Weekly Market Report 12/22/14

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

H.R. 2754 Collectible Coin Protection Act has passed!

This Week’s Headlines:

Gold
Silver
Collectible Coin Protection Act becomes a law
Pre-order 2015 MS70 First Strike/Early Release Gold & Silver Eagles & Gold Buffalo
Recommended Investment Commitment and Diversification

GOLD

Gold’s high/low closing range last week was only $13 per ounce as it consolidated in the $1,194 to $1,207 per ounce level. After breaking below the key $1,200 per ounce level last Monday, Gold reached its support level of $1,180 per ounce before a large amount of bargain buyers appeared. Gold is likely to test its support level over the next two weeks. As we approach the holiday season, the volume of precious metal trading on the world’s exchanges should be low. Since XMAS and NEW YEARS fall on Thursday, trading on the Wednesdays before and Fridays afterward will be shortened and very light volume sessions. With low trading volume, price volatility could have a wide range, similar to what happened last year.

In late December of 2013, the price of Gold hit $1,181 per ounce, the yearly low, before quickly rallying back $70 per ounce and reaching $1,251 by January 13, 2014. Since January has historically been a very good month for precious metal prices, I would be very happy if Gold just stayed in the current price range till the end of the year. Next year, I expect Gold to resume its bullish long term direction, hitting $1,300 per ounce by February.

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SILVER

The Silver price really got hammered early last week, falling $1.30 per ounce in the first two trading days of the week. During last Tuesday’s trading, Silver reached a low of $15.54 before rallying back to $15.75 by day’s end. By Friday, Silver had rallied back to $16.03 per ounce, down $1.03 for the week and up $0.47 for the month. After this month’s price volatility I really need to see the price stabilize in the $16 to $17 per ounce area.

Physical demand for Silver continues to break all-time high sales records. As of Dec 19, the U.S. Mint has sold over 43,505,000 1oz .999 Silver Eagles. Other mints around the world also report all-time record sales for 2014.

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

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Collectible Coin Protection Act becomes a law

As Chairman of the Gold and Silver Political Action Committee I am very proud to say that H.R. 2754 Collectible Coin Protection Act has become law! It was passed by Congress on December 15 and signed by the President of the United States on December 18, 2014.

The Collectible Coin Protection Act helps combat the counterfeiting of numismatic items and grading-service slabs. This newly enacted legislation will give more teeth to the existing law and have a significant positive impact within the rare coin and precious metal community.

Stopping Chinese Counterfeit coins is the No. 1 legislative priority of the Gold & Silver PAC. It is crucial that we stem the influx of very high quality counterfeits coins entering the US marketplace from China. Guided by Political Consultant Jimmy Hayes, it was decided that legislation would be the most effective remedy. This new law allows for both civil and criminal penalties against companies or individuals that import, distribute, or resell Counterfeit coins. The Collectible Coin Protection Act modifies the Hobby Protection Act to give law enforcement agencies the additional enforcement and deterrent powers they need to stop the inflow of all counterfeit coins.

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Pre-order 2015 MS70 First Strike/Early Release Gold & Silver Eagles and Gold Buffalo at today’s low price

Stuppler & Company is now accepting orders for MS70 PCGS First Strike or NGC Early Release U.S. 2015 Silver Eagles, $50 Gold Eagles, and $50 Gold Buffalo.

Click on links below to see current prices.

PCGS First Strike or NGC Early Release MS70 2015 1oz Silver Eagles for only $46 over spot with a minimum order of 25

PCGS First Strike or NGC Early Release MS70 2015 1oz Gold Eagles for only $119.99 over spot (Qty 1-4) or $109.99 over spot (Qty 5+)

PCGS First Strike or NGC Early Release MS70 2015 1oz Gold Buffalo for only $99.99 over spot (Qty 1-4) or $89.99 over spot (Qty 5+)

Also available in Sets of all 3.

View all of these Pre-order offers at: http://www.mintstategold.com/client-only-offers.html.

You can lock in today’s low Gold and Silver prices on these 2015 MS70 PCGS First Strike or NGC Early Release coins for delivery early in 2015. Call 888-454-0444 or or email me at [email protected].

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 45% of your available 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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