Gold & Silver Moving Higher – April CoinStats<br />Weekly Market Report 4/10/17

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

India’s Gold Obsession & Trump’s Policies to Boost Gold Demand

A New Bull Market in Silver?

Texas Bill Would Establish Gold and Silver as Legal Tender, Take on Federal Reserve Money Monopoly

Why Islamic Finance Is Set to Transform the International Gold Market

This Week’s Headlines:

Gold
Silver
April 2017 CoinStats is now available
Recommended investment commitment and diversification

GOLD

Last week, Gold hit a new 2017 high, reaching $1,273 during Friday trading. As the U.S. launched a Tomahawk missile attack against Syria last Thursday night, Gold quickly rallied $21 per ounce. On Friday as more information was released about U.S. policy with Syria, the rally dropped to only $12. Then when the U.S. Labor Department announced that 89,000 new jobs were added in March, driving the unemployment rate to 4.5%, the Gold rally increase dropped again, to only $5. Thus, Gold closed last Friday at $1,257 per ounce, up $5 for the day, and up $107 (9.33%) per ounce since the beginning of 2017.

Trading last Thursday night and Friday is worth looking at carefully. Initially, after the announcement of the Tomahawk missile launch against a Syrian airfield, the Gold price exploded higher. Gold’s $21 rally to $1,273 (a 2017 high) didn’t hold very long. A combination of short term profit taking and a statement from Secretary of State Rex Tillerson drove the Gold price down $8 per ounce. Tillerson stated there was no significant change in the administration’s policy versus Syria and the missile attack was just a reaction to Bashar al-Assad’s chemical attack earlier in the week. Gold traded in the $1,265 area for a while, until the U.S. Labor Department shared the March jobs report the next morning. The jobs report showed a decrease in the unemployment rate to 4.5%, and Gold sold off another $8.

Let’s look at an overview of Gold trading. The U.S. escalation in military activity against Syria only netted a $5 increase in the Gold price. Allowing for a discount caused by the decrease in the unemployment rate, the increase still should have been more. Why? This was President Trump’s first aggressive attack against Syria, after stating earlier this month that the U.S. wasn’t going to get involved with the Syrian refugee problem. The uncertainty of Trump using a military option against North Korea, or even Russia, should have resulted in a bigger move in safe haven investments (Gold being number one). The price performance of the Gold mining stock index confirmed my opinion.

Although, I was disappointed in the Gold price performance last week, it was still up $6 for the week. I believe Gold needs more time to continue building a firm base above $1,250 per ounce, and I still think Gold will make its first attempt at $1,300 level by month end.

Today: This morning Gold hit a low of $1,247.20 before finding bargain buyers. The Gold price quickly bounced back above the key $1,250 support level and now is trading around $1,254 per ounce.

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SILVER

Last week, the Silver price was moving along very well, staying above the key $18 per ounce level both during trading and at closing, until Friday. On Friday, Silver trading showed substantially more volatility than Gold with a $0.62 high/low trading range. During Friday trading, Silver hit a high of $18.49 and a low of $17.87 per ounce and for the first time in eight trading days, Silver broke below the key $18 support level. On Friday, Silver closed at $18.15, down $0.10 for the day, but still up $2.16 from the beginning of 2017. What was disappointing is that Silver fell in Friday’s aftermarket trading, reaching $17.98 per ounce. Silver’s $18 support/resistance level needs to be re-established this week

The Gold/Silver ratio increased to 69.27-to-1.

Today: Silver opened sharply lower, at $17.73 per ounce, in Asian and European markets. Silver did hit $18.04 per ounce before breaking below the $18 support level.

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April 2017 CoinStats is now available

Our numismatic CoinStats report is the best investment tool for rare coin investors. CoinStats is an in-depth statistical analysis of popular rare coin series that allows you to identify the best values in certified rare coins. I am proud to offer this unique and informative tool exclusively to our clients. CoinStats has been updated for April 2017 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollars.

The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS/NGC certified MS63 or higher Gold and Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity. To receive the latest CoinStats analysis, just put the word CoinStats in the subject line and email me which of the six series you would like to see.

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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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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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