{"id":22321,"date":"2017-02-14T09:37:05","date_gmt":"2017-02-14T16:37:05","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=22321"},"modified":"2017-02-22T16:43:48","modified_gmt":"2017-02-22T23:43:48","slug":"mark-bullion-update-5","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/mark-bullion-update-5\/","title":{"rendered":"A-Mark Bullion Update"},"content":{"rendered":"

\"\"<\/a>2.14.2017 With the USD on the offensive and the Dow Jones reaching all-time highs yet again, the precious metals slid lower to kick off the week.\u00c2\u00a0 Trading conditions were muted and gold managed to hold above its 100 day moving average at $1,220 for the second day in a row.\u00c2\u00a0 This is clearly the short term level to watch and a break below it could lead to a swift move down to psychological support at $1,200.\u00c2\u00a0 While US equities keep ripping higher, there is clearly some anxiety in the market as investors continue to add to ETF holdings.\u00c2\u00a0 ETFs added 186,000 oz on Friday, the fifth straight day of adding to the position.\u00c2\u00a0 Silver had a strong close to last week, finishing above its 100 day moving average at $17.91 and crossing above a five point trendline dating back to the high of $49.80 in 2011.\u00c2\u00a0 Technically, it faked out traders though as it backed off its highs today and moved lower with the rest of the precious metals complex.\u00c2\u00a0 Its 100 day moving average plus the double top at $18 formed over the last two trading days are now imposing overhead resistance levels.\u00c2\u00a0 Keep an eye out for FOMC Chair Janet Yellen\u00e2\u20ac\u2122s semi-annual report to the Senate tomorrow at 7 AM PT.<\/p>\n

Precious metal buyers are taking a good look at silver.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

2.14.2017 With the USD on the offensive and the Dow Jones reaching all-time highs yet again, the precious metals slid lower […]<\/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":[1422,124,1385,1406],"class_list":["post-22321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-gold-trading","tag-us-dollar","tag-djia","tag-silver-trading"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22321","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=22321"}],"version-history":[{"count":5,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22321\/revisions"}],"predecessor-version":[{"id":22326,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/22321\/revisions\/22326"}],"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=22321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=22321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=22321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}