Weekly Market Report 2/4/13

This week we are offering 1^st Strike 2013 Gold and Silver Eagles encapsulated by PCGS and graded a perfect MS70. We also have a limited supply of the 2013 1oz Gold Buffalo in 1^st Strike graded a perfect MS70 by PCGS.

GOLD

Gold’s recent decline bottomed out last Monday on heavy volume, then it turned up, closing up $13 per ounce for the week. Since Dec 13, 2012 Gold has been trading in a $1,650 to $1,700 per ounce price range, building an excellent base for the next upward break out to new highs.

On Friday Gold closed at $1,669.40 per ounce after the U.S. Department of Labor released the disappointing jobs report for January. I continue to believe Gold will break through the $1,700 per ounce resistance level by month end.

The U.S. Commerce Department reported last Wednesday that the U.S. economy (GDP) unexpectedly had reversed its course in the final quarter of 2012, dropping 0.1 % in the fourth quarter of 2012, its worst performance since the financial crisis in 2009. This GDP data assures that the Federal Reserve will continue its current economic stimulus programs and be very supportive for the future price of Gold.

CENTRAL BANKS CONTINUE TO BUY GOLD IN DECEMBER

Russia’s Gold reserves rose 2.1% to 30.8 million troy ounces in December 2012. Its holdings increased by 8.7% over 2012, as the central bank added 2.4 million ounces to its Gold hoard.

Kazakhstan raised its bullion holdings by 1.7% to 3.7 million troy ounces in December 2012. Kazakhstan bought 1.1 million ounces in 2012, raising their bullion holdings by 41%.

Turkey posted the largest increase in Gold reserves--15% in December to 11.6 million ounces. Last year, the Turkish central bank began accepting bullion as a form of deposit from domestic banks, so some of the reported Gold reserves actually belong to its domestic banks. Turkey’s bullion holdings rose 84% for the year.

SILVER 

Last Friday Silver closed at $31.94 per ounce, up $0.75 for the week. For the past six months Silver has been building an extraordinary base, showing excellent support above $29 per ounce and showing sizeable resistance at $35 per ounce. Global monetary expansion of the world’s money supply is setting the stage for serious inflation rates arriving within the next couple of years. This is just one of many reasons that you need to increase your holding of Silver right now. The following article provides 20 good reasons why Silver could be the right investment for 2013.

http://www.mintstategold.com/investor-education/cat/news/post/20_reasons_for_long_term_silver/

U.S. Mint reports all-time record sales of Silver Eagles

The U.S. Mint reported today that January’s 1oz Silver Eagle sales were 7,498,000, an all-time record high. This is an extraordinary number and it confirms that domestic demand for physical Silver investment products is alive and very healthy.

PLATINUM & PALLADIUM

Platinum was down $7.80 per ounce last week, closing at $1,687 per ounce, at an $18 per ounce premium to the price of Gold. Palladium was the big winner last week, up $15.40 (over 2%), closing the week at $756 per ounce, a 17-month high. Palladium has broken its resistance level and should reach $800 per ounce within the month.

SPECIAL U.S. GOLD AND SILVER CLIENT OFFER

2013 1oz 1^st Strike PCGS MS70 U.S. Gold & Silver Eagles, and Gold Buffalos

We are offering PCGS MS70 2013 U.S. 1oz Gold & Silver Eagles, and U.S. 1oz Gold Buffalos at special client low prices. The 1^st Strike 2013 Gold & Silver 1oz Eagles are graded a perfect MS70 by PCGS. We also offer the 1^st Strike 2013 U.S. 1oz Gold Buffalos PCGS MS70, as well as a Set of all 3 which includes the 1oz Gold & Silver Eagles and the 1oz Gold Buffalo, all 3 graded a perfect MS70.

See the offer at:  http://www.mintstategold.com/client-only-offers.html

Or call Barry/David at 888-454-0444 or email [email protected] or [email protected]

Recommended investment commitment and diversification:

Precious Metal commitment: Minimum of 35% 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.