Gold & Silver have turned and are heading higher

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

Global Silver Mine Production Drops in 2016 for First Time in 14 Years

Gold vs Trumponomics

China’s Private Investor Gold Surge Seen As Strong Signal

India April Gold Imports More than Double to 75 Tons

This Week’s Headlines:

Gold
Silver
2017 Proof 1oz Gold Buffalo now available
Recommended Investment Commitment and Diversification

GOLD

Last week we saw the turn in precious metal prices. Gold made a new 60-day low last Tuesday at $1,214 per ounce before heavy trading volume started pushing the Gold price higher. Gold closed last week at $1,227.70 per ounce, up only $1, however, after the recent $60 decline, Gold found sizeable bargain buyers worldwide. This turn happened in the face of a stronger U.S. Dollar and a higher 10-year Treasury yield which put pressure on the Gold price.

The recent slide in the Gold price gives our clients an excellent opportunity to add to their holdings at an attractive price. The risk/reward numbers are strongly in favor of Gold buyers. You risk a possible $30 decline if Gold hits the $1,200 per ounce support level, but if Gold reaches its April 17 high of $1,297, your reward is $67 per ounce. I think we will see Gold break above the $1,300 per ounce level very soon, especially if something happens with North Korea.

Today: Gold rallied this morning as we saw continued weakness in the U.S. Dollar. Chinese President Xi has indicated that he will spend 78 billion for infrastructure projects, helping prop up the value of Gold.

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SILVER

Last week, Silver followed Gold’s lead, reaching a low of $16.06 per ounce on last Tuesday’s close. That was Silver’s lowest close for 2017. Friday, Silver quickly rallied back to close on at $16.40 per ounce, up $0.13 for the week and up $0.34 from the week’s low. Silver offers an extraordinary opportunity for both long and short term investors.

The Gold/Silver ratio has increased to an astonishing 74.85-to-1.

Today: In overnight trading, there was good physical Silver buying from Far East markets as tensions with North Korea continue to be on the minds of most everyone in that region.

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2017 Proof 1oz Gold Buffalo now available

Last Thursday, May 11, the U.S. Mint sold the 2017 1oz Proof Gold Buffalo at $1,590. We purchased hundreds of these proof coins and will immediately submit them to PCGS and NGC, hoping to get a fair percentage of First Strike and Early Release Proof-70 Ultra Cameo coins.

If you wish, you can pre-order your 2017 1oz Proof Gold Buffalo, certified a perfect Proof-70 Ultra Cameo from PCGS or NGC, at a check or wire price of only $1,695, which includes our Exclusive Lowest Price Guarantee. Please see the details in our 2017 Gold Proof Buffalo client email sent last week.

Please click on the link below to order online or call us toll-free at 1-888-454-0444 to order by phone.

https://www.mintstategold.com/gold/us-mint-1/american-gold-buffalo-coins/proof-american-gold-buffalo.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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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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