Weekly Market Report 4/4/16

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

Why Russia and China are busy buying Gold bullion

Gold in a world of negative interest rates

Gold heads for biggest quarterly rise in nearly 30 years

How and why Janet Yellen is driving the Gold train much higher

This Week’s Headlines:

Gold
Silver
Platinum
April 2016 CoinStats now available
Pre-Sale on PCGS/NGC 2016 Proof-70 Deep Cameo 1oz Gold Buffalo
Recommended Investment Commitment and Diversification

GOLD

Gold closed last Friday at $1,223.50 per ounce, up $2 for the week and up $163 since the beginning of the month. Last week Gold had its ups and downs.

On Tuesday, Federal Reserve Chair Janet Yellen said the Fed still envisions a gradual pace of interest rate increases in light of global pressures that could weigh on the U.S. economy. She said that given the risks, the Fed will “proceed cautiously” in raising rates. This was bullish news for the Gold and Silver markets. Gold quickly rallied $20 per ounce, reaching $1,235 before seeing some light selling.

On Friday, the March job numbers were released and both the Gold and Silver price got hit. A good jobs number makes analysts anticipate that the Federal Reserve could raise interest rates more quickly than originally thought. After the news, Gold was quickly sold down to $1,209 before finding major buying. By end of Friday’s trading, Gold closed at $1,223.50 on heavy volume. Gold did reach a low of $1,210 per ounce on Friday, but did not test the major support level of $1,200 per ounce.

Today: This morning Gold has traded between $1,214 and $1,223 on normal volume. The big question that traders are asking is, “Will Gold test the $1,200 per ounce support level?”

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SILVER

Silver closed last week at $15.05 per ounce, down $0.14 for the week, but up $1.27 (9%) since the beginning of the year. Last week Silver had its ups and downs for the same reasons that dramatically affected the Gold price. Silver reached a high of $15.46 after Chairman Yellen’s statement on Tuesday, and hit a low of $14.79 when the March jobs report was released Friday.

Bargain buyers appeared on Friday after Silver reached a low of $14.79 on the highest trading volume for the week. Breaking below the key $15 per ounce support level Friday was negative for the short term, but if Silver can quickly rally back above $15.00, that would confirm that the $15 support level is still intact.

Demand for physical Silver remained strong as the U.S. Mint added another million ounces of 1oz Silver Eagles to sales figures. 2016 sales are now 14,957,000 1oz .999 Silver Eagles. This is higher than last year and ahead of the record 47,000,000 pace of 2015 sales. The U.S. Mint sales have been averaging over a million 1oz Silver Eagles a week.

The Silver/Gold ratio is still over an amazing 81.32-to-1.

Today: Silver is showing active physical demand as the price trades above and below the key $15 per ounce resistance level.

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PLATINUM

Platinum closed last Friday at $955 per ounce, up $3 for the week. As Gold moves higher or lower, it appears that Platinum is moving up at a higher percentage. Platinum is trading at more than a $220 discount to the spot Gold price. This has only happened four times in the past twenty years, and Platinum rarely stays at a discount to Gold for more than a year. The Canadian Platinum Maple Leaf is the best bullion coin on the market, with the lowest premium over spot Platinum.

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April 2016 CoinStats 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 April 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 insert the word CoinStats on the subject line and email me which of the six series you would like to see.

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Pre-Sale on PCGS/NGC 2016 Proof-70 Deep Cameo 1oz Gold Buffalo

Last week the U.S. Mint released the Proof 1oz $50 Gold Buffalo coins. The U.S. Mint sold the Proof 2016 1oz Buffalo in the Mint Box at $1,590. We are now offering a Pre-Sale for the perfect Proof-70 Deep/Ultra Cameo 2016 Gold Buffalo in certified PCGS/NGC holders. Please check the following website link for current pricing and availability. Remember that all of our 2016 Pre-Sales come with our exclusive Best Price Guarantee as well as free shipping! Click on the following link for pre-sales: www.mintstategold.com/pre-sale-offers.html

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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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