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Metal Market Report December 2019 - Year End Edition

December 2019 - Year End Edition

Gold Closes 2019 on a Strong Up Move, Marking its Best Year Since 2010

Gold closed 2019 on a rise, above $1,515 per ounce, rising 18.6% for the year, locking in its best annual performance since 2010. The surge above $1,500 came on Christmas Eve as both stocks and gold staged a “Santa Claus Rally” which lasted through the end of the year. According to the Aden Sisters’ Aden Forecast, this means the latest “decline is likely over and gold is now embarking on a new rise. Gold’s next resistance levels are at $1,536 and $1,560. If gold rises above these levels, it’ll be super bullish.”

In the 20 years since the dawn of the New Millennium, gold has beaten stocks by a long shot:


This is why we always say it’s important to diversify your portfolio with a balance between stocks and precious metals and coins, including rare coins. With the stock market now at or near an all-time high, this would be a very auspicious time to re-balance your portfolio. Gold and rare gold coins have often historically performed very well in (1) Presidential election years, (2) years with impeachment threats, (3) when the stock market is collapsing and (4) during times of global crisis or war. The year 2020 could meet several of those criteria!

Gold Returned to $1,515

Gold returned to $1,515 (and silver to $17.88) after Christmas, as gold closes 2019 with its best year since 2010. Stocks had a better year. The dollar was strong early in the year, then weakened but it closed slightly up, so gold performed even better in terms of other global currencies, including a 21.2% gain in terms of the euro and +21.7% in terms of the Indian rupee. Over the weekend gold firmed up after U.S. forces conducted airstrikes in Iraq and Syria on Sunday linked to an Iranian-backed military rocket attack that killed an American contractor.


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