GOLD 00.00 1.20 0.00%
SILVER 00.00 1.20 0.00%

THE MIKE FULJENZ METALS MARKET REPORT

 

Mike Fuljenz Weekly Report

June 2019 - Week 3 Edition

Gold Rose to a 14-Month High

Gold rose to a 14-month high of $1,344 on Friday (Flag Day).  After correcting to $1,325 mid-week, gold shot up $20 on Thursday and Friday over concerns about rising Middle East tensions and the sagging health of China’s economy.  Gold has now risen in 12 of its last 13 trading days, reaching its highest price since April 2018.

Read More

June 2019 - Week 2 Edition

The Prospects for Lower Global Interest Rates is Lifting Gold Prices

Interest rates have been near zero or below zero in much of Europe and Japan for five years and now rates are careening down in America, too, with the widely watched 10-year Treasury bond rate approaching 2%.

Read More

June 2019 - Week 1 Edition

A Short Summary of Why Gold is Going Up

Gold surged $45 in the last week from $1,280 to $1,325, and $55 in the last month. Gold is now at its highest price since last February. By comparison, the Dow Jones index fell 6.7% in May and the S&P 500 fell 6.6%, giving gold more than a 10% advantage over stocks in the last five weeks.

Read More

May 2019 - Week 4 Edition

Properly Submitting Collections for Maximizing Appraisals or Purchase Offers while Minimizing Appraisal Time

We have often been asked by individuals with large coin collections, or inheritors of such coin collections, to appraise those collections or to make an offer. In order to maximize your time and the appraiser/dealer’s time, here are some helpful tips to getting a fair and efficient appraisal.

Read More

May 2019 - Week 3 Edition

George Washington and Thomas Jefferson May Be in Danger of Historical Extinction

This week, I must write about something more urgent concerning our early Presidents – the possibility they will be “ghosted” from our historical memory and coinage by revisionists who don’t want any former slave owners’ names on any government buildings or programs.

Read More

May 2019 - Week 2 Edition

The Best Ability is Availability

“70% of success in life is showing up.” – Woody Allen

“80% of success is showing up.” – Woody Allen

“90% of success is just showing up.” – Woody Allen

Read More

May 2019 - Week 1 Edition

The Gold Silver Ratio is Now at a 27-Year High of 86-to-1

With silver now under $15, the gold/silver ratio has reached its highest point in the 21st Century.

Read More

April 2019 - Week 5 Edition

Silver is a “Double Play” Metal – an Industrial Metal and Precious Metal

The Silver Institute just came out with their supply and demand statistics for 2018.  Global silver demand hit a three-year high in 2018, surpassing one billion ounces after falling just short of one billion ounces in 2017. At the same time, global silver mine production fell for the third straight year.

Read More

April 2019 - Week 4 Edition

JPMorgan Reports Gold is Outperforming Stocks and Bonds in the 21st Century

Gold has been stable in the last few weeks and months, but it’s important to remember that gold is easily beating stocks, bonds and real estate so far in the 21st Century, and by a wide margin. The prestigious firm JPMorgan shows that gold soundly beat stocks, bonds and real estate since January 1, 1999.

Read More

April 2019 - Week 3 Edition

Legendary Billionaire Hedge Fund Legend Ray Dalio is Bullish on Gold

Ray Dalio, founder of the world's largest and most successful hedge fund, Bridgewater Associates, was featured on 60 Minutes last week. He also wrote a great new book on economic history, predicting a coming debt crisis, called, “Big Debt Crisis” (published November 2018).

Read More

April 2019 - Week 2 Edition

Gold Predicted to Reach $1,450 - $1,500 in 2019

Gold climbed back above $1,300 on Tuesday, April 9 and touched $1,310 on April 10.

Read More

April 2019 - Week 1 Edition

The Press Ignores a Troubled World Around Us

It’s fair to say that the majority of our national press has obsessed about President Trump and the Mueller report (even if polls show that the average American doesn’t care much about the subject!).

Read More

March 2019 - Week 4 Edition

Gold Predicted to Exceed $1,425 in 2019

Remember, Commerzbank predicted $1,500 gold in 2019 and Goldman Sachs predicted $1,425 gold by the end of 2019.  This would be great for the gold coin market.

Read More

March 2019 - Week 3 Edition

Gold returns to $1,300

Gold returned back above $1,300 last Wednesday March 13 and has remained above $1,300 since then.

Read More

March 2019 - Week 2 Edition

High Demand for American Silver Eagles Should Lead to Rare Coin Demand

I have noticed that the most widely-advertised coin by dealers across the country is the 1-ounce American Silver Eagle.  It is one of the most beautiful and accessible (low-priced) new coins for new customers to become exposed to the beauty, potential and history of rare coins.

Read More

March 2019 - Week 1 Edition

Silver is Up 11% from November 30 to February 28 – About 10 Times the Gains in Stocks

Silver has enjoyed a “stealth” bull market since last November.

Read More

February 2019 - Week 4 Edition

Gold Surpasses 10-Month High

Gold surpassed $1,345, a 10-month high last Wednesday before retreating to $1,322 Friday and then bouncing back to $1,330 over the weekend. 

 

Read More

February 2019 - Week 3 Edition

Gold Soars to a 9-Month High

Gold rose to a 9-month high of $1,327 on Monday, February 18. After reaching $1,323 on January 31, gold traded below $1,320 for the first half of February but rose above $1,320 on Friday. Silver has trailed gold so far in 2019, but if you go back just one month, silver is the star. Since November 30, silver is up 11.2%, gold is up 8.6% and the S&P 500 is up only 0.5%.

 

Read More

February 2019 - Week 2 Edition

Gold Holds Above $1,300

Gold has held above $1,300 every day since January 28, so $1,300 is a new technical “floor” under the metal, after two major assaults on $1,300 had failed in the previous eight months.

Read More

February 2019 - Week 1 Edition

Gold Rises for Four Conservative Months

Gold closed at $1,323.50 in London last Thursday, January 31, its highest close since May 11, 2018 and capping a 3.25% gain in January 2019.

Read More

January 2019 - Week 5 Edition

Gold Bursts Through its Technical “Ceiling” (Now a New Floor?) at $1,300

Gold leaped over $1,300 Friday morning as the U.S. Dollar Index (as measured against a basket of six leading foreign currencies) lost 1% of its value from mid-day Thursday to Friday’s close.

Read More

January 2019 - Week 4 Edition

IT’S A BOY - Dean Michael!

On Tuesday, January 22nd, I became a grandpa.  I will be called Pops but still do not know what Karen will be called.  She does not want to be called Grandma.  We have decided to let YOU help choose her name.  Please call your Account Manager with your grandmother name suggestions. 

Read More

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%.

Read More

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.

Read More

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%.

Read More

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.

Read More

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.

Read More

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%)

 

Read More

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.

 

Read More

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.

 

Read More

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.  

 

Read More

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.  

 

Read More

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 538.com, 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.

 

Read More

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.”

 

Read More

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.

 

Read More

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.

 

Read More

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.

 

Read More

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). 

 

Read More

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.”

Read More

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.

Read More

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

Read More

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

Read More

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.

Read More

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!

Read More

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.

Read More