A-Mark Bullion Update

9/30/2016 Chinese gold imports from Hong Kong totaled 1.64 million ounces in August, down 15% from the same period last year.  The figure is the lowest monthly import of the year and represents a 45% drop from the 2.9 million ounces imported in July.  Gold trading at multi-year highs has quelled the appetite of the world’s largest gold consuming country this year.  With China heading to a one week holiday in a few days, buying out of Asia should drop … Read More »

A-Mark Bullion Update

For three consecutive days leading up to last night’s highly anticipated presidential debate, gold traded in an uninspired $13 range.  Market participants had taken chips off the table with the expectation that a clear winner of the debate could potentially cause a knee jerk reaction in other markets.  While most polls had Hillary Clinton slightly winning last night, the market was largely disappointed with the debate overall.  Gold traded in only a $6 range during the debate and then with … Read More »

Deutsche Bank on the Brink

Presented by: Lynette Zang Chief Market Analyst, ITM Trading Lynette Zang is onto something. Lynette is the Chief Market Analyst at ITM Trading. She has a gift for translating data into usable information. In fact, Lynette has made this her mission. Recently, Lynette has been gathering data about the Deutsche Bank problems that seem to be compounding. Decoding and understanding the figures and numbers surrounding world finance and shady economic dealings is not quick and easy. Fortunately for us, the … Read More »

If Everything is so Bad Why is the Stock Market so Good

29 Minutes 5 Seconds   Stock Market Manipulation Lynette Zang is the Chief Market Analyst at ITM Trading. Lynette has been with ITM Trading since 2002. Lynette came to ITM Trading with quite a bit of market and life experience, as well as a deep desire to help others. Almost fifteen years later, Lynette now hosts webinars designed to convert financial noise into easily understandable language. This article is a brief recap that describes the market manipulation that Lynette describes … Read More »

A-Mark Bullion Update

9.15.2016 The downward pressure on gold continued yet again today as it traded lower for the fifth time in the last six trading sessions.  Some heavy selling emerged around the NY open which pushed gold down to just above its 100 day moving average.  But, yet again, the 100 DMA held as support and gold was aided in its recovery by weaker than expected US economic data.  Retail sales in the US fell .30% in August, declining for the first … Read More »

A-Mark Bullion Update

9.13.2016 The markets were a sea of red today with the Dow Jones falling over 250 points and closing below its 100 day moving average for the first time since late June.  A slump in crude oil and energy equities led the broader stock market and commodities complex lower.  Uncertainty concerning next week’s Federal Reserve monetary policy decision appears to be well-ingrained in the market’s mentality right now and participants are becoming increasingly risk averse.  Gold has traded lower for … Read More »

World Reserve Currency Status

World Reserve Currency Status

Currently, the United States dollar holds world reserve currency status. If you are unfamiliar with the term “world reserve currency” I offer this simple definition. A reserve currency is a currency (there are currently several) that nations agree to accept as payment for international trade. Governments also stockpile certain foreign currencies in order to settle debts and build wealth. The world reserve currency has traditionally been the currency of the country (or company) that is dominating world trade during a … Read More »

A-Mark Bullion Update

9/4/2016. The market has had a week to digest Janet Yellen’s commentary at the Jackson Hole economic symposium, and it has so far interpreted her remarks as bearish for gold and the rest of the precious metals complex. The Fed has maintained that a rate hike would be predicated upon improved US economic data and that the decision will be data driven. Tomorrow, at 5:30 AM PT, brings the all-important US unemployment figures. Market participants will be keenly watching the … Read More »