Asset Classes

Strategy Explained: Good Money Assets and Fiat Money Instruments Introduction Welcome to the Strategy Explained webinar series. I’m Lynette Zang, Chief Market Analyst at ITM Trading. In this series, I will be sharing MY educated opinions which are based upon history, technical data and fundamentals, as well as current events. If you’d like us to email you a resource list with links so you can do your own due diligence, just ask your precious metals consultant and they’ll get that … Read More »

A-Mark Bullion Update

Weak US Core Durable Goods Orders today caused the USD to lose ground against a basket of currencies. The lower USD and depressed treasury yields, combined with a falling stock market, ultimately translated to gold gaining 2%. Traders who had positioned themselves short were caught off guard and had to cover positions as gold surged. Near term resistance is coming in at $1,170, the high from August, while bids will now likely materialize around $1,140. Silver piggy backed on gold’s … Read More »

A-Mark Bullion Update

The Fed leaving rates unchanged last week seems to have already been forgotten.  Gold finished last week on a high note and pressing to break through resistance at $1,140.  But this week it has started off with a whimper and has backed off the $1,140 handle to trend lower.  The USD has gained ground against the euro amidst market speculation that the Fed will eventually raise rates later this year.  USD strength today, combined with liquidation in the stock market, … Read More »

A-Mark Bullion Update

Prior to the Fed’s meeting today, gold traded in an uninspired $7 range during the overnight and early NY trading sessions.  Traders were clearly on the sidelines and had trimmed positions ahead of the FOMC.  Once the Fed meeting finally started at 11 AM PST though, participants returned to the market and gold shot up 1%. The Federal Open Market Committee decided to not raise interest rates and had dovish overall remarks.  The recent financial turmoil in China, amongst other … Read More »

Money Trends

Welcome to the Strategy Explained webinar series. I’m Lynette Zang, Chief Market Analyst at ITM Trading since 2002. I’ve been in these markets on some level, since 1964 I’ve been a banker, a stock broker and studied currencies since 1987, so you could say that I’ve been groomed for this period of time. I believe strongly that everyone needs to have a basic understanding of the markets so that you can make educated choices on your own. Basic common identifiable … Read More »

A-Mark Bullion Update

Over the past two trading days, gold has traded in an unremarkable $9 range.  A part of this dull trading activity may have been attributed to the Rosh Hashanah holiday, but it is predominantly due to market participants trimming positions ahead of the FOMC on Thursday.  Volume of the December Comex gold contract for each of the last two days sat at just over 74,000 contracts, easily the smallest volume days since it became the actively traded contract at the … Read More »

A-Mark Bullion Update

Yesterday, a global equity rally and a stronger USD caused gold to trade lower for the fifth day in a row. Asian equities, led by Japan, started the session off in a positive direction.  By the time the US time zone was reached, US bourses trended lower but bond yields rose which weighed on the yellow metal though.  Stops in gold were triggered around $1,115 which encouraged further selling pressure.  Gold lost 1.75% on the day before ultimately finding bids … Read More »

A-Mark Bullion Update

The Dow Jones had its second biggest up day of the year and finished up nearly 400 points (2.40%) today.  US participants came back from the long holiday weekend with optimistic sentiments, particularly encouraged by expectations for additional economic stimulus measures from Chinese authorities.  Weak export data in China fueled chatter of stimulus measures which also caused Chinese equities to rise.  The risk-on sentiment in global equities today translated to traders exiting long positions in gold.  The yellow metal trended … Read More »

A-Mark Bullion Update

The wild start for the financial markets earlier in the week has calmed quite a bit as the week has progressed. The VIX index has move steadily lower and gold has sold off the last few days as equities have stabilized.  China being off the grid overnight to celebrate its Victory national holiday certainly helped the markets consolidate. With China out, volume on the Comex exchange for December gold was light at just over 100,000 lots traded.  The short term … Read More »

A-Mark Bullion Update

The Dow is down 500 points.  The Vix index is up 11%.  Commodities, as a whole, are a sea of red with crude oil down nearly 10%.  Any feelings of comfort that the stock market recovery at the end of last week inspired have evaporated today.  Gold is bucking the trend of the commodities sell off today and has managed to catch some safe haven bids.  Palladium, a more industrial metal, has not been as lucky as gold and is … Read More »