{"id":17923,"date":"2015-02-18T09:02:13","date_gmt":"2015-02-18T16:02:13","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=17923"},"modified":"2015-02-20T08:13:16","modified_gmt":"2015-02-20T15:13:16","slug":"a-mark-bullion-update-9","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-9\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>The US market has returned from the long Presidents\u00e2\u20ac\u2122 Day weekend to find all four precious metals breaking down.\u00c2\u00a0 Seemingly friendly news for the precious metals out of Europe was not enough to combat technical selling and developments in China.\u00c2\u00a0 In Brussels, the Greek Finance Minister refused to request an extension of his country\u00e2\u20ac\u2122s existing bailout program.\u00c2\u00a0 This broke down a potential agreement on debt restructuring between Greece and its creditors.\u00c2\u00a0 Geopolitical concerns were also at the fore in the Crimea region with the cease fire between Ukraine and Russia on shaky ground after reports of renewed exchanges of fire.\u00c2\u00a0 Neither of these factors could attract safe haven bids for gold and the precious complex though.<\/p>\n

Gold instead tumbled to a six week low on concerns that Chinese demand will fall for the upcoming Lunar New Year holiday.\u00c2\u00a0 Volume on the Shanghai Gold Exchange dropped today to the lowest in a year and the Chinese market will be closed for five sessions starting Wednesday.\u00c2\u00a0 Gold broke below its 100 day moving average for the first time since early January and the next critical area to watch for is $1,180.\u00c2\u00a0 Silver followed gold\u00e2\u20ac\u2122s trajectory lower and closed below its own 100 day moving average for the first time in about a month as well.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US market has returned from the long Presidents\u00e2\u20ac\u2122 Day weekend to find all four precious metals breaking down.\u00c2\u00a0 Seemingly friendly […]<\/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":[58,1422],"class_list":["post-17923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-global-economic-crisis","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17923","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=17923"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17923\/revisions"}],"predecessor-version":[{"id":17924,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/17923\/revisions\/17924"}],"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=17923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}