Gold And Silver Tested The Lows And Rallied Back

Current Rare Coin Listings Updated

CLICK HERE for NEW Morgan Silver Dollars

CLICK HERE for NEW Peace Silver Dollars

CLICK HERE for NEW $20 Gold Saint Gaudens

Links to recent informative articles on precious metals and rare coins:

Investing For A New Cold War? Grab Some Gold

Fall In Silver Prices Will Set The Stage For A Strongly Renewed Advance

The Dollar – King Rat of Failing Currencies

Wedding Demand Props Up Indian Gold Imports for a Second Month

The Domino Effect: Romania Joins Gold Repatriation Exodus

What's Behind Silver's Fall?

This Week’s Headlines:

Gold
2019 Proof Gold Eagles Available to Pre-Order Now
Silver
Recommended Investment Commitment And Diversification

GOLD

Between February 21st and March 4th, just eight trading days, Gold dropped $60 (from $1,344 to $1,285 per ounce) based on no significant news or events. On March 7th, Gold tested the major $1,280 per ounce support level before returning higher on Friday. On March 8th, last Friday, Gold closed at $1,297 per ounce on the highest CME trading volume for the week. Gold actually closed last Friday up $0.10 for the week, and just below the important $1,300 level.

What happened? In my opinion what we just saw was a weak hands cleanout. Major commodity traders, with the possible help of a couple central banks, sold Gold tonnage into the market for a period of a few days, breaking support levels. This causes smaller Gold/Silver futures investors to receive margin calls or have their holdings to be sold into the market. Commodity technicians who follow chart formation also sell since the price has broken support levels. Over a period of a couple of days, between the technicians and small investors, a sizeable amount of Gold and Silver future contracts are sold into the market.

Why did we see the Gold market up $13 per ounce last Friday on the highest trading volume of the week? These professional traders and possibly a central bank or two covered their short sales and went long, picking up a sizeable increase in their Gold holdings. It would be interesting to see which central banks made a dramatic increase in their Gold holdings during March.

For right now I would expect to see Gold trade in the $1,280 to $1,300 per ounce range while building a fresh base for a very short period of time. Then Gold should break above the $1,300 level while it resumes its move to $1,400 by the end of the year. Today’s pricing represents an extraordinary opportunity for our clients to add to their Gold/Silver holdings.

Today: This morning Gold moved $5 lower on higher interest rates which kept the U.S. Dollar Index strong. Consolidating the Gold price in this range would be healthy for a short period of time.

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2019 Proof Gold Eagles Available to Pre-Order Now

As mentioned in last week’s Weekly Market Report we are now offering our 2019 Proof Gold Eagles in both PCGS and NGC Perfect 70 condition in First Strike, Early Release, and First Day of Issue. These are all being offered with our exclusive LOWEST PRICE GUARANTEE! Please take advantage of these offers before we run out. You can also buy these coins in the original mint packaging and receive a free bonus gift, please click the link below.

Buy American Gold Eagle Proof Coins Online - Mint State Gold

2019 PROOF GOLD EAGLE PRE-ORDER WITH LOWEST PRICE GUARANTEE

American Eagles were the first new Gold coins minted in the U.S. following the passage of the Gold Bullion Coin Act of 1985. Before that, the U.S. Mint had not produced any Gold items since 1933.

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SILVER

Silver followed Gold lower last week, reaching an amazing low of $14.91 per ounce. On Friday, the price recovered like Gold, closing at $15.28, up $0.09 per ounce for the week. It was disappointing to see Silver break below the important $15 level, but the volatility in the Silver market was substantially higher than Gold.

Today: Silver followed Gold lower on normal trading volume. After dropping below the key $15 per ounce level last week, Silver needs to firm up and stay above that level this week.

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Recommended Investment Commitment and Diversification:

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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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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