{"id":21220,"date":"2016-08-16T16:59:38","date_gmt":"2016-08-16T23:59:38","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=21220"},"modified":"2016-08-23T15:59:14","modified_gmt":"2016-08-23T22:59:14","slug":"mark-bullion-update-101-16","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-101-16\/","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>8.16.2016. As has been typical during this last month of summer so far, it has been yet another quiet start to the week for the precious metals.\u00c2\u00a0 Gold remains range bound with support at the recent double bottom of $1,330 and resistance at $1,360, the seventh point on a trendline dating back to July 6th.\u00c2\u00a0 After an incredible first half of the year, the market\u00e2\u20ac\u2122s interest in gold appears to be fading of late.\u00c2\u00a0 On Friday, total assets in exchange-traded funds dropped by 420,000 toz, the largest drop of the year.\u00c2\u00a0 Comex net long positions have fallen for the fourth time in the last five weeks.\u00c2\u00a0 Yesterday, US Securities and Exchange Commission filings showed that George Soros sold most of his SPDR Gold ETF shares in the second quarter.\u00c2\u00a0 Leveraged money certainly seems to be growing wary of gold exposure as the summer comes to a close.<\/p>\n<p>Keep an eye out for the FOMC tomorrow at 11 AM PT.<\/p>\n<p><a href=\"https:\/\/www.itmtrading.com\/buy-gold\"><span style=\"text-decoration: underline;\">Owning physical gold is the safest way to own gold!<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>8.16.2016. As has been typical during this last month of summer so far, it has been yet another quiet start to [&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],"class_list":["post-21220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-prices","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21220","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=21220"}],"version-history":[{"count":4,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21220\/revisions"}],"predecessor-version":[{"id":21231,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21220\/revisions\/21231"}],"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=21220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=21220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=21220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}