gold price is falling

targeted the recent gold price is falling, Fu Peng, this is not the end of the past decade gold bull market. In the case of the current global debt system continues to expand, growing total debt, and currency over gold hedging hedging, debt can not be ignored. Any other country in the world, including the crisis-stricken Greece will never give up the gold reserves in exchange for liquidity, future gold price movements will still perform well.

gold futures

gold futures intraday price once stood 1,923.70 U.S. dollars, the highest price. New York spot gold prices fall $ 2.20, or 0.14 percent, an ounce to close at 1,559.25 dollars. September 6, 2011 intraday price once stood 1,921.15 U.S. dollars, a record high. This month since the price of gold futures fell 6.4%, and May 16 the price of gold futures hit an intraday 1,526.70 U.S. dollars, setting a December 29, 2011 to low, fear that the gold bull over the past 11 years gains no unsustainable. In April of this year, the central banks as the world's largest gold holders continue to buy gold, the International Monetary Fund (IMF) data show that, Turkey, to mention

price of gold

Investors worried about the Greek crisis could spread to European stock markets and international commodity markets fell sharply last night. Among them, the New York oil price fell below $ 90 mark, the price of gold fell 2 percent. EU officials agreed to its Member States to prepare for the Greek quit rumors of an emergency plan of the euro area, causing the market fears. Yesterday various European and American market is a down sound. Among them, the New York commodity markets crude oil futures for June delivery fell 2.1 percent, to close at $ 89.9 a barrel, and New York oil prices fell below $ 90 mark for the first time this year. Intraday price of gold fell more than 2 percent, the lowest in New York gold futures for June delivery fell $ 1,532.8 / oz or less the same with last week's this year's low to close at 1548.4 U.S. dollars / ounce

gold price rise

New York gold futures prices Wednesday, the biggest drop of nearly two weeks, consecutive three trading days of decline, deterioration of the debt crisis in Europe pushed up the dollar exchange rate market, cut the gold become the preserve and increase the attractiveness of the U.S. dollar, safe-haven investment. NEW YORK, June gold futures fell $ 28.20, or 1.79 percent, to $ 1,548.40 an ounce, the biggest drop since May 8th. September 6, 2011, gold futures intraday price once stood 1,923.70 U.S. dollars, the highest price. More optimistic U.S. economic data at night, April durable goods orders from - 4% rose to 0.2 percent, initial unemployment benefits last week fell to 37 million people since 375 000, May markit initial manufacturing PMI 53.0, once higher commodity, gold rally, morning Fed Dooley was speech that the economic growth, easing the cost will be greater than the gains, while the economic downturn, the earnings will be higher than the cost, if the medium-term inflation will be considered in advance to tighten policy. QE3 out whether the launch depends on the U.S. economic trends. Other news, the Chicago Mercantile Exchange (CME Group) on Thursday lowered crude oil \ Gold futures contract margin. The COMEX 100 gold futures initial margin requirement down to 9,113 U.S. dollars / hand, originally for 10,125 U.S. dollars / hand, dropped 10%; the IMF published data show that the increase in central banks to buy gold, the data show that in Mexico in April to buy 2.9 tons gold, in March to 16.8 tons; Kazakhstan is the fourth consecutive month to increase gold purchases so far this year bought 16.1 tons of gold; Russia and Ukraine, the gold to buy a smaller scale. Philippines, the purchase of 32.1 tons of gold in March, recently the largest single purchase volume;

The gold price the spot gold high in 1681 U.S. dollars / ounce

Range, the spot gold high in 1681 U.S. dollars / ounce, low at $ 1,613 / oz nearby. The gold price yesterday closed at 20 day moving average for the first time since April 13, days, or can see the break up.
Released at noon today by the Bank of Japan rate decision, unanimously decided to maintain the overnight rate target unchanged at 0-0.1%. Bank of Japan also decided to take a new round of additional easing measures, in order to achieve long-term goal of an end to deflation.
The international rating agency, yesterday because of the prospect of the Spanish National economy and budget concerns, announced lowered Spain's sovereign rating. Standard & Poor's announced that Spain's long-term sovereign credit rating from A down to BBB +, the country's short-term sovereign credit rating from A-1 down to A-2, to maintain a negative outlook. Spain's rating was lowered to reflect Standard & Poor's concerns about the deterioration of Spain's 2011-15 annual budget situation,

11 made a member of the London Bullion Market Association HSBC has 2013 average gold price is expected to be reduced from $ 1,800 an ounce to $ 1,775.
GMT 13:46, the gold trading spot price of $ 1,655.79 an ounce, down 0.4% in a single day.
Steel: "As the import duty in India intends to double the lead to the jeweler's gold demand dropped significantly after the U.S. Fed Chairman Ben Bernanke, congressional testimony on February 29, the market for further quantitative easing or other stimulus package is expected to significantly decline, so we average gold price forecast revised down. "U.S. Fed Chairman Ben Bernanke, congressional testimony on February 29, did not make the near future to launch a new wave of monetary stimulus program, or quantitative easing implied, and therefore undermine the market the confidence of the gold.

gold market long-term trend

 gold market long-term  trend
To understand the long-term part of the gold market, first know that the world has been mined gold in the end? According to GFMS gold research units, as of last year, the total area has been mined about 166,600 tons of gold, how to imagine this figure? Yangtian Li, vice manager of the Bank of Taiwan to describe precious metals, if all the 16 tons of gold concentration, the actual formation of a 20 meter cube (dimensions are 20 meters), if the general floor height is 3 meters, the world's gold pile up, about the length and breadth are 7 storeys high capacity.

If a considerable proportion of the gold to the market while at the same, of course, will collapse in the price of gold, is to observe the following parts of the six long-term focus.

Focus on a site about the stability of the gold distribution and

At present, all the distribution ratio of gold stocks, in order of gold ornaments, private investment, the central bank, other casting (industrial), other. Which more than half the proportion of gold ornaments, not only refers to the general family-owned jewelry gold, gilded temples or deities, ancient coins, gold utensils and so classified in the "decorated gold" under; followed by the "private investment" , then the cache, including bars, sovereign fund has a position, such as physical gold ETF.

Understand the stock distribution, the more important is to understand the stability of their respective owners. Yangtian Li said that if ordering by stability, high to low were: official (central bank), religion, containers, cache and traditional gold, other casting (industrial), epidemic gold, ETF and other investment sites.

Focus on two flagship ETF holdings whether the observed sharp decline

Since the stability of the worst parts of the ETF's investment, the need to prioritize observation. Gold soared in recent years, investment in parts, especially the holding spot gold ETF, while the amount of pro-Top 1 of ETF gold comes SPDR, SPDR Gold therefore part of the increase or decrease, as observed long-term loose parts is one of the indicators. Yangtian Li said, SPDR if one day by up to 10 tons, and for some time, is the warning.

August, SPDR had dropped a total of four days of nearly 50 tons of gold was still soaring, but the sharp drop from the SPDR site warning of view, should not be catching high; the price of gold plunged in September , SPDR parts to reduce the limited, but later began to rise, then do not be scrapping low. Yang Tianli remind people it is easy because the decline in investment expansion in disarray, should be evaluated SPDR holdings and other parts of the objective data before making decisions.

Focus on three central banks in emerging long line of investors continued to buy

Although parts of the central bank only 17% of total inventory, but the number of central bank gold release easily dozens of tons, hundreds of tons, the need for close observation. Into a country, keeping up the property (foreign exchange reserves) is the central bank should, fear of property devaluation, the central bank to buy gold is not to make a fortune, the biggest purpose is to hedge. Since buying gold to diversify risk, not to make short-term spreads, so, after the central bank to buy is usually not easily released, and became the highest stability, long line of investors in the gold market.

Long-term investment in gold is still the major central banks in emerging countries, as the world's three major currencies: dollar, euro, Japanese yen, has sovereign credit risk, but why central banks have foreign exchange reserves, largely these three currency assets, seeing three major currencies have become a "platoon vote" concerns, the current proportion of the limited savings bank, especially in recent years earned a large number of foreign central banks in emerging countries, continued to buy gold, there is no sign of loosening.

4 focus deeper debt crisis gold more firmly hold the European Central Bank

While central banks in emerging countries continue to buy, but most pro-gold, and the European Central Bank owed a huge debt, debt payments will not be released? Yang Tianli to Greece, for example, the proportion of gold 76% of its foreign exchange, at first glance a high proportion of the actual number of only 112 tons (late 2010), even if all the cash, only to raise more than 60 billion U.S. dollars, 500 billion for more than dollars of foreign debt, is totally inadequate.

Look at the "pig of the five countries in Europe," the biggest unexploded ordnance Italy, close to 2.2 trillion U.S. dollars foreign debt, Central Bank of the gold, although the amount of 2452 tons, the market value of more than 1300 translation billion, even if all sold, only 5% more than offset The huge debt. The problem is to sell gold stocks, national sovereignty of these countries for credit will be more loss of confidence, so Yang Tianli that deeper debt crisis in Europe, the European Central Bank should be more afraid to sell gold big hands.
 gold market long-term  trend

gold price is sufficient optimism

Because central bank of all the world are crazy in bargain-hunting gold moves, let the gold price is sufficient optimism. The end of September 2011, the international gold price fell to $ 1,543 / ounce range, then the central bank of Russia,

Thailand and other countries are massive bargain-hunting gold. the World Gold Council (WGC) released the third quarter report shows a total of more than three quarters of net central bank buying 148.4 tons of gold,
compared with 66.5 tons in the second quarter more than doubled the amount of net buying, the highest statistics in 2002 the sale of gold by central banks since the highest value. A variety of factors led to the price of gold was bottom after rising again into the channel.
gold price is sufficient optimism