{"id":19202,"date":"2016-01-26T12:02:13","date_gmt":"2016-01-26T19:02:13","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=19202"},"modified":"2016-01-26T12:02:13","modified_gmt":"2016-01-26T19:02:13","slug":"a-mark-bullion-update-81","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-81\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>Over the last three weeks, the 100 day moving average (currently at $1,106) has rejected gold\u00e2\u20ac\u2122s advances on four separate occasions.\u00c2\u00a0 Yesterday\u00e2\u20ac\u2122s equity market sell off finally encouraged enough safe-haven bids to lift gold over this hump though. Traders who were short gold ahead of the 100 day moving average were forced to cover positions which has allowed gold to reach three month highs this morning.\u00c2\u00a0 Should gold\u00e2\u20ac\u2122s momentum continue upward, the next major resistance level is the 200 day moving average at $1,133, a technical indicator it hasn\u00e2\u20ac\u2122t been above since October of last year.<\/p>\n

Gold\u00e2\u20ac\u2122s inverse correlation to equities has been particularly strong lately.\u00c2\u00a0 The fact that gold is up today while equites are also moving higher is a good sign that it wants to challenge new heights in the near term.\u00c2\u00a0 Recent physical statistics also give credence to gold\u00e2\u20ac\u2122s price action.\u00c2\u00a0 Chinese gold imports from Hong Kong surged to the highest level in two years in December, rising to 3.56 million ounces from 1.89 million in the same month a year ago.\u00c2\u00a0 Gold ETFs have continued to add to positions this year with the largest SPDR ETF currently standing at nearly 21.5 million ounces.\u00c2\u00a0 While not expected to cause too much market angst, keep an eye out for tomorrow\u00e2\u20ac\u2122s FOMC meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the last three weeks, the 100 day moving average (currently at $1,106) has rejected gold\u00e2\u20ac\u2122s advances on four separate occasions.\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":[38,53,1421,1422],"class_list":["post-19202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-china","tag-federal-reserve","tag-gold-prices","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/19202","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=19202"}],"version-history":[{"count":1,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/19202\/revisions"}],"predecessor-version":[{"id":19203,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/19202\/revisions\/19203"}],"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=19202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}