Gold Showing Good Demand Above The $1,230 Per Ounce Support 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:

Demand For Gold Up 42%

Why Chinese Investors Could Benefit From Gold

BofA M/L Recommending Gold As Safe Haven Option And Value Pay

Emerging Economies Stockpiling Gold

Several States Are Beginning To Accept Gold And Silver As Cash

This Week’s Headlines:

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

GOLD

Last Friday, Gold hit a high of $1,243 per ounce on the best CME trading volume of the week. More importantly, Gold closed the week at $1,232.50 per ounce, up $7 for the week and $41 since the beginning of October. A good sign of a sustained Gold rally is that CME trading volume continues to be much higher on up days. This is an excellent indicator that professional traders and commodity houses would prefer to own Gold than to be short on Gold. Another bullish sign is that Gold is now above the 100-Day moving average, causing commodity technicians to buy on dips, which provides additional support for the market price.

In the month of October, many of the financial indicators have shown high volatility. During the month, DJIA led most of the world’s equity markets as it dropped from 26,458 to 24,688, down 1,770 pts (6.68%), a major decline for a 4-week period. During the same period, the interest rate on the 10-Year Treasury Bond declined from 3.23% to 3.11%. Both the DJIA and Treasury decline are bullish for Gold, but were counteracted by the strength of the U.S. Dollar Index, which has rallied to 96.20 from 94.37 during the same period. The strength in the U.S. Dollar is primarily the results of the Chinese Yuan falling over 9% in the past 6 months and is trading near a decade low level.

I believe Gold is definitely in an up channel and I expect to see Gold move higher in November. A firm move above the $1,250 level within the next few weeks, followed by a week or more testing the $1,250 support level would be a good sign for a strong year-end close.

Today: Gold had a wider $16 trading range today from $1,227 on the low to $1,243 on the high. Right now, with the U.S. Dollar’s strength (96.40 U.S. Dollar Index), Gold is trying to find demand above $1,230 per ounce.

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SILVER

Silver closed at $14.64 last Friday, up $0.06 per ounce for the week. But the really disappointing fact is that Silver is only up $0.02 for the month, in the face of a $41 rally in Gold. The Silver/Gold ratio has now increased to over 84-to-1. I contintue to say Silver needs to move above the key $15.00 per ounce level for professional traders and commodity houses to become positive on Silver. As for now, as Gold moves higher, Silver starts moving higher too but can’t hold a rally. Silver support needs to change and it should in the near future.

Today: Silver tested the $14.50 per ounce support level this morning, reaching $14.54. Premiums on the popular Silver physical investment items are moving higher.

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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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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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