{"id":20160,"date":"2016-03-29T13:59:26","date_gmt":"2016-03-29T20:59:26","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=20160"},"modified":"2016-04-01T10:19:41","modified_gmt":"2016-04-01T17:19:41","slug":"a-mark-bullion-update-95","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion-update-95\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>March 29, 2016. Returning from the long Easter weekend, the markets were quiet to kick off the week.\u00c2\u00a0 That trend continued into today until Federal Reserve Chair Janet Yellen\u00e2\u20ac\u2122s speech at the Economic Club of New York.\u00c2\u00a0 Yellen stressed that the Federal Reserve will take a cautious approach to future rate hikes given the uncertain economic outlook.\u00c2\u00a0 She also revealed that should the economy stumble, the Fed will rely on bond purchases to boost it.\u00c2\u00a0 This was largely interpreted as dovish and with stops triggered at $1,230, gold shot up $10 in a matter of minutes.\u00c2\u00a0 Equities also reversed their course and moved higher.\u00c2\u00a0 Gold\u00e2\u20ac\u2122s near term target is $1,243, the fifth point on a down trendline dating back to March 11th.<\/p>\n

Silver perfectly held its 50 day moving average earlier in the morning and has enjoyed modest gains since Yellen\u00e2\u20ac\u2122s speech.\u00c2\u00a0 Support remains at the 50 day moving average while resistance is intact at the double top from yesterday and today of $15.35.<\/p>\n","protected":false},"excerpt":{"rendered":"

March 29, 2016. Returning from the long Easter weekend, the markets were quiet to kick off the week.\u00c2\u00a0 That trend continued […]<\/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":[27,53,1422,1406],"class_list":["post-20160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-federal-reserve","tag-gold-trading","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20160","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=20160"}],"version-history":[{"count":3,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20160\/revisions"}],"predecessor-version":[{"id":20163,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20160\/revisions\/20163"}],"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=20160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=20160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=20160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}