{"id":17186,"date":"2014-10-23T16:58:21","date_gmt":"2014-10-23T23:58:21","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17186"},"modified":"2014-10-29T16:23:41","modified_gmt":"2014-10-29T23:23:41","slug":"a-mark-bullion-update","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update\/","title":{"rendered":"A-Mark 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>The Dow Jones is up 260 points and is trading decisively above its 200 day moving average for the first time since October 10th.\u00c2\u00a0 This, combined with a stronger USD, has gold and silver on the defensive today and off their recent highs.\u00c2\u00a0 Gold faked out day traders by closing above its 50 day moving average and the double top of resistance at $1,250 two days ago.\u00c2\u00a0 Normally a technical buy signal, gold instead is trading lower for the second day in a row with the steady pressure from equities and the USD.\u00c2\u00a0 Renewed confidence in stocks has resulted in 29,000 ounces of global ETF liquidation, bringing total holdings to lows (53.303 million ounces) not seen since 2009.<\/p>\n<p>US Jobless Claims data today showed that fewer Americans filed for unemployment benefits over the past month than at any time in the last 14 years.\u00c2\u00a0 The four week average of jobless claims dropped to 281,000, the lowest since May of 2000.\u00c2\u00a0 Even with prospects of slower economic growth ahead, sustained demand of goods and services has prompted companies to retain workers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones is up 260 points and is trading decisively above its 200 day moving average for the first time [&hellip;]<\/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":[27,1421,1385],"class_list":["post-17186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-gold-prices","tag-djia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17186","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=17186"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17186\/revisions"}],"predecessor-version":[{"id":17187,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17186\/revisions\/17187"}],"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=17186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}