a higher price.

Last week, the Silver/Gold ratio dropped to 68.17-to-1.

Today: Silver broke down below the $19 per ounce support level this morning, reaching a low of $18.82 per ounce. For Silver to stay short term bullish it needs to rally back above the $19 level very soon.

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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 - 8/15/16

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

A Perfect Storm for Gold?

Gold Has Now Entered Its Strongest Seasonal Period

 

This Week’s Headlines:

Gold
Silver
Rare Coin Report
Recommended investment commitment and diversification

 

GOLD

For most of last week's trading, the Gold price stayed in the $1,335 to $1,350 range. Gold closed last Friday at $1,343.20 per ounce, down $1.20 for the week on average volume. After Gold's 25% increase since the beginning of the year, it is very bullish for the price to be in a consolidation phase during the low volume summer months.

Low trading volume on the world's commodity exchanges is very common during the summer months. With low trading volume, the Gold/Silver prices are very sensitive to any economic news that would affect a possible change in future Federal Reserve interest rate policies. I still continue to believe that the Federal Reserve will not raise interest rates for the next four months; well after the presidential elections.

Based on historic trends, I expect that the Gold price should stay in the current trading range until Labor Day. After Labor Day (Sept 5, 2016) I look for the Gold price to move above the $1,370 level, getting ready for the first attempt to break above the $1,400 resistance level. I still think Gold will reach or surpass $1,500 per ounce by year end. With Gold at current levels, this is an excellent time to add to your Gold holdings.

Today: Gold tested the $1,335 per ounce level this morning and held. For most of the day Gold has traded in a narrow trading range of only $9.

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SILVER

Last week Silver traded above and below the important $20 per ounce resistance/support level, closing Friday at $19.70 per ounce, down $0.11 for the week. Like Gold, after the 45% increase in Silver since the beginning of the year, it is very bullish that the price is in a consolidation phase during these low volume summer months.

I look for more consolidation until Labor Day, with Silver trading between $19.30 and $22 per ounce. Then, during the last quarter of 2016, I anticipate seeing the Silver price reach $25 per ounce.

Last week, the Silver/Gold ratio dropped to 68.17-to-1.

Today: In early trading this morning, Silver attempted to break back above the key $20 per ounce level. Silver briefly traded at $20.03 before sellers appeared, driving the price back down to $19.70.

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Rare Coin Report

Last week, David and I attended the largest rare coin convention of the year. The American Numismatic Association hosted the World's Fair of Money in Anaheim, California. This convention had over 1,000 dealers and tens of thousands of collectors/investors in attendance. The convention was very exciting as prices were strong on the trading floor and at the two major auctions. The rare coin market is definitely looking bullish and it is very likely we will see a strong year-end, and a strong 2017.

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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 - 8/8/16

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

Why Russia and China are buying so much Gold

Big players put money into the precious metal

WGC August 2016 Market Update

 

This Week’s Headlines:

Gold
Silver
Rare Coins Report
Recommended investment commitment and diversification

 

GOLD

Last Friday the U.S. Bureau of Labor reported that the U.S. non-farm payrolls increased dramatically to 255,000 jobs in July. This news caused the U.S. Dollar and equity markets to rally sharply and Gold to sell-off. Traders felt that the increasing employment numbers make it more likely that the Federal Reserve will raise interest rates later this year. Gold dropped $21 on Friday, ending the week at $1,344.40 per ounce, down $13.20 for the week.

Last Thursday there was an interest rate cut by the Bank of England (BoE) from 0.5% to 0.25%. This was the first cut in seven years and a direct result of the economic crisis caused by BREXIT. This move by the BoE reaffirms Gold as the go-to asset in times of economic crisis, as the Gold price reacted positively.

Today: Gold tested the $1,330 per ounce level this morning and held, reaching $1,329.70 per ounce. Gold has traded in a narrow $9 range for most of the day.

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SILVER

Silver followed Gold lower on Friday, reaching a low of $19.72 before sizeable buying appeared. Silver was down $0.57 for the week, closing at $19.81, just below the important $20 resistance/support level. Silver closed above $20 per ounce for six trading days in a row, before breaking below $20 last Friday after the U.S. non-farm payroll report.

I look for more consolidation in August and the early part of September, with Silver trading between $19.30 and $22 per ounce. Then, during the last quarter of 2016, I believe we will see the Silver price reach $25 per ounce.

Last week, the Silver/Gold ratio dropped to 67.84-to-1.

Today: Silver is also trading in a narrow price range, holding firmly above $19.60 per ounce.

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Rare Coins Report

This week I will be attending the largest rare coin convention of the year. The American Numismatic Association will be hosting the World's Fair of Money in Anaheim, California.

This convention will have over 1,000 dealers and tens of thousands of collectors/investors in attendance. My son David and I will be at booth #439 for the entire convention. If you are in the area, please stop by and say 'Hi' and enjoy seeing all the interesting numismatic exhibits. I recommend you update your numismatic want list and email it to me as soon as possible.

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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 - 8/1/16

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

The Single Most Important Reason Gold and Silver Should Keep Rallying

Russia Adds 19 Tons of Gold to Reserves in June

Sharia Law Change Could Add 1.6 Billion Gold Investors

GOP Platform Includes Proposal to Study Return to Gold Standard

Trump Could Push Gold Prices $500 Higher

When Owning Gold Was Illegal in America And Why It Could Be Again

 

This Week’s Headlines:

Gold
Silver
Rare Coin Report
Recommended investment commitment and diversification

 

GOLD

July was an excellent month for Gold owners. After testing the support level and reaching a low of $1,310 per ounce, Gold closed the month at $1,357 per ounce. Gold was up $37 per ounce for July and up $297 (28%) since the beginning of 2016. What is a really great bullish fact for the Gold price during the month of July? Its trading volume and the fact that it is holding above the long term support levels. Historically, Gold's trading volume during the summer months is low as many traders, investors and jewelry manufactures are on vacation. Hopefully, this increase in volume and demand will remain strong for August as the price approaches the next resistance level of $1,400 per ounce.

Last month, both the Democrats and Republicans held their conventions and selected a presidential nominee. Other than the fact that Donald Trump has Gold in his investment portfolio, there was very little information provided about Gold or a possible Gold standard. However, the Republican Platform includes a proposal to study a return to a Gold standard.

See following links to articles:
GOP Platform Includes Proposal to Study Return to Gold Standard
Trump Could Push Gold Prices $500 Higher
When Owning Gold Was Illegal in America And Why It Could Be Again

I believe it doesn't make much of a difference to the Gold price which candidate is elected president. The bullish fundamentals for a major increase in the Gold price are in place. Plus, there are so many other major economic/political issues in both parties' platforms, that a Gold standard, Gold reporting, or confiscation isn't going to be discussed for years.

Today: This morning Gold has traded above and below the key $1,350 support/resistance level. Demand continues to be strong for both physical Gold and futures contracts.

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SILVER

Silver had a better July than Gold, moving from $18.62 to $20.38 per ounce. That is an increase of $1.76 (9.45%) in just one month. Silver is up $6.61 (47.9%) since the beginning of 2016. Since the beginning of July, Silver has traded numerous times above and below the key $20 per ounce resistance/support level. During July, Silver reached a high of $21.23 and a low of $19.27 per ounce. Silver's trading during July was an excellent example of consolidation after a sizeable price increase.

I look for more consolidation in August and the early part of September, with Silver trading between $19.30 and $22 per ounce. Then, during the last quarter of 2016, I believe we will see the Silver price reach $25 per ounce.

Last week, the Silver/Gold ratio dropped to 67.21-to-1.

Today: Silver reached a low of $20.28 this morning. At that price, major buying hit the Asian markets, driving the price to $20.50 per ounce.

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Rare Coin Report

Between August 9th and 13th, the largest rare coin convention of the year will be happening. The American Numismatic Association will be hosting the World's Fair of Money in Anaheim, California.

This convention will have over 1,000 dealers and tens of thousands of collectors/investors in attendance. My son David and I will be at booth #439 for the entire convention. If you are in the area, please stop by and say 'Hi' and enjoy seeing all the interesting numismatic exhibits. I recommend you update your numismatic want list and email it to me by Wednesday, August 3rd.

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.

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Weekly Market Report - 7/25/16

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

Sharia law change could add 1.6 billion Gold investors

Central Bank Gold buying back on track

Gold to hit $3,000 to $5,000 an ounce

 

This Week’s Headlines:

Gold
Gold's 14 most bullish fundamentals
Silver
Recommended investment commitment and diversification

 

GOLD

Right now, the Gold markets are showing low trading volume and a narrow high/low price range. This is a normal result for a summer month with a Gold price that's consolidating after a 25% increase in the first six months of 2016. Last Friday, Gold closed at $1,323.40, down $4 for the week, but still up $263 for the year. If Gold doesn't break back above $1,330 per ounce this week, it has a good chance of testing the $1,300 per ounce support level before moving higher. Remember, any significant bullish or bearish economic or terrorist news would have a dramatic effect on the Gold price during the summer months.

Based on recent trading activity, I believe it is likely that Gold could test the important $1,300 per ounce support level. I believe this down move will be brief and will represent an excellent opportunity to pick up Gold at a great price. Below I have again provided the 14 most bullish fundamentals that will hopefully encourage you to take advantage of the dip, should it occur.

Today: This morning, Gold trading volume is light, with Gold reaching a low of $1,312.30 per ounce. Gold is currently trading at a four week low while waiting for short term direction after the Federal Reserve meeting and statement later this week.

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Gold's 14 most bullish fundamentals

  1. Physical demand for Gold and Silver investment products is at the strongest level in years. Many world mints report record 2016 sales for bullion coins, showing double digit percentage increases this year. Sales of U.S. Eagles ending July 2, 2016 are up 208% for Gold and 21.3% for Silver. Both are at an all-time high record pace.
  2. Worldwide interest rates are at historic lows, with nine major countries quoting negative interest rates.
  3. Global quantitative easing (money printing) in the U.S., China, Japan, and Europe is increasing debt at an unbelievable rate. The U.S. National Debt has passed 19 trillion.
  4. The World Gold Council is reporting mine production falling dramatically as the cost of production rises.
  5. Central banks around the globe continue to trade their U.S. Dollars for Gold, thus building their Gold reserves.
  6. Stockpiles of Gold in depositories continues to drop, filling heavy physical demand. This could soon cause a short squeeze on sellers of Gold.
  7. ETF (paper) Gold investors have been aggressively buying in 2016, with GLD holdings increasing 321 metric tons since January 1; up 51.5% in six months.
  8. Chinese investors, the world's most aggressive Gold buyers, are switching out of equities into physical Gold and Silver. Gold buying is continuing to grow.
  9. The U.S. Dollar is continuing its recent trend of weakening against the Euro, which will increase premiums on Gold, especially on the British, French, and Swiss pre-1934 Gold coins.
  10. The financial consultants, money/fund managers, and commodity professionals that are being interviewed in the financial media have become bullish on Gold and Silver. Why? Gold is up 24.8% and Silver is up 42% this year, compared to a 3.8% increase in the NASDAQ.
  11. More countries are repatriating their Gold being held at the NY Federal Reserve Bank.
  12. Brexit is causing uncertainty in the financial world and driving conservative investors into a proven safe haven, Gold.
  13. Many precious metal professionals and analysts strongly believe that China is accumulating massive amounts of Gold in an effort to replace the U.S. Dollar (as the world’s reference currency) with the Chinese Yuan. If this happened it would diminish the value of your U.S. Dollars.
  14. In the Basel III agreement, which is being implemented by the world banking system from 2013 to 2019, Gold will be upgraded from a Tier III asset to a Tier I asset. This will encourage many large banks to increase their Gold holdings.

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SILVER

Silver broke below the very important $20 per ounce support level last Wednesday, and closed below $20 the remaining two trading days. Silver closed last Friday at $19.69, after reaching a low of $19.27 earlier in the week. Silver is showing more price support at current values than Gold. If Gold breaks down and reaches the $1,300 support level, it is a good bet that Silver will reach a low of $19 per ounce.

Last week, the Silver/Gold ratio dropped to 67.21-to-1.

Today: When Silver reached a low of $19.29, buyers appeared and the price quickly rallied higher. Silver needs to move back above the key $20 price level quickly to keep the short term rally positive.

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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 - 7/18/16

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

$2,000 Gold is a Real Possibility -- Here's Why

Gold Prices and Central Bank Policy

The World is walking from Crisis to Crisis: Why BofA sees $1,500 Gold and $30 Silver

 

This Week’s Headlines:

Gold
Best value in U.S. Gold bullion plus coins
Silver
What’s next for Silver?
July 2016 CoinStats is now available
Recommended Investment Commitment and Diversification

 

GOLD

Gold is officially in a consolidation phase, trading within a tight range while building a firm base above $1,300 per ounce. Gold traded in a $20 high/low range the past few trading days. $1,320 per ounce appears to be the short term support level, with Gold seeing resistance at $1,350. Historically, Gold trades in a narrow range in the summer months. Remember, any significant bullish or bearish economic or terrorist news would have a dramatic effect on the Gold price during the summer months. As a reminder, Gold is up $267 per ounce (25%) since the beginning of the year, better than any other proven investment that I know.

Today: With little to no news affecting the precious metal markets, Gold is trading in a narrow $12 high/low range from $1,335 to $1,323 today. Gold continues to consolidate its 25% increase this year, while building an excellent base for the next leg higher, $1,400 per ounce.

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Best value in U.S. Gold bullion plus coins

As the Gold price increases, we are seeing a number of new investors focusing their attention on many of the undervalued U.S. numismatic Gold bullion plus coins. Popular Gold items like U.S. $20 Gold Saints and Liberties in brilliant uncirculated (BU) to MS66 condition are trading at ridiculously low premiums compared to their Gold content. With Gold up 25% this year, BU $20 Gold Saint Gaudens and Liberty premiums have not kept up, with only an 11.50% premium over the current spot Gold price. Because of the scarcity of these hundred-year-old uncirculated coins compared to popular Gold bullion coins, these numismatic bullion plus coins have historically traded at over a 40% premium. The higher certified grades (MS63 to MS66) are also at very attractive low premiums right now.

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SILVER

Silver tested the very important $20 per ounce support level four times last week and held. Both contract futures and physical demand are still holding at respectable levels. Silver closed on Friday at $20.16 per ounce, up $0.07 for the week and up $6.39 (47%) since the beginning of 2016.

Last week, the Silver/Gold ratio dropped to 65.83-to-1.

Today: Silver has traded above and below the $20 support/resistance level all day. Today we had a low of $19.73 and a high of $20.27 per ounce. $20 is an important level and it may take a little more time to find the needed support to move higher.

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What’s next for Silver?

Considering the July 5th Silver high of $21.23 and last week’s low of $19.96 per ounce, Silver needs some time to consolidate its price above $20 per ounce before the rally continues. $20 an ounce is a very important long term resistance and support level for Silver. Last week, Silver established a new base, closing above $20 per ounce all five consecutive trading days. We could see another week of Silver trading below and above $20 per ounce. But, I look for a move towards $22 per ounce within the next month. The next short term resistance level is $22, followed by the next long term resistance level of $25 (my target for year-end 2016.)

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July 2016 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 July 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.

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 - 7/11/16

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

Gold heading toward $1,400/oz as bull run commences

Gold and Silver will be the last 'currencies' standing

Greenspan: World must return to Gold standard

 

This Week’s Headlines:

Gold
Best value in U.S. Gold bullion plus coins
Silver
What's next for Silver?
July 2016 CoinStats is now available
Recommended investment commitment and diversification

 

GOLD

The 2016 Gold rally continues; last week the Gold price increased another $19.40, closing at $1,358.40 per ounce. Gold has shot up like a bullet this year, up $298 for 2016 as of last Friday, a 28.11% increase. I sound like a broken record, but surprisingly the futures market and physical demand are both very strong; surprising because we are in the summer months, historically a very slow period for Gold and Silver. I look for Gold to stay in the $1,340 to $1,380 per ounce trading range most of this week, then start its move to the important $1,400 long term resistance level.

Today: Gold is trading within its current price range of $1,340 and $1,380, building an excellent base for the next move towards the important $1,400 per ounce resistance level.

Back to top of report

 

Best value in U.S. Gold bullion plus coins

As the Gold price increases, we are seeing a number of new investors focusing their attention on many of the undervalued U.S. numismatic Gold bullion plus coins. Popular Gold items like U.S. $20 Gold Saints and Liberties in brilliant uncirculated (BU) to MS66 condition are trading at a ridiculously low premium compared to their Gold content. With Gold up 28.11% this year, BU $20 Gold Saint Gaudens and Liberty premiums have not kept up, with only an 11.50% premium over the current spot Gold price. Because of the scarcity of these hundred-year-old uncirculated coins compared to popular Gold bullion coins, these bullion plus coins have historically traded at over a 40% premium. The higher certified grades (MS63 to MS66) of $20 Gold Saints/Liberties are also at very attractive low premiums right now.

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SILVER

If you like what the Gold price has done in 2016, you're going to love the increase in the Silver price. As of last Friday, Silver has increased 45.86% in 2016, closing at $20.10 an ounce. The world's commodity trading exchanges and physical investment products have shown record demand for Silver. Popular Silver investment products are running in short supply at most stores and banks around the globe, while many of the world's largest mints are producing newly minted Gold/Silver coins at record paces.

Last week, the Silver/Gold ratio dropped to 67.59-to-1.

Today: Silver is doing excellent, staying above the $20 per ounce support level and consolidating its recent gains.

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What’s next for Silver?

Considering last week's Silver high of $21.23 and low of $19.28 per ounce, Silver needs some time to consolidate its price above $20 per ounce before the rally continues. $20 an ounce is a very important long term resistance and support level for Silver. After Silver establishes a new base by closing above $20 per ounce for five consecutive trading days, it will start its move towards $22 per ounce. The next short term resistance level is $22, followed by the next long term resistance level of $25, my target for 2016 year-end.

Back to top of report

 

July 2016 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 July 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 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.

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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 - 07/05/16

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

Greenspan: world must return to Gold standard

Gold price forecast: Gold's final warning of impending monetary collapse

Marc Faber: Gold 'is my preferred currency'

London Gold dealers report surge in coin, bar demand on Brexit vote

 

This Week’s Headlines:

Gold
My updated Jan 11, 2016 WMR Gold prediction
Gold's 14 most bullish fundamentals
Silver
My updated 2016 Silver price prediction
Rare and Bullion coin update
Recommended investment commitment and diversification

 

GOLD

June was a very profitable month for Gold investors with the price increasing $121.50 (10%) for the month and closing last Friday at $1,339 per ounce. Gold continues its 2016 rally, increasing $279 (26%) since the beginning of the year. During international trading on July 4, Gold continued its rally, reaching a high of $1,357 per ounce. Gold has firmly moved above the $1,300 support level, and is now on its way to the $1,400 resistance level.

Today: Gold has seen very active trading in Asia and Europe this morning, ranging from a high of $1,360 to a low of $1,345 per ounce. Both physical and paper Gold demand continue to increase from European and Asian investors. Brexit physical Gold buying in Great Britain is at record levels. British Gold sovereigns are big sellers in coin stores.

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My updated Jan 11, 2016 WMR Gold prediction

My January 11, 2016 WMR Gold Prediction

“Now that Gold broke back above the $1,100 per ounce resistance level last week, it is changing the bearish sentiment of many of the professional traders in the commodity pits around the world. With Gold moving above $1,100, I expect some consolidation, then the rally will continue through 2016. I expect to see Gold reach $1,400 per ounce this year and trade in the $1,350 per ounce area by year end.”

Now 6 months later, I am updating my prediction for the Gold price. I try to be conservative with my Gold/Silver predictions, but with Gold reaching $1,362 in June, I needed to revise my year-end prediction. I now believe Gold will reach $1,550 per ounce this year and trade in the $1,500 per ounce area by year end. The bullish fundamentals for Gold keep getting better.

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Gold's 14 most bullish fundamentals

  1. Physical demand for Gold and Silver investment products is at the strongest level in years. Many world mints report record 2016 sales for bullion coins, showing double digit percentage increases this year. Sales of U.S. Eagles ending June 30, 2016 are up 228% for Gold and 20.5% for Silver. Both are at an all-time high record pace.
  2. Worldwide interest rates are at historic lows, with nine major countries quoting negative interest rates.
  3. Global quantitative easing (money printing) in the U.S., China, Japan, and Europe is increasing debt at an unbelievable rate. The U.S. National Debt has passed 19 trillion.
  4. The World Gold Council is reporting mine production falling dramatically as the cost of production rises.
  5. Central banks around the globe continue to trade their U.S. Dollars for Gold, thus building their Gold reserves.
  6. Stockpiles of Gold in depositories continues to drop, filling heavy physical demand. This could soon cause a short squeeze on sellers of Gold.
  7. ETF (paper) Gold investors have been aggressively buying in 2016, with GLD holdings increasing 311.64 metric tons since January 1; up 48.5% in six months.
  8. Chinese investors, the world's most aggressive Gold buyers, are switching out of equities into physical Gold and Silver. Gold buying is continuing to grow.
  9. The U.S. Dollar is continuing its recent trend of weakening against the Euro, which will increase premiums on Gold, especially on the British, French, and Swiss pre-1934 Gold coins.
  10. The financial consultants, money/fund managers, and commodity professionals that are being interviewed in the financial media have become bullish on Gold and Silver. Why? Gold is up 26% and Silver is up 42% this year, compared to a 2.9% decline in the NASDAQ.
  11. More countries are repatriating their Gold being held at the NY Federal Reserve Bank.
  12. Brexit is causing uncertainty in the financial world and driving conservative investors into a proven safe haven, Gold.
  13. Many precious metal professionals and analysts strongly believe that China is accumulating massive amounts of Gold in an effort to replace the U.S. Dollar (as the world's reference currency) with the Chinese Yuan. If this happened it would diminish the value of your U.S. Dollars.
  14. In the Basel III agreement, which is being implemented by the world banking system from 2013 to 2019, Gold will be upgraded from a Tier III asset to a Tier I asset. This will encourage many large banks to increase their Gold holdings.

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SILVER

The Silver price just keeps on rolling higher. On Friday, Silver reached a high of $19.98 per ounce before closing at $19.58 per ounce. That is up an amazing $5.81 (42%) since the beginning of the year. CME trading volume for September 5,000-ounce Silver contracts is extremely high, especially for summer trading. The increased demand helped the Silver price break above the major $20 per ounce long term resistance level in world markets on July 4. Silver actually reached a new 2016 high of $21.16 on July 4 in Asian and European markets. The short sellers are on the run, and margin calls are causing them to cover their short sales. The July 4 rally was on light holiday trading, which is not a strong sign that this breakout is real. If Silver can stay above $20 in today's U.S. trading, it would give Silver an excellent chance to make $20 its support level. If not, Silver should trade between $18 and $20 for a while building a new base to continue its 2016 bullish rally.

Today: Over the long holiday weekend the Silver price experienced a lot of price volatility. Silver reached a high of $21.16 per ounce on July 4, and a low of $19.56 this morning. This 8% high/low trading range happened today on the highest exchange volume I have seen in three years. The trading volume was over 150,000 5,000-ounce CME Silver contracts (750,000,000 ounces).

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My updated 2016 Silver price prediction

My revised Silver price prediction for year end 2016 is now $25.00 per ounce. I look for Silver to move back above $20, then trade between $20 and $22 per ounce during the summer. In the fall and winter, I look for Silver to reach or exceed my $25 prediction.

In the first six months of the year, the U.S. Mint has sold 26,250,000 1oz Silver Eagles. This is a 20.5% increase over 2015, and at a one million ounce per week record pace.

Last week, the Silver/Gold ratio dropped to 68.36-to-1.

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Rare and Bullion coin update

With the Gold price up 26% and Silver increasing 42% in the first six months of the year, what is happening in the rare and bullion coin markets?

To answer that question, you first must understand the five different types of coins:
  1. U.S. Collector coins: Silver, nickel, and copper coins under $300 and Gold coins under $1,500
  2. U.S. Investment grade certified coins: Silver, nickel and copper coins from $300 to $10,000, and Gold coins between $1,500 and $25,000
  3. U.S. Modern new issues: Silver, Gold, and Platinum coins (1986-2016) priced over $1,000
  4. U.S. Certified rarities: Silver coins over $10,000 and Gold coins over $25,000
  5. U.S. and World Gold/Silver bullion coins: newly minted and pre-1934

U.S. Collector coins
This area of numismatics has been on the defensive since 2009 as the low end collector is focusing on their job and everyday expenses during a difficult economy. Even in the face of this year’s higher Gold/Silver price, coins in this low price range have not increased.

U.S. Investment grade certified coins
This is a very popular area of classic numismatics in certified in PCGS or NGC holders. Prices for Silver Dollars and U.S. Gold coins have recently started to move higher. Dealer inventories are at record lows and numismatic trading exchanges are seeing increases in bids and a decline in ask prices. If the recent spot Gold and Silver price increases hold at their current levels, values of U.S. Investment grade certified coins will normally play catch up within a few months.

Modern new issues
These are the most popular items on many internet auction sites. Newly released U.S. issues are very hot, while many of the older issue U.S. coins have remained stagnant during the low activity summer months.

U.S. Certified rarities
Showing the best price appreciation in the past few years, demand continues to outweigh existing supplies for U.S. Certified rarities. Recent auctions have brought record high prices and in a few cases, over a million dollars.

U.S. and World Gold/Silver bullion coins
Demand for newly minted Gold bullion coins (i.e., Eagles, Buffalos, Maple Leafs and Krugerrands) has increased at a good pace. The pre-1934 European and U.S. Gold coins are very popular with investors, and premiums are on the rise due to the strong European and British demand caused by the Brexit concerns.

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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.

Back to top of report