{"id":17356,"date":"2014-12-05T12:57:43","date_gmt":"2014-12-05T19:57:43","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17356"},"modified":"2014-12-08T13:59:29","modified_gmt":"2014-12-08T20:59:29","slug":"a-marks-bullion-update-13","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-marks-bullion-update-13\/","title":{"rendered":"A-Mark’s Bullion Update"},"content":{"rendered":"

Gold a\"A-Mark-Precious-Metals-Inc\"nd silver have followed up a wild start to the week with uninspiring trading action for the remainder of it.\u00c2\u00a0 While Monday had over 340,000 contracts trade on the active Comex February gold contract, today only had volume of\u00c2\u00a0140,000 contracts.\u00c2\u00a0 The trading range also went from a very wide and volatile $80 on Monday to a boring $12 today.\u00c2\u00a0 The European Central Bank left rates unchanged and US Non-Manufacturing PMI came in at the second highest number since 2005.\u00c2\u00a0 All of this translated to a bullish signal for the USD which weighed on the precious metals.\u00c2\u00a0\u00c2\u00a0 Gold perfectly touched resistance at $1,213.50 today, the fifth point in a five point downward trendline basis the February gold contract.\u00c2\u00a0 It appears that the yellow metal will need USD weakness in order to break through this increasingly significant resistance point.\u00c2\u00a0\u00c2\u00a0 Silver is once again trading without conviction and was capped at its 50 day moving average of $16.67.\u00c2\u00a0 Support still remains at $16 for the short term.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold and silver have followed up a wild start to the week with uninspiring trading action for the remainder of it.\u00c2\u00a0 […]<\/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":[56,1422],"class_list":["post-17356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-foreign-central-banks","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17356","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=17356"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17356\/revisions"}],"predecessor-version":[{"id":17357,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17356\/revisions\/17357"}],"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=17356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}