Gold & Silver Bottomed Out Last Week And Now On The Bullish Road
Current Rare Coin Listings Updated
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Links to recent informative articles on precious metals and rare coins
Gold
Silver
April 2019 CoinStats Is Now Available
2019 Proof Gold Buffalo Coming Soon
Recommended Investment Commitment And Diversification
All five business days last week, Gold closed between $1,289 and $1,290.40, only a $1.40 range from the week’s closing high to low. In my 50 plus years of monitoring the Gold price, I have never seen Gold close in that tight of a range for a full week. During the same period Gold traded between a low of $1,280 and a high of $1,295 per ounce. Gold ended the week at $1,291, down $2 per ounce. I would say that a $2 decline is positive considering the U.S. Dollar Index ended the week over 97, and interest rates ended the week 10 basis points higher.
During last week’s trading, there was a sizeable accumulation of physical Gold in many of the world commodity markets. The demand increased dramatically when the Gold price traded nearer the low end of the trading range. This is probably the best example of base building and consolidation I have seen in years. Historically, the first few weeks of April is a slow time for retail precious metal purchases, due to collection of U.S. and State income taxes. However, I believe we will see Gold move back above the $1,300 per ounce resistance level, and stay there, before the end of April.
I have included an interesting article on the effects of Basel III on the Gold price. It is well worth reading.Click here for the complete article.
Today: This morning, China reported it purchased 11.2 tonnes of Gold in March, marking the fourth straight month it has increased reserves. That news, and a lower U.S. Dollar, has caused Gold to reach a high of $1,303 per ounce in early trading. Gold is now trading above and below the important $1,300 level.
Silver had a week similar to Gold, with Silver closing in a very narrow price range. Silver closed last week between $15.02 and $15.06 per ounce for all five trading days. Silver did trade below the key $15 support level all five days, but by each day’s end, it moved back above that key level. I believe Silver has proven that it has built a base above the $15 level and should rally with Gold. The current Silver to Gold ratio is 85.88-to-1.
Today: Silver moved higher with Gold this morning, reaching a high of $15.28 per ounce on excellent trading volume.
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 April 2019 and is now available. There are six different series 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 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.
This year the U.S. Mint has set their sale of the 2019 Proof Gold Buffalo to start this Friday. Like in previous years, we plan to offer these coins for Pre-Sale with our EXCLUSIVE LOWEST PRICE GUARANTEE in PCGS/NGC Proof 70 Condition in First Strike, First Day of Issue, and Early Release Labels. Our Pre-Sale is expected to start on Monday (April 15th) or Tuesday (April 16th) once we confirm the availability of the coins with the U.S. Mint. We will also be offering this coin in its Original Government Packaging at the same price as the U.S. Mint. We will be emailing everyone once the Pre-Sale starts, but if you wish to follow them on our website as well please click the link below to be notified the minute these coins become available for sale.
2019 Proof Gold Buffalo Pre-Sale
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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.
