Gold Moves Above $1,300 Per Ounce And Looking Good

By Barry Stuppler

| June 3 2019

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

	Why Gold Matters
	Few assets are more misunderstood than Gold. Central bankers quietly amass it, even as they publicly denounce it. It is widely regarded as redundant, what . . . .Tim Price (Read More)

	Gold Silver Ratio Highest In 25 Years - Price Surge Next?
	The Gold to Silver ratio is the highest it has been since 1993. We cover the price movements of Gold, Silver, platinum, palladium, the U.S. Dollar Index, Equities markets . . . . Jacob Wolinsky (Read More)

	Precious Metal Atlas - Swiss People Like To Invest In Gold
	Gold is among Swiss people’s favorite forms of investment. The most popular one is real estate (mentioned by 53% of the interviewees), but Gold comes a close . . . . University of St.Gallen (Read More)

	Who Owns The World’s Gold Reserves
	Central banks around the globe have been on a Gold buying spree this year, with Russia and China leading the pack. In the first three months of 2019, Gold . . . . Cecilia Jamasmie (Read More)

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment And Diversification

Gold

The month of May ended last Friday with the price of Gold at $1,306 per ounce. $1,306 was up $21 for the month and the highest price for the month of May.

Last Friday, dropping interest rates and an expanding trade war gave Gold good incentive to break above the key $1,300 per ounce resistance level. The interest rate on the popular 10-Year Treasuries dropped to 2.14%, the lowest rate since 2017. Trump also expanded his trade war to Mexico, which caused the DJIA to close at 24,815, down over 770 points for the week.

Gold reached a high of $1,307 before seeing sizeable profit taking and short selling on Friday, but the price held. Gold found additional support in Asian and European markets this morning, which was the key to a prolonged breakout. Gold has reached a high of $1,320, which confirms the breakout and is a good indicator that we could see Gold move above $1,346 per ounce soon, and make a new 2019 high.

As many states look to make legal tender and world governments discuss bringing back a Gold standard, we have posted this interesting and insightful article about Gold ownership:

Why Gold Matters

Few assets are more misunderstood than Gold. Central bankers quietly amass it, even as they publicly denounce it. It is widely regarded as redundant, what . . . .Tim Price (Read More)

Today: Asian, Middle-Eastern and European commodity markets picked up the Gold rally from Friday’s U.S. market. Expanding trade wars, lower equity prices and dropping interest rates have helped demand for the world’s best safe-haven investment, GOLD.

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Silver

Silver reached a new 2019 low last Tuesday of $14.25 per ounce, on the highest trading volume for the month of May. On Friday, the day Gold rallied $19, Silver could only increase $0.08 per ounce, closing at $14.53. Silver’s price performance has been very disappointing recently. But, considering the massive 850-million-ounce and growing accumulation by JP Morgan, Silver needs to be looked at as an excellent value investment. See article below for more on this subject.

JPMorgan, Silver Investors & More

Jim Cook Interviews Ted Butler - Cook: A lot of silver investors are frustrated these days. Can you give them any hope? ; Butler: I'd be lying if I said I wasn't . . . . Theodore Butler (Read More)

Another bullish factor for Silver is the important Silver-to-Gold ratio, which has dropped to an unbelievable 89.19-to-1.

Today: Taking its lead from Gold, Silver rallied today over 1%, reaching a high of $14.77 per ounce, before seeing short-selling. Silver needs to break back above the $15 per ounce resistance level to gain bullish sentiment from many professional commodity traders.

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Recommended Investment Commitment and Diversification

Minimum of 40% of your available investment capital

Diversification includes 50% in long term investment quality rare coins

and 50% short term bullion products, divided into

60% Gold, 30% Silver, and 10% Platinum & Palladium

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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.

Categories: Weekly Market Report