Precious Metal Market holding their breath awaiting Summit News

Current Rare Coin Listings Updated

Current listings for Morgan Dollars
https://www.mintstategold.com/silver/us-mint/morgan-silver-dollar.html

Current listings for Peace Dollars
https://www.mintstategold.com/silver/us-mint/peace-silver-dollar.html

Current listings for $20 Gold Saints
https://www.mintstategold.com/gold/us-mint-1/saint-gaudens.html

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

US, Japanese Platinum Jewelry Demand to Continue Growing

Looking at Chinese and Russian Policies on Gold in a New Light

Bullish Factors for Silver Begin to Mount

Demand for COMEX Silver Delivery Highest since 2007

Trump Opens Pandora’s Box

This Week’s Headlines:

Gold
Silver
Long Beach Coin Expo starts June 14th
Recommended investment commitment and diversification

GOLD

The Gold price was on hold last week. All five-trading days, Gold closed between a low of $1,293 and a high of $1,298.50 per ounce; an unbelievably narrow high/low range of only $5.50 on low trading volume, as Gold was unable to break the narrow range that has been established in recent weeks. During the same period, both the U.S. Dollar Index and interest rates stayed in a tight range. So, other than approaching traditionally low trading volume summer months, the real question is WHY?

The Gold price seems to be in a holding pattern ahead of news coming as a result of last weekend’s G-7 meeting, the upcoming US-North Korea summit, and Wednesday’s Federal Reserve meeting. These events are highly likely to have a short-term effect on the direction of the Gold price. Geopolitical concerns about Iran and Italy have taken a back seat to concerns of how a global trade war will escalate and for the first news report coming from Singapore tomorrow. I look for Gold to break out of the recent trading range of $1,282 to $1,307 per ounce very soon, and I believe it will be on the upside.

Today: To say the results of last weekend’s G-7 meeting were disappointing is an under-statement. Plus, today’s news of a weaker U.S. Dollar Index combined with a report that in May, Gold held in ETF’s increased 14.6 tons, has given Gold a push over the important $1,300 per ounce level.

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SILVER

Last week the Silver price performed better than Gold, as the Silver/Gold ratio fell to 77.81-to-1. Silver closed last week at $16.70, up $0.31 per ounce on normal volume. During the month of May, over 35 million ounces of Silver were taken from the COMEX. This physical demand is the highest amount of Silver taken off the market since 2007. At this point in time, we don’t know how much of this Silver was added to the J.P. Morgan 140-million-ounce Silver hoard.

Today: The Silver price reached a high of $16.99 per ounce this morning with excellent volume. At that point there was short-selling based on concerns that Silver wouldn’t be able to break the $17 resistance level. Silver backed off, reaching $16.71 before seeing buyers reappear.

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Long Beach Coin Expo starts June 14th

This week, I will be attending the June 2018 Coin Expo convention in Long Beach, California. This is a major rare coin convention, and I expect to see active trading on the bourse trading floor, with hundreds of the major rare coin dealers and thousands of collectors and investors. I’m hoping to pick up many of the undervalued U.S. Gold and Silver rarities to build up our inventory and fill clients’ want lists. Please, update your want list if you haven’t recently.

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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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