Both the Gold & Silver price break out above recent resistance levels

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	Why The Future Money Is Gold And Silver
	Very few owners of precious metals or of bitcoin understand that investment is fine, but the ultimate reason for possessing them is against the possibility that fiat money will fail. . . . Alasdair Macleod
	Inflation Rise Sends The Dollar To The Woodshed
	Margin Debt is soaring once again, we had better beware. . . . Chuck Butler
	Basel III Gold’s Journey To The Moon And Back
	With the implementation of the Basel III frameworks, the status of Gold is anticipating massive changes . . . . Jay Kumar
	U.S. Mint Gold Coin Sales Hit New Peak In March
	The sales of American Eagle coins amounted to 55,500 oz in March 2021. . . .Paul Ploumis
	Physical Shortages in Silver
	Being the week after Easter Sunday, trading was bound to be subdued with London and some of Europe closed on Monday. . . .Alasdair Macleod
	Simple Math Is About To Cause An Inflation Problem
	No economic question is being debated more hotly right now than whether the U.S. will see a sharp rise in inflation. . . . Reade Pickert

Last Thursday, Gold finally broke out above the key $1,750 per ounce resistance level for the third and last time. Gold kept on going higher on short-covering and fresh buying, reaching a high of $1,785 per ounce. On Friday Gold closed at $1,779, up $36 per ounce for the week.

The key factors to last week’s Gold break out was lower U.S. 10-Year Treasury yields and a drop in the U.S. Dollar Index. This, combined with U.S. inflationary indicators on the horizon, is going to continue to drive the Gold price higher, with $1,800 being the next level within a month.

I believe the U.S. and other major governments’ trillion-dollar, yuan and euro stimulus packages combined with central bank zero interest rate policies will lead the world into a round of serious inflation by next winter. Another bullish element for Gold is dramatically increasing central bank purchases. Gold and Silver owners will benefit financially from these policies. The only question I have is the speed at which Gold and Silver will rally. As I predicted in January, I believe we will be over $2,000 by August and will reach $2,200 by year-end.

Today: Gold reached a 7-week high in Asian and early European markets this morning of $1,790 per ounce. That rally was generated by a fresh low in 10-year Treasury yields and a drop in the value of the U.S. Dollar. When U.S. markets opened Gold saw profit-taking and the price quickly dropped back into the $1,775 area.

Silver broke above its key $25 resistance level last Thursday and kept on going, reaching a high of $26.38. Silver closed at $25.98 on Friday, up $0.67 per ounce for the week. $30 per ounce for Silver is the key resistance level and I believe it will definitely surpass that level by August. A combination of low mintages of popular Silver investment products and increasing demand should result in premiums on these items to remain high if not higher than current levels.
The Silver-to-Gold ratio has remained unchanged around the 68.87-to-1 level.

Today: Silver both rallied with Gold, reaching $26.30, and sold off with Gold, down to $25.60 per ounce. However, Silver appears to be building a nice base above the $25.75 level as physical demand remains strong.

I’m proud to offer the April 2021 version of CoinStats, which has been updated with plus grades and other features. CoinStats for April 2021 offers six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.

The April 2021 version of CoinStats has all the populations and prices from PCGS. NGC populations and registry information has been omitted. The reason for this change is that over 80% of my clients only purchase PCGS coins, so I wanted to focus on PCGS data only. A new addition is information in increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page.

If you wish a copy of the current CoinStats, just reply in the subject line with the series requested.