MTALX Bullion Inc., Dallas, TX (2026)

06/23/2022

June 23rd, 2022 - Market Update

Gold and silver are both under some pressure this morning, with gold price currently trading at $1826.70 down $12.30 or 0.67% and silver price at $21.21 down $0.31 or 1.45%. The strength in the US Dollar Index is influencing lower metal prices, with the index moving from 104.08 to 104.616 within the past couple of hours, it correlates directly with the move in metals. On the bond side, the 10-year has gone from 3.089% to 3.136%, a small move but in the right direction for lower metal prices. We will continue to monitor both markets to see if we get a test of the previous support on gold at $1807ish and on silver at $21. With the volatility we've had as of late in this market, nothing is off the table. This morning at 8:30 AM ET, we will have the continuing jobless and initial jobless claims, which traders/investors will be monitoring to gauge the employment picture. Then at 10 AM ET, you have the Feds Powell speaking, which we will be watching. Many economists are saying that we are at the beginning of a recession, any hint of this type of language out of Powell, and you can rest assured the market will react. It is easy to get discouraged in a market like this, especially if you're of the mindset that you need to buy at the market's low. Being in the market close to the low is often better than being out of the market waiting for the low and missing it. At MTALX Bullion, we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you're in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/21/2022

June 21st, 2022 - Market Update

The precious metal market this morning is little changed from yesterday morning's prices. After a short trading day yesterday, today’s full trading day will give us a better read on where the market participants believe the price should be. Both the US Dollar Index and the 10-year yield are pretty much where they were yesterday morning, so no catalyst there for metals thus far. This morning existing home sales number was a drop for the fourth month in a row. This could be 1 of 2 things, 1. Home prices are too high or there aren’t that many homes available on the market, 2. People are starting to feel the pinch of inflation and are pushing back home purchases to see how this all shapes out. If the latter is the case, you can expect retail sales will also fall, as people enter “savings” mode. This could only be the start of things to come where economic data out of the US comes in under expectations and this will influence metal prices. Historically bad economic numbers usually have a positive effect on metals, so keep an eye out for future economic numbers. We will continue to watch for a market close over $1850 on gold price and $22 on silver price for confirmation that a potential wave higher is in the cards, until then we will play it close to the chest. If you’re in the market or thinking about a purchase or sale, we encourage you to give us a call to discuss your options. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/20/2022

June 20th, 2022 - Market Update

Markets this morning are little changed from Friday's close, and it seems as though the market is taking a bit of a breather on this short trading day. Currently, gold price is trading at $1839.80 down $0.30 or 0.01%, and silver price is flat at $21.66. We would assume that most traders/investors will allow this market to trade sideways today as markets will close at 2:30 pm ET vs a normal 5 pm ET close. The US Dollar is still trading under 105 which I assume is one of the reasons gold has settled here and has not traded lower. There has been some volatility since the Fed raised rates by 75 basis points last week, as we assume that traders/investors waffle back and forth on the meaning and effects of this decision to raise aggressively. The outlook being given by most economists is that more aggressive hikes are in the books for the Fed this year. Raising rates usually helps to slow inflation, but we are in a very unique situation, and it might not work out how they want it to. Most economies are still recovering from the COVID pandemic and raising rates too quickly could certainly cause a recession, some economists are saying we are already at the start of one. In this scenario and even the one where inflation runs rampant, the case for having exposure to precious metals just makes sense. If you’re in the market or thinking about a purchase or sale, we encourage you to give us a call to discuss your options. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

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06/17/2022

June 17th, 2022 - Market Update

The market seems to have a leg to stand on this morning, as we have gold and silver trading closer to the support levels we have been watching. Today will be a key day to see where the market closes, as we find that Fridays give a good idea of where the overall market players (traders and investors) think the market should be. They will square positions before the trading day is over and wherever it closes, is where everyone is comfortable. If the price closes under $1845-$1850, it will mean that they think the market is overvalued and are hinting at a potential leg down next weekend. If it closes over $1850, there is a good chance that the momentum will continue, for how long, that is anyone’s guess. The US Dollar Index has pulled back and is now trading under 105, currently at 104.846, a push over 105 could mean lower prices. We are patiently waiting out this market before stepping in front of anything. Staying nimble here if you’re looking for short-term gains is the play, if you’re in this for the long term, dips may be buying opportunities. On the physical supply side of things, the floodgates seem to have opened, with the dip down to $21 on silver we were expecting supply to tighten up, but it seems that the opposite has happened. The premiums on the wholesale market have tightened a bit and the available inventory seems to be increasing. This isn’t to say that this will continue, but it is good to have most of our silver inventory back on the shelf. If you’re in the market or thinking about a purchase or sale, we encourage you to give us a call to discuss your options. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/15/2022

June 15th, 2022 - Market Update

The seesaw effect continues in full swing for precious metals. Yesterday’s price action was interesting to watch, gold price tested down slightly under $1810/oz and silver price under $21/oz. As we stated yesterday, we saw more downside pressure coming and that dip was maybe an opportunity to enter the market. This morning's release of retail sales for the month of May was the floor metals needed to try and stand on a leg, as we write this update, gold price is trading at $1833, up $23.50 or 1.30% and silver price at $21.67 up $0.55 or 2.62%. We may have seen the low on metals as the downturn in retail sales is being interpreted as shoppers being spooked by the continued rise in inflation. On the other side of the coin, you have the US Dollar Index that is up over 105.34, the continued strength in the US Dollar is usually a negative for metals. The 10-year yield is now also up over 3%, trading currently at 3.77%, again another factor that has historically been negative for metals. Cryptos for the most part this morning are down, with Bitcoin being the star of the show, inching ever so close to falling under $20k. There is a plate full of things to monitor and trying to guess what side of the market will be difficult, you’ve got economists stating that a recession is looming, other economists are calling for the Fed to raise rates aggressively to curve inflation, there is still a war ongoing in Eastern Europe. The list goes on and on, and the case for owning physical precious metals just grows stronger by the day. We continue to be of the thought that any dips in this market are buying opportunities, to anyone considering a first purchase, or adding to a position, give us a call. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/14/2022

June 14th, 2022 - Market Update

Inflation fears continue to rip through financial markets, from stocks to crypto, precious metals were not spared. It seemed as though everyone was just throwing the baby out with the bath water, across the board everything was in the red. Economists are now calling for the Fed to raise rates 75 points vs the usual 50 points, which again for metals is negative as they are non-interest bearing. It seems as though the bleeding in gold has subsided with gold price finding some support at the $1820 level, although we can see further pressure, for the moment it has stabilized. On the silver side of the equation, silver price tested down slightly under $21 dollars before bouncing back and has now found support there. All things being equal, there are 2 ways to look at things, and in our opinion, any pullbacks in metals are buying opportunities. First, we are living in times of high inflation which according to inflation numbers has not yet peaked and is on the rise, in this scenario precious metals have been historically known to be a store of wealth and help to protect against inflation. Second, with the Fed raising rates the way they have been, to try and fight inflation, it is very likely that there will be economic turmoil that comes from it, in this case as well, precious metals can be used as a store of wealth as well. For someone that is looking at precious metals trying to turn a quick profit as you would with cryptos, unfortunately, precious metals are not meant to be used in this manner, they are meant to be insurance for a balanced portfolio. If you’re looking for more information on how to protect your wealth during these times, we encourage you to give us a call to discuss further. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/13/2022

June 13th, 2022 - Market Update

The swings in metals have been a sight for sore eyes, after many weeks of sideways trading, Friday was a great trading day. Friday morning CPI data confirmed what we already know, inflation is still surging and very likely to stick around for the coming months, if not years. At the initial release of the number precious metals prices took a leg lower (kneejerk reaction,) but then came back over support at $1850 on gold and just kept going. Silver traded close to the $21.30 level before recouping $0.60 and trading closer to the $21.90 mark. Many are seeing Friday’s move as a panic move, although we see it as people trading the CPI number. Historically in times of increasing inflation, investors/traders take refuge in metals as a store of wealth. Overnight into this morning, the market has taken some of the surge off the table, gold price is currently trading at $1857.20 down $16 or 0.85% and silver price is at $21.60 down $0.41 or 1.85%. The strength in the US Dollar index is now up and trading at 104.819, and the strength in bond yields have both contributed to the cooldown in metals. This week’s focus will be the Feds 2-day meeting, which will be followed by their Fed Funds Rate announcement and press conference. It is already baked into the market, as most economists believe a rate hike is necessary, so it will be interesting to see how the market digests the hike and the press conference after. We’re in a bit of a conundrum as we see gold holding support, but silver has come under and has stayed there, we look for silver to test up to resistance at $22 and for silver to hold support at $1850. Intraday trading will intensify the closer we get to this week’s Fed Meeting. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/09/2022

June 9th, 2022 - Market Update

The battle in precious metals markets rages on, gold price hit an overnight low of $1843 and silver price $21.84 before bouncing back to trade closer to their support levels. At the time of writing gold is trading at $1850 down $3.50 or 0.21%, silver is at $22.04 down $0.09 or 0.41%. It is good to see that the market has worked its way up closer to support, earlier this morning both gold and silver were above support at $1850 and $22.10. Each time this market has taken a dip there seems to be interest and traders/investors step in and buy the dips. The US Dollar Index is currently trading at 102.635, which is neither here nor there, it's very close to where it traded yesterday. The 10-year yield is a hair higher than yesterday morning, now trading over 3% at 3.051%, the slight uptick here might have influenced the slight drop in metals. The higher bond yield coupled with a 4-month high on U.S. weekly jobless claims could be giving the market mixed signals, stronger bond yields are negative for metals, but a weak labor market should be positive. We are stuck in a bit of a seesaw, where there are conflicting factors, all of which have historically affected metals, the fun part will be to guess which factor traders/investors will pay more attention to, over the others. We continue to see that each time the market dips it comes right back as traders/investors engage with the market, which can be seen as 1. A positive sign that there is market engagement even in a sideways market 2. A negative as the market is aware of all the risks that are present in the world today. We continue to take it a step at a time, we have been taking nibbles at the market under support and it has paid off thus far. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/08/2022

June 8th, 2022 - Market Update

The fight in the precious metals market continues, with conflicting queues being given, the market is unsure of whether to head higher, stand pat, or head lower. On one side you have an unstable US stock market and higher crude prices, and on the other, you have rising bond yields and a higher US dollar. As this update is written, gold price is trading at $1857.70 up $6.60 or 0.35%, silver price is at $22.19 down $0.04 or 0.17%. If the market can hold on to the ever-precious support levels at $1850 for gold and $22.10 for silver (although on silver we’d be comfortable trading down to a $22 before changing sides,) this market should either trade range bound or slightly higher. In cases like these, it's really anyone’s guess where the market will go, we wouldn’t dare commit to either side, as the market will jostle back and forth based on whatever traders/investors see as more important (bonds/US Dollar vs unstable stock market and rising crude prices). The 10-year yield is just a tick under 3%, currently trading at 2.999%, the US Dollar Index is trading at 102.330 currently, it has traded as high as 102.77 and as low as 102.268 today. There isn’t much on the economic tape today, so we will continue to watch stocks, US Dollar Index, and Bond yields for any queues on positions to take. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/07/2022

June 7th, 2022 - Market Update

Gold and silver continue to jostle for position, with both metals standing their ground. Gold and silver overnight took a bit of a dip, with gold price in the high $1930s and silver price slightly under $22, they have both made up some ground. Gold is currently trading at $1851 up $9.50 or 0.52%, silver is up $0.07 or 0.32%. On a support basis, both gold and silver were under those levels but have made their way up and slightly over support. The US Dollar Index is up this morning, and it currently sits at 102.62, finally breaking and seeming like it will stay over 102. The 10-year yield broke the 3% mark but is currently just slightly below, trading at 2.983%. The weakness in the yield could explain the higher prices in metals, but in our opinion, it was bargain buying. With everything going on in the world, we foresee that any dips in the market will be seen as buying opportunities and that weakness will be short-lived. We will continue to monitor bond yields and the US Dollar Index for queues on where the market will go from here. At MTALX Bullion, we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com.

06/06/2022

June 6th, 2022 - Market Update

Gold and silver this morning are both trading close to their overnight highs. Gold price is currently at $1854, up $1.70 of 0.09% and silver price is at $22.44 up $0.44 or 1.99%. The overnight range for the respective metals was $1850-$1858 and $22.10-$2247. As we have been stating, we are watching support at $1850 and $22.10 on silver to hold for confirmation that the market will move higher. The market has been able to hold at support and stay afloat thus far, even with a thinner than usual market, with the UK closed for the Queens Platinum Jubilee. With the UK back and trading today, it is very positive that the market is still holding above support. We see this as just one more confirmation that traders and investors alike think that gold is a bargain at these prices, each time the price gets close to support it has bounced. The US Dollar Index is flirting with the 102 level, jostling back and forth there. The 10-year treasury yield looks like it wants to make its way to 3% but is having a hard time getting there. With both the US Dollar Index up and bond yields, precious metals staying above support is a very positive sign in our books. We will continue to watch for breaks of support on precious metals, and what the day will look like for the US Dollar Index and bond yields for queues on where to enter, or not enter a position. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com

06/03/2022

June 3rd, 2022 - Market Update

Gold this morning is little changed from yesterday morning. Gold price is currently trading at 1862.20 down $7.30 or 0.39%, silver price is at $22.29 down $0.08 or 0.34%. This morning Jobs number showed the creation of 390,000 jobs, while forecasts were estimating only 325,000. This morning’s number contradicts yesterday’s underwhelming numbers and might put some pressure on metals. On the other hand, the US Dollar Index is trading lower at 101.865 which could put a floor under gold and limit any downside action today. We will continue to monitor and watch for gold price to hold over $1850 and silver price over $22.10 for signs that more upside action is coming. Should we break under these levels today, we can assume that lower prices are coming in the short term. This morning we have ISM manufacturing data being published at 10 am ET and at 10:30 The Feds Brainard will be giving a speech; everyone will be watching this to see if there are any more hints at how aggressive the Fed will be with rate hikes. At MTALX Bullion we offer some of the best bullion products in the world, segregated and allocated storage, and the ability to purchase metals as part of an IRA. If you’re in the market or thinking of getting into it, give us a call to discuss your options, or visit us at www.mtalxbullion.com

MTALX Bullion Inc.

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