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Mike Fuljenz Weekly Report

January 2019 - Week 3 Edition

 Political Crises in Britain and America are Sending Gold Up

Gold remained above $1,290 most of last week, including a $1,292.80 morning fixing in London on Friday, but the London pm fixing was $1,288.95, and the U.S. close was around $1,287. On Monday morning, January 14, gold shot up again past $1,290, reaching $1,295 before retreating to $1,292. Since November 30, 2018, Gold is up 6% and Silver is up 10%, while stocks are down about 6%.

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January 2019 - Week 2 Edition

Gold Starts Year Strongly

Gold remained above $1,280 in the first week of the year, starting the year strongly, while stocks remained in their erratic pattern of falling rapidly (down 660 Dow points on Thursday), then recovering on some good news the next day. Gold has become far more stable than stocks as well as more profitable over the last three months. Silver performed even better last week, up over 25-cents (+1.65%) to $15.72.

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January 2019 - Week 1 Edition

Gold Scores Large Advantage over Stocks in the Fourth Quarter of 2018

Gold closed 2018 at its highest price since June 15th, moving in the opposite direction of stocks, which fell the most of any December since 1931.  During the fourth quarter, the S&P 500 lost 14% while gold gained 8%.

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December 2018 - Week 4 Edition

Jim Cramer (and Others) Say "Buy Gold"

With stocks falling on a regular basis, investors are seeking shelter. Last week, Mad Money's Jim Cramer predicted a gold bull market ahead. He said this market reminded him of 2007, when the Federal Reserve was not listening to the reality of the world around them but kept raising rates. He's not alone in his concerns.

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December 2018 - Week 3 Edition

Gold is Up 5%

During the Fourth Quarter (since September 30), Gold is up 5%, while the Dow Jones Industrial index is down 11% and the broader S&P 500 is down 12.6%, so gold has outperformed the S&P 500 by 17.6% since September 30.

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December 2018 - Week 2 Edition

Gold and Silver Rise on Prospects of the Fed Stopping Rate Increases

Gold rose $25 last week to reach $1,248 for the first time since July 11.  Silver rose 48-cents (+3.4%) for the week. Stocks went in the other direction, with the Dow Jones Industrials falling 1,150 points (-4.5%)


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December 2018 - Week 1 Edition

The Cohen Testimony Pushes Some Democrats Closer to Impeachment

Last week, court documents were made public by special counsel Robert S. Mueller III detailing new allegations against Michael Cohen, the president’s former lawyer, saying that he was the negotiator at the Trump Organization pursuing a deal for a Moscow business venture, while Trump was running for President.


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November 2018 - Week 4 Edition

The Stock Market Suffered its Third Worst October-November Since 1946

We have been saying since August that this is the perfect time to take some stock profits off the table and put some of that money into gold and silver bullion coins and rare coins.


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November 2018 - Week 3 Edition

How Might Gold, Stocks and Rare Coins Perform During another Long Impeachment Process?

When that happened, the stock market peaked in early 1973 and went into its worst bear market of the postwar era (and the worst we’d see until 2008-09), while gold began its longest and strongest bull market, with rare coins leveraging those gains with one of its strongest bull markets.  


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November 2018 - Week 2 Edition

Silver Reaches “Double Bottom” Buying Territory

Silver has reached a “double bottom” price pattern at or below $14. Technical chartists call a “double bottom” a very bullish pattern in which a stock or commodity sets a double bottom separated by an interim peak.  


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November 2018 - Week 1 Edition

Purple Elections

The elections came out “purple,” with no massive “Blue wave” for the Democrats. The Republicans gained two Senate seats, as expected, and the Democrats gained 30 House seats to take control there, but that was about 10 seats fewer than the pundits, like, had expected. President Trump says he looks forward to working with the Democratic House and Nancy Pelosi as Speaker, and that is probably true, as she has pledged not to seek impeachment, and Trump had faced a series of problems working with Paul Ryan’s House during his first two years, getting cooperation on tax reform, but he was opposed on repealing Obamacare, building a border Wall and other projects.


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October 2018 - Week 5 Edition

How to Target the Right Coins and Get Ahead of Demand Using Intersecting Circles

When I used to teach school, I knew I could capture the attention of young children by drawing three intersecting circles. Even today, when speaking with adults, the same lesson works, only adults like to call them “Venn Diagrams.”


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October 2018 - Week 4 Edition

Notes from My Participation in the Latest U.S. Mint Forum

Last Wednesday, October 17, I attended an all-day U.S. Mint Forum held at the Bureau of Engraving and Printing (BEP) in Washington, D.C.  About 50 prominent members of the numismatic community gathered to listen to, and provide input to a group of very receptive U.S. Mint and BEP staff and leaders.


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October 2018 - Week 3 Edition

An Uncertain Election Outcome Should be Good for Gold, Scary for Stocks

Right now, the smart money (and most polls) predict that the Senate will remain narrowly in Republican hands while the House of Representatives will likely switch from Republican to Democratic control. We don’t know for certain this will happen – polls misled us twice in 2016 with “Brexit” and Trump – but if the House comes under Democratic control, the unrest in our nation today may look tame by comparison.


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October 2018 - Week 2 Edition

It’s Time to Start Planning Some Special Gifts for the Holiday Season!

Last year, my wife Karen and I went to hear Wynonna Judd and the Big Noise in her excellent Christmas show. It got me to thinking about a new way of giving gifts as the holidays approach.


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October 2018 - Week 1 Edition

5 Major Reasons to Own Silver Now

Silver is Down more than Gold, but Silver Rises Faster than Gold. Silver is like “gold on steroids” once gold starts rising again. In the 1970s, gold rose 24-fold, from $35 to $850, but silver rose 39-fold, from $1.29 to $50. Again, from 2001 to 2011, gold rose 650% (from $255 to $1,920) while silver rose 1,100% (from $4.06 to $48.70). 


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September 2018 - Week 4 Edition

Barron’s “Rediscovers” Gold

The current (September 24, 2018) edition of Barron’s features a cover article, “Rediscovering Gold,” which features a line drawing of a lone Western cowboy pausing before a stack of gold bullion bars with a purple sunset in the background. The cover subtitle is “Why the out-of-favor metal should be part of your investment portfolio.”

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September 2018 - Week 3 Edition

Why We Stand for the Flag and the Anthem

After marking the anniversary of 9-11 last week, this week marks another meaningful date in American history. September 17 was U.S. Citizenship Day as well as Constitution Day. Under either name, it marks the date in 1787 when the U.S. Constitution was signed by 38 of the 41 delegates at the Constitutional Convention in Philadelphia and the date in 1796 when President George Washington’s Farewell Address was read before Congress.

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September 2018 - Week 2 Edition

2018 Silver American Eagles are so “Hot, Hot, Hot,” They’ve Sold Out

We reported last week that over 1.5 million Silver American Eagles were sold in August. This week, we learned that Silver American Eagle sales shot up so rapidly in the first week of September that the U.S. Mint had to temporarily halt sales due to a depletion of inventories.


Right now, the hottest trend in the numismatic world is coins with low populations near the “best seen” in their category

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September 2018 - Week 1 Edition

Lower Population Coins are “Hot, Hot, Hot!”

Right now, the hottest trend in the numismatic world is coins with low populations near the “best seen” in their category

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August 2018 - Week 4 Edition

Highlights from My Latest Media Interview

Last week, I was interviewed by a major industry publication, first on gold and then on the coin market.

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August 2018 - Week 3 Edition

Report from “The World’s Fair of Money” in Philadelphia

At the site of America’s first national Mint, I am always able to meet with the movers and shakers in our industry, as well as those who run the Mint and print our money.  For instance, Len Olijar, Director of the Treasury Department’s Bureau of Engraving and Printing (BEP) humorously introduced himself by saying “I make $840 million a day,” referring to the amount of paper money he prints each day!

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August 2018 - Week 2 Edition

Will Gold Bounce Back Five Times Faster than Usual This Time?

It’s discouraging to see gold fall 1.5% in one day, reaching a new 52-week low and falling below $1,200, but historically these sorts of sharp declines have led to above-average returns over the next one to three months. In fact, returns have been five times better than the average returns over those same time spans.

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August 2018 - Week 1 Edition

The U.S. Economy is Doing Well – Creating More Demand for Special Coins

As I’ve written before, five billionaires have already jumped into the coin market with both feet, and I think they’re ahead of the curve in doing this. Don’t wait for the next big move in gold. Do what the billionaires are doing!  Call us today!

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July 2018 - Week 5 Edition

Goldman Sachs Stands By its $1,450 Gold Target for 2019

Standing firm against the mainstream’s bearish views on gold, Goldman Sachs is sticking with its $1,450 gold price projection for 2019 – a price level not seen since May 9, 2013.  Goldman is also taking a contrarian position on the entire commodities sector, which has fallen on hard times this year.

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July 2018 - Week 4 Edition

Buy the Bargains Now, So You May Double Your Money Later

Similarly, gold looks to be depressed now. The dollar has been up and gold has been down but I, like J. P. Morgan and Commerzbank, see what’s coming, just like I saw quality lakefront property before the boom.  In past reports, we’ve shown how the national debt is rising to over a trillion a year again, how gold is becoming harder to find and to excavate and how the fall and winter are the best times for gold.

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July 2018 - Week 3 Edition

Bitcoin can be Dangerous to Own – It’s Down 63% in Price and Subject to Theft and Fraud

The price for a single Bitcoin peaked at $19,783.21 on December 17, 2017.  Yesterday, the quoted price was $7,317.41, down 63% in seven months.

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July 2018 - Week 2 Edition

U.S. Budget Deficits Begin to Soar Again – Putting Pressure on the Dollar

The big financial news in the second quarter was that the U.S. dollar rallied, sending gold down, but the dollar rally can’t be sustained with deficits sharply rising and long-term interest rates falling.

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July 2018 - Week 1 Edition

Commerzbank Predicts $1500 Gold and $20 Silver in 2019

Germany's Commerzbank regards gold's current price weakness as "temporary," adding that "gold should turn positive once the dollar strength starts to fade."

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June 2018 - Week 4 Edition

Billionaires Bid Up Top-End Rare Coins, Helping the Entire Rare Coin Market

Watching the coin market these days is a little bit like watching “Clash of the Titans,” witnessing multiple billionaire buyers competing for the top-tier coins that turn up in the marketplace.

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June 2018 - Week 3 Edition

Billionaires in the Coin Market -- Part 3 (Coming Soon)

In May, I wrote about how a select few billionaires had helped to keep the gold bullion market rising through their ETF purchases for their hedge funds, while a separate group of very-rich billionaires have entered the rare coin market to compete for high-quality rare coins, creating a resurgence in demand for many coins trading from $5,000 and up.

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June 2018 - Week 2 Edition

The Silver American Eagle – A Perfect “Flag Day” Purchase

With America’s Flag Day coming this Thursday, the classic design of the Silver American Eagle makes the perfect gift, keepsake and reminder of America’s greatness – and also a preferred investment in silver

Sales of American Eagle Gold coins had been fairly slow for the first four months of 2018, but the U.S. Mint just reported that sales soared by a whopping 433% in May compared with April. 

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June 2018 - Week 1 Edition

U.S. Mint Gold Sales Suddenly Soar in May

Sales of American Eagle Gold coins had been fairly slow for the first four months of 2018, but the U.S. Mint just reported that sales soared by a whopping 433% in May compared with April. 

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May 2018 - Week 5 Edition

This is the Time of Year to Buy Gold (and Sell Stocks)

Gold and stocks tend to move in opposite directions – one zigs while the other zags.  Stocks tend to rise in the first half of the year and gold in the second half.

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May 2018 - Week 4 Edition

This is the Best Buying Opportunity of the Year for Gold

Gold will not likely recover rapidly, but gold’s best months come in the fall, so the summer months give investors a good time to accumulate gold.

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May 2018 - Week 3 Edition

A Few Billionaires (the Smart Ones) Still Prefer Gold

Last week, I told you about a handful of billionaires entering the U.S. rare coin market lately, including two seeking the best-of-kind sets, as well as an Egyptian multi-billionaire putting half of his $5.7 billion net worth into gold.

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May 2018 - Week 2 Edition

Coin-Buying Billionaires Competing for “Best of Breed” Coin Sets

An old adage is that coin collecting is “The Hobby of Kings,” since only kings could afford (or have the power to seize) the top quality of rare coins made of precious metals. Today, that slogan has changed to become “The Collector is King,” with the serious collector of rare coins driving the up price of coins.

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May 2018 - Week 1 Edition

Q&A with Dr. Mike Fuljenz America’s Gold Expert® on Gold Recovered from the SS Central America

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April 2018 - Week 4 Edition

Higher Inflation and Interest Rates are Coming – and That’s GOOD for Gold

Gold’s biggest bull market came from 1976 to 1980, when inflation and interest rates were soaring to their highest levels in the 20th century.

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April 2018 - Week 3 Edition

Gold Reaches a 20-Month High After a Confrontational Presidential “Tweet” on April 11

Last Wednesday, April 11, President Trump issued an advance warning of his air strike on Syria. Gold futures shot up to an intraday high of $1,369.30, marking gold’s highest price since August of 2016, when gold reached $1,375. 

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April 2018 - Week 2 Edition

Gold Up Nearly 3% in 2018

Gold rose $8 last week and is up nearly 3% for the year while the Dow Jones index is down 3% for the year through last Friday. Since Y2K, gold is up 3.3 times more than the Dow and 4.7 times more than the S&P 500.

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April 2018 - Week 1 Edition

More Q&A about the Coins from the SS Central America

Why were some coins from other U.S. branch mints found in the SS Central America wreckage?

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March 2018 - Week 4 Edition

Q&A with Dr. Mike Fuljenz on Gold Recovered from the SS Central America

These coins were first recovered in 1988, so why has it taken so long for them to come to market?

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March 2018 - Week 3 Edition

“Ship of Gold” Stories Behind Some of the Buried Gold – as Told by the Survivors

I thought I would share some of the dramatic stories of the survivors of the SS Central America’s 1857 sinking, as it relates to the gold which they and others held on board that ship – and the harrowing decisions they had to make as the ship was sinking.

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March 2018 - Week 2 Edition

Tariffs Could Spark Trade Wars and Make Gold a Winner

On March 1, President Trump announced 25% tariffs on imported steel and 10% tariffs on imported aluminum.

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March 2018 - Week 1 Edition

Many Classic Double-Eagles are Being Thrown into the Melting Pot

The population of classic MS61 or lower-grade Double Eagle gold coins is shrinking.

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February 2018 - Week 4 Edition

The “Ship of Gold” Treasure Is Now Available in 2018

By Dr. Michael Fuljenz, America’s Gold Expert®

Nothing excites the public more than finding shipwreck gold. When I was 12, I had a metal detector and entertained dreams of finding some of the buried treasure of Jean Lafitte and other pirates who haunted the bayous of Southwest Louisiana.  But there is no ship more famous than the United States Mail Steamship Company’s SS Central America, which in 1857 carried tons of gold worth over $2 million dollars, at $20.67 an ounce, and 38,000 pieces of U.S. mail.

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February 2018 - Week 3 Edition

“The Ghost of Inflation Reappears” – Barron’s, February 19, 2018

Gold rose to $1,355 last Thursday, based on the high inflation readings but it settled down to $1,347 by Friday.  At the same time, 10-year U.S. Treasury bonds reached 2.9% yields – up from 2.4% at the start of 2018.  Stocks also recovered, but they are still trailing gold in 2018. When you combine rising inflation (at a 6% annual rate) with Treasury yields rising at a slower rate, you get a negative “real” rate of return, which is leading to a decline in the U.S. dollar and a corresponding increase in the price of gold.

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February 2018 - Week 2 Edition

Gold Recovered Strongly

Gold recovered strongly, while the stock market is still slightly below zero, despite a strong recovery on Monday.  As of last Friday, the S&P 500 had fallen 11.8% from its peak just two weeks before.  As a result of that sharp collapse in stocks, some investors had to sell their gold (or other appreciating assets) in order to meet margin calls on their leveraged stock investments. That’s why gold fell a bit late last week, before recovering strongly on Monday and Tuesday. In the 18+ years since the start of the new century, gold is up 359% vs. only 114% for the Dow Jones stock index and 81% for the S&P 500.

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February 2018 - Week 1 Edition

We’re Right on Schedule for “The Year of the Gold Coin”

Gold and stocks both fell last week but stocks fell further, shocking investors with a 666-point drop in the Dow Jones Industrials last Friday and then an even more shocking 1,175-point drop on Monday.  In the last six trading days, the Dow dropped 2,270 points (-8.5%). The stock market was overdue for a correction, so traders were looking for a reason to sell stocks, but the proximate reasons cited last Friday were low sales of Apple X phones and the publication of a controversial political memo about the FBI. Meanwhile, gold and silver rose on Monday, while stocks were suffering their sharpest decline in years.

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January 2018 - Week 5 Edition

With Gold Closing in on $1,400 – Can it Reach $1,500 in 2018?

Gold reached a 17-month high last Thursday, touching $1,365 after U.S. Treasury Secretary Steven Mnuchin told the World Economic Forum in Davos, Switzerland that the U.S. welcomed a weaker U.S. dollar to boost U.S. exports.  In part, he said “Obviously a weaker dollar is good for us as it relates to trade and opportunities” and blithely added that the dollar’s weakness is “not a concern of ours at all.” Commerce Secretary Wilbur Ross basically echoed Mnuchin’s comments. Gold rose to within $1 of a two-year high (at $1,366, set in July 2016).  Going into Davos, the dollar was already at a three-year low.  Silver rose by 50 cents (+3%) through Thursday last week, the biggest percent rise of the precious metals.

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January 2018 - Week 4 Edition

Bitcoin Falls 53% in One Month!

In the last month, gold is up $95, and Bitcoin is down $9,500!  The first official trading of Bitcoin in America was introduced on the Chicago Board Options Exchange (CBOE) on December 10, 2017. Less than a week later, we saw the bubble peak of Bitcoin prices at $19,870.62 on December 16.  (Unlike most financial markets, Bitcoin trades 24/7 around the world, somewhere, electronically, including weekends.)

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