{"id":21816,"date":"2016-11-29T17:07:44","date_gmt":"2016-11-30T00:07:44","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=21816"},"modified":"2016-12-06T17:01:15","modified_gmt":"2016-12-07T00:01:15","slug":"mark-bullion-update-101-28","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-101-28\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

11.29.2016 \"A-Mark-Precious-Metals-Inc\"<\/a>With US equities right around all-time highs and the USD challenging levels it hasn\u00e2\u20ac\u2122t seen in nearly 15 years, gold remains\u00e2\u20ac\u00a6 weak.\u00c2\u00a0 The post-Trump victory euphoria that spurred a massive equity and commodity rally (in base and industrial metals, clearly not in gold) appears to finally be losing some steam though.\u00c2\u00a0 Since election night in the US, gold has fallen from a high of $1,338 to its current level of $1,190, over a 10% drop.\u00c2\u00a0 Physical coin and bar demand in North America has picked up as the market has trended south but the biggest gold ETF has shed over 2,000,000 ounces in that time period.\u00c2\u00a0 After being battered lower in such a short period of time, I would expect for gold to move up from here.\u00c2\u00a0 The market has already factored in a Fed rate hike in December so unless they keep the rate unchanged, it shouldn\u00e2\u20ac\u2122t be a surprise that will rattle the precious metals.\u00c2\u00a0 Near term resistance in gold is coming in at $1,200 while support is at the recent low of $1,170.<\/p>\n","protected":false},"excerpt":{"rendered":"

11.29.2016 With US equities right around all-time highs and the USD challenging levels it hasn\u00e2\u20ac\u2122t seen in nearly 15 years, gold […]<\/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":[1421,1422,124,656,1385],"class_list":["post-21816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-prices","tag-gold-trading","tag-us-dollar","tag-gold-etf","tag-djia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21816","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=21816"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21816\/revisions"}],"predecessor-version":[{"id":21819,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21816\/revisions\/21819"}],"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=21816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=21816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=21816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}