{"id":18706,"date":"2015-12-22T16:51:26","date_gmt":"2015-12-22T23:51:26","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=18706"},"modified":"2015-12-22T16:51:26","modified_gmt":"2015-12-22T23:51:26","slug":"a-mark-bullion-update-76","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-76\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>The precious metals aren\u00e2\u20ac\u2122t doing much as market participants already seem to be checked out with attention focused on the holidays.\u00c2\u00a0 At time of writing, volume on the Comex exchange for gold is at a paltry 65,000 contracts and the yellow metal has traded in an unimpressive $7 range today.\u00c2\u00a0 There was a brief moment of activity at 5:30 AM PST when data revealed that third quarter GDP in the US grew by 2.00%, slightly beating estimates of 1.90%.\u00c2\u00a0 Gold sold off from the highs of the session but has since stabilized in the mid $1,070s.\u00c2\u00a0 Near term resistance is at the double top of $1,080 and gold will likely need impetus from other markets to break through this area.\u00c2\u00a0 The euro is up for the third consecutive day but has significant resistance looming overhead at the convergence of its 100 and 200 day moving average around 1.105.\u00c2\u00a0 If the euro can break through this major level, gold has a good chance of moving higher as well.<\/p>\n

Silver is up nearly 4.50% over the last three trading days but is looking vulnerable as gold has sold off from its highs.\u00c2\u00a0 Offers in silver are waiting ahead of $14.50 while dips will likely be bought around psychological support at $14.\u00c2\u00a0 With Christmas and New Year\u00e2\u20ac\u2122s right around the corner, I would expect the precious metals to have relatively muted activity as the year comes to a close.<\/p>\n","protected":false},"excerpt":{"rendered":"

The precious metals aren\u00e2\u20ac\u2122t doing much as market participants already seem to be checked out with attention focused on the holidays.\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":[51,1422,322,1390,1406],"class_list":["post-18706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-euro","tag-gold-trading","tag-precious-metals","tag-a-mark","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18706","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=18706"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18706\/revisions"}],"predecessor-version":[{"id":18708,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/18706\/revisions\/18708"}],"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=18706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}