{"id":20566,"date":"2016-05-26T13:43:48","date_gmt":"2016-05-26T20:43:48","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=20566"},"modified":"2016-06-06T16:04:57","modified_gmt":"2016-06-06T23:04:57","slug":"a-mark-bullion","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/a-mark-bullion\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"<p><a href=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17084 alignright\" src=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg\" alt=\"A-Mark-Precious-Metals-Inc\" width=\"206\" height=\"71\" srcset=\"https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc.jpg 206w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-60x20.jpg 60w, https:\/\/www.itmtrading.com\/blog\/wp-content\/uploads\/2014\/09\/A-Mark-Precious-Metals-Inc-135x46.jpg 135w\" sizes=\"auto, (max-width: 206px) 100vw, 206px\" \/><\/a>5\/26\/2016. With the UK closed this coming Monday for a bank holiday and the US heading into a three day weekend for Memorial Day, the markets are likely to finish out this week quietly.\u00c2\u00a0 The USD has finally started to back off its recent highs with the USD index trading lower for the second day in a row.\u00c2\u00a0 This has not translated into a sustained rally in gold though, participants still view this as a \u00e2\u20ac\u0153sell rally\u00e2\u20ac\u009d type market right now.\u00c2\u00a0 This was exhibited overnight with gold breaking briefly above $1,230 only to find selling pressure to push it back down to the $1,220\u00e2\u20ac\u2122s for the remainder of the US trading day.\u00c2\u00a0 There is a double bottom of support at $1,218 from the past two days with more major support right below at the 100 day moving average of $1,215.50.\u00c2\u00a0<span style=\"color: #3366ff;\">\u00c2\u00a0 <span style=\"text-decoration: underline;\"><strong>Silver<\/strong><\/span><\/span> also failed to sustain gains overnight and trended lower during the US session.\u00c2\u00a0 It closed under its 50 day moving average yet again and $16 is likely the next downside target.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>5\/26\/2016. With the UK closed this coming Monday for a bank holiday and the US heading into a three day weekend [&hellip;]<\/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":[1421,1422,124,1387,1406],"class_list":["post-20566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-prices","tag-gold-trading","tag-us-dollar","tag-silver-prices","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20566","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=20566"}],"version-history":[{"count":4,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20566\/revisions"}],"predecessor-version":[{"id":20587,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20566\/revisions\/20587"}],"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=20566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=20566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=20566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}