{"id":17449,"date":"2015-01-13T19:52:23","date_gmt":"2015-01-14T02:52:23","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17449"},"modified":"2015-01-15T15:13:19","modified_gmt":"2015-01-15T22:13:19","slug":"a-marks-bullion-update-18","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-marks-bullion-update-18\/","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>Crude oil is approaching six year lows, the USD is stronger, and the Dow Jones is up 200 points\u00e2\u20ac\u00a6 under normal circumstances, this would mean the precious complex would be trading lower.\u00c2\u00a0 All four are trading higher today though.\u00c2\u00a0 Gold is breaking out to the upside and hit twelve week highs today.\u00c2\u00a0 Since breaking through a long term down trendline dating back to October of 2012 two days ago, gold hasn\u00e2\u20ac\u2122t looked back.\u00c2\u00a0 It is up for the third day in a row and its near term target is the 200 day moving average at $1,254.25.\u00c2\u00a0 Silver exploded through $17 today but has found heaving selling emerge at $17.20, the fifth point on a down trendline dating back to August of 2011.\u00c2\u00a0 This move higher for the precious metals seems to be largely technical as shorts have scrambled to cover positions.\u00c2\u00a0 It would be surprising to see a sustained move higher in the near term unless US equities roll over.<\/p>\n<p>Keep an eye out for US Retail Sales m\/m tomorrow, US Unemployment Claims on Thursday, and US CPI m\/m on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil is approaching six year lows, the USD is stronger, and the Dow Jones is up 200 points\u00e2\u20ac\u00a6 under normal [&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":[1422],"class_list":["post-17449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17449","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=17449"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17449\/revisions"}],"predecessor-version":[{"id":17450,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17449\/revisions\/17450"}],"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=17449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}