GOLD & SILVER BOUNCE BACK AFTER HIGHER INTEREST RATE

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	Goldman Sachs kept its end-2027 gold forecast at $5,400 an ounce despite this week's Fed hike, saying tighter policy will slow the rally but not derail it. Gold ticked above $4,355 on Friday on a softer dollar and lower oil prices... Eamonn Sheridan
	Gold Is The ‘Truth Teller’ As U.S. Debt Spirals; Buy Gold With Your $5,000 Check
	The Federal Reserve’s commitment to bring inflation down to its 2% target is creating some much-needed confidence in the long end of the yield curve as 10-year bond yields fall back below 5.00%; however, according to one fund manager, gold remains the ultimate safe-haven insurance play... Neils Christensen
	Gold Is The 'North Star' In A World Drowning In Debt
	The Gold market is starting the new trading week at a one-month low with prices dropping below $4,300 an ounce and the precious metal faces further downside risks as the Federal Reserve rate hike this week, but according to one fund manager, investors focused on the next 25-basis-point move are missing the much bigger picture... Neils Christensen
	Gold Price Fall Nearly 2% As Oil Surge And Near-5% Treasury Yields Bolster Fed Rate-Hike Expectations
	Spot Gold and Silver prices are seeing significant selling pressure Monday morning as rising bond yields and surging energy prices strengthen expectations that the Federal Reserve will raise interest rates this week, overwhelming safe-haven demand generated by escalating geopolitical uncertainty in the Middle East... Kitco NewsWire
	Investors Pour $18 Billion Into Gold ETFs In August As Sovereign Debt Concerns Grow - WGC report
	Despite renewed threats of an imminent rate hike in September, gold’s price action during August shows just how much potential the precious metal has as a hedge against the unsustainable rise in global sovereign debt... Neils Christensen
	Silver Extends Upswing As Softer Dollar Supports Bulls
	Silver prices (XAG/USD) continue to advance on Thursday, building on the prior session’s recovery... Brian McColl

On Wednesday, Federal Reserve Chairman Kevin Walsh announced that the Fed was increasing interest rates by ¼ percent, and markets became active. The stock market fell 600 points, the U.S. Dollar rallied above 100.00, and the oil and precious metals markets dropped sharply lower. By the end of Wednesday’s trading day, Gold had dropped over $100 to $4,256 per ounce.

Last Thursday morning, in overseas trading, the Gold price was trading in a narrow range until the London market opened. Many major central banks trade on the London exchange, and they did last Thursday. Major amounts of Gold (tons) were aggressively purchased, and the price of Gold rallied off the lows and increased by over $100 per ounce.

Investors and many of the largest central banks realized that the Federal Reserve can raise interest rates, but it cannot fix the U.S. national debt problem. Higher interest rates only make that problem worse. Higher interest rates may slow inflation, but they also increase the cost of servicing more than $40 trillion in government debt.

The government is spending over $1 trillion annually just on interest payments.

Increasing interest rates will just drive our national debt higher, faster.

This is why the traditional argument that higher interest rates are bad for Gold is false.

Our Federal Reserve is fighting inflation. The world bond markets are concerned with increasing debt as governments continue spending. Central banks continue diversifying their reserves into Gold, and geopolitical uncertainty isn’t going away.

Last Friday, Gold closed at $4,377 per ounce, up $7 for the week.

Key Economic data to watch this week:

• September 21st, Monday:
• September 22nd, Tuesday:
• September 23rd, Wednesday: September Manufacturing PMI
• September 24th, Thursday: Weekly Jobless Claims, August New Home Sales
• September 25th, Friday: August Durable Goods

Today: Last night in overseas trading, Gold traded between $4,322 and $4,384 as the Gold market builds excellent price support after last week’s high volatility. Both oil and the U.S. Dollar came down from last week’s highs.

The Silver market had a very volatile week, with the Silver price ranging from a low of $61.91 to a high of $67.30 per ounce. We are seeing increased physical demand for Silver investment products and futures contracts in China and London. Last Friday, Silver increased $3.95 per ounce for the week, closing at $66.45 on excellent trading volume.

Today: Silver briefly moved above $67 per ounce in Chinese trading, but for most of the overseas trading session, Silver traded in the mid-$66 per ounce range.

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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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