Gold & Silver Continue to Move Higher<br />Weekly Market Report 4/3/17

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

2017 Gold Investing ’Could See Price Hit $1475’

Gold Set to Soar to $1,500 as Inflation Makes a Comeback

This Week’s Headlines:

Gold
This Week’s Best Coin offer
Silver
U.S. Mint releasing 2017 Liberty HR 1oz Proof Gold
Recommended Investment Commitment and Diversification

GOLD

Last week was a consolidation week for the Gold price and Gold closed between $1,248 to $1,255 per ounce on all five trading days. It took Gold three weeks to move back above the key $1,250 per ounce support/resistance level. Now, it may take more than one week to consolidate that gain. Last Friday Gold closed at $1,251.20 per ounce, up only $3 for the week. Gold is now up $101.20 (8.8%) since the beginning of 2017. Gold should start its move toward $1,300 in April.

Weakness in the U.S. Dollar Index was a contributing force in stabilizing the Gold price last week. After the U.S. Dollar rallied 5%, to a 14-year high last December during Trump’s rally, the Dollar has given up most of the gains. Last month’s failure in Congress over healthcare reform has raised concerns as to the possibility of success for Trump’s tax reform and infrastructure-spending legislation. These concerns are helping precious metal investors to turn from speculative equities to a proven safe haven (Gold & Silver).

Today: This morning Gold is trading in a narrow range between $1,244 and $1,250 per ounce in Asian and European markets. I believe Gold will move back above the key $1,250 level this week.

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This Week’s Best Coin offer

The Swiss Gold 20 Franc Helvetia coins are a proven way to invest in Gold for your precious metals portfolio. These Swiss 20 Franc Gold coins are dated Pre-1933, giving them added privacy and tax benefits over Post-1933 dated Gold coins. These 20FR Gold coins are very affordable for a popular coin with approximately 1/5 ounce of pure Gold. Mint State Gold is proud to offer these low premium Gold coins to our investor and collector clientele.

These Brilliant Uncirculated bullion plus Gold coins’ shimmer with a brilliant luster and are one of the most popular Gold coins in Europe for investors and collectors. The devices on these gems are very finely detailed and these fractional Gold coins are sure to appeal to any Gold enthusiast.

The photo is an example of our Swiss Gold 20 Franc Helvetia Pre-1933 BU (Random Year). The coins you receive will be very similar to the one pictured. Each coin is hand inspected before shipment to make sure customers receive only quality coins at a low price. Mint State Gold selects the actual Pre-1933 dates you receive and feels confident that you will be very pleased with the selections.

For more information, please click on the following link:
http://www.mintstategold.com/swiss-gold-helvetia-pre-1933-bu.html.

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SILVER

Last week, Silver continued its rally, reaching a high of $18.32 per ounce. Silver closed on Friday at $18.25, up $0.51 per ounce for the week, and up $2.32 (14.53%) since the start of 2017. What is important about last week’s Silver trading is that Silver easily moved above the key $18 per ounce resistance level, and closed above $18 on all five trading days. Now, I believe Silver needs to show price consolidation for a week, testing the $18 support level and preparing to move above the $18.50 level

Silver is moving higher at a faster rate than Gold, causing the Gold/Silver ratio to decrease to 68.54-to-1.

Today: Silver sold off this morning in Asian and European markets, reaching a low of $18.06 per ounce before bargain buyers appeared. Those buyers drove the price back up to the $18.20 area very quickly.

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U.S. Mint releasing 2017 Liberty High Relief 1oz Proof Gold

On Thursday, April 6, the U.S. Mint will offer for sale the American Liberty High Relief 1 oz. Proof Gold coin. The price has not yet been released. This coin is a celebration of the 225th anniversary of the United States Mint. Because the mintage is 100,000 and there is no household ordering limit, we are not optimistic on the investment outlook for this coin. We also don’t believe the new modern rendition of Lady Liberty will be popular with collectors. However, because some collectors may wish to add one to their collection, we are recommending that you wait a while on the 2017 Liberty HR. We think the price of a certified PCGS/NGC 2017 Liberty HR coin will be lower than the initial offering price in 3-4 months.

If you wish to purchase a 2017 American Liberty High Relief 1 oz. Proof Gold coin, certified a perfect Proof-70 Ultra Cameo from PCGS or NGC, please contact us, and we will put you on our preferred client list and give you our lowest price guarantee.

We will be recommending the 2017 1oz Gold Buffalo Proof coin that is scheduled to be released by the U.S. Mint on May 11, 2017.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, Platinum & Palladium 10%

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

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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.

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