Precious Metals Market Update
January 17, 2012 – Gold and silver look to build on gains from overseas trading as U.S. markets reopen following the federal holiday.
Precious metals gained for the second week in a row last week. Gold rose about $12 during the week and has put on more than $25 so far in this week's trading, currently at $1,669/oz. Silver gained almost $1 last week and continues to rise this week into the $30.50/oz. range.
Fears of power outages in South Africa (where most platinum is mined) ignited a rally in platinum, which has risen $120 since its close on January 6th. It is currently trading above $1530/oz. Palladium is also up strongly, trading above $650/oz.
For those who follow the charts, gold has broken above important resistance at $1,650 – and it will really have a chance to get going to the upside if it can clear $1,680. Silver needs to see some daily closes above $30/oz and then needs to get above $32.50 to confirm this rally has legs.
Metals Continue to Trade Like Stocks,
But For How Long? Standard and Poor's downgraded the debt of 9 European nations on Friday. This made for big headlines, and it appears to have given some support to the precious metals.
The futures markets continue to be dominated by traders focused upon the short term. Silver, in particular, is trading more like a "risk" asset, similar to equities. Bad news often triggers a market-wide selling of "risk" assets and buying of US dollars and Treasuries.
The U.S. dollar made a new 52-week high last week, and Treasury yields are near all-time, record lows. Yet pundits continue to characterize precious metal markets with the word "bubble." Given the shambles of our nation's finances and the Fed's propensity to print, Independent Living believes the U.S. bond market is forming the mother of all bubbles.
Time to Overweight Silver
The gold / silver ratio has been hovering around 55 in recent weeks. This ratio reached the low 30's when silver made its highs in April 2011 -- the lowest ratio seen in nearly three decades. Independent Living has often noted that the historical average on this ratio is closer to 16, and we fully expect the ratio to return to this level before the bull market in precious metals has run its course. We think investors should favor silver here.
Premiums and Buying Trends
It was relatively quiet in terms of trading volume at Independent Living Bullion last week. Sales of gold were almost equivalent to sales of silver. And once again, buying far outweighed selling activity.
Premiums remain stable, with very little change over the past 3 weeks. Most items are in stock and available to ship promptly, including pre-1965 "junk" coins which were in short supply a few weeks ago.
2012 silver American Eagles have arrived in inventory. We still have the 2011 variety coming in as well, so please make sure and let us know if it is important to you to have the 2012s when you order.
We Buy Back Too!
We want customers to know that Independent Living Bullion is here to buy back gold, silver, platinum, and palladium in the common bullion forms. We certainly don't advocate selling at this time, as we think the bull market in metals has years left to run. However, if you decide to sell for whatever reason, we can lock a price with you right over the phone, deliver a purchase order to confirm the transaction, and send your payment promptly after we receive the metal. You will find we are as easy to deal with when you sell as we are when you buy!
Call Independent Living Bullion to Buy or
Sell Precious Metals Coins, Bars, and Rounds – 1-800-800-1865. Dump the Shady
Banking Cartel: Adopting Your Own Personal "Gold Standard" Is Easier Than You Think...
Unless you already have a systematic plan to diversify your assets out of the shrinking U.S. dollar (and few do) –
you NEED to jump on this information right now... Dear Valued Reader,
Today I'd like to share with you a simple plan we've created to help you safely and methodically increase your personal level of asset protection using gold and silver bullion.
Frankly, it's vital you start shifting a portion of your assets into the safety of physical gold and silver IMMEDIATELY.
Even the government's own rigged inflation numbers now confirm that $100,000 sitting in a conventional no-yield savings account loses roughly $3,400 in purchasing power every year. That's one heck of a "reward" for having built up and socked away that much cash. And the inflation numbers could soon worsen!
In stark contrast, over the last 12 months, an equivalent $100,000 holding in gold would have gained $16,400, even after taking into account the price weakness seen in late 2011. Over 24 months, a gain of $43,500. And over 36 months, a $82,500 nominal gain!
All the corrections, market manipulation, and other noise aside, central banks continue to paper over global economic problems by creating currency units (dollars, euros, etc.) like there is no tomorrow. You had better act quickly to secure a substantial position in precious metals and implement a plan to grow it over time...
In a matter of just a few minutes, I can help you protect your money from being eroded away. It's actually quite simple to adopt your own gold (and silver) standard!
Introducing Independent Living Bullion's
Monthly Silver and Gold Accumulation Plan Our Monthly Silver and Gold Accumulation Plan is designed to enable you to get the most precious metals for your paper dollar – month in and month out. And because dollar-cost averaging is built right into the plan, you smooth out some of the volatility that naturally occurs in gold and silver prices over time.
"The Monthly Accumulation Plan gives you the discipline necessary for good management of your resources."
– Stuart L., an ILB customer, Washington state By participating in Independent Living Bullion's Monthly Gold and Silver Accumulation Plan, you can ride the precious metals bull market without the stress of trying to precisely time the market. In addition, you can claim up to two-thirds off our standard shipping and insurance rates and even some free silver – just for signing up!
Simply complete your enrollment and look forward to hassle-free precious metals investing, because everything is automatic. You establish a monthly purchase date of your choosing and just let things run on autopilot, until you decide you want to make a change. If you're still relatively new to precious metals, the Monthly Accumulation Plan allows you to get your feet wet and enter the market safely and smartly. It takes the emotion out of it.
Listen to what Independent Living Bullion customers have to say about our Monthly Silver and Gold Accumulation Plan:
High Satisfaction, Professional
and Courteous Staff "As a member of your Monthly Accumulation Plan, I am very satisfied with your company. All my contacts with your staff have been professional and courteous. You are my Favorite!"
– Richard G., Washington It's So Excellent I Told All My Friends...
"I have had excellent experiences in dealing with Independent Living Bullion personnel. I have made many referrals and two of my referrals have enrolled in the Monthly Accumulation Plan."
– Michael F., New York The Best Way to Buy Silver!
"I consider the Independent Living's Monthly Accumulation Plan to be the best way to buy silver."
– Tim P., Texas Cold, Hard Precious Metals
with a Big Smile "I have been in the Monthly Accumulation Plan for approximately 5 months and I have made 2 separate orders. So far, I have been pleased with the specialists and all the other people I have spoken to on the phone. Everyone acts very professional and courteous! (Some have a great sense of humor!!)"
– Mark C., New York The minimum to get started is only $150 a month. This amount fits most budgets, yet it's meaningful enough to grow a nice stash of cold, hard gold and silver in just a few months' time.
When you receive your first shipment of gold and silver under this program, you'll quickly realize the Monthly Accumulation Plan enables you to accomplish even more...
Most importantly, you are in complete control of your Monthly Gold and Silver Accumulation Plan. If your personal asset protection goals become more ambitious, you can raise your purchase amount. You can adjust it each month, put it on hold, or cancel at any time. You may purchase gold or silver – or purchase both.
It only takes 2-3 minutes to enroll, and if you join the program today, I'll send you a half-ounce silver round, FREE!
If you don't like to fill out forms or simply want to talk to one of our precious metals specialists, call us toll-free at 1-800-800-1865. We'll be glad to fill out the form per your instructions and send you a copy for your verification.
No bank account or credit card is even required to get started (unless you prefer). We can certainly just invoice you each month. Most folks, however, prefer to have their bank account debited for a fixed amount each month because that way purchases happen automatically and on schedule.
Hundreds of satisfied Monthly Accumulation Plan customers agree that Independent Living Bullion's system is safe, secure, and gives them the combination of control, easy accumulation, and automatic dollar-cost averaging that they can't find anywhere else.
Create your account today by filling out this simple online form, get on your own gold and silver standard, protect your buying power, save in real money... and pick up the free half-ounce silver round as a special bonus!
Earnestly,
![]() Stefan Gleason, President Independent Living Bullion American Lantern Press
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