Weekly Market Report 8/3/15

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

Gold price not being driven by fundamentals

This Week’s Headlines:

Gold
Silver
Rare Coin Report
U.S. Mint sold out of 2015 Gold High Relief
Recommended Investment Commitment and Diversification

GOLD

After reaching a five year low of $1,072 on July 24, Gold settled down last week. With Gold closing all five trading days between $1,088.70 and $1,096.20 per ounce last week, the recent volatility in the Gold price settled down. Last week Gold rallied above the key $1,100 resistance level three different days, but could not hold the rally. While $1,100 per ounce has acted as a resistance level for Gold, $1,080 per ounce has been the recent support level.

Mints around the world are reporting record sales for Gold and Silver bullion products. The U.S. Mint sold 170,000 ounces of Gold Eagles in July, the highest quantity in two years.

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. Additionally, due to the strong U.S. Dollar versus the Euro, premiums on the very popular European Pre-1933 Gold bullion coins are at five year lows.

Today: Gold is staying above $1,090 per ounce in active trading. I believe a Gold price above $1,100 per ounce is a key factor for a reversal in the recent down trend.

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SILVER

Last week Silver was unable to rally above the key $15 per ounce resistance level. Silver closed on Friday at $14.74 per ounce, up $0.26 per ounce for the week, but down $0.84 for the month. Silver has found substantial bargain buyers below $14.50 per ounce.

After a three week suspension of sales, the U.S. Mint started selling American Silver Eagle coins again on July 27, with sales of 1,323,500 coins in a single day. The authorized purchasers followed up on July 28, buying an additional 1,221,500 Silver Eagles. During the month of July the U.S. Mint sold a record 5,529,000 one-ounce .999 Silver American Eagles.

Today: after reaching a new 2015 low of $14.33 per ounce on July 24, Silver continues to find bargain buyers this morning and is staying above the $14.50 level.

The Silver/Gold ratio moved to an amazing 74.27-to-1

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Rare Coin Report

This 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 am asking 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.

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U.S. Mint sold out of 2015 Gold High Relief

On July 30, 2015 at 12 noon Eastern time, The U.S. Mint started accepting orders for the 2015 High Relief Gold coin. This U.S. Gold coin has a denomination of $100 and contains one troy ounce of .9999 24-Karat Gold. It has 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 was released on July 30, 2015.

Within the first 75 minutes after orders opened, the U.S. Mint sold 30,000 coins. At that point the U.S. Mint stopped accepting orders and put ’Currently Unavailable’ on their website. Although the U.S. Mint hadn’t reached the mintage limit, it is believed they sold out of available coins. The U.S. Mint’s website now currently shows the 2015 High Relief as ’Back Order’. The remaining 20,000 coins will probably not receive the First Strike or Early Release holders from the grading services.

Our company was successful in ordering the 2015 High Reliefs and we were able to offer a pre-sale to our clients for a limited time. We are now waiting to receive our allocation and submit them to PCGS and NGC for grading. We are hoping to receive our MS70 First Strikes from PCGS and MS70 Early Releases from NGC between August 30 - September 15, 2015, but it is up to the U.S. Mint and the grading services now.

We are currently accepting requests for 2015 High Relief coins graded PCGS MS70 First Strike and NGC MS70 Early Release, and expect to reopen sales immediately after we receive the grading results from both PCGS and NGC. If you are interested in MS70 First Strikes or Early Releases, please e-mail or call us to let us know. We will notify you once we have the results. Thank you.

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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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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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