Gold/Silver continue 2017 rally – CoinStats is available<br />Mint State Gold - Weekly Market Report 1/23/17

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

Why 2017 is Set to Be Gold’s Best Year in a Generation

Gold Price ’Bullish’ as Inflation Breaches Fed’s 2% Target Trump Spurs ’Currency War’

Sharps Pixley Forecasts Gold To Average $1310 with a High of $1390 in 2017

Making Gold Great Again: All Eyes on the White House

 

This Week’s Headlines:

Gold
Silver
January 2017 CoinStats
Recommended investment commitment and diversification

 

GOLD

Last Friday, Gold closed at $1,205 per ounce, up $54 (5%) since the beginning of the month. What is important about last week is that on all four trading days Gold closed above the key $1,200 per ounce support level. What’s next for the Gold price? A test of the $1,250 per ounce resistance level within the next 2 weeks, followed by a move toward $1,300. This January increase was expected, based upon the historically bullish trend for the first three months of the year.

Many of the professional short term precious metal traders, who were short selling Gold on rallies and covering on lows last year, have switched to a bullish strategy. They are now buying Gold on weakness, and taking profits on rallies. Long terms traders, and investment and mutual fund managers are adding Gold to their holdings on dips.

Last week, as President Donald Trump was inaugurated, the U.S. Dollar, Dow-Jones, and Bond prices sold-off, while Gold continued to rally higher. I expect to see this trend continue for a while. Volatility in the precious metal, futures, and equity markets is increasing. Whether you are a Trump supporter or critic, you have to agree that his tweets and news conferences do move the financial markets. Concerns about his cabinet appointments, and fears of a trade war or an out of control budget deficit should continue to increase market volatility.

Today: The 2017 Gold rally continues as we see a weaker U.S. Dollar trading at a six-week low. Strong Asian and Middle-Eastern demand took Gold to $1,219 per ounce in early trading.

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SILVER

Last Friday, Silver closed at $17.03 per ounce, up $1.98 (6.8%) since January 1. Silver stayed above the key $17 per ounce resistance level all four trading days last week, consolidating its recent gains. Silver reached a new 2017 high of $17.36 last week before seeing short-term profit taking. I continue to believe Silver will reach $17.50 by month end.

The Gold/Silver ratio has decreased to 70.74-to-1.

Today: This morning Silver followed Gold’s lead, moving to a high of $17.28 per ounce in Asian markets. I look for a little consolidation this week after the recent rally.

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January 2017 CoinStats is now available

Our numismatic CoinStats report is the best investment tool for rare coin investors. CoinStats is an in-depth statistical analysis of popular rare coin series that allows you to identify the best values in certified rare coins. I am proud to offer this unique and informative tool exclusively to our clients. CoinStats has been updated for January 2017 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

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

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

 

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

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