Last week, Gold traded between $1,280 and $1,300 per ounce, as it continues to consolidate recent gains. Gold is building an excellent base for the next attempt to break the important $1,300 per ounce resistance level. A weak U.S. Dollar Index and lower 10-Year Treasury rates are very helpful for Gold’s next move to the $1,300 per ounce level. Gold closed Friday at $1,287.10 per ounce, up $3.70 for the week, while increasing $9 since the beginning of 2019.

Today: Gold reached a high this morning of $1,294 in Asian trading on a weaker U.S. Dollar.
Asian trading was very active on excellent volume as Gold continues to build a firm base.

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SILVER

Silver has had a much more difficult time moving toward $16 per ounce, than Gold reaching $1,300. Silver currently has a good number of professional commodity traders and Hedge fund managers which are shorting Silver when it reaches the $15.90 level. During the past week, Silver tested its $15.50 support level twice and held, while trading mostly in the $15.60-$15.70 price level. Silver closed last Friday at $15.57 per ounce, down $0.13. The Silver-to-Gold ratio has increased to 82.36-to-1.

Today: Silver traded this morning in a very narrow range between $15.55 and $15.62 on light volume. Silver is not showing the same type of demand and price support that Gold shows.

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Rare Coin Report

Last week, I attended the January 2019 FUN Convention in Orlando, Florida. This is the first major rare coin convention of 2019, and as I expected, it had sizeable attendances of collectors, investors and dealers. During the convention, the bourse trading floor was very active with a focus on high value ($10,000 and above) U.S. certified rarities.

The Heritage auction sold a rare 1885 U.S. Trade Dollar for $3,960,000 to a client of mine, Dell Loy Hansen of Salt Lake City, Utah. A 1943 Copper Lincoln cent also sold for $200,000. During the Heritage auctions, many high-grade scarce Mercury Dimes brought record prices. What was conspicuous by its absence on the trading floor and auction was Silver Dollars and $20 Gold rarities.

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January 2019 CoinStats Is Now Available

Our numismatic CoinStats report is a great tool for rare coin investors. CoinStats is an in-depth statistical analysis of popular rare coin series that allows you to identify the best values in certified rare coins. I am proud to offer this unique and informative tool exclusively to our clients. CoinStats has been updated for January 2019 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS/NGC certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just put the word CoinStats in the subject line and email me which of the six series you would like to see.

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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 to Friday at Daily Market Update

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.

Categories: Weekly Market Report