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

Next Gold Bull Market Driven by Equity Correction

Duffy: "Gold Should be $5,000"

Gold Futures Jump After Yellen's Remarks

World Official Gold Holdings

 

This Week’s Headlines:

Gold
Silver
July 2017 CoinStats is now available
Rare Coin report
Recommended Investment Commitment and Diversification

 

GOLD

After reaching a low of $1,204 last Monday, Gold started on the road back to $1,300 per ounce. Gold closed Friday at $1,227.50 (the highest for the week), up $18 for the week. Gold and Silver’s move higher was helped by a combination of Janet Yellen’s congressional statement that “considerable uncertainty always attends the economic outlook,” and a disappointing June Consumer Price Index.

Last week’s testing of the important $1,200 support level was the third attempt to break this important support level since April, and Gold held all three times. Now, as Gold moves higher, reaching the important $1,300 resistance level by August will also be the third attempt since April to break this important resistance level. I believe the third attempt to break $1,300 will be successful, and Gold will build a base above $1,300 for the next move higher.

Today: Lower 10-year U.S. Bonds and a lower U.S. Dollar Index are helping Gold move above the $1,230 level today. With Gold on the road to a $1,300 resistance level in August, the next important short-term resistance level for Gold is $1,250 per ounce.

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SILVER

After reaching a 2017 low of $14.34 on July 7, last week Silver did find fresh buying and built a base above $15.60 per ounce all five trading days, as I mentioned in last week’s Market Report. Silver closed on Friday at $15.93 per ounce, up $0.51 for the week. Now, I believe Silver will quickly move back above the key $16 level this week and build a new base.

The Gold/Silver ratio has decreased to 77.04-to-1.

Today: Silver quickly moved above the $16 level today, reaching a high of $16.23 per ounce in early trading. Now, I look for a little consolidation above $16 for three to four trading days. This would allow fresh investor buying.

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July 2017 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 2017 and is now available. Six different series are available: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold 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 put the word CoinStats in the subject line and email me which of the six series you would like to see.

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Rare Coin report

Between July 31 and August 5, the largest rare coin convention of the year will be happening. The American Numismatic Association will be hosting the World’s Fair of Money in Denver, Colorado. This convention will have over one thousand rare coin dealers and tens of thousands of collectors/investors in attendance. My son David and I will be at booth #269. If you are in the area, please stop by and say “hi” and spend some time enjoying all of the interesting numismatic exhibits. I am updating our company’s master Want List and plan on being an aggressive buyer for investment quality U.S. Gold and Silver rarities. I recommend you update your numismatic want list and email it to me by Wednesday, July 26.

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Recommended Investment Commitment and Diversification:

Precious Metal commitment: Minimum of 30% of investment capital

Diversification:  Gold 50%, Silver 40%, 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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