Gold/Silver back on a bullish track. Proof Gold Buffalo coming this week

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

Silver Institute April Report

The Coming Silver Supply Crunch Is Worse Than You Know

This Billionaire Has Put Half His Net Worth into Gold

Gundlach Says Gold Signaling a $1,000 Price Rise

U.S. Exports Nearly All Gold Mine Supply to Hong Kong

This Week’s Headlines:

Gold
Silver
US Mint to release Proof Gold Buffalos on May 10th
Recommended investment commitment and diversification

GOLD

Last week was definitely an important week for precious metal owners, full of adverse news and events for the Gold/Silver price. Those adverse events were:

1. Federal Reserve governors met and confirmed two more interest rate increases this year.
2. The U.S. Dollar Index strengthened with it moving past the 92.00 level.
3. April unemployment dropped to 3.9%.

During last week, as these events hit the news, Gold continued to sell-off, testing the important $1,300 resistance level three times during the week. All three times, there was heavy demand and the price quickly moved back up. Gold closed the week at $1,312.70 per ounce, down $8.50 on excellent trading volume.

Now, the Gold price should work its way back upwards to the $1,350 level. Barring any unexpected negative news, we could see Gold trade between $1,307 and $1,319 early this week but move back above $1,320 by Friday. Also, based upon Gold’s trading price in April, I expect to see many central banks report heavy buying. As many of the world’s largest central banks continue to dump dollars and add Gold to their nations reserves, this adds a major bullish fundamental for Gold ownership.

Today: This morning, with the U.S. Dollar and interest rates moving higher, Gold is in a holding pattern. Gold has traded in a holding pattern between $1,310 and $1,319 per ounce.

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SILVER

Last week, Silver reached the important $16 per ounce support level. Last week’s low was $16.02 per ounce on May 1. Silver closed on Friday at $16.42, up $0.02 per ounce for the week. Last week’s higher Silver price was surprising in the face of a $8.50 drop in the Gold price. I look for Gold to lead Silver higher this week by first breaking back above the $16.50 per ounce level, and then making the $16.50 price a support level.

The Silver/Gold ratio moved lower last week to 79.59-to-1 on Friday.

Today: Silver is trading above and below the important $16.50 per ounce level. Silver reached a low of $16.36 and a high of $16.62 per ounce, while it’s waiting for direction.

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US Mint to release Proof Gold Buffalos on May 10th

With the upcoming release of 2018 1oz Gold Proof Buffalos on May 10, we want to notify all of our clients that we plan to offer them for pre-sale starting around or slightly after that date. Though the US Mint has changed many of its rules over the last year with regards to releasing and selling coins, we are still striving to offer pricing and availability as soon as possible. If you wish to purchase this pre-sale with our exclusive Lowest Price Guarantee, please click the link to the coin(s) you are interested in below and click the "notify me" button and we will email you the minute they become available for pre-sale.

2018 Gold Buffalo PCGS PR70 DCAM First Strike

2018 Gold Buffalo NGC PF70 UCAM Early Release

2018 Gold Buffalo Proof Ungraded in Gov’t Packaging

Special label requests please email [email protected] or [email protected]

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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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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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