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A-Mark Bullion Update

Gold had been working its way higher for about a week but found steady offers for three consecutive days around the $1,220 area.  The failure to break through this level encouraged fresh shorts to enter the market, propelling it lower over the past two trading days.  Gold shorts were also encouraged to add to positions … Continue reading


A-Mark Bullion Update

Overnight data showed that net gold imports from Hong Kong to China jumped from a three month low in December of 71.4 tons up to 76.1 tons in January. This is a common occurrence in January as demand increases ahead of the Lunar New Year and the release of the data last night gave gold … Continue reading


A-Mark Bullion Update

The overnight session was painfully quiet.  Volume on the electronic exchange was dismal with participants on the sidelines due to the Chinese holiday and anxiety over FOMC Chair Yellen’s congressional testimony on the US economy today.  The precious metals slid quietly lower overnight in the absence of physical demand.  The easing of Greek debt funding … Continue reading


A-Mark Bullion Update

The precious metals were looking weak for the majority of the trading session yesterday and then the FOMC minutes prompted a reversal of course. The Federal Open Market Committee January minutes implied that a majority of members are still of the mindset to keep rates unchanged for longer than expected. The committee considered such factors … Continue reading


A-Mark Bullion Update

The US market has returned from the long Presidents’ Day weekend to find all four precious metals breaking down.  Seemingly friendly news for the precious metals out of Europe was not enough to combat technical selling and developments in China.  In Brussels, the Greek Finance Minister refused to request an extension of his country’s existing … Continue reading