Weekly Market Report 7/27/15

| July 27 2015

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

Gold’s Two Stories: Paper Markets Collapse... While The Retail Public Buys At A Record Pace

US Mint to resume sales of American Eagle silver bullion coins July 27

This Week’s Headlines:

Gold
Silver
Rare Coin Market Report
US Mint announced 2015 High Relief Gold coin
July 2015 CoinStats is now available
Recommended Investment Commitment and Diversification

GOLD

Last Friday Gold closed at $1,085.50, after reaching a five year low of $1,072.30 during trading. Trading volume for the primary Gold contract on the CME commodity exchange for last week was at record levels. Gold was down $46.40 per ounce last week, and down by $86.30 since the beginning of the month. Gold has now been down the past five weeks in a row, as the trading volume continues to build.

Since reaching an all-time high of $1,920 per ounce on Sept. 6, 2011 Gold has been in a down trend. Gold rallied from $276.50 on December 31, 2001 to reach $1,920 over ten years later, an increase of almost 600%. $1,100 per ounce would be a 50% retracement of the long term rally and a major support level for Gold.

Long term Gold investors (3 years or more) should seriously consider adding to their Gold holdings right now. The risk/reward level for Gold ownership has never been more attractive. Plus, due to the strong U.S. Dollar versus the Euro, premiums on the very popular European Pre-1933 Gold bullion coins are also at five year lows.

An excellent article by Tyler Durden on “Gold’s Two Stories: Paper Markets Collapse... While The Retail Public Buys At A Record Pace” is available to read at the following link:
www.mintstategold.com/investor-education/gold_stories/

Today, in early trading Gold moved back above the key $1,100 per ounce resistance level in active trading, reaching a high of $1,105. At that point Gold picked up some short term profit takers and Gold started trading above and below the $1,100 per ounce level. I believe a Gold price above $1,100 per ounce is a key factor for a reversal in the recent down trend.

Back to top of report

SILVER

Last Friday Silver closed at $14.49 per ounce, down $0.35 for the week on heavy trading volume.

Sale of American Eagle Silver bullion coins by the U.S. Mint is to resume today following a three-week suspension to build inventory.

Today, after Silver reached a new 2015 low of $14.33 per ounce last week, it found excellent demand this morning and is staying above the $14.50 level.

The Silver/Gold ratio moved to an amazing 74.92-to-1

Back to top of report

Rare Coin Market Report

Next week I head to Chicago, Illinois to attend the American Numismatic Association World’s Fair of Money. This is the largest rare coin convention of the year. This convention will be very busy with thousands of rare coin collectors, investors, and dealers in attendance. I am hoping to fill our clients’ rare coin want lists. I want to ask our clients to update their want lists. Please email your rare coin want list to me this week, or call me to discuss any coins or series of interest.

Back to top of report

US Mint announced 2015 High Relief Gold coin

The U.S. Mint has announced that it will be minting a 2015 High Relief Gold coin. The U.S. Gold coin will have a denomination of $100 and contain one troy ounce of .9999 24-Karat Gold. It will have a lustrous high relief surface, and a classic American Gold coin design. The mintage is limited to 50,000 from the West Point Mint. This is the first High Relief Gold coin since the 2009 Ultra High Relief, which will increase the 2009 demand once the 2015 is released. The 2015 High Relief will be released on July 30, 2015.

We will be offering the 2015 High Relief for pre-sale on our website as soon as possible. We will also be offering 2015 High Reliefs for pre-sale in MS70 First Strikes from PCGS and MS70 Early Releases from NGC, with an estimated delivery for the MS70s of approximately August 30, 2015. We will be notifying all of our customers when our 2015 High Relief pre-sale offer is available.

Back to top of report

July 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 July 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.

Back to top of report

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

Back to top of report

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.

Categories: Weekly Market Report