Gold Breaks $1,220 As DJIA Drops 1,100 Pts - October 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:

Could This Be The Turning Point For Gold And Silver?

Gold Surges To A 2-Month High

U.S. Mint Nixes Production Of 2018 American Eagle Palladium Bullion Coins

China Steps Up Gold Holdings Amid Trade War With US

This Week’s Headlines:

Gold
Silver
October 2018 CoinStats is now available
Recommended investment commitment and diversification

GOLD

The excitement started Wednesday of last week as U.S.-China trade negotiations appeared to be going nowhere. Additionally, interest rates were reaching seven-year highs on the 10-year treasury bills. Both of these issues caused a sell-off in equity markets around the world. The U.S. DJIA started droping on Wednesday, and by Friday, it was down over 1,100 points. Seeing this downward volatility in the equity markets, investors ran to the world’s most popular safe haven, GOLD. The price of Gold moved from $1,190 to $1,223 per ounce in just two days and closed the week at $1,218, up $16.40 for the week.

What is surprising about Gold’s move above the important $1,220 resistance level was the fact the U.S. Dollar Index stayed above the 95 level all week. There was no weakness in the U.S. Dollar, and Gold rallied $33 in three days. To confirm this breakout, Gold needs to move back above the $1,220 per ounce level and stay between $1,220 to $1,250 for a couple of weeks. This would create a new base for the move toward $1,300 in November. If Gold tests the $1,200 per ounce support level, this would be an extraordinary buying opportunity.

Today: A weaker U.S. Dollar index combined with a continued sell-off in the world’s equity markets drove Gold up to $1,233 per ounce in early Asian trading. Demand for physical Gold investment products is picking up with investors.

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SILVER

Although Silver was up $0.28 per ounce on Thursday when the DJIA dropped over 800 points, Silver couldn’t close higher for the week. Silver closed on Friday at $14.55 per ounce, down $0.01 for the week. The Silver/Gold ratio has increased to 83.66-to-1. If Gold holds above the key $1,220 per ounce level, I expect to see Silver move toward the key $15 resistance level.

Today: Silver followed Gold higher this morning, reaching $14.80 per ounce before seeing light selling.

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October 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 October 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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