Gold & Silver Trying To Build A Base Above $1,500 And $17.50

	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)
	UBS Doubles Down on Gold, Ups Its Forecast Again!
	The usually-conservative Swiss bank UBS has upped its forecast for the price of Gold for the second time in less . . . . Simon Constable (Read More)
	Gold Regains $1,500 – Where To Next?
	As we predicted in our most recent article published here on October 1st, after its recent sharp price fall . . . . Lawrence Williams (Read More)
	Gold Pares Gains After Decent Jobs Data, Still Set For Weekly Gain
	Gold steadied on Friday, paring earlier gains as bets the U.S. Federal Reserve would cut interest rates aggressively this . . . . Reuters (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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Last week, mixed economic indicators, a disappointing ISM U.S. Manufacturing Purchasing Managers’ Index and news that private sector employment increased by 135,000 jobs in September caused Gold to fluctuate from a low of $1,465 to a high of $1,519 per ounce. Gold closed the week at $1,506 per ounce, up $6 for the week.

On May 2nd Gold reached the 2019 low of $1,265 per ounce, and by Sept 4th, Gold rallied to reach the 2019 high of $1,566 per ounce. A $300 rally (23.72%) in only four months shows how explosive the Gold price can be. Since Sept 4th, Gold has seen profit taking, dropping to a low of $1,465 on Oct 1st. After reaching that low, Gold rallied back above the $1,500 resistance/support level on heavy buying the next day. The upcoming Chinese meetings on the trade war could give the Gold price a short-term price direction.

Today: Precious metal traders are looking forward to this Thursday/Friday meeting with the Chinese on trade talks for direction. Earlier today, Gold briefly traded below the key $1,500 level and as trading volume picked up the price has moved above and below the key $1,500 level.

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The last three trading days of last week, Silver closed above $17.50 per ounce on moderate
trading volume, down $0.04 per ounce. On Friday, the Silver-to-Gold ratio moved higher, reaching 85.84-to-1. Silver like Gold is waiting for indication during the upcoming Chinese trade talks of a short-term direction for prices. 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 reached $17.38 earlier this morning in light Asian trading before rallying back to the $17.50 level in European and U.S. trading. Right now, the Silver price is holding above the $17.50 level on moderate trading volume.

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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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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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