A-Mark Bullion Update
The precious metals had an uninspiring trading day, taking some more time to consolidate this week after the last month’s plunge. Gold continues to find resistance and see steady offers around $1,100. This level has now more or less perfectly…
A-Mark Bullion Update
China has grabbed everyone’s attention this week with the Shanghai Composite equity index losing 8% on Sunday night. The equity market over there remains on tenuous ground and participants are wondering how long the government can keep the market afloat. …
A-Mark Bullion Update
In thin Asian trading conditions on Sunday night, gold plummeted $50 in a matter of two minutes. Over a million ounces traded on the electronic exchange in that time span with gold falling from $1,130 all the way down to…
A-Mark Bullion Update
Greek Prime Minister Alexis Tsipras accepted new proposals from creditors including stipulations for a EUR 50 billion sale of Greek assets and acceptance of a high level of domestic economic supervision by bailout monitors. The euro and gold immediately traded…
A-Mark Bullion Update
After a wild few days of trading, the Federal Open Market Committee minutes yesterday didn’t really provide any additional shocks to rattle the markets. The FOMC expects inflation to rise, unemployment to fall, and the economy’s equilibrium real interest rate…
A-Mark Bullion Update
With fears surrounding the Greek crisis at center stage this morning, the USD staged a rally against the euro as precious metals sank. Silver dropped over $1.00 (7%), platinum fell to a level it hadn’t seen in six years, and…
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