Weekly Market Report 3/23/15

| March 23 2015

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

This Week’s Headlines:

Gold
Silver
Traveling to Baltimore for the Whitman Rare Coin Convention
Recommended Investment Commitment and Diversification

GOLD

Last Wednesday afternoon, the Federal Reserve and its Chairman Janet Yellen updated the nation with their economic outlook. The Federal Reserve felt that it wasn’t the right time to raise interest rates and decided to make the future direction more dependent on economic indicators. They revised targets on unemployment, GDP, and inflation rates to be more conservative. These changes caused many economists to believe that rates will not be raised until late this year or perhaps 2016. This news was bearish for the U.S. Dollar, weakening it from $1.03 to the Euro, to $1.06 to the Euro. However, the news was very bullish for precious metals. Gold moved up $33 per ounce last Thursday and Friday.

Gold closed at $1,184.60 per ounce on Friday, up $32 for the week, and moved higher for the year. After reaching a new yearly low of $1,141.60 per ounce last week, Gold has now moved back to the $1,170 to $1,200 per ounce trading range. Both exchange and physical Gold demand were very strong last week. Now, for this bullish move to be confirmed, the Gold price needs to move towards the $1,200 per ounce resistance level within the next couple weeks.

This morning the U.S. Dollar is even weaker versus the Euro ($1.07), and Gold continues its bullish move higher, with Gold reaching a high of $1,189 per ounce.

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SILVER

Wow, what a week for the price of Silver, up $1.39 (8.96%) per ounce. Silver closed on Friday at $16.88 per ounce, up from $15.49 a week earlier. The $16.00 per ounce level was an important resistance level. During late afternoon trading last Wednesday the Silver price exploded, moving up over $0.50 after the Federal Reserve information was released. It is clear by Silver’s sharp 8.96% rally last week that it was very over-sold. $17 per ounce is now a very important resistance level, but it needs to surpass $18 before many professional traders get bullish on Silver again.

Right now the Silver/Gold ratio is at 70.17-to-1

Silver is moving higher today, reaching a high of $17.02 per ounce before seeing any short term profit taking.

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Traveling to Baltimore for the Whitman Rare Coin Convention

Tuesday, I head to Baltimore for the Whitman rare coin convention. The Whitman Expo is a major rare coin show. This rare coin convention will be well attended by thousands of rare coin collectors, investors, and dealers. I believe that demand for high quality PCGS/NGC certified rare coins should be very strong. Many dealers are focusing their attention on low population Gold and Silver rarities to fill their clients want lists. I will be trying to locate many of the rare coins on my clients want lists. If you have not updated your want list recently, please email me by tomorrow.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of investment capital

Diversification: Gold 45%, Silver 45%, 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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Categories: Weekly Market Report