Silver & Gold Are Building A New Base Above $15 And $1,300 Per Ounce

Current Rare Coin Listings Updated

Click Here to see all our NEW Morgan Silver Dollars

CLICK HERE for NEW
Morgan Silver Dollars

Click Here to see all our NEW Peace Silver Dollars

CLICK HERE for NEW
Peace Silver Dollars

Click Here to see all our NEW Morgan Silver Dollars

CLICK HERE for NEW
$20 Gold Saint Gaudens

Links to recent informative articles on precious metals and rare coins:

Sales Of Gold And Silver Should Not Be Taxed

WV Legislature Votes To End Sales Taxation On Gold & Silver

 

Global Central Banks Are Gobbling Up Gold

Sam Zell Buys Gold

 

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment And Diversification

 

GOLD

Last week Gold traded between $1,290 and $1,310 per ounce all five trading days. After the $60 correction that occurred the week before, this was a base building period. Gold could test $1,280 under the right circumstances, but I believe the worst of any correction this year is behind us. Gold closed at $1,301 on Friday, up $4 per ounce for the week.

I think we are overdue to see a break in the U.S. Dollar Index and interest rates. When that happens, it will signal a rally in the Gold price back to the $1,350 area. I still continue to believe that Gold will see $1,400 per ounce this year. That value will primarily be fueled by central bank buying, as they dump the Dollar to build up their nation’s Gold reserves.

Today: The Gold buyers are back. Fresh buying from Asia, Middle-East and Europe drove the Gold price to $1,306 this morning. A weaker U.S. Dollar (Index below 96) and a drop in interest rates are also bringing in Gold/Silver buyers in the U.S. commodity market.

Back to top of report

 

SILVER

Last week, after reaching a low of $15.07 per ounce, Silver stayed in a tight trading range above the important $15 per ounce support level. Silver closed last Friday at $15.25, down $0.03 per ounce. Silver is trying to build a base in a new trading range between $15.20 and $15.50 per ounce. The current Silver to Gold ratio is 85.02-to-1.

Today: Silver is following Gold higher this morning, reaching a high of $15.50 per ounce, before seeing selling.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Minimum of 40% of your available investment capital

Diversification includes 50% in long term investment quality rare coins

and 50% short term bullion products, divided into

60% Gold, 30% Silver, and 10% Platinum & Palladium

Back to top of report

 


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.

Back to top of report

Copyright © 2023 MINTSTATEGOLD.COM. All rights reserved.