While bargain-hunting time until they drop gold

REVIEW: Gold into shock after July has been down, investors do not know whether the price of gold has been in the end. Yesterday, reporters interviewed several professionals who believe that gold has not dropped in the end, eight, early in September, or are bargain-hunting opportunity.

Stock market volatility again, many investors do not know whether now is really the bottom. The same problem plagued the gold investor. Gold has been shock after the beginning of July down, investors do not know whether the price of gold has been in the end. Yesterday, reporters interviewed several professionals who believe that gold has not dropped in the end, eight, early in September, or are bargain-hunting opportunity.

U.S. dollar, gold both down

Gold fell as the main theme into July. New York Mercantile Exchange Wednesday August gold futures contract fell 6.3 U.S. dollars an ounce to close at 1181.9 U.S. dollars, down 0.5%, a record closing price since May 21 the lowest since. New York Stock Exchange Thursday August gold futures contract closed flat at 1,187.4 U.S. dollars. At 5:53 p.m. on the 22nd, the international price of gold at 1187.20 U.S. dollars.

Another cause of concern to investors of information: As of July 20, 2010, the world's largest gold ETFs positions 7 total 1586.238 tons, and the previous day less than 6.083 tons. The decline in recent months, the biggest reduction, bearish for gold prices.

How to understand the current trend in gold? Yesterday, reporters connect the headquarters of Shanghai Sunrise Bank senior gold analyst Dr. Jiang Shu, he believes that in recent phase of the dollar and gold both fell, just that along is debt crisis will soon end. Prior to close ranks with the U.S. dollar rose gold is the debt crisis in Europe triggered by the unexpected events caused by people's risk aversion. Currently, investors have been gentle mood. Even Spain, bond credit rating downgrades, and investors did not panic again.

Jinhui Futures Shenzhen Branch Vice President, senior gold analyst Lin Yuhui believes that the original price of gold should be down into the second quarter, is Euro debt crisis stimulated the gold, super gold up front, the initial stability of the current global economy, gold price technical correction to the normal price range.

1150 U.S. dollars to buy the following?

Lin Yuhui remind investors speculate in gold and in addition to concern about supply and demand side, but also should be concerned about liquidity. Enter in September, traditionally the peak season demand for gold has begun to enter, usually gold will start ahead of schedule. He believes that gold next month at the bottom of, early in September to start at the chance to do more in the end of August, early September there. But he did not think gold will tumble deep minimum in between 1120 to 1140 U.S. dollars. Once the price of gold fell to 1,150 U.S. dollars / ounce, is the watershed. Under this price can do more bold buy, buy every drop is a good opportunity to buy to hold after the end of the year or next January. Gold futures investment analyst Su-front view, from a technical perspective gold is in the slow down into the bottom of the most important support points located at 1100 U.S. dollars, more than those who do not present admission.

At the end gold will be high?

Lin Yuhui analyzed that a slight loosening of the current signs of bank credit, in the second half is estimated that this would be more obvious once the banks loose money, inflation is expected to be back again, gold will be ready to make trouble. Gold prices likely to end a new high. Then from the largest economy in the run cycle, the global economy is still in early stages of recovery, monetary and economic upheaval is inevitable. Once again came the bad news triggered turmoil, gold will Shangcuan.

Jiang Shu remind investors concerned about the U.S. economic data this month. He predicted the U.S. economic data will not be as good as people think, not so bad as the pessimists think. Second bottom impossible, is unlikely to raise interest rates. Therefore, he predicted the dollar is going up shock, then gold will be followed further down the bottom. He believes that between 1050-1100 U.S. dollars is the bottom of the gold correction, but the high price of gold at the end To be very difficult.

Gold price forecast this year, leading organizations

To larger number of foreign journalists gathered on the gold price forecast. ANZ Bank's latest report noted that the strong euro caused by euro denominated gold carry trade positions open, gold face further adverse effects. The bank forecast in the third quarter average price is 1215 U.S. dollars / ounce, but slipped to the fourth quarter to average 1175 U.S. dollars / ounce.

Royal Bank of Scotland said the latest report. For the second half of this year's gold price, Royal Bank of Scotland reports that gold does not appear impressive performance, expected gold will be in 1200 U.S. dollars / ounce in the vicinity. The bank now expects the average price of gold in 2010 was 1,170 U.S. dollars / ounce.

Standard Chartered Bank in the release of third quarter investment report that will be the next one to three years to regain the gold rally, expected to reach 1,350 U.S. dollars / ounce. The central bank buying of gold as gold's long term factors supporting the dollar weak medium to long term fundamentals will not change, so when the dollar return to the weak, the gold will thus benefit.