Weekly Market Report 10/17/16

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

Has the Gold price ’digested’ another US rates rise?

Here’s why Gold is now poised to run to $1,550 and beyond

This Week’s Headlines:

Gold
Great value in U.S. Gold Bullion Plus coins
Silver
October 2016 CoinStats is now available
Recommended investment commitment and diversification

GOLD

Last week, the price of Gold closed between $1,253 and $1,260 per ounce all five days. Since Gold’s $65 decline in the first week of October, the price has stabilized in the $1,250 per ounce level. Many commodity market analysts are looking for news that will give precious metals a short term direction. That news could come from many places, including a Fed update on the direction of interest rates, positive or negative economic news, or the election of a new president. Regardless of what effects these would have in the short term, the long term outlook for Gold/Silver/Platinum has never looked better. Now is an excellent time to add to your long term Gold and Silver holdings and the following are my current recommendations.

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Great value in U.S. Gold Bullion Plus coins

After this month’s sell off in Gold, we are seeing a number of new investors focusing their attention on many of the undervalued U.S. Gold Bullion Plus coins. Popular Gold items like U.S. $20 Gold Saints and Liberties in Brilliant Uncirculated (BU) to MS66 condition are trading at a ridiculously low premium compared to their Gold content. With Gold up 18.41% this year, BU $20 Gold Saint Gaudens and Liberty premiums have not kept up, with only an 11.50% premium over the current Gold spot price. Because of the scarcity of these hundred-year-old uncirculated coins compared to popular Gold bullion coins, these Bullion Plus coins have historically traded at over a 40% premium. The higher certified grades (MS63 to MS66) of $20 Gold Saints/Liberties are also at very attractive low premiums right now.

Today: This morning Gold is trading a little higher at $1,255 per ounce, on news of increasing physical demand from popular EFT funds.

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SILVER

Last week Silver traded above and below the important $17.50 per ounce level. After the early October decline of $1.80, Silver has stopped the bearish trend and is building a base for the year-end rally. This correction is an excellent opportunity to add to your Silver holdings, because Silver still remains in a bullish trend, up 26.57% in 2016.

Last week, the Silver/Gold ratio increased to 70.03-to-1.

Today: Silver hit a low of $17.32 in early Asian trading before finding bargain buyers, rallying the price back to $17.50

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October 2016 CoinStats is now available

Our numismatic CoinStats report is the best investment 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 2016 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 50%, Silver 40%, Platinum & Palladium 10%

Diversification includes 50% in long term investment quality rare coins and 50% short term bullion products.

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REMEMBER THE BLOG

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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