{"id":18094,"date":"2015-04-07T16:17:35","date_gmt":"2015-04-07T23:17:35","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18094"},"modified":"2015-04-09T16:59:09","modified_gmt":"2015-04-09T23:59:09","slug":"a-mark-bullion-update-23","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-23\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>On Good Friday, US non-farm payrolls data showed a rise of 126,000 during March after a gain of 264,000 for February.\u00c2\u00a0 The March figure was far below the median forecast of 245,000 and non-farm payrolls for January and February were revised lower by a combined 69,000.\u00c2\u00a0 This would have been very bullish news for the precious metals if the market was actually open.\u00c2\u00a0 Because of Good Friday and the weekend though, the electronic exchange was closed from Thursday evening through Sunday afternoon.\u00c2\u00a0 When the market did finally open on Sunday evening, the first session with a chance to react to the non-farm payrolls figures, it opened over $10 higher than its last close on Thursday.\u00c2\u00a0\u00c2\u00a0 Yesterday, gold tested resistance in the mid $1,220s but failed to break through this area.\u00c2\u00a0 There is now a triple top at $1,224.\u00c2\u00a0 The Chinese were good sellers in the overnight session and the Shanghai Gold Exchange arbitrage versus London moved into a slight discount.\u00c2\u00a0 Support for the time being is coming in at the 50 day moving average of $1,207, the low of today thus far.\u00c2\u00a0 With the NFP figures not having any lasting effect beyond Sunday\u00e2\u20ac\u2122s and early yesterday\u00e2\u20ac\u2122s trading sessions though, the market appears to want to test the downside further.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Good Friday, US non-farm payrolls data showed a rise of 126,000 during March after a gain of 264,000 for February.\u00c2\u00a0 […]<\/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":[1422,1317,1413],"class_list":["post-18094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-trading","tag-support","tag-resistance"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18094","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=18094"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18094\/revisions"}],"predecessor-version":[{"id":18098,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18094\/revisions\/18098"}],"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=18094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}