Gold & Silver Moving Higher - July CoinStats Available

 

Stuppler & Company is proud to provide our clients this Weekly Market Report (WMR). The report gives you my overview of the prior week’s precious metal and rare coin market activity and news. In each WMR I share the current status of Gold and Silver along with their support and resistance levels.

 

Current Rare Coin Listings Updated

 

Click Here to see all our NEW Morgan Silver Dollars

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Morgan Silver Dollars

Click Here to see all our NEW Peace Silver Dollars

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Peace Silver Dollars

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$20 Gold Saint Gaudens

 


Recent Informative Articles On Gold & Silver

 

Ohio Becomes 41st State to End Sales Taxes on Gold & Silver
Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins . . . . Money Metals News Service
Growing Demand for Silver in Industrial Sector Creates New Opportunities for Investors
the precious metal has been enjoying a remarkable uptick since April 2020 and is still hovering near its 52-week high . . . . Rachael Green

Why Gold’s Long-Term Trend Is Still Up
Despite its disappointing performance in the past year, basic technical analysis shows that gold’s long-term trend is still up . . . . Jesse Colombo

The Renewable Energy Opportunity In Silver
Silver prices traded slightly lower in the first half of 2021, but silver can bounce back with assistance from the burgeoning renewable energy industry . . . . Tom Lydon

Union Gold? FBI Hunt for Civil War Treasure Detailed In Unsealed Affidavit
The affidavit confirms that the FBI 'determined there was a scientific basis to conclude there was nine tons of gold buried at that site . . . . Chris Dolmetsch

This Week's Headlines:

 

Gold

Silver

July 2021 CoinStats

Recommended Investment Commitment and Diversification

 

Gold

 

Last Friday, the Federal Reserve reported that the U.S non-farm payrolls increased 1%, up 850,000 new jobs in June 2021. This positive economic news helped create fresh demand for Gold, rallying the price up $9 to close the week at $1,783. That was up $5.50 for the week, but June was not a good month for Gold owners, as it dropped $125 for the month. However, July has been a better month for Gold owners. Gold was up $162 last year, during the month of July.

As I have said a few times, Gold needs to move back above the key $1,800 level to keep professional commodity traders believing Gold’s bullish long-term direction is much higher. In European trading last night, Gold moved above the $1,800 level, reaching $1,816 before seeing some light profit taking.

Today: As the U.S. Dollar lost value in overnight trading, reaching 92, the price of Gold kept on rallying, hitting a high of $1,816 per ounce. When the Dollar Index started rallying back, the price of Gold lost value, but held the $1,800 per ounce support level.

Silver

 

Silver has continued to show better demand and price support than Gold. Silver has firmly moved above the key $26 level, reaching a high of $26.88 per ounce in Asian and European trading last night. Being on the recent rally, I expect to see Silver test the $27 per ounce resistance level within the next week. Mints around the world continue to report shortages of physical Silver and are lowering or canceling mintages of popular Silver investment coins. The Silver-to-Gold ratio has raised to 67.34-to-1.

Today: As Gold was moving higher, Silver reached a high of $26.88 per ounce. Then when Gold sold off, Silver came down to find support in the $26.25 level.

July 2021 CoinStats

 

I’m proud to provide the July 2021 version of CoinStats free of charge for our clients. It has been updated with current prices and populations for regular and plus grades. Other features on CoinStats for July 2021 are 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 July 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 on increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page.

 

Recommended Investment
Commitment and Diversification

Minimum of 30-40% of your available investment capital

Diversification includes 30% in long term investment quality rare coins

and 70% short term bullion products, divided into

50% Gold, 45% Silver, and 5% Platinum & Palladium

 

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