{"id":18161,"date":"2015-04-28T12:20:03","date_gmt":"2015-04-28T19:20:03","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18161"},"modified":"2015-05-14T15:17:19","modified_gmt":"2015-05-14T22:17:19","slug":"a-mark-bullion-update-28","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-28\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>Gold was trading lethargically yesterday when a 9,500 lot (950,000 ounces) sweep on the electronic exchange yanked it from $1,186 all the way up to $1,200 in a matter of minutes.\u00c2\u00a0 This occurred right around the time of the PM fix and it was a much needed bullish move after the poor close gold had to finish last week.\u00c2\u00a0 Yesterday also represented the biggest volume day of the June gold contract with over 200,000 lots trading during the session.\u00c2\u00a0 The USD has been on a recent decline and the dollar index is at a three week low.\u00c2\u00a0 Yesterday, economic data showed that the US services purchasing manager\u00e2\u20ac\u2122s index fell below economists\u00e2\u20ac\u2122 estimates.\u00c2\u00a0 This helped keep gold above the $1,200 area after the sweep and it seems like participants are now awaiting the FOMC tomorrow before adding to positions.\u00c2\u00a0 Gold still remains in a range with some significant resistance levels looming overhead at the 100 and 200 day moving averages ($1,211.40 and $1,224, respectively).\u00c2\u00a0 Any deviation from FOMC expectations tomorrow may be exactly what gold needs to break out of its recent range.\u00c2\u00a0 Silver rallied an impressive 4.25% yesterday and is now sandwiched between its 50 and 100 day moving averages.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold was trading lethargically yesterday when a 9,500 lot (950,000 ounces) sweep on the electronic exchange yanked it from $1,186 all […]<\/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":[27,53,1422,1406],"class_list":["post-18161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-federal-reserve","tag-gold-trading","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18161","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=18161"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18161\/revisions"}],"predecessor-version":[{"id":18163,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18161\/revisions\/18163"}],"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=18161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}