| Stuppler & Company is proud to email our clients this Weekly Market Report (WMR) for the 30th year. This report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each Weekly Market report, I share my opinion of the current status of Gold and Silver along with the news that effects the price change. |
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Current Rare Coin Listings Updated
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Recent Informative Articles On Gold & Silver
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Gold Makes The Largest Single-Day Advance In Five Months As Bulls Regain Control |
| Gold surged today, clearing resistance at $4,200 and its 50-day moving average at $4,249 to reach an intraday high of $4,328.20. At the time of writing, the metal is trading at $4,308 — a gain of $173.80, or 4.20%, marking gold's largest single-day advance in five months... Gary Wagner and Joseph Wagner |
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BNP Paribas Sees Gold Hitting $5,000 As Trump’s Pressure On The Fed Weakens The Dollar |
| Gold pushed to its highest level since February, and BNP Paribas Wealth Management is telling clients the rally has room to run. On Bloomberg’s Insight with Haslinda Amin Thursday, Shafali, Head of Investment Services Asia at BNP Paribas Wealth Management, laid out the bank’s forecast that bullion could reach $5,000 an ounce within 12 months... AJ Tiarsmith |
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Bank Of Korea Resumes Buying Gold After 13-Year Pause |
| The Bank of Korea (BOK) has begun buying gold for the first time in 13 years, the central bank said Monday... OH HYO-JEONG |
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Silver Leads Metals Higher As Hormuz Optimism Cuts Oil Risk Premium |
| Spot gold prices were firmer, as spot silver prices rallied late Tuesday, as lower oil prices and softer bond yields helped offset still-hawkish Federal Reserve expectations after last week’s divided policy hold. At the time of writing, spot gold was trading near $4,077.70 an ounce, up 0.57% on the session, while spot silver was trading at $59.450, up 2.39%... Kitco NewsWire |
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Has Gold’s Bear Market Run Its Course? |
| Gold has come a long way since notching an all-time high of near US$5,600 per ounce on Jan 29. As at Jul 30, the metal has shed roughly 28 per cent of its value from that peak, trading around US$4,040 per ounce and finding a floor at the closely watched US$4,000 psychological support level... Lim Jun Kit |
I’m out of the country, vacationing in Italy and watching Gold & Silver move higher. The last time I vacationed outside the U.S., I was in India, and the Gold price reached a high of $5,580 per ounce while Silver reached $120 per ounce. I’m not looking for those levels, but I believe Gold and Silver will move higher in August and throughout the rest of the year.
Last week was extraordinary, with Gold increasing $300 per ounce (7.4%) and closing at $4,348 on Friday, August 7, 2026. I think this is the start of Gold’s move to $4,500 per ounce within the next month and reaching $5,000 before year-end. I would like to see this Gold rally move slowly to firm up price levels, but the direction now is firmly higher.
What’s driving the current Gold rally:
- Massive central bank buying in the world’s largest Gold markets.
- A weaker U.S. Dollar.
- China continuing to move world commerce from the Dollar to the Yuan.
- The U.S. national debt is growing at an unprecedented pace.
- A drop in the oil price.
- Higher U.S. unemployment numbers reported last Friday.
- The possibility that U.S. interest rates will not be increased at the September meeting.
- Many of the world’s largest commodity traders now believe Gold is bullish.
The major negative for any Gold rally is the Iran War and the failure to reach a settlement.
Key Economic data to watch this week:
- August 11th, Tuesday: July Existing Home Sales
- August 12th, Wednesday: July Consumer Price Index (CPI)
- August 13th, Thursday: August Weekly Jobless Claims; July Producer Price Index (PPI)
- August 14th, Friday: July Retail Sales
Today: In overseas trading last night, Gold started trading at $4,335 per ounce in China and India. In London, the Gold price started moving higher, reaching a high of $4,362 per ounce before seeing some selling. If Gold stays above $4,300 per ounce for a short period, it would be a strong sign.
Last week was incredible for Silver investors, with the price increasing $6.03 per ounce (10.4%). Silver closed last Friday at $63.60 per ounce on excellent volume. Silver moved above the $60 resistance level last Tuesday. Then demand and trading volume increased, and Silver reached a high of $65.30 before ending the week at $63.60 per ounce.
Today: During overseas trading last night, Silver traded in the mid-$63 range in China and India. Like Gold, Silver started rallying above $64 per ounce in London. If the Silver price can remain in the $63/$64 range for a short period, it would be very supportive and help build a firm base for the next move higher.
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Recommended Investment
Commitment and Diversification
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Minimum of 30-40% of your available investment capital
Diversification includes 30% in long term investment quality rare coins
and 70% short term bullion products, divided into
55% Gold, 40% Silver, and 5% Platinum & Palladium
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REMEMBER MY DAILY BLOG
If you want to get the update on what’s happening in the Gold, Silver, and rare coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com
Barry Stuppler has been a professional numismatist for over 60 years and is considered one the nation’s foremost experts in rare coins and precious metals. Mr. Stuppler is a past President of the American Numismatic Association (ANA) and Professional Numismatists Guild (PNG). He is currently chairman of the Federal and California State Gold & Silver Political Action Committees, and president of the
Anti-Counterfeiting Educational Foundation. Barry Stuppler, the original founder of MintStateGold.com, is proud to say he has helped over 25,000 rare coin and precious metal investors and collectors to build their collections and holdings. For more information about Barry click here.
All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of 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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