Both Gold And Silver Are Breaking Above Resistance Levels
Current Rare Coin Listings Updated
Current listings for Morgan Dollars
Current listings for Peace Dollars
Current listings for $20 Gold Saints
The following are links to recent informative Gold/Silver articles :
Last week was truly an ugly five days for investors in the U.S. stock markets. As the equity markets plummeted, Gold did what it is supposed to as an ultimate safe haven investment. Recent history has shown (2008-2009 financial crisis) that Gold holds and increases value during times of high volatility and declines in traditional financial markets. While the U.S. Dollar Index ended the week lower, interest rates on the 10-year treasuries dropped dramatically, which makes precious metals look attractive to investors.
Gold ended the week at $1,248 per ounce, up $27 on exceptionally high trading volume. The Gold price is at the important resistance level of $1,250 per ounce. Gold was last at this level five months ago. When it broke below that level it quickly reached $1,160 before bottoming out. I believe Gold needs to stay in the $1,230 to $1,250 area for a couple weeks to consolidate recent gains. After that, Gold should move back above $1,250 and continue the bullish move to $1,300 per ounce.
Today: Concerns over U.S.-China trade talks and Brexit are keeping pressure on the world’s equity markets. The DJIA opened down another 300 points, very close to the 24,000 support level. Gold is staying in the $1,240 to $1,250 trading range as it digests recent gains.
Silver closed at $14.56 last Friday, up $0.49 per ounce for the week. Much of Silver’s increase came from speculation that the Federal Reserve is not inclined to increase interest rates as forecasted by analysts and Fed watchers last month. Last week, Silver increased at a 3.37% rate, compared to Gold at a 2.17% rate, which caused the Silver-to-Gold ratio to drop to 85.23-to-1 level.
Today: Silver is showing excellent support in the $14.50 to $14.60 range. Earlier this morning there was sizeable short-term profit taking when Silver was trading around $14.62 per ounce.
We are excited to announce that we are accepting orders for 2019 U.S. minted Gold, Silver and Platinum coins. These uncirculated coins are available in PCGS and NGC certified holders, uncertified and as a set. The 1 ounce Silver Eagles are offered in 500-piece Green Monster boxes or in smaller quantities.
Please contact [email protected] for any specialty label requests.
To see all of the pre-sale items, please click here.
Precious Metal commitment: Minimum of 40% of investment capital
Diversification: Gold 60%, Silver 30%, Platinum & Palladium 10%
Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.
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