{"id":17444,"date":"2015-01-08T16:48:40","date_gmt":"2015-01-08T23:48:40","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17444"},"modified":"2015-01-13T19:47:42","modified_gmt":"2015-01-14T02:47:42","slug":"a-marks-bullion-update-17","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-marks-bullion-update-17\/","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=\"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\" \/><\/a>As go the USD and equities, the opposite go the precious metals.\u00c2\u00a0 The Dow Jones held its 100 day moving average perfectly two days ago and it hasn\u00e2\u20ac\u2122t looked back since.\u00c2\u00a0 Positive US data yesterday has allowed the Dow to extend gains with it up over 315 points in today\u00e2\u20ac\u2122s session thus far.\u00c2\u00a0 Gold was essentially stopped in its tracks on Tuesday at $1,220 as sellers emerged around a seven point trendline stemming back from October of 2012.\u00c2\u00a0 Gold has gradually traded lower over the past two days with investors reallocating funds into equities while simultaneously liquidating the yellow metal.\u00c2\u00a0 Crude oil\u00e2\u20ac\u2122s steady march lower and entrenchment below $50 is also not doing many favors for gold.<\/p>\n<p>Coin and fabricated precious metals demand remains subdued in North American and Europe but Chinese demand has picked up in 2015.\u00c2\u00a0 The Shanghai Gold Exchange arbitrage over London is trading at a $4 \/ toz premium.\u00c2\u00a0 Gold still seems like it wants to test lower and support is coming in at $1,200 for the time being.\u00c2\u00a0 Silver is rolling over along with gold but should find bids ahead of its 50 day moving average at $16.13.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As go the USD and equities, the opposite go the precious metals.\u00c2\u00a0 The Dow Jones held its 100 day moving average [&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":[27,323],"class_list":["post-17444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-gold-demand"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17444","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=17444"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17444\/revisions"}],"predecessor-version":[{"id":17445,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17444\/revisions\/17445"}],"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=17444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}