Gold & Silver Moved Higher On Iranian War Progress

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Bank Of America Stands Firm On 12-Month $6,000 Gold
	Gold has been pulled in two directions in recent weeks... Pheonix Refining
	Judy Shelton: Good As Gold?
	Judy Shelton has earned media attention for her criticisms of Federal Reserve policy... Jeffrey Rogers Hummel
	Only 17% of Fort Knox Gold Meets Modern Purity For International Settlements
	A staggering 83% of the gold bars stored at Fort Knox fail to meet modern international purity standards, rendering much of the US’s reported 8,133.5 metric tons of gold reserves... Johnathan Wall

Gold closed last Friday at $4,720 per ounce, up $105 for the week. During the week, Gold reached a low of $4,500 on Monday, before the optimism of a possible Iran-U.S. Peace agreement drove the price high by Friday.

Last Friday, the Bureau of Labor Statistics showed that April’s U.S. employment increased more than expected while the unemployment rate held steady at 4.3%. Nonfarm payrolls rose by 115,000 for the month, down from the 185,000 created in an unusually strong March, but better than the 55,000 forecast in the Dow Jones consensus estimate.

Many professional commodity traders believe Gold and Silver, at current price levels, are a bargain, because of the long-term effects of the U.S. inflation, an increase in U.S. debt, plus the decline of the U.S. Dollar value as a result of the Iranian conflict.

Over the weekend, the Iranians responded back to President Trump’s peace plan, and that response wasn’t positive. President Trump called the Iranian reply “totally unacceptable”. With Trump’s trip to China scheduled for this coming Wednesday, the question is whether the U.S. and Israel will start military attacks again.

Key Economic data to watch this week:

• May 11th, Monday: April Existing Home Sales
• May 12th, Tuesday: April Consumer Price Index
• May 13th, Wednesday: April Producer Price Index (PPI)
• May 14th, Thursday: April U.S. Retail Sales
• May 15th, Friday: April Industrial Production

Today: This morning, in early overseas trading in Hong Kong, China, the price of Gold started at $4,690 per ounce. Chinese trading continued last night, with Gold moving over $4,700 even after Trump’s comment that the Iranian reply was “Totally unacceptable”. As trading moved into India and London, the Gold price dropped to $4,650 per ounce. Then, when the U.S. opened, Gold rallied to $4,748 per ounce on the report that existing home sales for April increased 0.2%. The projection on existing home sales was that it would drop.

Last week was a great week for Silver investors. Silver moved over $80 per ounce by Friday, closing at $80.27 per ounce, up $4.80 for the week. Silver showed a lot more demand and price appreciation than Gold last week. Gold was up $105 (2.2%) last week, while Silver was up $4.80 (6.4%).

Today: This morning, Silver started lower in China, breaking below $79, then found serious buying, taking the price to a high of $81.75 per ounce. As trading moved into India, London, Silver stayed above $80, but in the U.S. soared to over $86 on sizeable fresh buying.

REMEMBER MY DAILY BLOG

If you want to get the update on what’s happening in the Gold, Silver, and rare coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com

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.

Stuppler & Company, Inc. 5855 Topanga Canyon Blvd. Suite 410, Woodland Hills, CA 91367
888-454-0444 - [email protected].