{"id":17399,"date":"2014-12-17T11:04:53","date_gmt":"2014-12-17T18:04:53","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17399"},"modified":"2014-12-19T11:25:58","modified_gmt":"2014-12-19T18:25:58","slug":"a-marks-bullion-update-15","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-marks-bullion-update-15\/","title":{"rendered":"A-Mark&#8217;s Bullion Update"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17084 alignright\" 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\" \/>With the ruble depreciating 50% this year, the Russian central bank decided overnight to raise its benchmark interest rate by an astonishing 6.5%.\u00c2\u00a0 The currency crisis threatening Russia\u00e2\u20ac\u2122s economy \u00e2\u20ac\u0153forced\u00e2\u20ac\u009d the central bank to increase rates from 10.50% to 17%.\u00c2\u00a0 The ruble initially made gains off the news but ended up reversing course and slid below all time lows against the USD.\u00c2\u00a0\u00c2\u00a0 There was also a headline out this morning that Russia is deploying nuclear weapons to be held next to the Ukrainian border.<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"\/\/www.youtube.com\/embed\/4E_NK5hcGtc\" frameborder=\"0\" allowfullscreen><\/iframe><br \/>\nThe combination of developments out of Russia has the financial world uneasy.\u00c2\u00a0 US equities sold off while gold was tugged in both directions and traded in a $35 range.\u00c2\u00a0 Bids materialized in gold immediately after the Russian nuclear deployment headline but selling emerged later in the session with crude oil losing 3.25% on the day.\u00c2\u00a0 Support for gold is coming in at $1,182 and firm resistance is in place at the 100 day moving average of $1,232.\u00c2\u00a0 Silver has fallen 7% over the past two trading days but found intraday support at $15.50.\u00c2\u00a0 The 50 day moving average at $16.57 was the high of today and this should prove to be near term resistance for the remainder of the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the ruble depreciating 50% this year, the Russian central bank decided overnight to raise its benchmark interest rate by an [&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":[56,1422,1393],"class_list":["post-17399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-foreign-central-banks","tag-gold-trading","tag-russia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17399","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=17399"}],"version-history":[{"count":3,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17399\/revisions"}],"predecessor-version":[{"id":17402,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17399\/revisions\/17402"}],"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=17399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}