Both Gold And Silver Are Fighting To Stay Above Their Key Resistance Levels

This Week's Headlines:

 

Gold

Silver

Current Rare Coin Listings

Recent News Articles

Recommended Investment Commitment and Diversification

Recent Informative Articles On Precious Metals & Rare Coins

 

Why Is Silver So Sluggish?
Since precious metals bottomed toward the end of 2015, gold has moved from USD$1,045 to $1,405 – a gain of 34%. Silver, however, has only risen from $13.65 to $15.25 – or 12%. One way of looking at the relative performance of gold and silver is . . . . John Feeney and Bron Suchecki (Read More)

Silver Poised For A Breakout
Silver and silver investments may well be the best place of all to put your money at this time . . . . Clive Maund, Streetwise Reports (Read More)

Gold Rises On Global Growth Worries, US-EU Trade Row
Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies . . . . Reuters (Read More)

Steve Forbes Tells Zuckerberg “Use Gold to Back Libra, Call It the ‘Mark’”
Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, published on June 25 an open letter to Mark Zuckerberg, advising to back Facebook’s . . . . Helen Partz (Read More)

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Current Rare Coin Listings Updated

 

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$20 Gold Saint Gaudens

 

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Gold

 

Gold tested the important $1,400 per ounce price level three times last week. During Friday trading, over the holiday weekend, Gold became weaker based on a strong U.S. jobs report. Gold closed at $1,400 per ounce, down $13 for the week. Demand continues to grow and I expect to see record Central bank buying reported for June. The Gold price is at a crucial point right now. Gold needs to stay above the $1,400 level to keep this short-term rally going. Otherwise, it’s a good bet Gold will go back to test the $1,360 support level.

Trump has nominated Judy Shelton to the Federal Reserve Board. This is important because she has been a strong advocate of the U.S. going back on a Gold Standard. This means the concept of the U.S. moving to a Gold Standard will be discussed when she goes in front of Congress to be confirmed.

Today: Gold traded higher in Asia and Europe, reaching a high of $1,406, but when it rolled into the U.S. it sold off, trading below $1,400 per ounce. Right now, Gold is in a bull/bear war at the very important $1,400 per ounce support level.

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Silver

 

Last week was truly disappointing for Silver investors. Silver closed the week at $14.97 per ounce on Friday, down $0.37 for the week on surprisingly high trading volume. Silver continues to increase its Silver-to-Gold ratio, moving to an extraordinary 93.33-to-1. Silver has been locked into a $15.00 to $15.50 trading range as Gold moves higher, causing the Silver-to-Gold ratio to move over 92-to-1. Mr. Peter Hobson, a reporter with Reuters, wrote an informative article called “Don't get too positive on Silver just because Gold's racing higher”. The article provides reasons why the Silver price hasn’t performed as well as Gold. Click with the following link.

Don't Get Too Positive On Silver Just Because
Gold's Racing Higher
Weakening global economic growth, lacklustre demand and huge stockpiles mean silver prices are unlikely to join gold in rocketing to new highs, analysts . . . . Peter Hobson (Read More)

 

Today: Silver is following Gold’s lead ,trading above and below the important $15 per ounce level this morning. Professional Commodity Traders continue to prefer the short side of the Silver trade.

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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

 

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