Gold & Silver hit long term support levels and started to rally

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

Central Banks Manipulating & Suppressing Gold Prices

China Leaving West Behind in Race for Electric-Car Raw Materials

Best Yet to Come for Silver In 2018

Gold: Soft Dollar Provides Tentative Bullish Signs for Metal

Economic Crisis Looming?

This Week’s Headlines:

Gold
Central banks manipulating & suppressing Gold prices
Silver
It’s IRA investing time, we offer Precious Metal IRAs
Recommended investment commitment and diversification

GOLD

Last week, precious metals were primarily reacting to events surrounding the White House. The firing of the U.S. Secretary of State, Rex Tillerson, on Tuesday, caused weakness in the equity markets and U.S. Dollar, but helped Gold rally. The appointment of Larry Kudlow as Chief Economic Advisor was positive for the equity markets and U.S. Dollar, and resulted in Gold falling off on Thursday.

Last week, Mueller’s subpoenaing of Trump’s business records, and news coverage of the Stormy Daniels sexual allegations, continued to put pressure on the president and the future of his presidency.

Last Friday, Gold closed at $1,311.30, down $10 per ounce for the week and very close to the $1,300 per ounce support level. During this week’s trading there is an outside chance that we could see Gold test that $1,300 level. If that happens I expect to see trading volume increase and quickly bounce off the lows. Gold should move back into the $1,330 to $1,350 trading range to keep its current bullish direction alive.

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Central banks manipulating & suppressing Gold prices

There is a highly informative article by Ronan Manly about how Central Banks are trying to control the Gold price while they accumulate thousands of tons of the precious metal. Read the article by clicking on the following link:

Central banks manipulating & suppressing gold prices

Today: After reaching a 2018 low of $1,307 per ounce this morning in Asian markets, the Gold price and volume started to rally. A weaker U.S. Dollar and lower equity markets are helping move Gold higher.

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SILVER

Last Friday, Silver hit a low of $16.15 per ounce before closing the week at $16.21. Silver was down $0.34 per ounce last week and near a 2018 low. The Silver/Gold ratio ended at 80-to-65, above the important 80-to-1 ratio. I continue to think we have seen the bottom for Silver this year, and I look for Silver to move back above the $16.50 level.

Today: Silver followed Gold lower in early trading, reaching $16.17 per ounce. Silver then started to rally as demand picked up in European and U.S. markets.

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It’s IRA investing time, we offer Precious Metal IRAs

Our company has a relationship with New Direction IRA. New Direction IRA is professional at setting up Precious Metal IRAs, arranging storage, and acting as the Trustee. If you would like to learn about Precious Metal IRAs and how to set one up, contact Stuppler & Company IRA department at 888-454-0444.

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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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