Gold closes 2017 at $1,306 per ounce up 13.50% for the year

Links to recent informative articles on

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

Gold breaks above $1,300/oz on way to best year since 2010

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This Week’s Headlines:

Gold
Rare Coin report
Silver
Recommended investment commitment and diversification

GOLD

What a great year-end rally for Gold! During December, Gold rallied from a 5-month low of $1,235 on Dec. 12 to close the year at $1,306.30 on Friday Dec. 29. During the last week of 2017, Gold rallied $29 per ounce, due to professional buying. Gold closed the year at $1,306.30 per ounce, up $156 (13.5%) since the beginning of 2017, and well above the key long-term support level of $1,300 per ounce.

After Gold reached an all-time high of $1,920.80 per ounce on Sept 6, 2011, Gold sold off dramatically, reaching a low of $1,040 on Dec. 3, 2015, an incredible 46% decline over 4 years. Gold started it’s rally back in 2016, ending the year at $1,150, up 8.46%, and up another 13.5% by year-end 2017, closing at $1,306.30 per ounce. During 2016-17 Gold has traded between $1,061 and $1,377 per ounce, an excellent consolidation period, building a base for the next leg up over $1,400 per ounce.

The combination of a 2-year bullish trend, a weaker U.S. Dollar, tensions over North Korea, the Russian scandal surrounding President Trump’s election campaign, and persistently low U.S. inflation will lead to much higher Gold/Silver prices in 2018.

Today: Gold is up for the 8th straight session in a row, holding above the $1300 level. Gold’s demand today is so strong that it was the highest activity in the futures market since September 20th.

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Rare Coin report

This week, I will be attending the January 2018 FUN Convention in Tampa, Florida. This is the first major rare coin convention of 2018 and I expect to see a very active trading bourse floor. With hundreds of the major rare coin dealers and thousands of collectors and investors, I’m hoping to pick up many of the undervalued $20 Gold Saints and Morgan Dollars, to build up our inventory and fill clients’ want lists.

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SILVER

Last Friday, Silver closed at $17.06, up $0.68 per ounce in just one week. Silver is now up $1.15 per ounce (7.2%) since the beginning of 2017. If Silver can stay above the $17 per ounce resistance level this week, that would be very bullish for the Silver price in 2018. Moving above $17 per ounce is very positive considering the recent December 12 one-year low of $15.58 per ounce.

The Gold/Silver ratio has decreased to 76.24-to-1.

Today: Silver is out pacing Gold today on gains, and the Silver market activity is also very strong. It’s fantastic to see Silver not only stay above the $17 level, but to continue to climb above it.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 55%, Silver 35%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

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precious metals and rare coins:

This Week’s Headlines:

Gold
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Platinum
Recommended Investment Commitment and Diversification

GOLD

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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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