Gold Moves Back Above The Key $1,200 Per Ounce Level

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:

Gold/Silver Ratio Spikes To Above 85 For The First Time Since Sept 1993

Here’s Why One Analyst Just Made A "Rare" Call To Buy Some Gold

China To Continue Driving Global Silver Market Forward

Congressmen Introduce Bill To End Taxation Of Gold And Silver

This Week’s Headlines:

Gold
Silver
Recommended investment commitment and diversification

GOLD

As the summer months come to an end, hopefully we will see some activity in precious metal pricing. Since August 1st, Gold has traded between $1,160 and $1,220 per ounce, building a support base and allowing many of the world’s largest central banks to accumulate massive amounts of physical Gold. During this period, the U.S. Dollar has stayed strong causing the price of Gold, valued in U.S. Dollars, to appear cheap and at the same time allowing central banks to exchange the overvalued dollars for tons of Gold.

Last Friday, Gold closed at $1,194 per ounce, only $1 lower for the week, but down $105 (8.05%) since the beginning of 2018.

Now, I think we are about to see volatility in precious metal pricing increase as long-term fundamentals kick in. In addition to the sizeable Gold buying we are seeing from central banks, the jewelry manufacturers are now back from vacation and will be buying Gold to make new products for the holidays. Plus, India’s festival and wedding season, which runs from October to December is one of the most reliable drivers of global demand and has historically been a huge boon to Gold.

Thinking of what is coming between now and year end is causing me to increase my personal holdings of precious metals at the current price levels. My strategy is to scale in fresh money, spending half right now at the $1,200 level, and being prepared to make additional purchases. I would make that purchase if the Gold price re-tested its recent low of $1,160 per ounce, due to an increase in interest rates or higher U.S. Dollar value. If the Gold price holds around the $1,200 level and starts moving higher as many analysts predict, I would commit the other 50% when Gold firmly moves above the $1,230 per ounce level.

Today: A weaker U.S. Dollar this morning lead to a $10 rally in the Gold price. What’s important is the move back over the $1,200 per ounce support/resistance level.

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SILVER

Silver closed last Friday at $14.04, down $0.03 per ounce for the week. Last week was the second week in a row that Silver has tested the $14 per ounce support level and held. Silver clearly gets its price direction from the Gold market and the direction the value of the U.S. Dollar is taking.

So, if Gold can show good price support above $1,200, Silver should rally at a larger percentage. Last Friday, the Silver/Gold ratio continued to drop, now reaching an amazing 85-to-1 level, an extraordinary value at its current level and investors should recognize it.

Today: With Gold up $10 (.8%), Silver has rallied $0.18 (1.2%), trading at $14.22 per ounce.

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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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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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