Weekly Market Report 12/8/14

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

ECB Preparing Broad Stimulus Plan, All Assets but Gold on the Table for Purchase

This Week’s Headlines:

Gold
Silver
Pre-order 2015 First Strike BU Gold & Silver Eagles & Gold Buffalo
Recommended Investment Commitment and Diversification

GOLD

The U.S. Department of Labor released a report last Friday showing an increase of 321,000 new jobs in November. This information was very negative for precious metals and Gold dropped $17. The jobs increase puts 2014 on track to be the best year for U.S. jobs since 1999, while keeping the unemployment rate at 5.8% Gold ended the week at $1,190.40 per ounce, up $15 for the week.

Last week Gold reached the 2014 low price of $1,141 per ounce (a four year low) on Monday. Trading that day was truly a classic Intra-Day reversal, bottoming out and then closing on or near the day’s high, on heavy trading volume. That day the Gold price closed at $1,218, up $77 per ounce from the day’s lows.The trading volume was over 342,000 CME 100-ounce Gold contracts (34.2 million ounces.)Trading volume was at record levels in the both the futures and ETF paper Gold markets. A classic Intra-Day reversal is very bullish for the price of Gold.

Last Tuesday through Friday, Gold traded in a narrow $26 range, from $1,186 to $1,212 per ounce on excellent trading volume. Gold was building a base as it consolidates for its move to the next resistance level of $1,240 per ounce. This consolidation was done in the face of a very strong U.S. Dollar at below $1.21 per Euro, which is a four year high for the U.S. Dollar.

This week we should see Gold move back above the $1,200 per ounce resistance level, and hopefully trade in the $1,200 to $1,220 price range. This would be very bullish for Gold long term. It could also prevent Gold from reaching new lows by month end if the U.S. Dollar continues to strengthen against the Euro and Japanese Yen.

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SILVER

Silver trading last week was extraordinary. After reaching a five year low of $14.16 per ounce on Monday, Silver quickly rallied back above $16.69. Silver had an amazing $2.53 per ounce high/low range (17.8%)last Monday. Like Gold, this trading resulted in a very bullish Intra-Day Reversal.The trading volume was the highest in over a year at 120,775CME five-thousand ounce Silver contracts (over 600 million ounces.)

Silver closed last Friday at $16.25 per ounce, up $0.70 for the week. Silver needs to move back above $18 per ounce to regain bullish sentiment from the professional commodity traders. Physical demand for Silver continues to break all-time high sales records. As of Dec 5, the U.S. Mint has sold over 42 million one ounce .999 Silver Eagles.

Right now the Silver/Gold Ratio is at 73.22-to-1.

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Pre-order 2015 First Strike BU Gold &Silver Eagles and Gold Buffalo at today’s low price

Stuppler & Company is now accepting orders for First Strike U.S. 2015 Silver Eagles, $50 Gold Eagles, and $50 Gold Buffalo.

Get First Strike BU Silver Eagles for only $3.29 over spot in lots of 100 - 499, and $2.95 over spot for the FirstStrike Green Monster box (500 coins.)

U.S. First Strike BU 2015 $50 Gold Eagles for only 4.25% over spot with minimum order of 5, and get First Strike BU 2015 $50 Gold Buffalo for only 5% over spot, also with a minimum order of 5.

You can lock in today’s low Gold and Silver prices on these 2015 First Strike BU coins for delivery early in 2015. Call toll-free 1-888-454-0444 or email me at [email protected].

If you prefer to order online, please see:
2015 Gold Eagles
2015 Gold Buffalo
2015 Silver Eagles

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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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