{"id":18308,"date":"2015-07-29T09:49:02","date_gmt":"2015-07-29T16:49:02","guid":{"rendered":"http:\/\/www.itmtrading.com\/?p=18308"},"modified":"2015-07-30T16:54:17","modified_gmt":"2015-07-30T23:54:17","slug":"a-mark-bullion-update-41","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-41\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"<p>China has grabbed everyone\u00e2\u20ac\u2122s attention this week with the Shanghai Composite equity index losing 8% on Sunday night.\u00c2\u00a0 The equity market over there remains on tenuous ground and participants are wondering how long the government can keep the market afloat.\u00c2\u00a0 It is interesting to note that equity weakness has not caused a safe haven flight to gold in the region.\u00c2\u00a0 Physical demand out of China remains weak and the Shanghai gold premium arb versus London spot gold is nonexistent.\u00c2\u00a0\u00c2\u00a0 This lends credence to the theory that gold is being used as collateral or margin in equity accounts in China and losses in equities need to be fulfilled or maintained with the yellow metal.<\/p>\n<p>Starting on July 10th, gold traded lower for seven consecutive sessions.\u00c2\u00a0 It is finally starting to consolidate a bit this week.\u00c2\u00a0 Support is at $1,070 while any brief rally has been sold into around $1,100.\u00c2\u00a0 Silver has held up surprisingly well during gold\u00e2\u20ac\u2122s meltdown.\u00c2\u00a0 Its current range is defined between $14.50 &#8211; $15.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has grabbed everyone\u00e2\u20ac\u2122s attention this week with the Shanghai Composite equity index losing 8% on Sunday night.\u00c2\u00a0 The equity market [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[38,1421,1422,1387,1406],"class_list":["post-18308","post","type-post","status-publish","format-standard","hentry","category-blog","tag-china","tag-gold-prices","tag-gold-trading","tag-silver-prices","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18308","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=18308"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18308\/revisions"}],"predecessor-version":[{"id":18309,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18308\/revisions\/18309"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=18308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}