{"id":17090,"date":"2014-10-02T16:55:01","date_gmt":"2014-10-02T23:55:01","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17090"},"modified":"2014-10-08T11:23:39","modified_gmt":"2014-10-08T18:23:39","slug":"a-marks-gold-and-silver-update","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-marks-gold-and-silver-update\/","title":{"rendered":"A-Mark’s Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"Gold and silver had a rare up day yesterday with the US 10 year Treasury yield moving lower by about 10 basis points to 2.40%.\u00c2\u00a0 The rally for the precious metals was short lived though as all four are in negative territory once again today.\u00c2\u00a0\u00c2\u00a0The USD has rallied from its lows in Asia in the overnight session which has put pressure once again on gold.\u00c2\u00a0 In the early NY trading day, data was released showing that US jobless claims unexpectedly fell last week.\u00c2\u00a0 Jobless claims dropped by 8,000 to 287,000 and the number of people already collecting benefits fell to an eight year low.<\/p>\n

Gold has been consolidating above $1,200 and looks decent from a technical perspective above this level and especially above the double bottom of support at $1,180.\u00c2\u00a0 Physical demand continues to accelerate around the world.\u00c2\u00a0 Indian imports hit a 16 month high in September of over 650,000 oz.\u00c2\u00a0 A relaxation in import duties, the lower spot price, and the festive season have been the major contributors for increased demand in the Asian country.\u00c2\u00a0 Pool metal at major refiners is also getting tighter as the refiners scramble to make kilo gold bars to send to China.\u00c2\u00a0 Fabricated silver product in North America is becoming further delayed in certain products and the Royal Canadian Mint have even gone on allocation with silver maple leafs.\u00c2\u00a0 This means that they are now restricting the amount of silver maple leafs each distributor can purchase each week as demand outweighs current supply.\u00c2\u00a0 Silver has been consolidating around $17 and may be able to move higher should gold have a sustained move up as well.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold and silver had a rare up day yesterday with the US 10 year Treasury yield moving lower by about 10 […]<\/p>\n","protected":false},"author":6,"featured_media":17083,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[1422,155,323],"class_list":["post-17090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-trading","tag-gold-market","tag-gold-demand"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=17090"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17090\/revisions"}],"predecessor-version":[{"id":17092,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17090\/revisions\/17092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/17083"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=17090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}