A-Mark Bullion Update

In the overnight session, a European Central Bank board member said that the central bank would front load its purchases in bond buying to May and June.  The accelerated quantitative easing program caused the euro to lose ground against the USD.  As the New York session began, the euro tumbled even more with the release of strong US economic data.  New construction on homes surged 20% in April, the fastest increase since late 2007.  The positive housing data encouraged participants … Read More »

A-Mark Bullion Update

Yesterday, US retail sales figures disappointed and the USD index hit lows it hadn’t seen since February.  With stops being triggered at the psychological level of $1,200, gold was able to explode upwards before making a high on the day at the 200 day moving average of $1,217.80.  Weak US PPI figures this morning have provided extra legs for gold and it is now firmly above its 200 DMA.  The disappointing US data over the past few days indicates less … Read More »