Gold & Silver Testing Support Levels–APRIL COINSTATS AVAILABLE

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	Gold Pauses Above $1700 But Bullish Outlook Remains
	Following the dash-for-cash sell off last month gold has rallied strongly to a seven-year high above $1700/oz. Despite the need. . . .Ole Hansen-Saxon Bank
	Could Silver Soon See Its Day in The Sun?
	Over the past few weeks and months, there have been seismic changes in the way people are thinking of markets . . . .Darryl Schoon
	COVID-19 Risks Shut Down U.S. Mint Gold Silver Bullion Production At West Point
	The physical gold market has been dealing with significant supply issues and the crunch is going to get bigger. . . .Neils Christensen
	Silver Price Lags Gold Superb Performance Ahead of Earnings
	Silver price rose slightly today as investors continued to wait for bank earnings. The earnings will start today. . . .Crispus Nyaga
	Will Platinum Outperform Gold?
	The price of gold is flying high as the coronavirus pandemic threatens to plunge the world into an economic. . . .Luke Burgess
	Gold Could Be At $20,000 in 2-5 Years Says Pierre Lassonde – An Analysis
	Pierre Lassonde is one of the doyens of the gold mining sector – and an eternal optimist on the future. . . .Lawrence Williams

Last week was a base building week for Gold, with the Gold price testing the important $1,700 per ounce support level. During last week, Gold had a $100 high/low range, trading between $1,680 and $1,780 per ounce, on excellent trading volume. Gold ended the week at $1,690 per ounce, down $25 for the week, but still up $100 for the month of April. It would be healthy for the Gold price to build a base above the $1,700 support level this week.

On Gold’s journey to the $2,000 level this year, we will have a few breakouts, followed by testing the previous support level and then consolidation. Sometime these various phases of the move happen quickly. An Inter-Day Reversal is a perfect example. This is when the Gold market opens in an unchanged range, then makes a new recent low, and closes on the highs of the day with heavy trading volume. An Inter-Day Reversal is normally a sign that the price is about to breakout to a new high.

Today: As Congress finalizes the next coronavirus stimulus legislation of approximately $500 Billion, the Gold price is firming above $1,700 per ounce. After reaching a low of $1,675 in Asian and European trading,

Gold has moved back above the $1,700 level.

Silver, like Gold, had a large trading range of over $1.00 per ounce last week. It hit a high of $16.25 and a low of $15.20 per ounce, ending the week at $15.23, down $0.33 for the week, but up $1.15 for the month of April. With Gold trading in the $1,700 neighborhood, I expect to see Silver stay above the $15.00 level.

Many popular physical Silver investment products are in short supply, as many of the world’s largest mints and mines are closed. Both the Canadian and U.S. West Point mint announced they were closed. Premiums on 1 ounce .999 Silver Eagles, Maple Leafs, Trade Units, as well as junk 90% U.S. Silver coins, have increased but are still available.

Today: Silver opened lower, reaching $15.20 per ounce before rallying with Gold. Bargain buying came into the Silver market as we rolled into the U.S. and the price quickly rallied $0.20 per ounce.

I’m proud to offer the April 2020 version of CoinStats, which has been updated with plus grades and other new features. CoinStats for April 2020 offers six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

One of the new changes in the 2020 version of CoinStats is all the populations and prices are from PCGS; we have deleted NGC populations. The reason for this change is over 80% of my clients only purchase PCGS coins, so I wanted to focus on PCGS data only. A new addition is information in increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page.

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. I would appreciate your input on the changes in CoinStats. 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 receive.