Year-end could be great opportunity to buy Gold & Silver<br />Mint State Gold - Weekly Market Report 12/27/16

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

India Said to Consider Lowering Gold Import Tax to 6% From 10%

Asia’s Gold Investing Support Goes AWOL: China

Central Bank Gold Demand Could Accelerate on Growing Federal Debt

Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market

This Week’s Headlines:

Gold
Silver
Rare Coin report
Recommended investment commitment and diversification

GOLD

Since the election of Donald Trump, the U.S. Dollar and interest rates have soared. During this same timeframe, financial, pharmaceutical and energy stocks have led the way in the world’s equity markets’ climb higher. The marketplace has shown us that a higher U.S. Dollar value versus other major world currencies, and a sizeable jump in interest rates, are negative for precious metals. Gold has declined approximately 10% since Trump was declared the winner of the presidential election. This selloff parallels the U.S. Dollars’ increase in value versus the Euro.

Last week, Gold declined $3.80 per ounce, closing on Friday at $1,133.60, up $73.30 (6.91%) since the beginning of 2016. Gold could have already bottomed out at $1,124 per ounce on December 15th and be on its way back to $1,200, or it is possible that Gold could still test the $1,100 per ounce long term support level. Whether it is due to a decline in the value of the U.S. Dollar, or year-end tax selling, we should see an excellent buying price for Gold by the end of this week.

I believe this coming week will offer an extraordinary opportunity for long term Gold investors to purchase Gold at a year-end bargain price. Based on Gold’s 15 bullish fundamentals (refer to 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 recent selloff in precious metals, Gold is still up almost 7% for the year (better than most traditional investments), and remember that last year’s low in the Gold price was reached in December.

TODAY: Gold tested the $1,150 resistance level in Asia this morning, reaching $1,149.60 per ounce before finding heavy selling. Right now, Gold is finding support around the $1,130 area.

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SILVER

Silver closed at $15.76 per ounce, down $0.47 for the week. Silver broke below the key $16 per ounce long term support level last Tuesday and hasn’t closed above $16 since then. This coming week I believe Silver will follow Gold higher or lower, but the price will represent an excellent purchase level.

The Gold/Silver ratio has increased to almost 72-to-1.

Today: Silver can’t find buyers above the important $16 per ounce resistance level.

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Rare Coin report

Next week, I will be attending the January 2017 FUN Convention in Fort Lauderdale, Florida. This is the first major rare coin convention of 2017 and I expect to see a very active trading bourse floor. With hundreds of the major rare coin dealers and thousands of collectors and investors, I’m hoping to pick up many of the undervalued $20 Gold Saints, and Morgan Dollars, to build up our inventory and fill clients’ want lists. Please, update your want list if you haven’t recently.

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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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