Gold/Silver Moving Higher – Oct. 2017 CoinStats Available

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

This is How Germany Became a Gold Powerhouse

Tax Reform: Implications for Gold

Gold-Backed ETFs Increased by 22.4t in September

China Proven Gold Reserves at 12,100 Tonnes at End-2016 - Xinhua

This Week’s Headlines:

Gold
Silver
October 2017 CoinStats is now available
Recommended investment commitment and diversification

GOLD

In the past month the value of the U.S. Dollar, interest rates, and the stock market have all moved higher. During the past four weeks, the U.S. Dollar Index has gone from 91.10 to 93.64, a 2.78% increase. The interest rate of the 10-year Treasury has gone from 2.05% to 2.36% an increase of 15%, and the DJIA has gone from 21,797.79 to 22,773.67, increasing 4.47%. A rally in these three financial sectors is considered negative for precious metals. In this short-term negative climate, Gold should have tested the $1,200 per ounce long-term support level, but it didn’t.

Many technical analysts would tell you that last week’s Gold trading was a great indicator of a bullish turn in the price. During all five trading days last week, Gold closed between $1,270.20 to $1,273.80, only a $3.60 high/low closing range. Friday’s trading was especially very bullish, with Gold reaching a low of $1,260 in early morning trading and bouncing back to close at $1,272 on the highest trading volume of the week. Gold closed for the week at $1,271.90, down $9.80 per ounce. I look for Gold to move back above the important $1,280 per ounce resistance level this week.

Today: This morning in Asian markets Gold saw lots of Chinese bargain buying, as the Chinese returned from their holiday. That, along with a weaker dollar has given Gold a boost. Right now, Gold is trading at $1,281, after reaching a high of $1,285 earlier.

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SILVER

Last week, while Gold declined $9.80 for the week, Silver moved higher. Silver was up $0.11 for the week, closing at $16.74 per ounce. Surprisingly, Silver did hit a low of $16.30 per ounce on Friday. Then, like Gold, bargain buyers appeared and took the price up $0.44 per ounce, closing on the highest price for the week. Friday’s rally was on the highest CME trading volume of the week, which is another bullish indicator.

The Gold/Silver ratio has decreased to 75.93-to-1.

Today: Silver continues last Friday’s rally, reaching a high of $17.02 in early morning trading.

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October 2017 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 October 2017 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 30% 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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