Weekly Market Report 6/1/15

| June 1 2015

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

Russia boosting Gold holdings as defense against ’political risks’

Will China go for a Gold standard? The jury is out!

This Week’s Headlines:

Gold
Concerns about Western Sanctions are driving Russia to buy Gold
Silver
Recommended Investment Commitment and Diversification

GOLD

Last week wasn’t pretty; Gold declined $14.30 per ounce for the week, closing at $1,189.80 last Friday. Gold tested the important $1,180 per ounce support level last Thursday, then quickly rallied up $8 on bargain buying. I believe Gold will test the very important $1,200 per ounce resistance level this coming week as demand picks up in Asia and Middle Eastern markets.

Based on recent weak U.S. economic data, the financial markets are beginning to expect that the Federal Reserve will not raise interest rates this year. US GDP (Gross Domestic Product) was reported last week at -0.7% annualized for the 1st quarter of 2015, the lowest setback since 2009.

This morning Gold briefly broke above the important $1,200 per ounce resistance level on heavy Asian buying. After reaching a high of $1,204.50, short term profit taking hit the market, driving the price down to $1,195 per ounce.

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Concerns about Western Sanctions are driving Russia to buy Gold

Dmitry Tulin, who manages monetary policy at the Russian central bank, explained that Russia is buying massive quantities of Gold based on fear that Russia’s overseas assets could be frozen as part of a possible toughening of Western sanctions over the Ukraine crisis.Tulin said, "The price of it (Gold) swings, but on the other hand it is a 100 percent guarantee from legal and political risks."
Read the complete story at:
www.mintstategold.com/investor-education/cat/news/post/russia_boosts_gold_holdings/.

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SILVER

Last week Silver closed between $16.64 and $16.74 per ounce, as it consolidated in this trading range. Silver closed on Friday at $16.70, down $0.35 per ounce for the week. New buyers continued to appear, especially from Asian markets, every time the price dipped below $16.60 per ounce. Silver needs to move back above the $17 per ounce resistance level to regain the bullish sentiment.

The Silver/Gold ratio moved to 71.24 to 1.

Silver followed Gold higher this morning, reaching a high of $17.20 per ounce.

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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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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