Gold and Silver Basing for a Rally – U.S. Mint Delays Mintage's

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After Gold’s June 17th drop to $1,765 per ounce, Gold has been trading between $1,765 and $1,795 per ounce, consolidating on sizeable trading volume. The U.S. Dollar Index and 10-Year treasuries aren’t giving Gold a direction. Last Friday, we heard that the CPI jumped 3.4% for May, while personal income dropped 2% for May. Both indicators confirm that the bullish fundamentals for precious metals moving higher will continue. Central banks, (i.e. India and China) have been aggressively purchasing Gold during the past month.

Gold ended last week at $1,777 per ounce, up $8.80 for the week. Last week’s high was $1,795, which met with resistance at the $1,800 level from professional commodity day traders. Gold is at a critical short-term crossroads right now. Gold needs to break above the key $1,800 level soon, to stay bullish, and if it doesn’t, it could test the $1,750 support level. DO NOT LOSE FAITH IN PRECIOUS METALS. This is what I call a final clean out, which means a shake out of weaker investors ahead of a major rally. It also gives physical investors a second chance to add to their holdings at very attractive prices. A sell-off like this rarely lasts long.

Today: This morning’s move above 92 in the U.S. Dollar Index is keeping pressure on the Gold price. Gold has been trading between $1,773 and $1,783 per ounce. Traders are showing concerns about the U.S. Federal Reserve’s and other central bank's policy on tightening and the scaling back of pandemic stimulus efforts.

Silver reached a low of $25.58 last Monday and kept moving up during the week. Silver closed last Friday at $26.07 per ounce, near the top of the trading range. Silver was up $0.12 per ounce last week. Silver is showing better demand and price support than Gold. Mints around the world are reporting shortages of physical Silver and are lowering or canceling mintages of popular Silver investment coins. The Silver-to-Gold ratio has remained virtually unchanged at 68-to-1.

Today: Silver has traded today between $26 and $26.30 per ounce this morning, which is bullish after the recent market decline. The $26 level has been a key support level in the past couple weeks.

Demand for the popular Gold and Silver U.S. rare coins remains strong. Recent auctions are showing record prices for PCGS/NGC graded Walker Halves, Morgan/Peace Dollars and $20 Gold rarities. With a limited supply, dealers, collectors and investors have been aggressive buyers on many of the popular networks and auction sites. The recent drop in the Gold and Silver bullion prices had no negative impact on the value of Gold and Silver rarities.

On Friday the U.S. Mint officially announced delays of several releases including their #1 in demand series, the American Eagle. Based on that notification here is a break-down of the changes. Also we have provided updates we plan on offering to our clients.

1. 2021-W Silver Eagle Proof (New Design)

   • Original Release Date: July 1st, 2021
     
   • New Expected Release Date: July 20th, 2021
     
   • Mint State Gold by Stuppler Insight: Currently we feel that this coin is going to have strong demand and sell rather well/quickly on the U.S. Mint’s website. We also expect to purchase a large quantity of these coins, and we will offer them to our clients at a wholesale price. Please keep in mind that in order to purchase these coins at wholesale you will not find them on our website. We keep these held aside privately and only offer them to clients at our amazing low price with a purchase of another coin we offer.

    

2. 2021-W Gold Eagle Proof (New Design)

   • Original Release Date: July 8th, 2021
     
   • New Expected Release Date: July 29th, 2021
     
   • Mint State Gold by Stuppler Insight: The U.S. Mint is offering these coins in the normal 5 different ways (1/10 oz, ¼ oz, ½ oz, 1 oz, and 4pc Sets). At this time, we believe the U.S. Mint is not producing enough of these coins and currently expect them to sell out very quickly. The secondary market on these coins may be very expensive initially and could hinder any ability to buy the coins at a reasonable price. This could cause an artificial short term price inflation. We are expecting to receive a small allocation of these coins and will only be able to offer them to clients on a limited basis. If interested, we will send out another email closer to the new release date to take requests for coins. We will most likely not be able to offer this coin online and will only be available by client request so please keep an eye out for that later notification in late July.

    

3. 2021-W 1/10 oz Gold Eagle Proof Set (Old and New Design)

   • Original Release Date: July 29th, 2021
     
   • New Expected Release Date: August 25th, 2021
     
   • Mint State Gold by Stuppler Insight: This new set will be an interesting one. We’ve heard mixed reviews on the set and it currently states online that 5,000 sets will be offered with a limit of 1 per household on the first day. We don’t feel overly optimistic on the potential to acquire a sufficient number of this set and don’t currently have plans to buy them. If you are looking for 1/10 oz Proof Gold Eagles, we recommend you purchase a 2021-W Proof Gold Eagle Set in the original Type 1 design that’s either First Strike, Early Release, or First Day of Issue as well as doing the same with the Type 2 design being released by the Mint on July 29th.

    

4. 2021-S Silver Eagle Proof (New Design)

   • Original Release Date: August 16th, 2021
     
   • New Expected Release Date: August 12th, 2021
     
   • Mint State Gold by Stuppler Insight: We have very limited information on this coin at this time. We do expect to offer them once available, but it will be offered in the same way as the 2021-W Silver Eagle Proof (New Design).

     
     2021 Morgan and Peace Dollar Update

     The U.S. Mint announced Friday that they are going to offer the remaining (3) 2021 Morgans with the San Francisco, Denver and Philadelphia privy marks. As well as the 2021 Peace Dollar. The new sale dates are between August 3rd to August 24th. These should sell very quickly. The Mint has said they have improved the check-out procedure on these coins as last time they offered the other 2 Morgans in CC and O privy mint marks, the website had many problems due to the high increase of traffic. PLEASE KEEP IN MIND THOUGH THAT COINS ARE STILL EXPECTED TO BE SHIPPING IN OCTOBER!!! We do expect to be allocated a fair quantity of these coins and will be offering them in 6-piece sets later in October once able. We will send out an email in October with more details.
     
     

     Recommended Investment Commitment and Diversification Minimum of 30-40% of your available investment capital Diversification includes 30% in long term investment quality rare coins and 70% short term bullion products, divided into 50% Gold, 45% Silver, and 5% Platinum & Palladium