Gold And Silver Testing Important Support Levels

Current Rare Coin Listings Updated

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

GOLD – We Have To Go Down To Go Up To $1400 Plus

Gold, Silver Preparing For Blastoff

Gold Remains An Attractive Inflation Hedge - JP Morgan

The Return To A Gold Exchange Standard

This Week’s Headlines:

Gold
2019 Proof Gold Eagle Pre-Sale Coming Soon
Silver
Numismatic Report
Recommended Investment Commitment And Diversification

GOLD

Last Friday Gold dropped to a five-month low of $1,289.50 per ounce, breaking below the key $1,300 level on sell orders based on stop loss selling. A strong U.S. Dollar index and higher interest rates added to the pressure on the Gold price. Gold closed at $1,292 per ounce, down $16 for the day.

This correction has the look of a weak-hands clean out, where a major player drives the Gold price lower in an effort to clean out small investors. Driving down the price will cause stop-loss selling because of margin calls. Then the major player buys at the cheaper price to increase his/her holdings, before taking the price higher. Breaking below the key $1,300 support level on a Friday will cause margin call selling this week, and that should be the bottom. If I’m right, the price should find support at the $1,280 level and then move back above $1,300 by Friday. I expect to see major Gold buying from Central Banks worldwide very quickly.

This is a great buying opportunity to add to your Gold/Silver holdings as the long-term direction of Gold is in place and Gold’s bullish fundamentals have never been better.

Today: Gold reached $1,282 in early morning trading as margin call selling hit the market.
At that point sizeable buying appeared and took the price up $5 per ounce.

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2019 Proof Gold Eagle Pre-Sale Coming Soon!

This Thursday March 7th the US Mint is expected to be selling the 2019 Proof Gold Eagles. We wanted to let our clients know that shortly afterwards, once we get confirmation of the coins, we will be offering them for Pre-Sale in PCGS, NGC, and Gov't Packaging. We will also be offering everything with our exclusive LOWEST PRICE GUARANTEE! Supplies will be limited to receive our lowest price gaurantee, but expect an email to most likely be sent out between Friday and Monday to officially start the pre-sale. If you have an interest please contact us toll free at 888-454-0444 M-F 9am to 5pm PST or contact [email protected] / [email protected] to let us know what you have an interest in ahead of time so we make sure to put you on the top of the list. Thank you

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SILVER

After Silver made a new 2019 high of $16.20 per ounce on February 20th, it made a new 2019 low of $15.08, last Friday. Silver ended the week at $15.17 per ounce, down $0.37 for the day. CME trading volume in the Silver pits was very high last Friday, especially for it being a Friday, an excellent indicator of a major clean-out. $15 per ounce should be a major support level for Silver.

Today: Silver tested the $15 support level this morning, reaching a low of $15.01 per ounce on margin call selling. At that price sizeable buying came in and the price rallied $.10 per ounce.

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Numismatic Report

Last week I attended the Whitman Baltimore Expo Show in Baltimore, MD. This is a major rare coin convention with thousands of dealers, collectors and investors attending. What I found was a serious shortage of new quality Gold and Silver rare coins, similar to what I saw at other conventions in Long Beach and Orlando. Stacks Bowers held a well-attended auction with active bidding and excellent prices.

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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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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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