Gold up $22 & Silver up $0.54 in 1st week of 2017<br />Mint State Gold - Weekly Market Report 1/9/17

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

Grab some Gold because the Fed can’t figure out Trump, a growing chorus says

Gold lures investors worried about trade wars and Trump tweets

Gold set to snap three-year losing streak with 9% gain in 2016

Trump’s pick for budget chief liked Gold, had dim view of dollar

 

This Week’s Headlines:

Gold
Silver
Rare Coin report
Recommended investment commitment and diversification

 

GOLD

Last Friday, Gold closed at $1,172 per ounce, up $22 in the first trading week of 2017. Last week, we saw a sizeable increase in physical, future contract, and equity demand for Gold bullion investment products. The U.S. Mint produced 985,000 ounces of Gold Eagles in 2016, that’s an increase of 184,500 ounces (23%) over 2015 sales.

A relatively low price, combined with an historically bullish period of the year, has set the stage for a quick rally back to the important $1,200 per ounce resistance level.

When professional traders, market analysts, and precious metal investors returned to work in 2017, they rethought the Gold/Silver’s future price outlook. Concerns and fears over the policies of the Trump administration range from a trade war to hyper-inflation within the first years.

I believe the current Gold price offers an extraordinary opportunity for long term Gold investors to purchase Gold at a bargain price. Based on Gold’s 15 bullish fundamentals (refer to the November 28, 2016 Weekly Market Report), 2017 should be a very good year for precious metal investors. Although many of our Gold and Silver bullion clients have voiced disappointment with the December 2016 selloff in precious metals, Gold is still up 8.46% for the year (better than most traditional investments). Remember, in the first 60 days of 2016 we saw almost a $200 increase in the Gold price. Traditionally, Gold has shown good price increases in the early months of the year.

Today: A stronger U.S. Dollar may be a negative for Gold, but not in the face of this morning’s heavy physical demand in Asia. This morning Gold added to last week’s $22 increase with another $11 on excellent trading volume.

Back to top of report

 

SILVER

Last Friday, Silver closed at $16.48 per ounce, up $0.54 (3.4%) on excellent volume. Silver moved above the key $16 per ounce on Tuesday, and never looked back, reaching a weekly high of $16.72 per ounce before seeing some short-term profit taking.

The Gold/Silver ratio has dropped to 71.12-to-1.

Today: This morning Silver followed Gold’s lead, moving to a high of $16.72, up another $0.24 on good demand.

Back to top of report

 

Rare Coin report

Last week, I attended the 2017 FUN Convention in Fort Lauderdale, Florida. This was the first major rare coin convention of 2017 and it had very active trading on the bourse floor. Over a thousand rare coin dealers, plus thousands of collectors and investors, were aggressively buying and selling rare coins for their collections.

However, many of my friends who were at Fort Lauderdale airport on Friday got the scare of their life as the airport was closed right after a shooter killed 8 people. I left on Saturday and was only delayed two hours while I waited at a very crowed airport. The good news from this trip is that the rare coin market is very healthy with demand outweighing supply.

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 BLOG

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

 

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

Back to top of report

Copyright © 2023 MINTSTATEGOLD.COM. All rights reserved.