Gold Moves Above $1,700, New 7 ½ Year High–APRIL COINSTATS HERE

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Gold Could Be At $20,000 in 2-5 Years Says Pierre Lassonde – An Analysis
	Pierre Lassonde is one of the doyens of the gold mining sector – and an eternal optimist on the future. . . .Lawrence Williams
	Gold Zips Higher As Fed Moves Seen Weakening Dollar
	Gold futures rally (XAUUSD:CUR) to their highest levels since late 2012. . . .Carl Surran - Seeking Alpha News Editor
	Gold Prices Soar To 7.5-yr. High As Fed Drops "Atomic Bomb"
	Gold prices are trading sharply up and at a 7.5-year high near $1,750 in midday U.S. futures trading Wednesday. . . .Jim Wyckoff
	A General Look At China And Its Gold Market In Wake Of COVID-19
	Recent indications suggest that the coronavirus (COVID-19) outbreak in China appears. . . . Ray Jia - World Gold Council
	Gold Demand Soars In Major Asian Hubs
	Physical bullion markets in major Asian hubs saw a sharp divide this week with some regions seeing a surge in demand. . . .Recorder Report

Last week, Gold continued its rally towards my target of $2,000 by year end. Gold closed at $1,715 per ounce, up $82 for the week with excellent demand. I expect to see more negative economic news this week, resulting in more financial assistance from the Federal Reserve and Congress. I look for the equity markets to stay on the defensive this week, while Gold builds a base around the $1,700 level. Demand for Gold is growing strong worldwide, as short-term shortages are driving up premiums on popular physical Gold investments products.

The printing presses are running 24 hours from many of the world’s biggest governments. Central Banks and our Federal Reserve need to save the world’s largest economies. While the value of the world’s major currencies is being destroyed before our very eyes, right now the focus is to use the money to simulate the economy. While watching a few of last weekend’s financial television shows, I learned that the primary focus of politicians is to get the money to businesses as fast as possible to keep the unemployment rates from going into orbit. Most banks are having a difficult time in processing the applications because the information required is a moving target. Hopefully, that will be cleared up this coming week by the Treasury and Federal Reserve.

Today: Concerns over the negative effects that the coronavirus is having on the world’s economies still dominates the financial news. Equity markets are trading lower, while Gold continues to hold above the key $1,700 per ounce support level.

Last week was also good for the Silver price. Silver closed the week at $15.56, up $1.12 per ounce on excellent COMEX futures and physical demand. After hitting a 12-year low of $11.60 on March 18th, Silver was undervalued and due for a pull back. With Gold trading in the $1,700 per ounce neighborhood, I expect to see Silver stay above the $15.00 level.

Many popular physical Silver investment products are in short supply, as many of the world’s mints are backordered or closed. The Canadian mint announced it was closed. Premiums on 1 ounce .999 Silver Eagles, Maple Leaf, Trade Units, as well as junk 90% U.S. Silver coins, have increased but are still available.

Today: Silver reached a low of $15.25 per ounce before finding buyers. The strong Gold price is also a contributing force for Silver, as it now stays above the $15.50 level.

I’m proud to offer the April 2020 version of CoinStats, which has been updated with plus grades and other new features. CoinStats for April 2020 offers six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

One of the new changes in the 2020 version of CoinStats is all the populations and prices are from PCGS; we have deleted NGC populations. The reason for this change is over 80% of my clients only purchase PCGS coins, so I wanted to focus on PCGS data only. A new addition is information in increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page.

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 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. I would appreciate your input on the changes in CoinStats. 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 receive.