We have seen the 2018 low for Gold – July CoinStats Available

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:

Over 1.5 Billion oz of Silver Forecast to be Consumed

BofA - Gold to Average $1,400 an Ounce in Q4 2018 Silver to Average $17.50

Silver, Gold American Eagles Most Counterfeited Bullion Coins

Gold Repatriation Could Be Sign of Things to Come

This Week’s Headlines:

Gold
I’m Going on Vacation
ANA Worlds Fair and Client Want Lists
Silver
July 2018 CoinStats is now available
Recommended investment commitment and diversification

GOLD

Gold dropped from $1,310 on June 14 to $1,237 on July 3, a $63 (4.8%) correction. This correction was primarily caused by large Asian corporations and investors selling Yuan and buying U.S. Dollars. These professional traders, betting that the Chinese central bank will devalue the Yuan because of a potential trade war, have driven the value of the Yuan lower. The exchange rate for the Chinese Yuan has dropped from 6.25 Yuan to the Dollar to 6.62 Yuan to the Dollar, a 5.9% decline in a relatively short time. If you do the math, during the same period Gold dropped (in U.S. Dollars) 4.8%, and Gold increased by 1.1% valued in Chinese Yuan.

In my 50-year history of monitoring precious metal prices, one thing has happened again and again. Before any major Gold/Silver rally, there was a clean out, and normally it’s quick. A quick/sharp drop in any precious metal price allows the professionals to watch the small speculators being stopped out of their leveraged commodity contracts. It’s called "driving out the weak hands" because margin calls cause small investors to sell and take a loss, rather than investing more money.

During trading on July 3, Gold reached a 2018 low of $1,237 per ounce in Asian markets. At that cheap price major buying appeared, quickly driving the Gold price up over $13 on excellent volume. Our markets were closed on July 4, but world markets continued to trade and hold Gold above the key $1,250 per ounce level. On July 5, Gold opened at $1,250 and reached a high of $1,260 per ounce on record CME trading volume of 39 million ounces for the popular August 2018 contracts. Gold closed the week at $1,254, up $2 for the week.

This week, I expect to see central banks reporting their Gold purchases for June. With the U.S. Dollar at the current high exchange rate versus the Euro, Yen, and Yuan, it should be sizeable. Many of the world’s largest central banks are actively exchanging their U.S. Dollars for Gold.

Another benefit of the strong U.S. Dollar-for-Gold investors is the low premium on pre-1934 Gold U.S. and foreign coins, the lowest its been in 20 years. This is truly a great opportunity to add to your Gold holdings at what is possibly near the lowest Gold price of 2018.

Today: The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets. The U.S. Dollar Index has dropped below 94 and Gold has firmly moved above $1,260, with today’s high of $1,266 per ounce.

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I’m Going on Vacation

The Euro has dropped in value versus the U.S. Dollar from $1.25 to $1.18 in the past couple months and I’m going to take advantage of this by traveling to Europe on Saturday and returning in late July. Having a very knowledgeable and talented son and staff allows me to leave for a couple weeks while the business will be open for normal business. There will be no Weekly Market Report for the next three weeks. There will be a daily precious metal blog posted on www.stupplerblog.com

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ANA Worlds Fair of Money and Client Want Lists

This year the ANA World’s Fair of Money (WFM) will be held in Philadelphia on August 13-18. I’m hoping to spend a few million dollars at the WFM to fill our clients want lists. So, if you haven’t already updated your want list, please work on it and send it to me by month end.

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SILVER

Silver reached a new 2018 low of $15.75 per ounce last week. During the latter part of the week, Silver continually traded above and below the key $16 per ounce level. If Silver can stay above $16 for the next few trading days, it could break the current downtrend. The Silver/Gold ratio has increased to 78.15-to-1.

Today: Silver moved higher with Gold this morning, reaching a high of $16.26 before seeing some short-term profit taking. I would like to see a new trading range between $16 and $16.50 for a short period to stabilize the market and build a fresh base.

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July 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 July 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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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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