Good Tariff News From Argentina Helps Gold And Silver Prices
Current Rare Coin Listings Updated
Current listings for Morgan Dollars
Current listings for Peace Dollars
Current listings for $20 Gold Saints
Links to recent informative articles on precious metals and rare coins:
Last week, Gold traded between $1,220 and $1,230 for most of the week as financial markets were waiting for news from the Federal Reserve about the pending Chinese trade tariffs. On Wednesday, Federal Reserve Chairman Powell surprised the market with two dovish statements. He stated that interest rates are "just below" levels where they won't stimulate the economy, and that interest rates are not on a pre-set path of increasing three to four times next year as projected in the past. Both of these statements drove the equity, bond, and precious metal markets higher. Interest rates dropped and the U.S. Dollar held at recent highs.
The larger concerns of the financial markets on Friday were what would happen in Buenos Aires at last weekend's G20 meetings, especially the meeting about upcoming trade tariffs between Trump and Chinese President Xi. It was reported on Saturday the President will wait 90 days before imposing the 25% tariffs to allow negotiations. Trump said their dinner after the G20 summit in Buenos Aires "was an amazing and productive meeting with unlimited possibilities for both the United States and China".
Last Friday, Gold closed at $1,221 per ounce, unchanged for the week.
Today: The markets are reacting to the positive Chinese tariff news and Gold is up $12 per ounce (1%), trading at $1,233. The DJIA is up 200 points, and interest rates and the U.S. Dollar Index are lower.
Silver closed at $14.17 last Friday, down $0.05 per ounce for the week. Last week, Silver was stuck in a narrow trading range like Gold. Silver traded between $14.05 and $14.30 per ounce for most of the week, waiting for a direction. Presently, the Silver-to-Gold ratio has dropped to an amazing 86.23-to-1 level.
Today: On the same news from Argentina, Silver quickly moved above the key $14.50 per ounce resistance level, then settled back to trade in the $14.40 to $14.48 range. $14.50 is an important level for Silver to trade and stay above.
We are proud to let you know that we have upgraded our website at www.MintStateGold.com! The new Mint State Gold is going to continue to offer more and more features over the next several months, but we are happy to provide you a variety of new features today. Some of these already added features include improved mobile access, easier pricing updates, a much easier 2 step checkout, a brand new preview coin image flipper, a new logo, and many other additional features! We hope you enjoy this new site and we look forward to offering you even more cool features in the not too distant future as we continue to improve the new website!
As 2019 is just around the corner, we want to make sure all our clients can pre-order their 2019 Gold Eagles, Silver Eagles, and Gold Buffalos at these fantastic 2018 prices! For this reason, we are currently in the process of listing all of these beautiful coins on our website ungraded as well as graded by PCGS/NGC. An email will be sent shortly with everything to pre-purchase, but if you have any questions or specific label requests please feel free to contact us toll free at 888-454-0444 or email [email protected] / [email protected]. Thank you.
Precious Metal commitment: Minimum of 40% of investment capital
Diversification: Gold 60%, Silver 30%, Platinum & Palladium 10%
Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.
REMEMBER THE BLOG
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.