Gold & Silver bottomed out & started the bullish rally

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Gold: The Double Bottom Turns The Outlook Positive
	Gold Spot we wrote: Gold collapsed straight to very important strong support at1685/75 & bottomed exactly here . . . . Jason Sen
	Congressman Mooney Introduces Bill To End Federal Taxes On Gold And Silver
	U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion . . . . JP Cortez
	Ron Paul On Gold Confiscation And Abolishing The Fed
	The best way to protect against economic turbulence is with hard assets like precious metals and real estate, but even these are under threat from the government. . . . Kitco News
	Russia’s National Wealth Fund Gets Greenlight For Gold Investments As Moscow Pursues De-Dollarization Policy
	Russia’s Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part of the funds into precious metals. . . . RT

Last week, Gold fell $49 per ounce on Monday and Tuesday, reaching a low of $1,674 per ounce. Then, on Wednesday and Thursday (the markets were closed Friday for the Good Friday Holiday), Gold roared back up $58, reaching a high of $1,732. Market analysts believe what the Gold price just experienced was a double bottom, because Gold also reached a low of $1,673 on March 8th and also quickly rallied back above $1,730 in a few days. A Double Bottom is a major bullish sign of a reversal in Gold’s recent direction, and we should see the price continue to consolidate between $1,710-$1,735 before starting its move to break above $1,750 by mid-April. Gold closed on Thursday at $1,728.40 per ounce, down $3.90 for the week.

Last week, the 10-Year Treasury rate ranged from 1.67% to 1.75%, and the U.S. Dollar Index ranged from 92.75 to 93.38, both indicators have been volatile. If these indicators can show some stability, it would be bullish for precious metal prices.

We are seeing substantial increases in Gold demand in European and Asian countries. This is due to a stronger U.S. Dollar which is a great benefit for Asian and European buyers, as they are able to purchase Gold, in their currency, at a bargain price. That demand is keeping premiums high on many of the popular newly minted bullion coins, while many of the larger world mints continue to be back ordered with delayed deliveries.

Today: Last night in Asian and early European trading Gold tested support at the $1,720 per ounce level. As the markets rolled into the U.S. Gold found fresh buying and reached a high of $1,734. A slight sell-off in the U.S. Dollar Index is definitely helping Gold demand.

Last week, Silver followed Gold lower, and in early Asian trading Wednesday morning, Silver reached a 2021 low of $23.74 per ounce. Later in that day, Silver rallied back, closing Wednesday at $24.53 and continued the rally on Thursday. Silver closed Thursday at $24.94 per ounce, down $0.17 for the week. The Silver-to-Gold ratio has moved up to 69.28-to-1.

Today: Silver also tested support last night and reached a low of $24.58 per ounce before finding buyers. In U.S. trading Silver has been trading above and below the key $25 per ounce level.

I’m proud to offer the April 2021 version of CoinStats, which has been updated with plus grades and other features. CoinStats for April 2021 offers six different series: $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 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.

The April 2021 version of CoinStats has all the populations and prices from PCGS. NGC populations and registry information has been omitted. The reason for this change is that 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.