{"id":18195,"date":"2015-05-14T15:18:46","date_gmt":"2015-05-14T22:18:46","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18195"},"modified":"2015-05-21T13:15:39","modified_gmt":"2015-05-21T20:15:39","slug":"a-mark-bullion-update-29","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-29\/","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>Yesterday, US retail sales figures disappointed and the USD index hit lows it hadn\u00e2\u20ac\u2122t seen since February.\u00c2\u00a0 With stops being triggered at the psychological level of $1,200, gold was able to explode upwards before making a high on the day at the 200 day moving average of $1,217.80.\u00c2\u00a0 Weak US PPI figures this morning have provided extra legs for gold and it is now firmly above its 200 DMA.\u00c2\u00a0 The disappointing US data over the past few days indicates less of an incentive for the Fed to tighten rates which is bullish for the precious metals.\u00c2\u00a0 Gold\u00e2\u20ac\u2122s near term target above the market is $1,240 while dips will likely be supported around the 200 DMA.<\/p>\n<p>Silver has had an even better run than gold and is up over 7% in the last three trading days.\u00c2\u00a0 It achieved a close above its 200 day moving average yesterday, a level it hadn\u00e2\u20ac\u2122t cleanly broken since August of 2014, which has encouraged traders to add to long positions today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, US retail sales figures disappointed and the USD index hit lows it hadn\u00e2\u20ac\u2122t seen since February.\u00c2\u00a0 With stops being triggered [&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":[1421,1422,124,1387],"class_list":["post-18195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-prices","tag-gold-trading","tag-us-dollar","tag-silver-prices"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18195","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=18195"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18195\/revisions"}],"predecessor-version":[{"id":18196,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18195\/revisions\/18196"}],"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=18195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}