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

Trade-War Retaliation Could Boost Gold Demand

Gold Does Not Fear Interest Rate Hikes

Silver's Poised to Outpace Gold this Year

Why isn't Gold Soaring?

US Mint Feb Gold Coins Sales Hit Lowest in More than a Decade

 

This Week’s Headlines:

Gold
Silver
It's IRA investing time and we offer Precious Metal IRAs
Recommended investment commitment and diversification

 

GOLD

Last week's precious metals trading was highly volatile with Gold reaching a low of $1,312 and a high of $1,341 per ounce. Gold ended the week at $1,322.50 per ounce, up $1.50 for the week. A number of factors were causing the volatility:

  1. Concerns over the President's executive order which would slap a hefty tariff of 25% on global imports of steel and 10% on aluminum. The President finally compromised and allowed exemptions for Canada and Mexico. In addition, he is allowing time for other countries to possibly strike a deal.
  2. The announcement from the White House late in the week about the possibility of a spring meeting between our President and Kim Jong-Un, leader of North Korea. This news took our financial markets by surprise and the Dow Jones Index quickly rallied, moving up 800 points for the week.
  3. Currency markets were very active as the Euro rallied sharply against the Dollar during the early part of the week. Later in the week the Dollar and interest rates rallied as it appeared that a trade war may be avoided as the President was considering a compromise.

An interesting bullish incident happened on Friday in New York's CME commodity exchange Gold 100-ounce contract pits. Surprisingly, the trading volume was the highest for the entire week (336,967 contracts or 33.696 million ounces.) That rarely happens, as professional traders normally flatten out their holdings for the week on Friday, not wanting to be at risk over the weekend. This was very bullish for Gold because it closed up $2.30 per ounce, during the same timeframe that the Dow Jones was up 300 points, and both the U.S. Dollar and interest rates were moving higher.

Today: Gold dropped to $1,310 in early European trading on strong U.S. economic news and started the recovery in U.S. markets. Buyers were attracted at this price as the U.S. Dollar remained weak.

Back to top of report

 

SILVER

Last Friday, Silver hit a low of $16.27 per ounce when Gold initially dropped on the President's announcement about North Korea. Then, when Gold rallied, Silver showed excellent demand and Silver's rally displayed more strength, closing at $16.55 on good trading volume. Silver was up $0.15 for the week, driving the Silver/Gold ration to under 80-to-1. I continue to think we have seen the bottom for Silver this year and I look for Silver to trade between $16.50 and $17 for a bit, then move above the key $17 resistance level.

Today: Silver followed Gold lower, reaching support at the $16.40 area. Silver has quickly bounced back to above $16.50 per ounce.

Back to top of report

 

It's IRA investing time and we offer Precious Metal IRAs

Our company has a relationship with New Direction IRA. New Direction IRA is professional at setting up Precious Metal IRAs, arranging storage, and acting as the Trustee. If you would like to learn about Precious Metal IRAs and how to set one up, contact Stuppler & Company IRA department at 888-454-0444.

Back to top of report

 

Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 55%, Silver 35%, 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.

Back to top of report