{"id":21749,"date":"2016-11-15T16:55:27","date_gmt":"2016-11-15T23:55:27","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=21749"},"modified":"2016-11-29T17:07:02","modified_gmt":"2016-11-30T00:07:02","slug":"mark-bullion-update-101-27","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-101-27\/","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>11.15.2016 The night of Trump\u00e2\u20ac\u2122s victory in the US presidential election had the immediate feeling of Brexit all over again\u00e2\u20ac\u00a6 \u00e2\u20ac\u0153smart money\u00e2\u20ac\u009d and the liberal media had, yet again, completely underestimated a political movement and world markets were turned upside down trying to make sense of an entirely unexpected (although it shouldn\u00e2\u20ac\u2122t have been) scenario.\u00c2\u00a0 Just like with Brexit, market participants immediately flocked to the safe haven allure of gold and it shot up $65 as it became clear that Trump would win.\u00c2\u00a0 Unlike with the British referendum though, gold\u00e2\u20ac\u2122s reaction was short lived.\u00c2\u00a0\u00c2\u00a0 The market\u00e2\u20ac\u2122s perception of Trump\u00e2\u20ac\u2122s victory reversed drastically with the USD surging, equities sky rocketing from major intra-night losses, and gold falling off a cliff.\u00c2\u00a0 The USD index and US equities have been on a tear higher since November 8th while gold has shed over $100.\u00c2\u00a0 Volume on the Comex in gold has been enormous, but steadily declining since the election, and it appears that gold is looking to consolidate around these lower levels.\u00c2\u00a0 Support is coming in at $1,200 while resistance is at $1,250.<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"text-decoration: underline;\"><a href=\"\/twenty-dollar-saint-gaudens-gold-coins\">ITM Tradings gold coin of the week.<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>11.15.2016 The night of Trump\u00e2\u20ac\u2122s victory in the US presidential election had the immediate feeling of Brexit all over again\u00e2\u20ac\u00a6 \u00e2\u20ac\u0153smart [&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":[1421,1422,1385,1530],"class_list":["post-21749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-prices","tag-gold-trading","tag-djia","tag-brexit"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21749","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=21749"}],"version-history":[{"count":5,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21749\/revisions"}],"predecessor-version":[{"id":21755,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21749\/revisions\/21755"}],"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=21749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=21749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=21749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}