Gold & Silver Continue To Consolidate In A Tight Trading Range

Current Rare Coin Listings Updated

CLICK HERE for NEW Morgan Silver Dollars

CLICK HERE for NEW Peace Silver Dollars

CLICK HERE for NEW $20 Gold Saint Gaudens

Links to recent informative articles on precious metals and rare coins

This Week’s Headlines:

Gold
Silver
April 2019 CoinStats Is Now Available
Recommended Investment Commitment And Diversification

While two weeks ago the Gold price closed between $1,289 and $1,290.40, only a $1.40 range, the closing range last week was over $20 per ounce. Last week, Gold reached a high of $1,310 and a low of $1,286 per ounce, closing last Friday at $1,290.20 per ounce, down $0.40 for the week. Gold continues to be locked into the $1,280 to $1,320 trading range.

There appears to be a tug-of-war going on between Central Bank Gold buying, when Gold trades under $1,300 per ounce, and short-selling by professional traders when Gold is above $1,310 per ounce. When Gold trades near the lower end of the trading range, central banks are buying physical Gold while the price is being helped by professional traders covering their short-sales at a nice profit. I still believe we will see Gold move back above the $1,300 per ounce resistance level, and stay there, before the end of April.

Today: Gold tested support this morning, reaching a low of $1,281 before major buying appeared. This morning secretary Mnuchin said U.S/China trade talks are in final stages, giving some support to the U.S. Dollar.

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Last week, Silver, like Gold, had a highly volatile week with a $0.47 high/low trading range. Silver reached a low of $14.80 and a high of $15.17 per ounce, with high trading volume. It continues to be frustrating to watch Silver stay in the current price range while the Silver to Gold ratio increases to 86.50-to-1. Silver needs to move above the $15.50 per ounce level for a few days before professional commodity traders will stop their bearing strategy of short-selling Silver on rallies and covering near the $14.80 lows.

Today: Silver tested support this morning, reaching a low of $14.80 per ounce before finding major buyers and short-covering.

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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. Six different series are 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 the 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.

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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.

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