{"id":18265,"date":"2015-06-18T14:25:28","date_gmt":"2015-06-18T21:25:28","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18265"},"modified":"2015-07-07T16:42:02","modified_gmt":"2015-07-07T23:42:02","slug":"a-mark-bullion-update-35","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-35\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>On the heels of the US Federal Reserve signaling that it will be even more cautious than expected in the shift towards monetary policy normalization, gold rallied to three week highs today.\u00c2\u00a0 Traders had positioned themselves on the short side of gold recently based on positive US data but they were caught off guard with yesterday\u00e2\u20ac\u2122s FOMC statement.\u00c2\u00a0 Short covering was a clear aspect of gold\u00e2\u20ac\u2122s positive price action today in which the yellow metal gained nearly 2%.\u00c2\u00a0 While the move was encouraging, gold wasn\u00e2\u20ac\u2122t able to break through the key technical resistance level of its 200 day moving average at $1,206.50.\u00c2\u00a0 This is the near term figure to keep an eye on with $1,230 the next major area above it.\u00c2\u00a0 Silver had a more disappointing day than gold and demonstrated how it is not considered in the same class of inflationary hedge as gold.\u00c2\u00a0 Silver made an intraday high at its 50 day moving average of $16.48 but lost steam and retreated to close its session at $16.20.<\/p>\n","protected":false},"excerpt":{"rendered":"

On the heels of the US Federal Reserve signaling that it will be even more cautious than expected in the shift […]<\/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":[53,1422,1387],"class_list":["post-18265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-federal-reserve","tag-gold-trading","tag-silver-prices"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18265","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=18265"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18265\/revisions"}],"predecessor-version":[{"id":18266,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18265\/revisions\/18266"}],"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=18265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}