{"id":21524,"date":"2016-09-30T11:13:36","date_gmt":"2016-09-30T18:13:36","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=21524"},"modified":"2016-10-13T16:41:03","modified_gmt":"2016-10-13T23:41:03","slug":"mark-bullion-update-101-22","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-101-22\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

9\/30\/2016 \"A-Mark-Precious-Metals-Inc\"<\/a>Chinese gold imports from Hong Kong totaled 1.64 million ounces in August, down 15% from the same period last year.\u00c2\u00a0 The figure is the lowest monthly import of the year and represents a 45% drop from the 2.9 million ounces imported in July.\u00c2\u00a0 Gold trading at multi-year highs has quelled the appetite of the world\u00e2\u20ac\u2122s largest gold consuming country this year.\u00c2\u00a0 With China heading to a one week holiday in a few days, buying out of Asia should drop substantially during the first week of October.\u00c2\u00a0 Gold is already on tenuous ground and China\u00e2\u20ac\u2122s absence next week may be the catalyst to send it below a convergence of support levels.\u00c2\u00a0 First, there is a trendline that has held nine times since December of last year with support currently at $1,315.\u00c2\u00a0 The 100 day moving average is at $1,310 and psychological support awaits at $1,300.\u00c2\u00a0 If all three of these give way, it could be a swift move in gold down to the 200 day moving average at $1,254.<\/p>\n

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9\/30\/2016 Chinese gold imports from Hong Kong totaled 1.64 million ounces in August, down 15% from the same period last year.\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":[38,1422],"class_list":["post-21524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-china","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21524","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=21524"}],"version-history":[{"count":6,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21524\/revisions"}],"predecessor-version":[{"id":21535,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21524\/revisions\/21535"}],"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=21524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=21524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=21524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}