Tomorrow’s presidential election will be bullish for precious metals<br />Mint State Gold - Weekly Market Report 11/7/16

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

Gold May Be the Only Winner in US Elections

Buy Gold No Matter Who Wins the Election, HSBC Says

A new Shari’ah Standard for Gold

Russia’s Gold Holdings Have Tripled Since 2006

US Elections Will Push Gold to Hit $1,500: Technical Analyst

This Week’s Headlines:

Gold
Silver
Rare Coin Report
Recommended investment commitment and diversification

GOLD

Last Friday Gold closed at $1,304.50 per ounce, up $27.70 on very active trading volume. Much of the increase in the Gold price is credited to the rise of Donald Trump in the presidential polls. However, many precious metal analysts believe regardless of who becomes our next President, the big winner will be Gold.

The news of the Gold price’s positive run surrounding the elections made headlines last week when HSBC analyst, James Steel, published a note stating Gold would climb 8% no matter who wins. Backing this up, the World Gold Council wrote yesterday, "We expect that both the presidential and congressional elections results will be supportive of Gold regardless of the outcome, given the high uncertainty in the direction of policy and the possibility that the results may be contested." Please read more about this in the article entitled: Gold May Be the Only Winner in US Elections

Today: The U.S. Dollar and equity markets rallied as Gold dropped based on reports that Hillary Clinton received an 11th hour boost from the FBI’s decision not to continue her email investigation. The FBI stated that upon further examination of emails there would be no criminal charges warranted.

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SILVER

Silver ended a volatile week last Friday at $18.37 per ounce, up $0.57 per ounce for the week on active trading volume. Last Tuesday Silver broke above the key $18 per ounce resistance level and stayed above $18 for the remainder of the week. Silver reached a high of $18.75 on Wednesday as trading volume on the futures contracts, Silver equities, and physical demand markets picked up dramatically.

The Silver/Gold ratio has decreased to 71.01-to-1.

Today: Silver reached a low of $18.08 this morning based on the Clinton news. However, bargain buyers appeared causing a bear rally on good trading volume.

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Rare Coin Report

Last week, I traveled to Baltimore to attended the November Whitman Coin Expo, the last major rare coin convention of 2016. Both the trading bourse floor and the auction were very active. Hundreds of the major rare coin dealers and thousands of collectors and investors were pleasantly surprised by the trading activity. Many dealers report a shortage of high grade certified Gold and Silver rarities in many of the popular series.

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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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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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