Gold Continues Its Bullish Run, Making A New 2019 High

Current Rare Coin Listings Updated

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

The Return To A Gold Exchange Standard

9 Bonafide Reasons Why Silver Is So Valuable

When Trouble Strikes, Where Should You Hide? The Case For Gold

Russia And China’s Gold Age?

Citi May Liquidate Over $1 Billion In Venezuela Gold Within Weeks

This Week’s Headlines:

Gold
Silver
Numismatic Report
Recommended Investment Commitment And Diversification

GOLD

Gold made a new 2019 high at $1,346 per ounce last Wednesday when the January Federal Open Market Committee (FOMC) minutes were released. Those minutes indicated that several of its members favored rate-hikes in 2019, although the majority of members preferred to put a hold on any increases. What is really incredible about this new high for Gold is that the U.S. Dollar index was trading above 96. A strong Dollar index normally isn’t a good environment for higher Gold prices.

Gold closed last Friday at $1,329 per ounce, up $10.70 for the week. Now, I believe Gold is establishing a trading range between $1,320 and $1,350 per ounce, as it builds another base. The Gold fundamentals (mentioned in my February 4th Weekly Market Report) have never looked better and I expect to see Gold test the $1,400 level by the end of March.

Today: An extension on the deadline for a U.S. - China trade agreement has lifted the equity markets and kept precious metal markets virtually unchanged.

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SILVER

Silver made a new 2019 high of $16.20 per ounce last Wednesday, but heavy profit taking and short-selling drove the price down to $15.80 by Thursday. Right now, many professional traders would short sell Silver if it moves above $16, unless Gold makes a massive up move.
So, I see Silver staying in a $15.75 to $16 per ounce trading range until Gold gives it direction. Silver closed last Friday at $15.91, up $0.17 per ounce for the week. The current Silver-to-Gold ratio has reached a 2019 high of 83.75-to-1.

Today: With the Gold price virtually unchanged, Silver trading is dormant on light trading volume.

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Numismatic Report

This week the Whitman Baltimore Expo Show starts on Thursday in Baltimore, MD. This is a major rare coin convention with thousands of dealers, collectors and investors attending. Recent rare coin conventions in Long Beach and Orlando have shown increasing demand for higher grade PCGS/NGC Gold and Silver coins. I have a large collector and investor want list and am hoping to pickup a good portion of what they need to complete their collections.

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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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