{"id":17099,"date":"2014-10-09T13:36:14","date_gmt":"2014-10-09T20:36:14","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17099"},"modified":"2014-10-22T08:24:02","modified_gmt":"2014-10-22T15:24:02","slug":"a-marks-bullion-update-3","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-marks-bullion-update-3\/","title":{"rendered":"A-Mark&#8217;s Bullion Update"},"content":{"rendered":"<p><a href=\"http:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-17084\" src=\"http:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\" alt=\"A-Mark-Precious-Metals-Inc\" width=\"206\" height=\"71\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg 206w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-60x20.jpg 60w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-135x46.jpg 135w\" sizes=\"auto, (max-width: 206px) 100vw, 206px\" \/><\/a>Gold was trading lethargically yesterday until the US Federal Reserve policy meeting prompted investors to push back their expectations for the timing of a Fed interest rate rise.\u00c2\u00a0 The Fed specifically mentioned the strength of the USD in its September meeting minutes and equities and gold both shot up.\u00c2\u00a0 Today, stocks have given up all of yesterday\u00e2\u20ac\u2122s gains and the Dow is once again approaching its 200 day moving average at 16,590.\u00c2\u00a0 The sell off today is in part due to European Central Bank Mario Draghi stating that Europe\u00e2\u20ac\u2122s problems are structural, not cyclical, and that without reforms there can be no recovery.\u00c2\u00a0 The inverse correlation between equities and gold has meant that gold has continued its run higher today.\u00c2\u00a0\u00c2\u00a0 Gold ETF holdings have bled once again though and are at their lowest level since December 2008 at 24.5 million ounces in the SPDR Gold Trust.\u00c2\u00a0 Gold remains range bound with huge support at $1,180 and resistance overhanging at $1,240.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold was trading lethargically yesterday until the US Federal Reserve policy meeting prompted investors to push back their expectations for the [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[27,53,1421,1387],"class_list":["post-17099","post","type-post","status-publish","format-standard","hentry","category-blog","tag-american-economy","tag-federal-reserve","tag-gold-prices","tag-silver-prices"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17099","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=17099"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17099\/revisions"}],"predecessor-version":[{"id":17100,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17099\/revisions\/17100"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=17099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}