A-Mark Bullion Update

2.22.2017 After the long weekend in the US, the Dow Jones made all-times yet again, the USD moved higher, and gold somehow managed to hold onto its footing fairly well.  Commodity Futures Trading Commission (CFTC) data showed on Friday that speculative net Comex longs in gold fell by 9%.  This reduced bullish positions to a four week low but positions are still up about 50% since the beginning of 2017, a reflection on gold’s strong performance so far this year.  … 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 »

A-Mark Bullion Update

2.2.2017 Ahead of yesterday’s FOMC decision, the precious metals were on the defensive after better-than-expected manufacturing and private sector employment data weighed on the complex. The ADP jobs figure widely beat expectations, with an increase of 246,000 jobs versus the consensus of 165,000, and the USD rallied while gold slid lower. Gold moved higher as the FOMC approached and then rallied further during and after the meeting. The Fed left rates unchanged and the terminology was vague as to the … 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

1.27.2017 After failing at $1,220 on four separate days in the last week and a half, gold gave up on pushing higher and has now traded lower for three consecutive days.  Unsurprisingly, gold’s move south coincided with the USD gaining ground and with the Dow pressing above 20,000 for the first time ever.  The bevy of contentious headlines being made at the start of Trump’s presidency are offering little in the way of safe haven bids for gold thus far.  … Read More »

Reasons To Buy Gold In 2017

Reasons To Buy Gold In 2017

There are several very good reasons to buy gold in 2017. More good reasons seem to pop up every time you take a good look at the news. Also, history is full of great reasons to buy and own gold. Let’s take a look at a few reasons why you should consider purchasing gold for the first time if you are new to the idea of owning gold. Or, if you are an experienced precious metals stacker, these are great … Read More »

A-Mark Bullion Update

1.24.2017 President Trump’s inauguration finally arrived (the most highly attended US presidential inauguration in history according to some sources) and the USD sold off as the markets digested the beginning of his term. In non-volatile and fairly orderly trading conditions, gold caught bids as the dollar trended lower on inauguration day. After USD gains following the presidential election results at the end of last year, January has so far seen a reversal of this trend with the USD index now … 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 »