{"id":17660,"date":"2015-02-02T09:34:57","date_gmt":"2015-02-02T16:34:57","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17660"},"modified":"2015-02-03T15:23:51","modified_gmt":"2015-02-03T22:23:51","slug":"a-mark-bullion-update-5","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-5\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"<p style=\"text-align: left;\"><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>Yesterday, the FOMC left gold longs feeling exposed and vulnerable.\u00c2\u00a0 Gold had moved up over $100 on the year and with it failing to maintain momentum over $1,300, the FOMC provided reason enough for traders to exit long positions.\u00c2\u00a0 The Fed said the US economy is expanding at a \u00e2\u20ac\u0153solid pace\u00e2\u20ac\u009d and the expectation is that rates could rise as soon as June.\u00c2\u00a0 Gold began to slip in the overnight session and then was hit even harder in the NY session with volume on the electronic exchange exceeding 230,000 lots (23,000,000 ounces).\u00c2\u00a0 Gold has now traded lower in four of the past five trading sessions and has found temporary support at the 50 day moving average of $1,252.50.\u00c2\u00a0 In the absence of bullish headlines, which have largely fueled gold\u00e2\u20ac\u2122s rise this year, the yellow metal is looking weaker and should consolidate around these levels.<\/p>\n<p>Silver was consolidating nicely around $18 for the past week but collapsed as gold sold off today.\u00c2\u00a0 It finished the day down over 5.75% and finally managed to find bids ahead of its 50 day moving average at $16.62.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, the FOMC left gold longs feeling exposed and vulnerable.\u00c2\u00a0 Gold had moved up over $100 on the year and with [&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":[27,53,1422],"class_list":["post-17660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-federal-reserve","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17660","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=17660"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17660\/revisions"}],"predecessor-version":[{"id":17664,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17660\/revisions\/17664"}],"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=17660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}