A-Mark Bullion Update

Winter storm Juno paralyzed New York but even with many banks and funds not making it to the office today in the Big Apple, the precious metals still managed to show signs of life and all four are up on the day.   US equities were down sharply today due to disappointing earnings from bellwether companies like Microsoft and Caterpillar while US Durable Good Orders had a sharp drop.  The Dow was down 350 points during its session before ultimately rallying … Read More »

The Potential And Realized Risks Of Holding An IRA

There are always risks involved when making long-term plans, especially when those plans center around money and an uncertain future. The truth is we as Americans tend to plan for the future we want and not necessarily for the future we will have.  Those who truly think ahead plan for unfortunate events and the costs that come with them. Those that study the past before they look into the future have an edge because they may be able to avoid … Read More »

More Common Questions And Their Answers About Converting A Traditional IRA Into A Gold Backed IRA

During my time as a Senior Analyst at ITM Trading, I helped some of my clients rollover their Traditional or Simple IRA’s (Individual Retirement Accounts) into what is known as a Self Directed IRA that can hold approved forms of gold bullion, in addition to other types of physical investments such as real estate or rental properties. These clients always had a myriad of questions to be answered. The job of a Senior Analyst at ITM Trading encompasses many responsibilities, … Read More »

Common Questions And Their Answers About Converting A Traditional IRA Into A Gold Backed IRA

This article-blog is a companion piece to a few of the most recent article-blogs about Individual Retirement Accounts here on the ITM Trading web site. Perhaps you read a few of these articles and after realizing that a traditional IRA full of dollar denominated debt assets is not only a volatile and dangerous way to try and save for your retirement, you are considering rolling your current IRA into a self directed gold backed IRA. If these thoughts are crossing … Read More »

How Much Should I Contribute To My Individual Retirement Account (IRA) ?

First of all, let me state that this article-blog is meant to inform you and get you to think critically at the same time. Every long term financial plan should be carefully thought out and researched, the pros and cons as well as the risks and costs listed, and of course not everyone’s situation is the same, so personal goals, needs, and risk comfort levels should be entered into the equation as well before solid answers can be found. Please … Read More »

Why A Gold IRA?

If you already have an IRA, or an Individual Retirement Account, chances are that you don’t exactly know what type of financial assets you are holding in this account. One thing is certain however, you are being charged a fee, at least annually, on the assets you hold within the account. Usually an IRA holds paper assets such as stocks and bonds, an annuity, or mutual funds. Many of these may have not only high costs but also high amounts … Read More »

A-Mark Bullion Update

With the US out yesterday for Martin Luther King, Jr. Day, the markets were quiet and gold took a brief pause from its recent rally.  That rally has resumed in full force today though and the yellow metal is pressing against $1,300 for the first time since August of 2014.  Gold is still feeling the effects of last week’s news of the Swiss National Bank ending the CHF’s cap against the euro and the central bank deepening negative interest rates.  … Read More »

A-Mark Bullion Update

Just when it looked like gold had exhausted its move to the upside, an entirely unexpected market event gave it new legs in today’s trading session.  A shocking move from the Swiss National Bank reignited markets fears and caused investors to flock to the safe haven appeal of gold.  Switzerland’s central bank abandoned its long-standing floor against the euro which spurred double digit reactions in the CHF and EURCHF, colossal intraday moves for currencies.   The SNB also cut its interest … Read More »

A-Mark’s Bullion Update

Crude oil is approaching six year lows, the USD is stronger, and the Dow Jones is up 200 points… under normal circumstances, this would mean the precious complex would be trading lower.  All four are trading higher today though.  Gold is breaking out to the upside and hit twelve week highs today.  Since breaking through a long term down trendline dating back to October of 2012 two days ago, gold hasn’t looked back.  It is up for the third day … Read More »

A-Mark’s Bullion Update

As go the USD and equities, the opposite go the precious metals.  The Dow Jones held its 100 day moving average perfectly two days ago and it hasn’t looked back since.  Positive US data yesterday has allowed the Dow to extend gains with it up over 315 points in today’s session thus far.  Gold was essentially stopped in its tracks on Tuesday at $1,220 as sellers emerged around a seven point trendline stemming back from October of 2012.  Gold has … Read More »