Trump meeting with banker who wants to return to a Gold Standard<br />Mint State Gold - Weekly Market Report 12/5/16

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

Trump meeting with ex-bank CEO who wants to abolish Federal Reserve and return to Gold standard

Major financial firms see $1,440 to $1,550 Gold in 2017

Russia hoarding Gold, says good-Bye to U.S. dependency

Gold back on the Fed grindstone

 

This Week’s Headlines:

Gold
Silver
Vacation
Recommended investment commitment and diversification

 

GOLD

Subsequent to Donald Trump’s election victory as the next U.S. President, the Dollar rallied sharply, interest rates moved higher, and financial, pharmaceutical, and energy stocks moved up. Why? Many market analysts felt that a Trump presidency, coupled with a Republican controlled Congress, would stimulate the economy. They also felt that federal regulations would be loosened on banks, environmental laws, and drug companies; equities in these areas have rallied as well.

During this same period, Gold and Silver prices dropped (as valued in U.S. Dollars) by 6%, while in European, Asian, and Middle Eastern currencies, Gold remained virtually unchanged. Gold closed at $1,177.80 per ounce, down $0.60 for the week. I believe the Gold price will rally back above the important long term resistance/support $1,200 per ounce level by year-end. Stay optimistic, there is great news on the horizon. For details on the reasoning behind why I see this happening and how it is possible, please read the three great articles below:

Trump meeting with ex-bank CEO who wants to abolish Federal Reserve and return to Gold standard

Major financial firms see $1,440 to $1,550 Gold in 2017

Islamic Gold – vital new dynamic in physical Gold market

TODAY: Gold sold off this morning, reaching a low of $1,157 per ounce. Bargain buyers continue to get aggressive every time Gold hits a new 9-month low. This is a classic Bull/Bear war in the Gold market around the globe. Historically, based on today’s basic fundamentals (shown in last week’s WMR), Gold always wins.

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SILVER

Silver hit a low of $16.15 per ounce on Nov. 25, and has refused to trade lower ever since. Both physical and futures contract demand has been very strong at the $16.50 per ounce support level. Silver continues showing better price strength than Gold, with the Gold/Silver ratio dropping below 70-to-1.

Last Friday, Silver closed at $16.83, up $0.36 per ounce for the week.

Today: This morning Silver sold off with Gold, then after hitting $16.50 per ounce Silver started its move higher. With Silver consolidating, as it trades between $16.50 and $17 per ounce, I need to see Silver move above the $17 per ounce level very soon.

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Vacation

After eight years of consecutive Weekly Market Reports, I have decided to take a vacation. I will be returning to the office on Dec. 21, 2016. David and our entire staff will be able to handle your questions and transactions while I am gone. The next WMR will be December 27, 2016.

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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 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.

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