Weekly Market Report 5/18/15

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

China Goes After Dollar with Gold Fix

Why China Is Taking Control of Physical Gold Pricing

WGC 2015 1st Qtr Gold Demand Report

Germans pile into gold amid Greek Eurozone default fears

This Week’s Headlines:

Gold
Silver
Recommended Investment Commitment and Diversification

GOLD

Gold has traded in the $1,180 to $1,220 per ounce trading range for the last seven weeks. Last Thursday, Gold finally broke out of that trading range, reaching a high of $1,227 per ounce. Last Friday, Gold closed the week at $1,225.30 per ounce, up $42.10 for the week. Hopefully, Gold will now establish a new trading range between $1,220 and $1,260 per ounce. This morning Gold continues to show excellent demand and last week’s rally has brought fresh buying.

Last week the World Gold Council (WGC) released the official Gold supply and demand numbers for the 1st quarter of 2015. The report showed that investment demand increased to 278.8 metric tonnes, up from 268 metric tonnes in the 1st quarter of 2014. The WGC report also showed that Gold Exchange Traded Funds (ETFs) increased their holdings by 25.7 tonnes, after the decrease of 13.5 tonnes of Gold in the 1st quarter of 2014. The most impressive fact in the WGC report was that the World’s Central Banks added 119.4 metric tonnes of Gold for the 1st quarter of 2015, while adding 1,332.9 since the beginning of 2013. Additionally, total demand has reached 9,728 metric tonnes of Gold since January 2013.

The Bank of England issued a report last week stating that Greece is ’Not Complacent’ on its debt and the risk of default is high. European Union data confirmed that Greece slipped back into recession in the first quarter, showing the confrontation between the Athens government and its creditors and the uncertainty about the country’s ability to pay its debts.

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SILVER

Silver rallied 6.67% last week, closing on Friday at $17.56 per ounce, up $1.10 per ounce for the week. Silver increased all five trading days last week and is finally approaching the very important $18 per ounce long term resistance level.

The Silver/Gold ratio moved down to 69.77 to 1.

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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.

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