18 Is The Number- Gold Heading For $1,800 While Silver Can’t Stay Above $18

Stuppler & Company is proud to email our clients this Weekly Market Report (WMR). The report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each WMR I share the current status of Gold and Silver along with their support and resistance levels.

 

Current Rare Coin Listings Updated

 

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Recent Informative Articles On Gold & Silver

 

Why Gold, And Why Now
For thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there. . . .Jan Nieuwenhuijs
Why There Is Disconnect Between Gold And Silver Prices
The Gold-Silver ratio internationally made a high of 124 before retracing to 100. The spread has given correction. . . .Jayesh Khilnani

$3,000 Gold Price No Longer Target It’s Now $10,000 When Fed's Assets Collapse
The Federal Reserve’s balance sheet is at risk of devaluation, and should the underlying assets fail, gold will respond by. . . . Kitco News

Goldman Sachs: Silver Price Rally Is Just Getting Started
Silver price is up by more than 1.10% today as investors react to a bullish call by Goldman Sachs on Friday. The metal is. . . .Crispus Nyaga
Thousands Of Years Of Data Suggest It’s Time For This Investment To Shine
On March 18, the gold-silver ratio, which simply shows how many ounces of silver it takes to buy one ounce of gold. . . .Shawn Langlois
World's Ultra-Wealthy Go For Gold Amid Stimulus Bonanza
As stock markets roar back from the coronavirus-led rout, advisers to the world’s. . . .Brenna Hughes Neghaiwi & Simon Jessop

 

This Week's Headlines:

 

Gold

Silver

State Of Numismatics

Recommended Investment Commitment and Diversification

 

Gold

 

As the world’s leading nations continue to bail out large companies and stimulate their countries’ economies, printing presses are working at an extraordinary pace. In the United States, the Federal Reserve continues to provide liquidity to the financial system with no letup in sight. Congress has already passed four Trillion-Dollar stimulus bills and with the worsening COVID-19 problems, there is more on the way. Congress badly needs to help states, cities, hospitals, public schools, and many more who are running major deficits. It is clear that the amount of paper money needed to be made available will diminish its value. This will increase the value of safe haven investments and ultimately lead to hyperinflation.

What can investors do?
Investors should buy more Gold now, and that is what is happening around the globe. Demand for all types of precious metal investments is growing. There are many ways to invest in Gold and Silver: mining stocks, jewelry, flatware, futures, options, ETFs…but for thousands of years the most popular and most profitable way to own Gold/Silver is physical coins and bars. Coins provide instant liquidity and, if purchased from a creditable company, have minimal fees when buying or selling.

During my average week, I work with many different types of clients; Gold/Silver and rare coin investors, collectors of rare coins, and currency. These clients range from a multi-billionaire to clients just trying to reach our minimum transaction levels.

Two questions that I am consistently asked are about timing and pricing:

  • Timing- Considering today’s fundamentals and technical facts, the timing couldn’t be better.
  • Pricing- Current limited availability has caused a slight increase, but prices are still attractive.

Last week, the price of Gold closed above the $1,760 support level all five trading days, establishing an excellent base for the next leg of the current rally. Gold closed the week at $1,773 per ounce, up $27 on excellent trading volume.

Today: A strong economic report, that U.S. pending home sales for May was up 44%, is giving the financial markets an upward direction. Gold is staying in a respectable trading range above $1,770 as it continues to build a firm base.

Silver

 

Silver had a difficult time trying to stay above the key $18 level all last week. Silver reached a high of $18.23 per ounce last Wednesday, but continued to see selling and short-term profit taking. While Gold is seen as a hedge against economic and financial disasters (COVID-19 stimulus), Silver has always been considered to be a hedge against inflation, and we haven’t seen it yet. I believe we will see inflation, but not till early next year, as the economy recovers and the real rate of inflation worsens. Silver closed the week at $17.92, up $0.08 on average trading volume.

Today: One more time Silver moved above the key $18 level, but couldn’t hold it. I believe we need to see Gold move above $1,800 before seeing a firm move above $18 for Silver.

 

State Of Numismatics

 

Three months ago, when businesses started closing and the unemployment rate began making headlines, I was overly concerned that the rare coin market would suffer, but I was wrong. Home quarantined collectors, who couldn’t travel and were unable to spend money, started focusing on their collections. Since March, we have seen an extraordinary increase in purchases of collector coins valued from $100 to $50,000. Demand on the internet, numismatic auction houses, and major dealerships has increased on everything from Indian pennies to $20 Gold coins. This is in addition to strong demand for most of the popular Gold, Silver, Platinum and Palladium bullion coins.

 

Recommended Investment
Commitment and Diversification

Minimum of 40% of your available investment capital

Diversification includes 50% in long term investment quality rare coins

and 50% short term bullion products, divided into

60% Gold, 30% Silver, and 10% Platinum & Palladium

Thank you
Barry + David StupplerMintStateGold.com by Stuppler and Company

[email protected]

1-888-454-0444

Barry Stuppler
Founder + President

David Stuppler
Managing Director



All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of 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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