A-Mark Bullion Update

3.14.2017 The markets, from equities to commodities, are quiet today ahead of tomorrow’s much anticipated FOMC statement. While it is widely expected that the Fed will increase the benchmark rate by .25%, participants are still sidelined today ahead of the decision. Volume in Comex April gold stands at only 155,000 lots so far today, the lightest it has been since April became the active contract month at the end of January. Speculative Comex longs fell from three month highs in … Read More »

Stocks New Highs in 2017

2-22-17 S&P Rallied as consensus adjusted EPS were revised down

Youtube Translation Hi everybody and then chief market analyst here at ITM Trading a full-service physical precious metals brokerage house and we all probably heard about the stock market globally making new highs yet again and beating the longest streak of new high ever cetera et cetera so this is what that looks like but let’s ask let’s just kind of look a little bit beneath the surface is just the dojo that’s all we know that’s low level of … Read More »

A-Mark Bullion Update

2.14.2017 With the USD on the offensive and the Dow Jones reaching all-time highs yet again, the precious metals slid lower to kick off the week.  Trading conditions were muted and gold managed to hold above its 100 day moving average at $1,220 for the second day in a row.  This is clearly the short term level to watch and a break below it could lead to a swift move down to psychological support at $1,200.  While US equities keep … Read More »

2016 Gold Investing Results

2016 Gold Investing Results

2016 is in the books. The year is over and those that tally numbers have tallied them. Some investments have done well, some not-so-well. Gold started off the 2016 year very strong against the US dollar. However, gold prices dropped quite a bit during the latter part of the year. Gold prices did, however, manage to post a 7.11% gain against the US dollar last year. The 2016 gold investing results, however, involve more than just the US. Gold is … Read More »

A-Mark Bullion Update

1.17.2017 With the US off yesterday for MLK Jr. Day, gold pressed higher yet again in thin trading conditions.  President-elect Trump’s remark that the USD is “too strong” caused the USD to sell off while fresh longs lifted gold further above $1,200.  Overnight, Far East demand remained steady with the Shanghai Gold Exchange trading at $19 premium versus the London spot market.  Gold ETFs finally bucked the liquidation trend, which has been going steadily down since October of 2016, and … Read More »

A-Mark Bullion Update

1.12.2017 Gold was trading heavily yesterday until Trump’s first presidential press conference provided a lifeline for it to move higher.  After several months of risk-on trading sentiment spurred by Trump’s election victory, his press conference seemed to provide more sobering and ambiguous expectations for his presidency.  His criticism of the pharmaceutical industry appeared to be one of the more acute catalysts to send the USD and equities lower.  Gold moved up in sync with the falling dollar and broke through … Read More »

Impenetrable Gold Vaults

Impenetrable Gold Vaults

Gold has been prized for centuries and millennium as both a currency and a display of wealth. Today, people of all cultures and backgrounds still adorn themselves with gold jewelry, and gold is still in use as a hard currency. Due to gold having a very high value over a very long span of time, impenetrable gold vaults has evolved and emerged. Keeping gold secure is of paramount importance. Gold is portable wealth. He who holds the gold holds the … Read More »

Are These Solid Gold Cars?

Solid Gold Cars

“You can’t eat gold.” That is a common phrase and argument that you will hear out of gold naysayers. Perhaps it is one that has been programmed into them. On it’s face the statement is quite true. In reality, the argument is quite ridiculous, but it makes a good segue. You can’t eat gold. You can’t drive gold either. However, some vehicles cost much more to own than others. Great cars that cost relatively little to own and drive for … Read More »

A-Mark Bullion Update

1.10.17 Gold has been on a steady decline since Trump’s election victory (and a gradual decline since Brexit), but 2017 has been positive for the yellow metal so far. A retreating USD, consolidating US equity market, strong demand out of China ahead of the Chinese New Year, and market angst over Trump’s presidency, have all contributed to gold’s recent gains. With the 50 day moving average immediately overhead at $1,193 and gold trading higher in nine of the last eleven … Read More »