Silver was last week’s superstar – April CoinStats Available

By Barry Stuppler

| April 23 2018

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

Watchout for an Explosive Action in Silver Prices on Long-term Breakout

Demand for Gold Projected to Drive up Prices From Q3

Why Gold is More than an Insurance Asset

Gold Looking Good as Global Debt Surges To $237 Trillion

Gold Wants to Break Free

This Week’s Headlines:

Gold
Silver
April CoinStats Available
Extraordinary $20 Gold Saint Collection being sold
Recommended investment commitment and diversification

GOLD

After hitting a high of $1,358 per ounce last Wednesday, Gold closed the week at $1,337 per ounce. Gold was down $10.60 for the week, but still up $32 for the year. The strength of the U.S. Dollar and higher interest rates were the main factors for Gold’s selloff late in the week.

Physical demand for Gold bars and coins continues to grow outside the U.S., with Russia leading the demand. In March, the Russian central bank added another 9.33 tons (300,000 troy ounces) of Gold, bringing Russia’s official Gold holdings to 1,890 tons. The Bank of Russia holds a third of its currency assets in the U.S. but all its physical Gold holdings are thought to be held in depositories in Moscow, St. Petersburg, and Yekaterinburg.

Some of the newest countries repatriating tons of Gold from the U.S. Federal Reserve System are Turkey and Hungary. Germany, Netherlands, Venezuela, Belgium, and Austria have all been repatriating Gold over the past five years.

These countries are withdrawing their physical Gold from the U.S. for a number of reasons:

Both U.S. and world debt are spiraling out of control
Uncontrolled money printing by the U.S., European, and Asian governments
Potential trade wars
Increasing government sanctions
Higher interest rates
Geopolitical tensions showing no sign of ceasing

Today: Gold opened lower, reaching an early morning low of $1,322 per ounce based on rising interest rates. The 10-year Treasury has reached 2.97%, on the way to the key 3% level. Higher interest rates are short-term negative for precious metals.

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SILVER

Silver was the superstar precious metal of last week. With Gold dropping $9.60 (.71%), Silver broke above the key $17 per ounce resistance level. Last Friday, Silver closed at $17.15, up $0.51 per ounce and finally up a dime for the year. The most impressive thing about last week’s Silver rally was Friday’s support of the $17 level as Gold dropped $10 per ounce.

A number of precious metal traders feel that Silver’s price increase last week is a sign that inflation is coming sooner than expected. Silver traditionally moves higher before Gold if inflation is on the horizon. The Silver/Gold ratio has dropped to 77.98-to-1 last Friday.

Today: When Gold sold off this morning, breaking down below $1,325, Silver got hit. The key $17 per ounce support level couldn’t hold, and the Silver price quickly dropped to $16.61 before bargain buying appeared.

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April 2018 CoinStats is now available

Our numismatic CoinStats report is a great 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 2018 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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Extraordinary $20 Gold Saint Collection being sold

I have the honor of representing the owner on the sale of the A&A pedigreed collection of rare $20 Gold Saint Gaudens. The collection has many $20’s that are the finest known or tied for finest known, with PCGS grades from MS65 to MS68, and low populations from only 1 to 15.

This collection gives you the chance to pick up true Gold rarities that have not come on the market for over 15 years. The prices range from $5,800 to $525,000. Please take a moment to look at the pictures and descriptions of these rarities. They are listed on our website with prices at:

https://www.mintstategold.com/gold/us-mint-1/saint-gaudens.html.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 40% 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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REMEMBER THE BLOG

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.

Categories: Weekly Market Report