{"id":17815,"date":"2015-02-10T13:28:25","date_gmt":"2015-02-10T20:28:25","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17815"},"modified":"2015-02-12T15:06:10","modified_gmt":"2015-02-12T22:06:10","slug":"a-mark-bullion-update-7","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-7\/","title":{"rendered":"A-Mark 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>The absence of any major news headlines has the four major precious metals trading in negative territory today.\u00c2\u00a0 Volume for the April Comex gold contract is a paltry 77,000 lots, the lowest volume day since becoming the active contract month at the end of January.\u00c2\u00a0 Gold had a poor technical close last week by closing on Friday below its 200 day moving average at $1,251.25.\u00c2\u00a0 US January payrolls data came in much stronger than expected at 257,000 versus the forecast of 236,000.\u00c2\u00a0 The December number was revised to an impressive 329,000 as well.\u00c2\u00a0 The USD surged against a basket of currencies while gold took a plunge.\u00c2\u00a0 Gold finally managed to find support on Friday at its 100 day moving average at $1,216.30 and this appears to be the level to watch.<\/p>\n<p>Silver\u00e2\u20ac\u2122s 50 and 100 day moving average have converged at $16.75 and this level has held perfectly over the past two trading days.\u00c2\u00a0 Silver\u00e2\u20ac\u2122s intraday attempts higher have been sold into though and it looks like it wants to test lower with gold.\u00c2\u00a0 A break below $16.75 would project down to psychological support at $16.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The absence of any major news headlines has the four major precious metals trading in negative territory today.\u00c2\u00a0 Volume for the [&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":[27,1422],"class_list":["post-17815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17815","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=17815"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17815\/revisions"}],"predecessor-version":[{"id":17816,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17815\/revisions\/17816"}],"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=17815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}