Silver & Platinum Leading The Precious Metal Markets

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	Bullion Coin Demand 'Off The Charts,' Why Isn't Gold Price?
	The precious metals market is seeing incredible demand for bullion coins, yet gold prices are stalling. . . .Anna Golubova - Kitco News
	Global Silver Demand Forecasted To Rise 11% In 2021 Reaching 1.025 Billion Ounces
	Against an improving macroeconomic backdrop, the main segments of silver demand are expected to rise this year. . . . .Silver Institute
	India's January Gold Imports Surge 72% y/y To 62 Tonnes
	India’s gold imports in January surged 72% from a year earlier. . . .Reuters
	Platinum Hits 6-Year Peak; Gold Gains As Dollar Stumbles
	Platinum prices rallied to their highest in six years on Wednesday as economic recovery hopes boosted. . . . Nakul Iyer
	Gold Holds Two-Day Advance With Stimulus And Inflation In Focus
	Gold was steady after the biggest two-day gain in a month as investors weighed prospects. . . .Ranjeetha Pakiam - Bloomberg News
	Gold Could Offer A Way Out Of Switzerland's Failing Inflationist Experiment
	How could Switzerland as a nation repent for its recent past and open a brighter chapter in its history as a haven for monetary freedom. . . .Brendan Brown

Even though Gold ended last week up $10 per ounce, closing at $1,821.50 per ounce, it was a disappointing week for Gold. Gold reached the important $1,850 level last Tuesday and Wednesday but couldn’t breakthrough. Since the Dollar Index stayed in a tight range, the focus last week was on the impeachment trial and Bitcoin setting new highs. However, Platinum had its best week in years, closing at $1,260 up 10% in just a week.

As for good news after Elon Musk of Tesla Inc. bought $1.5 billion of Bitcoin, he clearly stated that Tesla’s revised policies also permit him to invest in Gold. Also, now with the impeachment trial behind us, the Biden administration will give its highest priority to the $1.9 trillion COVID-19 relief legislation. Demand for the popular Gold bullion and bullion plus coins remains strong and premiums reflect that. However, with the recent increase in premium on modern bullion coins, the Pre-1933 bullion plus European coins provide a better value. I still believe that the current price for Gold represents an excellent opportunity to add to your holdings.

Today: A strong U.S. Dollar Index, helped by an increase in 10-year Treasuries caused Gold to break down below the key $1,800 level in early European trading. Gold reached a low of $1,788 per ounce before finding support. As the market rolled into the U.S., Gold rallied back above $1,800 on fresh buying. The $1,800 long-term support price is an important level for Gold and this was the second attempt to break it.

Silver lost a little of its spotlight to Platinum last week, but Silver continues to show excellent price support and increasing demand. Silver is showing excellent consolidation, closing over $27 per ounce all five trading days last week, ending last Friday at $27.32 per ounce, up $0.31 for the week.

The huge demand for popular Silver investment products continues to cause tremendous shortages across the industry. This shortage combined with many of the major world mints being backlogged has driven up premiums on many Silver-based coins and bars. Silver also reached a Silver-to-Gold ratio of 66.72-to-1, the lowest level since July of 2016.

Today: The Silver price did briefly break the $27 level this morning following Gold’s break below $1800. Silver quickly found bargain buying and rallied back $0.50 per ounce. Considering the recent weakness in the Gold price, Silver is showing excellent price support.

Recent major auctions are showing increasing demand for high-grade PCGS/NGC U.S. Silver and Gold Pre-1933 rare coins. Little to none of premium numismatic coins are available, while new collectors and dealers are becoming more aggressive buyers. That is a formula for higher prices very soon on many of the popular series (i.e., Morgan & Peace Dollars and U.S. Gold $5 to $20 liberties, Indians and Saint Gaudens). I believe we are easily six months into a numismatic bull market, which normally lasts 2-3 years, as it rotates from one series to another.