Gold & Silver Breakout To New Highs – July 2020 CoinStats Available

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	Metals Focus Predicts $20 Silver This Year
	Given its relatively poor performance vis-a-vis gold over the past couple of years, we had been a little. . . .Lawrence Williams
	COMEX New York Vaults Add 730 Tonnes Of Gold Since The End Of March
	Back in the last full trading week of March beginning Monday 23 March when bullion banks in London failed. . . .Ronan Manly
	Invesco's Jackson: Could Gold Reach $7,000?
	Is gold cheap or expensive? Its own history suggests the latter, but a return to some form of gold standard could imply a price above $7,000. . . . .Paul Jackson
	$3,000 Gold Price No Longer Target It’s Now $10,000 When Fed's Assets Collapse
	The Federal Reserve’s balance sheet is at risk of devaluation, and should the underlying assets fail, gold will respond by. . . . Kitco News
	This Could Be The "Perfect Storm" That Pushes Gold To A New Record High
	A “perfect storm” of surging government debt levels, plunging plunging real bond yields. . . .Frank Holmes, CEO and Chief Investment Officer - U.S. Global Investors

Last week was a good week for precious metal investors and the fifth consecutive week that Gold moved higher. Gold reached a new 8-Year high of $1,825 per ounce last Wednesday before closing the week at $1,801, up $12 for the week and up $282 (18.59%) for the year. Moving above the key $1,800 per ounce level is important for the Gold price, as now it should make $1,800 a support level. Gold should test $1,800 a number of times during the next few weeks, maybe hitting $1,780 once or twice, but with the support, it continues to show the price direction is higher.

U.S. Congress continues to negotiate over 3 potential COVID-19 aid packages. The first one deals with direct payment to low income individuals. The disagreement deals with where to set the barrier. The Senate wants to set the income level at $40,000 annual earning, while the House of Representatives believes it should be around $60,000. When they come to an agreement, the U.S. citizens will, for the most part, receive the money as a direct deposit into their bank accounts.

The second COVID-19 aid package helps the unemployed and companies looking to hire workers. The current unemployment CARES act, which provides an additional $600 per week, ends July 31st. Employers have complained that these payments keep people from wanting to go back to work, because they are receiving extra money. There needs to be a way for legislators to provide money to employers to encourage them to hire new workers.

The third potential aid packages are for states, cities, hospitals, police departments, and schools. They are running massive deficits fighting COVID-19 and trillions of dollars are needed to continue the fight against the results of the pandemic.

While the Federal Reserve has provided trillions of dollars to bail out the stock markets, it is time for Congress to provide trillions of dollars to bail out America. Hopefully, they will get the job done later this month before they go on summer break.

What Can Investors Do?
Investors should buy more Gold now, and that is what is happening around the globe. Demand for all types of precious metal investments is growing. There are many ways to invest in Gold and Silver. Mining stocks, jewelry, flatware, futures, options, ETFs...but for thousands of years, the most popular and most profitable way to own Gold/Silver is physical coins and bars. Coins provide instant liquidity and, if purchased from a creditable company, have minimal fees when buying or selling.

Today: Gold rallied this morning to $1,814 per ounce in Asian markets. As it rolled in the European market it tested the $1,800 support level and held. As Gold trading moved to the U.S. a lower than expected U.S. Producer Price Index and Dollar helped Gold move to $1,810 per ounce.

Silver rallied with Gold last week, reaching a new 2020 high of $19.37 per ounce last Thursday. This was Silver’s first move over $19 per ounce since September of 2019. Silver closed last Friday at $18.78 per ounce, up $0.71 on excellent trading volume. Silver is up $1.22 (6.86%) for 2020 and definitely on track to reach $21 per ounce before year-end. I believe we will see Silver establish a new base between $18.50 and $19.50 during July. I wouldn’t be surprised to see Silver test the $18 support level or briefly move above $20 (If Gold continues to rally). Remember, I expect to see trillions of dollars, euros, yen and yuan provided in COVID-19 stimulus aid to give us those serious inflation numbers later this year. The Silver-to-Gold ratio has reached 94.57-to-1.

Today: As the Gold price moved higher, Silver jumped above the important $19 per ounce resistance level and didn’t stop. Professional traders who shorted Silver at $19 ran for cover and the price reached a high of $19.40 before stopping. Hopefully, $19 will become the next support level, but with Silver's recent volatility, I believe it will break $19 at least briefly this week.

I’m proud to offer the July 2020 version of CoinStats, which has been updated with plus grades and other new features. CoinStats 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.

One of the new changes in the 2020 version of CoinStats is all the populations and prices are from PCGS; NGC populations have been omitted. 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.

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.

Thank you Barry + David Stuppler MintStateGold.com by Stuppler and Company [email protected] 1-888-454-0444
	Barry Stuppler Founder + President	David Stuppler Managing Director
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.