{"id":21896,"date":"2016-12-14T08:32:46","date_gmt":"2016-12-14T15:32:46","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=21896"},"modified":"2016-12-20T16:53:28","modified_gmt":"2016-12-20T23:53:28","slug":"mark-bullion-update-101-29","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-101-29\/","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>12.14.2016 ALL EYES ON THE FED!\u00c2\u00a0 The much anticipated December FOMC meeting finally arrives tomorrow with 100% of economists polled on Bloomberg anticipating a rate hike.\u00c2\u00a0 While the decision tomorrow already seems like a foregone conclusion, activity this week has been muted ahead of it.\u00c2\u00a0 Today, the February gold contract had its smallest volume day (137,000 lots) since it became the active Comex futures contract a few weeks ago.\u00c2\u00a0 Coin and bar demand in North America is lackluster and the SPDR gold ETF continues to shed ounces, hitting 7 month lows this week.\u00c2\u00a0 Barring excessively hawkish commentary from the FOMC tomorrow though, gold has a decent chance to move higher from current levels.\u00c2\u00a0 It has lost $150 in the span of 1.5 months and has already priced in the probability of a rate hike.\u00c2\u00a0 Tentative support is coming in at $1,150 while psychological resistance at $1,200 is the level to watch overhead.<\/p>\n<p style=\"text-align: center;\"><a href=\"\/ira-approved-precious-metals\"><em><span style=\"text-decoration: underline;\">Buy Gold and Silver IRA Approved Products<\/span><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>12.14.2016 ALL EYES ON THE FED!\u00c2\u00a0 The much anticipated December FOMC meeting finally arrives tomorrow with 100% of economists polled on [&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":[27,53,1421,1422],"class_list":["post-21896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-american-economy","tag-federal-reserve","tag-gold-prices","tag-gold-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21896","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=21896"}],"version-history":[{"count":4,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21896\/revisions"}],"predecessor-version":[{"id":21900,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/21896\/revisions\/21900"}],"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=21896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=21896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=21896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}