Gold & Silver Test Support While Trading At Bargain Prices - Coinstats

	ACT NOW! Support Coin Legislation H.R. 3757
	Coin collectors and the general public soon might be able to purchase 2021-CC Morgan and Peace . . . . American Numismatic Association (Read More)
	Silver Glitters In India As Record Prices Dull Gold’s Luster
	Silver is outshining gold in India. Imports of the poor man’s gold jumped 72% from a from a year earlier to . . . . Swansy Afonso (Read More)
	The Outlook For Gold As Fed Rates Fall
	The US Federal Reserve has cut rates twice in recent months and the market expects more of the . . . . Harry Tchilinguirian (Read More)
	Market May Be Expecting More Rate Cuts Than The Fed Will Deliver FOMC Meeting Minutes Show
	Some Federal Reserve policymakers expressed concern at their most recent meeting that . . . . Jeff Cox (Read More)
	How A Small Move In Gold Could Send Silver Up 25%
	Investor sentiment has strengthened noticeably towards silver, wrote the Silver Institute in a study published . . . . Michael McCrae (Read More)
	Don’t Stop Me Now: Central Bank Demand In August
	Today we have published our latest central bank data for August. As usual, I’ll be summarising the key . . . . Krishan Gopaul (Read More)
	4 Reasons More Gains Are On The Horizon For Gold & Silver
	Starting and June and through the beginning of September, gold and silver prices were back in bullish . . . . Andy Hecht (Read More)

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CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

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Gold declined $24 per ounce last Thursday and Friday, while the Dow Jones was up 343 points for the week. Why? Primarily, due to the optimism over progress between the U.S. & Chinese on trade talks. It was reported that China had agreed to buy more than double its annual purchases of U.S. agricultural products to as much as $50 billion, while the U.S. President agreed to hold off on another round of tariff increases set for this week.

Gold was also negatively affected by improving negotiations between the European Union and British officials which resulted in a stronger Euro. There was some positive news coming from the fact that the Chinese and Russia have already purchased over 250 tonnes of Gold this year and are on a record buying pace. Plus, minutes from the recent FOMC Meeting were released showing a high likelihood that there will be more drops in interest rates.

Gold reached a low of $1,472 on Friday before rallying back and closing at $1,482 per ounce, down $24 for the week. October is normally an excellent month for Gold, and I expect to see Gold move back over the key $1,500 per ounce level this coming week. The impeachment issue continues to dominate the news, but I don’t expect it to affect precious metal prices until it comes to a conclusion.

Today: This morning Gold moved up $10 per ounce on statements from Chinese representatives that did confirm that the reported agreement between China and the U.S. President may not have been accurate.

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For the last eight trading days, Silver closed at or above $17.50 per ounce on moderate trading volume. Last Friday, Silver reached a low of $17.29 per ounce before quickly rallying back to close at $17.50. Last week’s strength in the Silver price, in the face of a weaker Gold price, has taken the Silver-to-Gold ratio to 84.86-to-1. I continue to believe that Silver is building a base for its next move to the key $18 resistance level later this month.

Today: Silver rallied with Gold on the concerns over any trade agreement seeming less solid. Bloomberg is reporting that China wants to hold more talks in October to finalize the details.

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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 October 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.

CoinStats changes coming in 2020

I have been waiting for many years for the populations of the plus grades to reflect an accurate price premium. So, I will be adding plus grades to the six popular Gold and Silver U.S. coin series effective January of 2020. Also, since over 95% of our clients prefer PCGS graded coins for these six series, I will be focusing the CoinStats statistical analysis on PCGS graded coins only. I look forward to hearing feedback from our clients on these changes.

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Coin collectors and the general public soon might be able to purchase 2021-CC Morgan and Peace Silver dollars that millions of Silver Dollar collectors are looking forward to, but we need your help! Contact your representative by November 30th and let him or her know that you'd like them to support H.R. 3757!

The American Numismatic Association (ANA) can help you identify and reach your senator and congressperson at the following link.

https://numismatic.lpages.co/coin-legislation/

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If you want to be updated on what is happening in the Gold, Silver, and Rare Coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com

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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