Gold Breaks Above The $1,300 Level - Apollo 11 Coin Released
Current Rare Coin Listings Updated
Current listings for Morgan Dollars
https://www.mintstategold.com/silver/us-mint/morgan-silver-dollar.html
Current listings for Peace Dollars
https://www.mintstategold.com/silver/us-mint/peace-silver-dollar.html
Current listings for $20 Gold Saints
https://www.mintstategold.com/gold/us-mint-1/saint-gaudens.html
Links to recent informative articles on precious metals and rare coins:
No End In Sight To World's Rising Debt
Gold Looks Like 'Safe Money' Amid Rising Inflation Expectations
Gold Hits An All-Time High In 72 Currencies
Global Silver Production May Decline More Than Analysts’ Forecasts
Russia Becomes World's Fifth Biggest Gold Holder After Sanctions
Gold
Silver
US Releases The Apollo 11 Coins January 24th
Recommended Investment Commitment And Diversification
Last Friday Gold closed at $1,298.10 on the New York CME exchange, up $18 per ounce. But, in aftermarket trading, Gold reached $1,303 per ounce. What caused Friday’s Gold rally? A combination of a weaker U.S. Dollar and reports of massive inflows of Gold going into major ETF funds over the past few weeks.
Since Gold surpassed the $1,300 resistance level on Friday, this week could be exciting. I would like to see some consolidation above the important $1,300 price level. Next week we have the Chinese Lunar New Year. The Chinese historically have been massive buyers of Gold during this New Year holiday.
Many American investors believe that the Gold prices have not performed like a true safe haven investment, especially in the face of recent extraordinary geopolitical and economic events. Concurrently, in 72 other countries, when measuring the Gold value in local currencies, Gold is at or within a few percentage points of being at an all-time high. Investors in countries like India, Russia, Canada and Japan and 68 other countries are aggressively buying Gold at an All-Time High. For more details please read Gold Hits An All-Time High In 72 Currencies.
Today: Gold has traded between $1,297 and $1,304 per ounce today on excellent volume. Most of today’s trading was above the important $1,300 price level, as we are seeing traders look at a weaker U.S. Dollar Index and adjusting to the higher Gold levels.
After reaching a low of $15.14 per ounce last Monday, Silver stayed on the defensive all week. Numerous times, Silver appeared to have a high probability of testing the $15 per ounce support level. Finally, on Friday, as the price of Gold was rallying towards the important $1,300 level, Silver found buyers. Silver hit a high of $15.72 before short term profit-taking hit, and Silver closed at $15.63 per ounce. Currently, the Silver-to-Gold ratio is at 82.69-to-1.
Today: After last Friday’s rally Silver is finding support above the $15.50 per ounce level this morning. That support has helped drive up the Silver price to at high of $15.79 in early trading.
US Releases The Apollo 11 Coins January 24th
On last Thursday, January 24th, 2019, the US Mint finally released its coins for the Apollo 11 50th Anniversary. Since so many clients have been asking about these pieces, we wanted to let our clients know that we purchased a good number of these coins and will be offering PCGS graded 70 First Strike coins in the limited-edition Astronaut Label benefiting the Astronauts Memorial Foundation. To learn more please email us at [email protected] or call toll free at 888-454-0444.
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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