Both Gold And Silver Are Trading At Very Affordable Levels

 

 

Current Rare Coin Listings Updated

 

Click Here to see all our NEW Morgan Silver Dollars

CLICK HERE for NEW
Morgan Silver Dollars

Click Here to see all our NEW Peace Silver Dollars

CLICK HERE for NEW
Peace Silver Dollars

Click Here to see all our NEW Morgan Silver Dollars

CLICK HERE for NEW
$20 Gold Saint Gaudens

 

 

Links to recent informative articles on precious metals and rare coins

 

 

Why Gold Could Rise For
The Next 10 Years
Silver Versus Debt,
Delusions And Devaluation
Gold Has Been Rallying,
Now It’s Silver’s Turn

 

 

This Week’s Headlines:

Gold
Silver
I’m Taking A Vacation For The Next Three Weeks
Recommended Investment Commitment And Diversification

 

Gold

Last Tuesday, Gold broke down below the key $1,280 per ounce support level. On that day, the U.S. Dollar index moved above the 97-resistance level and there were reports that a new U.S.-China deal was imminent. This news, plus a news story that Venezuela was selling $400 Million of its Gold to pay debt, took Gold below the $1,280 support level. The CME trading volume for the June Gold futures contract, when Gold moved below $1,280 last Tuesday, was the highest (32.7 Million ounces) of the month.

Gold closed last Thursday at $1,273 per ounce, down $19 per ounce (1.5%). (No trading on Friday, due to the Easter Holiday.) Gold needs to move back above $1,280 this week, or we can develop a new trading range between $1,260 and $1,280 per ounce.

Today: Inflation concerns fired up this morning as the Oil price increased 3% this morning. This is the highest price for Oil since November of last year. Gold is trading at $1,276 per ounce up $3.

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Silver

Last week, Silver held up better than Gold, testing the $14.80 per ounce level and holding. Silver closed last Thursday at $14.94, down $0.02 per ounce. The Silver-to-Gold ratio dropped to 85.32. Professional traders short-sold Silver when it dropped below $15 and many of them have covered those positions.

Today: Based on the potentially inflationary news, Silver reached a high of $15.12 per ounce this morning. Then, Silver sold off and reached the $15 per ounce support level.

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I’m Taking A Vacation
For The Next Three Weeks

I leave on vacation Tuesday and will return May 12th, so there will not be a Weekly Market Report during that time frame. During my vacation I plan on working on my book, which will be released later this year, before I celebrate my 60th year as a professional numismatist.

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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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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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