A-Mark’s Bullion Update

Yesterday, US New Home Sales came in at 504k on an annualized basis, much higher than the expectation of 432k.   It was the highest level of homes sales in the month of August in more than six years and on an annualized basis represented an 18% increase.  This all spelled good news for the USD in the overnight session while the precious metals took a hit.  The USD has now extended a four year high with improving economic data fueling … Read More »

Is Gold Poised to “Resume it’s Bull Market”?

From the Desk of Craig Griffin, President and Founder of ITM Trading Market Update September 12, 2014 The dollar has been surging as of late. Could the strong dollar be signaling a rise in interest rates? I don’t believe so. I think the economy is much too weak for interest rates to rise for any meaningful period of time. Yes, interest rates may move upwards for a short period, but rising rates and a strong dollar place pressure on U.S. … Read More »