2012年9月12日 星期三
Gold QE3
Gold
Gold,QE3
1 once held on 12 and 13 September, the U.S. Fed FOMC meeting, and then release the high side of the message
Season leverage effect of the gold stocks this year will make more in order to be optimistic.
2 strong dollar to become one of the key factors to suppress the gold price trend of the second quarter
3 CD since the second half of the third quarter, the dollar index impact by quantitative easing is expected to rise, the recent trend of strong to weak
The gold break incentives silence for some time pressure on the file, the current station line last year after the technical bulls station upper hand
4 major international brokerage firms have raised gold target price for the end of this year, including JP Morgan, and Goldman Sachs, respectively, in the last week
Raised to $ 1,800 and $ 1,840 an ounce, Barclays Bank also predict the price of gold to $ 1,800 per ounce.
5 gold futures net long positions for the third consecutive weekly increase, 110,004 one thousand from August 14 to September 4 increased significantly to 170,000,
No significant improvement in 6 U.S. economic data, in particular, continued weakness in the job market, high market expectations that the U.S. Federal Reserve is expected to again resorted to a new round of easing
7 over the past two Fed during the implementation of the quantitative easing policy, the price of gold are showing gains of more than 2 percent,
Therefore, when the the market rekindled QE3 expectations, multi-party buying are starting to flood the gold market, and help start a new wave of gains.
2012年8月29日 星期三
The factors of gold price analyzed as follows
The movement of gold price is
mainly influenced by the supply and demand factors. The factors of gold price are
analyzed as follows:
1. Supply
If the supply of gold increases,
then the price of gold fell according to the law of supply and demand. Conversely,
If the supply of gold decreases, then the gold prices rose according to the law
of supply and demand. Therefore, any factors of gold supply will affect the
gold price.
For example, the new applications
of gold mining technology, the discovery of new gold deposits. In this case, the
supply of gold increases, gold prices fell. When miner strike, gold prices rose.
2. Demand
If the demand of gold increases,
then the price of gold rose according to the law of supply and demand. Conversely,
If the demand of gold decreases, then the gold prices fell according to the law
of supply and demand. Therefore, any factors of gold demand will affect the
gold price.
For example, the Chinese New Year,
gold investment boom. In this case, the demand of gold increases, gold prices increases.
Conversely, if the demand for gold is weak, the price of gold fell.
gold price, price of gold fell, law
of supply and demand, The factors of gold price, gold
2012年8月19日 星期日
Gold to restore the gains in three of conditions
The first is the debt crisis in Europe is heating up again, to promote the inflow of funds into gold as a hedge. Second is the world's major central banks, especially the U.S. Federal Reserve (Fed), launched a new one of quantitative easing (QE), which led to the devaluation of paper money. 3:00 is the most important, namely India and China must increase the demand for physical gold.China, India is a global gold before the big buyer, the previous quarter, demand both fell. The second quarter of India's gold demand to 181.3 tonnes, dropped by 38 percent over the same period last year, shrinking by 13% than the first quarter of reasons levied on gold import duty, the rupee and slowdown in economic growth. Even if the second half of the demand and flat in the first half of the total gold demand this year is only about 778 tonnes, about 184 tons less than last year.The second quarter gold demand in China dropped by 43 percent over the previous quarter to 144.9 tonnes, the second half of the demand and the first half of equivalent total demand will be approximately 800 tonnes, only 29 tonnes more than last year. With the inflation annual rate of 1.8% and the slowdown in the economy, the second half of the demand it is difficult to rebound sharply.View last year's support price of gold climbed arrived in a new high of three factors: The euro zone disintegration accompanied by quantitative easing worries that the central bank to buy a large scale, in India the strong economic expansion driven by demand and inflation concerns. Today, Indian inflation concerns cool, but it faces a slowing; the possibility of the disintegration of the euro area has lower than the end of last year and the first half of this year; the Fed and other major Western central banks may still be dishing out the QE, but the possibility of reduced.
2012年7月30日 星期一
the gold the breakthrough triangle resistance
After the gold the breakthrough triangle resistance, the technical trend to gradually improve short-term moving average line has to rise above the center line moving average midline moving average rebounded, and is currently a high consolidation, short-term support and resistance were 100 Antenna $ 1614and mid-June, the high resistance of $ 1,633. To follow recommendations to invest in the gold price up to wear $ 1,615 to establish long positions in London gold investors, we can maintain the target price at $ 1 630, the stop price is $ 1,605.
Federal Reserve Board on Thursday (2) the early morning announcement on interest rates, the results of the meeting, the ECB will publish the results the same evening, the two meeting on interest rates of no measures or implied introduced stimulus measures, is expected to fall may will lead to gold slowed down.
Other precious metals generally rose yesterday, September silver futures closed up $ 0.53, or 1.95 percent, to close at $ 28.03; October platinum futures rose $ 3.6, or 0.26 percent, to close at $ 1,411.8; 9 month palladium futures rose $ 16.5, or 2.89 percent, to close at $ 588.35.
2012年6月30日 星期六
gold-based configuration
This week, the currency allocation of currency in gold-based configuration accounted for 100%. The configuration of gold 100% largely as a result of what analysts were quite optimistic about the fourth quarter gold restart the rally. As the economic data released last week were generally as expected, numerous creators, such as the euro zone data to a new low, analysts expect the current global economic uncertainty is still high, the market, hedge funds will have the opportunity to gold as a hedge.
Statistics according to the latest report of the World Gold Council, India and China is the world's top two main gold consumer demand in countries with per capita income in China and India gradually increase the demand for gold entity is expected to continue to rise, because traditionally, in the fourth quarter to next year the first quarter of the traditional wedding season in India and China, it is expected that the two countries' demand for gold entity will effectively drive up the price of gold.
In addition to China and India to buy gas rise will drive gold, analysts believe demand for Asian central banks for gold will be increased simultaneously, in addition to Asian central bank gold holdings account for the gross national product, compared to Europe and the U.S. central bank is low, stock absolute holdings of the space, Asian central banks is full of the hands of the euro and U.S. dollar foreign exchange reserves, is also an important motivation for the central bank to purchase gold, which is the euro, although EU leaders reached a consensus on European credit , but the actual implementation of the capacity will be subject to market and the test of time, the euro was the possibility of long-term holding, analysts believe that is still a big question mark, so, gold will be re-identified as the best market hedging products, gold will restart the rally, pre-The estimated first quarter of gold will have a wave of new market.
2011年8月11日 星期四
Global stock market rebound
Global stock market rebound, the Chicago Mercantile Exchange Group (CME Group) and raise gold futures margin, 11 international gold price $ 1,800 an ounce in the history of breaking up after the price fell back; copper is limited by U.S. jobless claims fall unexpectedly profitable incentives, record the largest gain since mid-March.
New York, December gold price closed down $ 32.80, or 1.8 percent, to close at $ 1,751.50 an ounce, the highest since June 23, the largest decline. Earlier, gold rose as much as 1.9 percent, to 1,817.60 dollars.
Standard & Poor's cut its top credit rating of U.S. debt, causing market turmoil, the international price of gold rose before the 3 day total of 8%. Debt crisis both in Europe and America, the place of gold as hedge funds, gold soared over the past year to 46%.
New York, December gold price closed down $ 32.80, or 1.8 percent, to close at $ 1,751.50 an ounce, the highest since June 23, the largest decline. Earlier, gold rose as much as 1.9 percent, to 1,817.60 dollars.
Standard & Poor's cut its top credit rating of U.S. debt, causing market turmoil, the international price of gold rose before the 3 day total of 8%. Debt crisis both in Europe and America, the place of gold as hedge funds, gold soared over the past year to 46%.
2011年7月18日 星期一
Exhibition hedge gold charm with a new high
Investors interpreted Bernanke 13, then the Fed may introduce Q E3, but this clarification 14 Bernanke, the Fed is not yet prepared to take further action, the international price of gold fell in intraday trading. However, the debt crisis spreading in Europe, and investors concerns about the U.S. debt, continues to support higher gold prices. The commodity market restless, rising investor risk aversion, have chosen to buy gold as a hedging tool, to support the continuation of the gold rally, breaking the previous high point. Although the 15th week after two days rose to limited, but the international price of gold is still out of the rare "ten with Yang," Continuous Refresh high record. Currently, the international spot price of gold has been above $ 1,590 an ounce on the station.
The world's largest gold ETF positions also showed confidence in the market for gold, at 15, ETF-SPDR GoldTrust to 1236 tons of gold holdings, total holdings of 30.6 tons the week for the first time this year, large-scale Masukura .
15th week of the oil price shocks into the pattern again. As the week closed, New York light sweet crude for August delivery futures prices for the third consecutive week of gains. London, September Brent crude oil futures prices fell slightly in the week.
Look at the price of gold did not support the loose
Last week, benefited from a substantial risk aversion in the market to heat up, driving the price of gold hit record highs, rising for nine days or up to 7% of the total, the highest since October 2006, the longest period of continuous walking Yang, the uncertain economic outlook and European debt issues make gold much of favor.
U.S. Federal Reserve (Fed) Chairman Ben Bernanke in Congress, said recent economic recovery is still weak, will carefully observe the economic slowdown in the rate of deterioration and inflation to determine the subsequent policy measures. U.S. debt default and warned the U.S. and global economy will be catastrophic events, while the U.S. president and members of Congress last week, Obama has not made significant progress in negotiations. Budget negotiations delayed for so long makes the possibility of speculation technical default, Moody's has been the U.S. Aaa government bond rating on negative watch list, brings strong support for gold.
European debt issues continue to simmer, followed by the Greeks, the credit rating agency has also been named in Italy. And second-tier country euro zone bond yields climbing, lead investor for the sovereign debt crisis will spread to Italy and other core economies panic, driven turbulent market, a lot of money into safe-haven assets. If delays in the European finance ministers agreed to a favorable price movements.
12 release of "Gold Yearbook 2011", although the consultancy GFMS forecasts gold mining services company in the short term gold price will fall, but the institutional and private investors, investment enthusiasm for gold remains high, especially in China investment and official strong growth in net purchases. In the debt crisis and supported by strong demand, making the second half of GFMS gold's bullish trend is expected to break through the $ 1,600 barrier.
From the technical analysis, an unusually strong upward trend on map, but not even close to bring out the red bar under the lead of 9, suggesting that recent or digested anti-inflation hedge and good news, although the MACD is still bullish, but random indicators fall tendency, and the more deviation from the 5 day moving average chart position, there will not rule out short-term profit-taking selling pressure, the resistance above the $ 1,600 mark concerned. In view of the increased volatility in the short-term financial system, the proposed bargain-hunting investors cloth more sustainable and strict risk management.
Market Review: gold again last week by the International Department of surfaces affect the consumer, rose $ 54.
Reach the $ 1,594 maximum, minimum $ 1,540, closing $ 1593.
1. EU Bank Authority on Friday announced the latest bank stress test results, showed that eight banks are not qualified, even though the test results over the previous year a more, but the capital shortfall of 25 billion euros, lower than last year. However, due to debt problems in Europe caused by the macro uncertainty, the strong performance of gold. European debt crisis is far from resolved, with the August 2 deadline approaching, the U.S. debt problem has become the focus of the market. Rating agency Standard & Poor's (Standard &;;; Poor's) said on Friday that the U.S. "AAA" long-term sovereign credit rating and "A-1 +" short-term sovereign credit rating placed on negative watch. The agency said that at least 50% chance to cut the United States within three months of ratings. Previously, Moody's analysts also said that once the U.S. government not been able to pay the debt, the rating will be lowered the next day, the U.S. has been downgraded, it may not return to a period of time AAA rating 2 survey by Nielsen a survey the company report on Sunday also showed that due to the uncertain economic outlook, the euro zone debt crisis deepened and increased inflation makes people more cautious, the global consumer confidence index fell in the second quarter, year and a half minimum.
The world's largest gold ETF positions also showed confidence in the market for gold, at 15, ETF-SPDR GoldTrust to 1236 tons of gold holdings, total holdings of 30.6 tons the week for the first time this year, large-scale Masukura .
15th week of the oil price shocks into the pattern again. As the week closed, New York light sweet crude for August delivery futures prices for the third consecutive week of gains. London, September Brent crude oil futures prices fell slightly in the week.
Look at the price of gold did not support the loose
Last week, benefited from a substantial risk aversion in the market to heat up, driving the price of gold hit record highs, rising for nine days or up to 7% of the total, the highest since October 2006, the longest period of continuous walking Yang, the uncertain economic outlook and European debt issues make gold much of favor.
U.S. Federal Reserve (Fed) Chairman Ben Bernanke in Congress, said recent economic recovery is still weak, will carefully observe the economic slowdown in the rate of deterioration and inflation to determine the subsequent policy measures. U.S. debt default and warned the U.S. and global economy will be catastrophic events, while the U.S. president and members of Congress last week, Obama has not made significant progress in negotiations. Budget negotiations delayed for so long makes the possibility of speculation technical default, Moody's has been the U.S. Aaa government bond rating on negative watch list, brings strong support for gold.
European debt issues continue to simmer, followed by the Greeks, the credit rating agency has also been named in Italy. And second-tier country euro zone bond yields climbing, lead investor for the sovereign debt crisis will spread to Italy and other core economies panic, driven turbulent market, a lot of money into safe-haven assets. If delays in the European finance ministers agreed to a favorable price movements.
12 release of "Gold Yearbook 2011", although the consultancy GFMS forecasts gold mining services company in the short term gold price will fall, but the institutional and private investors, investment enthusiasm for gold remains high, especially in China investment and official strong growth in net purchases. In the debt crisis and supported by strong demand, making the second half of GFMS gold's bullish trend is expected to break through the $ 1,600 barrier.
From the technical analysis, an unusually strong upward trend on map, but not even close to bring out the red bar under the lead of 9, suggesting that recent or digested anti-inflation hedge and good news, although the MACD is still bullish, but random indicators fall tendency, and the more deviation from the 5 day moving average chart position, there will not rule out short-term profit-taking selling pressure, the resistance above the $ 1,600 mark concerned. In view of the increased volatility in the short-term financial system, the proposed bargain-hunting investors cloth more sustainable and strict risk management.
Market Review: gold again last week by the International Department of surfaces affect the consumer, rose $ 54.
Reach the $ 1,594 maximum, minimum $ 1,540, closing $ 1593.
1. EU Bank Authority on Friday announced the latest bank stress test results, showed that eight banks are not qualified, even though the test results over the previous year a more, but the capital shortfall of 25 billion euros, lower than last year. However, due to debt problems in Europe caused by the macro uncertainty, the strong performance of gold. European debt crisis is far from resolved, with the August 2 deadline approaching, the U.S. debt problem has become the focus of the market. Rating agency Standard & Poor's (Standard &;;; Poor's) said on Friday that the U.S. "AAA" long-term sovereign credit rating and "A-1 +" short-term sovereign credit rating placed on negative watch. The agency said that at least 50% chance to cut the United States within three months of ratings. Previously, Moody's analysts also said that once the U.S. government not been able to pay the debt, the rating will be lowered the next day, the U.S. has been downgraded, it may not return to a period of time AAA rating 2 survey by Nielsen a survey the company report on Sunday also showed that due to the uncertain economic outlook, the euro zone debt crisis deepened and increased inflation makes people more cautious, the global consumer confidence index fell in the second quarter, year and a half minimum.
2011年7月17日 星期日
gold price is expected to continue to soar
Bloomberg survey, by the all-time record price of gold is expected to continue to soar, mainly due to market reposition itself for more economic stimulus measures the U.S. concerns, with U.S. bonds and debt issues in Europe, pushing up demand for preservation.
Bloomberg survey 27 traders, investors and analysts, 24 of whom believe that gold prices rose this week will be, accounting for 89% of respondents; 1 forecast decline, and two that flat.
Point of view $ 1,760
TheBullionDesk.com analyst Moore (James Moore), said: "Investors are once again turn to gold and other kinds of safe-haven assets, reduce doubts and fears of default."
HSBC (HSBC), said gold analyst James Steele, the current gold price driving factors and is very similar to the second quarter of 2010, the Greek debt crisis and the U.S. stand on the quantitative easing was to promote the record high price of gold. But this rally probably will be more powerful, because now more adverse global financial conditions, and decision makers to choose more limited investment in Aden Report issued report also noted that the financial crisis set off one by one, the price of gold is not up is hard, and rising space "is very large."
Bloomberg survey 27 traders, investors and analysts, 24 of whom believe that gold prices rose this week will be, accounting for 89% of respondents; 1 forecast decline, and two that flat.
Point of view $ 1,760
TheBullionDesk.com analyst Moore (James Moore), said: "Investors are once again turn to gold and other kinds of safe-haven assets, reduce doubts and fears of default."
HSBC (HSBC), said gold analyst James Steele, the current gold price driving factors and is very similar to the second quarter of 2010, the Greek debt crisis and the U.S. stand on the quantitative easing was to promote the record high price of gold. But this rally probably will be more powerful, because now more adverse global financial conditions, and decision makers to choose more limited investment in Aden Report issued report also noted that the financial crisis set off one by one, the price of gold is not up is hard, and rising space "is very large."
per ounce of gold is still received the high price
Last week the U.S. Federal Reserve Board (Fed) Chairman Ben Bernanke (Ben S. Bernanke) for the third round of the bond purchase plan (QE3) attitude over and over again, so that short-term price of gold soaring to appear brakes, gold hit a record high in After a little back, New York received per ounce of gold is still the high price of $ 1590.1.
Gold analysts said the Bank of Taiwan, the U.S. debt default problem surfaced again, with the debt crisis fear has a tendency to expand, pushing up the price of gold last week hit a record high of $ 1,594.45, due to last week's short-term price of gold soaring, not recommended Investors chase high but short-term pullback, can bargain layout.
Analysts said gold breakthrough hit in early May after a record high of $ 1,577.7, research institutions have raised this year and the gold price target. Investigation which Reuters, the global estimate of 15 analysts in the international price of gold next year median $ 1,550, compared with the $ 1,454 survey in January this year, by nearly 7%.
Gold analysts said the Bank of Taiwan, the U.S. debt default problem surfaced again, with the debt crisis fear has a tendency to expand, pushing up the price of gold last week hit a record high of $ 1,594.45, due to last week's short-term price of gold soaring, not recommended Investors chase high but short-term pullback, can bargain layout.
Analysts said gold breakthrough hit in early May after a record high of $ 1,577.7, research institutions have raised this year and the gold price target. Investigation which Reuters, the global estimate of 15 analysts in the international price of gold next year median $ 1,550, compared with the $ 1,454 survey in January this year, by nearly 7%.
2011年7月15日 星期五
Gold price "full of endless imagination."
Gold price "full of endless imagination."
Global financial markets disaster constantly, pushing up the price of gold hit a record high Thursday in New York gold futures to $ 1,594 an ounce. Market participants believe that gold will continue to soar, and this rally last year, compared with I am afraid "of no less than."
The debt crisis had let the situation was bad enough, coupled with the recent Fed Chairman Ben Bernanke (Ben Bernanke) and the credit rating agency Moody's (Moody) statement, so that rapid global investors panic index soared high, but this Coke Bad gold family, and for them, gold higher space really "full of endless imagination."
Global financial markets disaster constantly, pushing up the price of gold hit a record high Thursday in New York gold futures to $ 1,594 an ounce. Market participants believe that gold will continue to soar, and this rally last year, compared with I am afraid "of no less than."
The debt crisis had let the situation was bad enough, coupled with the recent Fed Chairman Ben Bernanke (Ben Bernanke) and the credit rating agency Moody's (Moody) statement, so that rapid global investors panic index soared high, but this Coke Bad gold family, and for them, gold higher space really "full of endless imagination."
2011年7月14日 星期四
Gold is a currency or a tradition
Gold is a currency or a tradition? Federal Reserve Chairman Ben Bernanke's answer is a long tradition. But in any event, the boom, the gold and silver prices that people are the properties of gold as an investment tool to re-evaluate, buy and hold to beat inflation expectations.
In the 13th U.S. Congress hearing, Fed Chairman Ben Bernanke and Congressman Paul on gold for some interesting dialogue. Paul asked: "Do you think gold is money?" Bernanke paused and then replied, "No, it is precious." Paul asked again: "It is not money? Even if it has 6,000 years of monetary history. Some people To reverse, you eliminate the laws of economics? "Bernanke replied:" Gold is an asset like U.S. Treasury bonds as. debt is money? not, but the bonds of financial assets. "
No matter how Bernanke look gold, but the gold market to Bernanke's third round of the quantitative easing policy (QE3) suggests that excited. After eight consecutive day of gains in gold futures on Thursday once again refresh record high. 14 Asian trading hours in New York gold futures contract in August rose to an intraday $ 1,594.90 an ounce, or 0.42%, again to refresh the record high. K line chart, with Yang about the formation of 9. Most-active September silver futures contract was ascribed to $ 39.39, or 2.9%.
Continued to rise yesterday, the cause is Bernanke on the economy and in the United States House of Representatives released semi-annual monetary policy testimony. He said that if the U.S. economy continues to grow weak, the Fed may adopt a new monetary stimulus. Last November, the Federal Reserve launched a total of $ 600 billion acquisition of treasury bonds in the second round of quantitative easing (QE2), the end of June this year, this policy has expired. Bernanke said that if economic growth continued weakness, the Fed will continue to back the original $ 600 billion for the acquisition of treasury bonds.
Wednesday (July 13) International spot gold opened 1567.04 yuan / ounce, up to 1587.89 yuan / ounce, minimum $ 1,564.29 / ounce, closing $ 1,580.94 / oz. Shanghai Gold Exchange in investment AU (T + D) 07 月 14 in early trading opened at 327.99 yuan / gram. Shanghai Gold Exchange in investment AU (T + D) 07 月 13 closing settlement weighted average price of 325.58 yuan / gram. 14 July, the People's Bank announced the median price of RMB against the U.S. dollar: 6.4640 yuan.
Index funds (ETF) ─ ─ the world's largest gold index fund (ETF) ─ ─ SPDR gold ETF of its July 14 positions to maintain 1225.41 tons.
United States: Federal Reserve Chairman Ben Bernanke hinted the U.S. Senate published testimony will further relax monetary policy, coupled with investors in Europe intensified concerns about debt, the price of gold rose sharply on Wednesday, COMEX8 month gold closed up $ 23.2 to $ 1,585.5 / oz. Bernanke said the Fed will continue for a long period of time to keep interest rates at very low levels, while the U.S. economy if the economic situation continues to deteriorate colleagues inflation slowed, the Fed is likely to further relax the current monetary policy. By their speech, the dollar index dropped sharply. The EU will again hold an emergency meeting Friday, after the first euro-zone finance ministers acknowledged that Greece will experience some form of debt or breach of contract, and thus help the country reduce debt, and to prevent the crisis spreading to Italy and Spain
COMEX gold future closed at $ 1,585.50 an ounce, or 1.5%
July 13, the New York Mercantile Exchange (COMEX) gold futures hit a record high closing price. Day, COMEX gold future contract closed at $ 1,585.50 an ounce, or 1.5%
Market participants pointed out that this year, gold futures have been hovering at a high. By the United States may launch a new round of economic stimulus measures and the debt crisis continues to worsen, gold hit a record high. Analysts expect gold futures will continue strong
Hedging highlights
Everbright Futures analyst Sun Yonggang yesterday, "International Finance News" reporter, said: "The recent gold rally against inflation by hedging demand and push factors."
Beijing mid-term futures analyst Wuzheng Zheng also said: "First of gold investment demand money from the credit crisis, debt crisis expanding market investors in the euro, the dollar lost confidence in the core currencies, gold investment products to switch to hedge."
Fitch Ratings on July 13 will be Greece long-term foreign and local currency issuer default rating lowered from B + to CCC, only one level higher than the default rating. Euro zone finance ministers had publicly acknowledged that Greece will experience some form of debt or breach of contract, to help the country reduce debt. However, there is concern that the debt crisis has spread to a small country from the euro area core countries such as Italy.
Wuzheng Zheng said: "by the European debt crisis, gold futures from the beginning has been at a high level, even if other commodity futures experienced a collective correction, gold futures did not follow the crowd, showing that hedging demand has been supporting gold."
Technically, the daily chart, the gold continues to rally, Yang received the Eighth and refresh the record high, gold is currently in long speed up state, meaningful technical analysis, focusing on fundamental aspects of the message changes, careful to do a single strict stop loss.
Operation, it is recommended to continue to do more dips mainly refer to do more around the $ 1580, healthy person can do to wait around in $ 1,573 more than an empty one may meet resistance around $ 1590 short, robust suggested waiting to see. Control positions, with a good stop. Chase a single operation to be careful.
Market participants pointed out that this year, gold futures have been hovering at a high. By the United States may launch a new round of economic stimulus measures and the debt crisis continues to worsen, gold hit a record high. Analysts expect gold futures will continue strong
Hedging highlights
Everbright Futures analyst Sun Yonggang yesterday, "International Finance News" reporter, said: "The recent gold rally against inflation by hedging demand and push factors."
Beijing mid-term futures analyst Wuzheng Zheng also said: "First of gold investment demand money from the credit crisis, debt crisis expanding market investors in the euro, the dollar lost confidence in the core currencies, gold investment products to switch to hedge."
Fitch Ratings on July 13 will be Greece long-term foreign and local currency issuer default rating lowered from B + to CCC, only one level higher than the default rating. Euro zone finance ministers had publicly acknowledged that Greece will experience some form of debt or breach of contract, to help the country reduce debt. However, there is concern that the debt crisis has spread to a small country from the euro area core countries such as Italy.
Wuzheng Zheng said: "by the European debt crisis, gold futures from the beginning has been at a high level, even if other commodity futures experienced a collective correction, gold futures did not follow the crowd, showing that hedging demand has been supporting gold."
Technically, the daily chart, the gold continues to rally, Yang received the Eighth and refresh the record high, gold is currently in long speed up state, meaningful technical analysis, focusing on fundamental aspects of the message changes, careful to do a single strict stop loss.
Operation, it is recommended to continue to do more dips mainly refer to do more around the $ 1580, healthy person can do to wait around in $ 1,573 more than an empty one may meet resistance around $ 1590 short, robust suggested waiting to see. Control positions, with a good stop. Chase a single operation to be careful.
2011年7月13日 星期三
gold exceeded $ 1587 The history high price
gold exceeded $ 1587 The history high price European debt crisis continues to climb, risk aversion, the influx of capital caused the gold market, gold prices rising for eight days, two weeks since the rose one hundred U.S. dollars per ounce, gold price per ounce up to last night exceeded 五八 ○ U.S. dollars, surged to one thousand five hundred eighty-seven. Forty-six U.S. dollars, the highest in the history of a new high.
Meanwhile, the NT dollar exchange rate by the impact of NT-denominated gold up more goods, the Bank of Taiwan after-hours book value per gram yesterday, one thousand four hundred sixty-eight yuan soared to a new high of NT, each floor silver money today Gold ornaments broken 五七 ○ ○ fear of NT $.
Gold traders believe Bank of Taiwan, from the technical indicators, gold has shown signs of "overbought" situation, but gold does not seem to come back. Record in the gold price, we may continue upward climb, investors have been holding gold, may be adjourned to hold for a while, waiting for a better selling point.
Gold dealers said the Bank of Taiwan, in the second quarter, third quarter is the traditional season of gold, gold climbed the top in early May, after a reasonable period of entering correct, did not expect the debt crisis in Europe concerns the expansion, gold season ended early yesterday, a new high. In addition to Europe, Italy, Ireland sovereign debt problem is serious, but on Friday the European banks to conduct stress tests, learned that some banks may not pass the Spanish, so that investment funds were "panic", and the funds to gold parking.
Gold dealers said the Bank of Taiwan, in addition to Europe, the U.S. economic situation is also shaking his head. U.S. Department of Labor weak jobs data last week, the market worried about the beginning of August the United States will relax the borrowing limit of the proposal by the U.S. government will shut down into a stalemate.
Coupled with the U.S. Federal Reserve (FED), under the weak economy and weak, has hinted to introduce more liberal monetary policy, let the market expected the U.S. government may introduce QE3 (third round of the quantitative easing policy) or disguised QE3, stimulate international gold Price Fed Chairman Ben Bernanke in a speech last night, after every ounce of gold soared to a one thousand five hundred eighty-seven. Forty-six U.S. dollars, breaking the previous record on May 1, every ounce of one thousand five hundred seventy-seven. Fifty-seven U.S. dollars price, a new record high.
"The recent influx of customers to emerge back on sale!" Bank of Taiwan, said the recent devaluation of the euro, the dollar rose, causing the exchange rate of NT demoted back to the Bank of Taiwan of NT-denominated gold price book soared yesterday after-hours per gram to one thousand four hundred sixty-eight million new high, many customers have to take advantage of high profits.
Meanwhile, the NT dollar exchange rate by the impact of NT-denominated gold up more goods, the Bank of Taiwan after-hours book value per gram yesterday, one thousand four hundred sixty-eight yuan soared to a new high of NT, each floor silver money today Gold ornaments broken 五七 ○ ○ fear of NT $.
Gold traders believe Bank of Taiwan, from the technical indicators, gold has shown signs of "overbought" situation, but gold does not seem to come back. Record in the gold price, we may continue upward climb, investors have been holding gold, may be adjourned to hold for a while, waiting for a better selling point.
Gold dealers said the Bank of Taiwan, in the second quarter, third quarter is the traditional season of gold, gold climbed the top in early May, after a reasonable period of entering correct, did not expect the debt crisis in Europe concerns the expansion, gold season ended early yesterday, a new high. In addition to Europe, Italy, Ireland sovereign debt problem is serious, but on Friday the European banks to conduct stress tests, learned that some banks may not pass the Spanish, so that investment funds were "panic", and the funds to gold parking.
Gold dealers said the Bank of Taiwan, in addition to Europe, the U.S. economic situation is also shaking his head. U.S. Department of Labor weak jobs data last week, the market worried about the beginning of August the United States will relax the borrowing limit of the proposal by the U.S. government will shut down into a stalemate.
Coupled with the U.S. Federal Reserve (FED), under the weak economy and weak, has hinted to introduce more liberal monetary policy, let the market expected the U.S. government may introduce QE3 (third round of the quantitative easing policy) or disguised QE3, stimulate international gold Price Fed Chairman Ben Bernanke in a speech last night, after every ounce of gold soared to a one thousand five hundred eighty-seven. Forty-six U.S. dollars, breaking the previous record on May 1, every ounce of one thousand five hundred seventy-seven. Fifty-seven U.S. dollars price, a new record high.
"The recent influx of customers to emerge back on sale!" Bank of Taiwan, said the recent devaluation of the euro, the dollar rose, causing the exchange rate of NT demoted back to the Bank of Taiwan of NT-denominated gold price book soared yesterday after-hours per gram to one thousand four hundred sixty-eight million new high, many customers have to take advantage of high profits.
gold supply and demand side situation
Analysis of gold supply and demand side situation, Cameron pointed out that the supply of gold mainly from three areas: mining gold, old gold and the official sale of gold recovery. First, because a further increase in gold mining, as well as the rise in global gold scrap, gold supply in 2011 will accelerate growth. 2010 World gold reach 2689 tons of mineral, breaking the 2001 record of 2646 tons, in 2011 total global mine supply will increase by 5%.
"In addition, the central bank over the past few years there has been a significant decline in gold sales, gold sales in 2010 amount to zero. The amount of old gold recovery at a low level so far, but with the rising price of gold, the amount recovered may rebound in the second half . "Cameron said.
On the demand side, Cameron said that gold demand is mainly from the manufacturing demand (manufacturing and industrial demand for gold), investment demand. Among them, the demand for gold led the manufacturing sector is expected to grow this year, the manufacturing sector is expected to total demand for gold will continue to rise in 2011, the total will reach 2882 tons.
Investment demand, first for the diverse needs of official reserves, some countries are the central bank holdings of gold reserves and gold agreement country (CBGA) almost stopped the sale of gold, Cameron Official net purchases of gold that is expected to grow strongly this year.
"Second, so far, institutional and private investors enthusiasm for gold investment is still high, especially in the physical gold bullion and gold coins of investment products." Cameron said, "As the world's major economies will continue to maintain a low or negative real interest rates, and investors in sovereign debt issues and skeptical world's major currencies, we expect investment demand for gold will be in the second half of 2011 to maintain good growth. "
"In addition, the central bank over the past few years there has been a significant decline in gold sales, gold sales in 2010 amount to zero. The amount of old gold recovery at a low level so far, but with the rising price of gold, the amount recovered may rebound in the second half . "Cameron said.
On the demand side, Cameron said that gold demand is mainly from the manufacturing demand (manufacturing and industrial demand for gold), investment demand. Among them, the demand for gold led the manufacturing sector is expected to grow this year, the manufacturing sector is expected to total demand for gold will continue to rise in 2011, the total will reach 2882 tons.
Investment demand, first for the diverse needs of official reserves, some countries are the central bank holdings of gold reserves and gold agreement country (CBGA) almost stopped the sale of gold, Cameron Official net purchases of gold that is expected to grow strongly this year.
"Second, so far, institutional and private investors enthusiasm for gold investment is still high, especially in the physical gold bullion and gold coins of investment products." Cameron said, "As the world's major economies will continue to maintain a low or negative real interest rates, and investors in sovereign debt issues and skeptical world's major currencies, we expect investment demand for gold will be in the second half of 2011 to maintain good growth. "
2011年7月9日 星期六
Buying Gold
Greece renewed debt crisis by crisis to boost the impact of hedging demand, the New York Mercantile Exchange, gold futures prices rose 2% 5.
Day, the market's most actively traded August contract rose $ 30.1 an ounce to close at $ 1,512.7, or 2%.
International rating agency Standard & Poor's debt crisis of Greece 4, said in a statement that if the Greek Federation of Bank of France proposed the implementation of the debt extension plan will be considered selective default, and another rating agency Fitch also hinted that an extension to the Greek debt incur default rating.
Analysts said that although last week the Greek Parliament passed the Government's medium-term economic austerity program to ease the news of a strong market risk aversion, 1 to suppress gold futures fell to 6-week low, but the other rating agencies Standard & Poor's warning that European debt market concerns for increased and sustained inflow of hedge funds and investors Buying Gold support the first two days to recover all the lost ground.
Day, the market's most actively traded August contract rose $ 30.1 an ounce to close at $ 1,512.7, or 2%.
International rating agency Standard & Poor's debt crisis of Greece 4, said in a statement that if the Greek Federation of Bank of France proposed the implementation of the debt extension plan will be considered selective default, and another rating agency Fitch also hinted that an extension to the Greek debt incur default rating.
Analysts said that although last week the Greek Parliament passed the Government's medium-term economic austerity program to ease the news of a strong market risk aversion, 1 to suppress gold futures fell to 6-week low, but the other rating agencies Standard & Poor's warning that European debt market concerns for increased and sustained inflow of hedge funds and investors Buying Gold support the first two days to recover all the lost ground.
spot gold opened at $ 1,529.21 / ounce, hit a high $ 1,534.31
July 7, spot gold opened at $ 1,529.21 / ounce, hit a high $ 1,534.31 / ounce, the lowest dropping to $ 1,523.26 / ounce, closing at $ 1,532.09 / ounce, compared with previous trading day up $ 3.07 / ounce, or 0.20% .
Comex-8-month gold futures opened at $ 1,529.7 / ounce to close at 1532.4 U.S. dollars / ounce, compared with the previous day up 3.4 U.S. dollars / ounce, or 0.22, the highest reach $ 1,534.9 / ounce, the lowest dropping to $ 1,523.2 / oz. .
Fundamentals:
Bank of England on Thursday (7 July) announced that it will keep interest rates unchanged at a record low of 0.5%, the recovery of the UK downturn worries overshadowed the impact of inflation is higher than the target. Bank of England and maintain the quantitative easing 2,000 one hundred million pounds in the same amount. Bank of England Committee to vote 7-2 to keep interest rates unchanged at 0.5% level, in order to maintain the quantitative easing by the scale of 8:1 unchanged.
European Central Bank on Thursday (7 July) announced the increase of interest rates by 25 basis points to 1.50%, to curb a threat to the eurozone purchasing power of the inflationary pressures.
European Central Bank (ECB) President Jean-Claude Trichet (Jean-Claude Trichet) Thursday (July 7) has not issued a clear signal to raise interest rates further and warned that the pace of economic growth in the euro area slowed slightly. Trichet also said the European Central Bank to suspend the minimum credit standards for Portugal, the move to suspend the rating until further notice. And Portugal, the European Central Bank will soon issue a press release of collateral. Greek debt on the recent events of default, Trichet said, to avoid credit events and default status. And calls upon States to make his return to a sustainable public debt path, and structural reforms as soon as possible.
Malaysian statutory deposit reserve ratio by 100 basis points to 4.0%.
U.S. ADP employment growth in June, 15.7 million people, expected growth of 7.0 million. U.S. July 2, the beginning of the week's seasonally adjusted jobless claims-week average 42.475 million. June 25, when the U.S. seasonally adjusted weekly jobless claims up to 368.1 million, expected 3.7 million.
The world's largest gold exchange-traded fund (ETF) - SPDR Gold Trust, said as of July 6, its only gold positions to maintain the same level of 1,205.81 tons
Comex-8-month gold futures opened at $ 1,529.7 / ounce to close at 1532.4 U.S. dollars / ounce, compared with the previous day up 3.4 U.S. dollars / ounce, or 0.22, the highest reach $ 1,534.9 / ounce, the lowest dropping to $ 1,523.2 / oz. .
Fundamentals:
Bank of England on Thursday (7 July) announced that it will keep interest rates unchanged at a record low of 0.5%, the recovery of the UK downturn worries overshadowed the impact of inflation is higher than the target. Bank of England and maintain the quantitative easing 2,000 one hundred million pounds in the same amount. Bank of England Committee to vote 7-2 to keep interest rates unchanged at 0.5% level, in order to maintain the quantitative easing by the scale of 8:1 unchanged.
European Central Bank on Thursday (7 July) announced the increase of interest rates by 25 basis points to 1.50%, to curb a threat to the eurozone purchasing power of the inflationary pressures.
European Central Bank (ECB) President Jean-Claude Trichet (Jean-Claude Trichet) Thursday (July 7) has not issued a clear signal to raise interest rates further and warned that the pace of economic growth in the euro area slowed slightly. Trichet also said the European Central Bank to suspend the minimum credit standards for Portugal, the move to suspend the rating until further notice. And Portugal, the European Central Bank will soon issue a press release of collateral. Greek debt on the recent events of default, Trichet said, to avoid credit events and default status. And calls upon States to make his return to a sustainable public debt path, and structural reforms as soon as possible.
Malaysian statutory deposit reserve ratio by 100 basis points to 4.0%.
U.S. ADP employment growth in June, 15.7 million people, expected growth of 7.0 million. U.S. July 2, the beginning of the week's seasonally adjusted jobless claims-week average 42.475 million. June 25, when the U.S. seasonally adjusted weekly jobless claims up to 368.1 million, expected 3.7 million.
The world's largest gold exchange-traded fund (ETF) - SPDR Gold Trust, said as of July 6, its only gold positions to maintain the same level of 1,205.81 tons
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