← Back to All Videos

A-Mark Bullion Update

Blog Aug 9, 2016

A-Mark-Precious-Metals-Inc8.9.2016 It has been an absolutely lethargic start to the week for the precious metals. Gold has traded in a mere $12 range so far this week and its attempt today to recover from Friday’s strong payroll figure was underwhelming at best. The physical coin and bar market in North America and Europe continues to disappoint with margins for fabricated products right around all-time lows. The weakness in the coin market is best exemplified by US Mint bullion sales figures. Silver eagle coin sales went from 4.5 million coins in May to 2.84 million in June to just 1.37 million in July. Prior to June, the US Mint hadn’t sold less than 4 million coins in a month all year. Despite the coin and bar market being firmly entrenched in the summer doldrums, the precious metals as a whole still look strong. Exchange-traded products featuring precious metals saw its biggest January – July inflow of capital, approximately $51 billion, since 2009. For now, any move in gold towards $1,310 will find solid bids while $1,370 – $1,375 remains the area to watch overhead.

Thumbnail Photo We believe that everyone deserves a properly developed strategy for financial safety.

Lynette Zang

Chief Market Analyst, ITM Trading

Sources & References In This Article

    Similar Posts

    Blog Jan 9, 2020

    REAL OR FAKE GOLD, BIG VS SMALL BANK DEPOSITS… Q&A with Lynette Zang and Eric Griffin

    Learn More
    Blog Nov 28, 2018

    ENTERING THE MINEFIELD: Is Your Armor Ready? By Lynette Zang

    Learn More
    Blog Nov 27, 2018

    RECESSION to RESET: What Happens Next? Q&A with Lynette Zang and Eric Griffin

    Learn More
    Blog Nov 21, 2018

    A GLOBAL THREAT US & China Clash of the Titans

    Learn More
    Blog Nov 20, 2018

    PRECIOUS METALS STRATEGY: Get the MOST from Gold & Silver. Q&A with Lynette Zang and Eric Griffin

    Learn More
    Blog Nov 16, 2018

    IS THIS IT? Corporate Buybacks vs ETFs By Lynette Zang

    Learn More
    Blog Nov 14, 2018

    ETF-YOU: Will You Get Screwed? By Lynette Zang

    Learn More
    Blog Nov 13, 2018

    THE FUTURE OF GOLD: As Economic Patterns Shift. Q&A with Lynette Zang and Eric Griffin

    Learn More

    Not Sure What Works for You?

    Our team has over a century of combined experience in guiding our customers to the best products is for their wealth protection and preservation goals. Call us today.

    888-696-4653
    or schedule a call

    Schedule A Strategy Session

    Get Your Free Protection Guide

    Stay Informed

    Receive the latest updates regarding the economy.