{"id":20862,"date":"2016-06-28T16:01:18","date_gmt":"2016-06-28T23:01:18","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=20862"},"modified":"2016-07-06T13:47:54","modified_gmt":"2016-07-06T20:47:54","slug":"mark-bullion-update-101-10","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-101-10\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"A-Mark-Precious-Metals-Inc\"<\/a>6.28.2016. In a move that sent shockwaves through every financial market, the UK voted to exit the European Union on Friday of last week.\u00c2\u00a0 Gold<\/strong><\/span><\/a> immediately skyrocketed from the low $1,250s all the way up to over $1,360 with the price jumping all over the place for a large chunk of Friday\u00e2\u20ac\u2122s early trading session.\u00c2\u00a0 The fallout from the referendum has been substantial.\u00c2\u00a0 Equities, especially financial institutions, have been hammered, UK credit was downgraded by a variety of credit agencies, UK 10 year yields declined below 1% for the first time on record, and the GBP has lost over 10%.\u00c2\u00a0 This is just the immediate reaction to the referendum.\u00c2\u00a0 Many economists posit that this move by the United Kingdom could just be a \u00e2\u20ac\u0153canary in the coalmine\u00e2\u20ac\u009d of further global economic distress.\u00c2\u00a0 Investor anxiety in other financial markets has already translated into gains for gold and this should continue to be true in the near term.\u00c2\u00a0 Dips down to $1,300 will likely find sizable bids while overhead resistance is coming in at $1,360.<\/p>\n","protected":false},"excerpt":{"rendered":"

6.28.2016. In a move that sent shockwaves through every financial market, the UK voted to exit the European Union on Friday […]<\/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":[51,58,1534],"class_list":["post-20862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-euro","tag-global-economic-crisis","tag-european-union"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20862","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=20862"}],"version-history":[{"count":5,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20862\/revisions"}],"predecessor-version":[{"id":20868,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/20862\/revisions\/20868"}],"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=20862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=20862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=20862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}