Gold & Silver Staying On The Bullish Track To 2020 Highs

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

	Europe Has Been Preparing A Global Gold Standard Since The 1970s
	Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies. . . . Jan Nieuwenhuijs
	“World Gold Price” Hits A New Record High
	The “world gold price” – that is (in our definition) the price of gold in basically all currencies excluding the US dollar. . . .Deguss Market Report
	The Best And Worst Commodities In 2020
	Every year around this time, we check in with raw materials for our popular commodities halftime. . . .Frank Holmes
	Doomsday Hedge Fund Sees Gold Topping $3,000 an Ounce
	A hedge fund manager who returned 47% this year by betting on gold and Treasuries says the next decade is. . . . Eddie van der Walt & Nishant Kumar of Bloomberg News
	Why Silver Will Outperform Gold Over The Coming Year
	Gold is more money-like and silver is more commodity-like. Consequently, the relationships that we. . . .Steve Saville
	10 Economists & Gold Professionals 2020 Predictions
	1. Peter Schiff: As President & Chief Global Strategist of Euro Pacific Capital, Schiff correctly called the current bear market before. . . .
	Federal Reserve's $3 Trillion Virus Rescue Inflates Market Bubbles
	The Federal Reserve’s $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak. . . .Kate Duguid - Reuters

The most actively traded CME Gold contract is August 2020. The August 2020 COMEX Gold contract crossed the important $1,800 resistance level on July 7th. Since that date, Gold has closed above $1,800 per ounce every day, reaching a July 2020 high of $1,829. Demand continues to be strong around the globe on news of worsening pandemic statistics and increasing tensions between the U.S. and China. Last Friday, Gold closed at $1,809 per ounce, up $7 for the week, building a firm base for the next leg higher.

Congress is debating numerous coronavirus stimulus legislations and should have a decision by month's end. These legislations provide financial aid for businesses, state/local governments, hospitals, schools, police/fire departments, and the unemployed. Plus, lots of discussion about the size and who qualifies for a payroll tax cut. After the Democrats and Republicans fight it out as to who needs help more and at what level they qualify, there will be 2-3 trillion dollars provided. This is on top of the estimated $8 trillion that has been provided by Congress and the Federal Reserve to date. I think that answers the question as to why people are running to buy Gold.

Many of the world’s leading economists and precious metal experts believe the value of Gold is going higher. These experts are looking at many global facts, reports, and historic trends to make their Gold predictions. They disagree on timing and the ultimate highest price, but it ranges from $2,000 to $10,000 per ounce. See the opinions of those experts at “10 Economists & Gold Professionals 2020 Predictions”

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.

In 2014, when I was walking the halls of Congress with our industry Lobbyist, Jimmy Hayes, we met Congressman John Lewis. Congressman Lewis knew Jimmy from Jimmy’s days as a Louisiana Congressman and stopped him to ask what we were doing. Jimmy explained that we were looking for support for our Collectible Coin Protection Legislation. The act helped combat the Chinese counterfeiting of numismatic items and grading-service slabs. With the help of Congressman Lewis and Henry Waxman, we were able to get passage of the law in 2014. The numismatic community should mourn the loss of a John Lewis.

Silver had a good week hitting a new 2020 high of $19.70 before closing the week at $19.37 per ounce, up $0.59 on good volume. Silver moved over $19 per ounce last Monday and stayed there all week. The Silver price is now consolidating its recent gains, while building a firm base over $19. As long as the Gold price stays above $1,800, on the way to $1,900, the Silver price will stay strong. The Silver price has been more explosive than Gold recently, reaching $20 this week, but Gold needs to help Silver by providing price support. Silver continues to be on track to move over $21 per ounce before year-end. The Silver-to-Gold ratio has dropped to 91.58-to-1.

Today: Silver reached a high of $19.93 in early Asian and European morning trading. After a short term of catching up with orders, the world mints are reporting increasing demand for popular Silver investment items. Many mints are saying that they are working 24/7 but their backlogs are growing on many Gold/Silver bullion items.

Since all the major rare coin conventions have been cancelled or postponed due to the coronavirus pandemic, it is difficult to get a read on the strength of the collector demand. However, between numismatic auctions and websites, the demand we are seeing is unusually strong. You would think with high unemployment and companies closing left and right that demand would be weak, but you’d be wrong.

Demand for Gold/Silver bullion coins is excellent because of concerns over the devaluation of world currencies. However, the collector demand for PCGS/NGC Certified rare coins ranging from $300 to $50,000 has been extraordinary. Prices are moving higher, as the availability of graded coins is getting harder and harder to find. Normally, the summer months would slow down collector demand, but with the pandemic, collectors are home, on their computers buying.

Thank you Barry + David StupplerMintStateGold.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.