Weekly Market Report 4/13/15

| April 13 2015

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

China Gold Reserves Rise To Threatening Level

This Week’s Headlines:

Gold
Fundamentals for higher Gold price continue to strengthen
Silver
April 2015 CoinStats is now available
Recommended Investment Commitment and Diversification

GOLD

Last week Gold hit a high of $1,224.50 per ounce, breaking above the key $1,220 resistance level. Unable to sustain the breakout, Gold closed that day at $1,218. Later in the week Gold broke down below the $1,200 support level reaching a low of $1,192.40 per ounce, as the U.S. Dollar rallied sharply versus the Euro. April 9, 2015 marks the fifth time this year the Gold Bears were able to drive the Gold price below the key $1,200 per ounce support/resistance level. However, the fundamental strength of Gold caused the price to rally back above $1,200 on excellent volume.

Last Friday Gold closed at $1,204.60 per ounce, up $3.50 for the week, and $21.40 per ounce for the month. In the face of the current U.S. Dollar rally it would be healthy for the price of Gold to consolidate between $1,180 and $1,220 per ounce. I continue to look for a breakout in the Gold price above $1,220 per ounce by the end of this month.

This morning Gold is testing the $1,200 per ounce support level, reaching a low of $1,196.40 per ounce in early trading.

There is a great article on our website today about Chinese Gold Reserves - See www.mintstategold.com/investor-education/cat/news/post/china_gold_reserves_at_threatenting_level/.

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Fundamentals for higher Gold price continue to strengthen

While some financial institutions are still calling for Gold to reach $1,000 per ounce, I continue to believe we have seen the bottom of the market. I think the price of Gold will move above the current $1,220 resistance level, and go much higher, very soon. The fundamentals for a major increase in the Gold price remain strong. Remember, last year Gold was up in every major currency except the U.S. Dollar. Why will Gold move higher in all major world currencies? Let me share some of the reasons:

Major military and political problems in the Middle East
Worldwide quantitative easing (money printing) especially in China, Japan, and Europe
Central Banks continue to trade their U.S. Dollars for Gold, thus building their Gold reserves
Extraordinary physical demand for Gold and Silver investment products in China and India
Global Gold production is dropping as the cost of mining increases
Interest rates have reached historical lows worldwide

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SILVER

Silver closed last Friday at $16.38 per ounce, down $0.32 for the week, and down $0.20 for the month. Silver has recently developed a $17.50 to $16.00 high/low trading range. Last week Silver showed weakness, ending the week lower in the face of a move higher for Gold.

Right now the Silver/Gold ratio is at 73.53-to-1.

Silver reached $16.24 per ounce this morning on average trading volume. Buyers came in and the price quickly rallied $0.10 per ounce.

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April 2015 CoinStats is 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 2015 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 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 in the subject line and email me which of the six series you would like to see.

I want to thank the clients who gave suggestions on how to improve CoinStats. Those recommendations are appreciated and as a result, beginning with the Jan 2015 CoinStats report, I made some additional changes. The first suggestion was to put coins that have increased in value in blue and those that deceased in red, on the Best Value page. Additionally, I am now indicating when new coins have been added to the Best Value page. If you have any suggestions, please feel free to email me.

Because I believe that CoinStats is one of the best tools to help rare coin collectors and investors recognize great value, I will continue to look for ways to provide more important and relevant information. Your input on CoinStats is always appreciated.

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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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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.

Categories: Weekly Market Report