2010年7月26日星期一

Limited range of indicators down gold demand callback

Last Friday a maximum 1204, minimum 1183, to close at 1188.40, volatility 21 yuan, ETF positions remain unchanged. Date Line closing out a long shadow down the Yin Xian, sub-plate, gold dropping as 1192, after supporting the formation of small double bottom bounce higher and European trading location breakthrough 96-1202 resistance began to fall to the 1196 line support to create a 1204 near the high point, 1196 rebound after the sharp decline to 1200 blocked to decrease the formation of the next break upward gap of 96 to 88 along the line, rebounded to 1195 fell below the resistance once again, set to close at the end of 1186 in the vicinity. Weekly gain last week, a cross-Star, this week, closing last week on line, on line income is not a foregone conclusion on the 1218 income Yin, five Lianyin weekly show, on line shock down, currently running between the flag order. ETF began in March this year, a substantial jiacang, April, May, June have jiacang 29.18 tons, 108.93 tons and 52.51 tons, in July to lighten up 18.39 tons, and the prices decreased limited.

Pressure test results boost the gold market outlook remains bearish euro

Friday released the final of Europe's banks stress test results, among the 91 banks have failed to pass seven organizations, the European Banking Regulatory Commission, the stress test, seven banks need to add capital to 3.8 billion euros (4.5 billion dollars), although the test results before the publication of the rigor of its testing and the credibility of the doubt by the market, but in the Friday market, or to give a positive response, the euro-dollar exchange rate once to 1.41000, the highest since 5 months a new high. This IG Markets senior market analyst Dan - Cook (Dan Cook) said: Indeed, many analysts to question the credibility of this test, but on the other hand the test results are positive, the pressure of the test and If the results do not necessarily have a "big pressure", the test scenario set by the strict degree one knew, there was no breach of contract issues in the debt entirely gone too far, now our view is that this is just a the possibility of tests does not need to insist so that the results become less extreme serious. Meanwhile Barclays Capital (Barclays Capital) analyst Qi Su - Cooper (Suki Cooper) in a research note: the European Bank of pressure recovery test results for the euro will play a very positive role.


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Golden ice: the limited range of indicators down gold demand callback

Gold falls below 1190

Standard gold: gold price volatility is difficult to get out of Yang Qi Ming: The dollar index continued to go down this week or Yihe: gold market outlook remains bearish Hengtai Chase: 1200 mid-term long and short boundaries Hanson: news mixed gold surface pressure of hot money mad comparable to several times the gold speculation Huanglong Yu sum up the results speak for or welcomed this attitude, according to latest data provided by FactSet three major European stock index futures contracts higher, while the Friday Gold fall to 0.7% lower, the New York International registered asset management division team (CPM Group) commodities analysts said: a reversal of the trend of gold is mainly affected by profit-taking, and the stock market and currency movements in recent weeks the global stabilization of gold down and weighed up.

Technical aspects: Gold opened higher in early 1188 and then up near the top probe to 1191.70, gold is currently in the process upside 5 average, 10 above the average bull in the 11195 check up, day RSI indicator line maintained at low , MACD indicator is still no sign of recovery, the gold top of the test are expected early 1195 near the bottom of the support for 1187-1185.

Bank of pressure measurement results well below the price of gold fall 1190

European banks stress test results show that most European banks in good health. European stock markets rebounded strongly, the foreign exchange market began to stabilize, the gold market from the withdrawal of international capital, and then switch to high-risk assets, gold in 1200 U.S. dollars mark a breakthrough after the profit taking, gold fell continuously, and eventually dropped to below 1190 U.S. dollars. Analysts said that the current gold market investor sentiment cautious, short-term price of gold does not rule out another bottom.

Monday (26) Asian market early, the international spot gold prices edged lower, gold weak to maintain correction in the vicinity of 1188 U.S. dollars. Last Friday (23), gold has broken above 1200 U.S. dollars mark, as the Spanish press that Spain did not pass several stress tests banks, hedge buying price of gold higher.

23 On the evening of the European Committee on Banking Supervision published the results of the European banking sector stress testing. The highly anticipated and highly visible "medical report" shows that most banks in Europe in good health, able to withstand the possible economic secondary bottom and sovereign debt crises of the double blow. While European Union officials expressed satisfaction with this result, but analysts believe the announcement of the results of this rather optimistic about the ability to achieve the desired results they hoped to accomplish encourage investors is still unknown.

CPM Group analyst Carlos Sanchez commodities that "the market last Friday despite the Bank of stress test results are still 'feel wary,' but gold's downward trend has not changed. Europe and the United States mixed economic data, commodity prices are also faced with amendments, payment consolidation phase in the horizontal price is expected to re-test the recent gold price support range 1181-1200 dollars. "

In addition, the world's largest gold exchange-traded funds (ETF) ─ ─ SPDR gold ETF in last Thursday (July 22) decreased 6.082 tons of gold holdings, in order to 1302.046 tons, compared with the end of June of record 1,320.436 tons, reducing 18.39 tons, showing enthusiasm for investment gold is beginning to wane. According to the latest figures, SPDR Gold holding capacity last Friday (23) maintained at 1,302.046 tons.

Market participants pointed out that some institutional investors in the asset allocation of gold has begun to reduce the proportion of the number of gold futures and gold ETF gold investors felt like a little cool. Once the price of gold fell below 1180 U.S. dollars, the next support level in 1155 U.S. dollars.

Due to the recent international trend of gold price volatility, the market for short-term gold price is divided. Japan tanaka kikinzoku industry (Tanaka Kikinzoku) said that although the first half of the average gold price in Japan rose 2 percent from a year earlier, the highest since the 27-year high; but local gold trading volume growth of more than 3 percent compared with last year, indicating increased demand for Japanese investment, the Department of investors to diversify assets were purchased with gold, rather than focus on making short-term spreads.

Barclays Capital analyst Sudakshina Unnikrishnan said, "the uncertainty of economic recovery and increase investor fears of inflation pressure may cause the price to rise further."

However, the New York University Professor Roubini (Nouriel Roubini) said that although the risk of not lifting the financial crisis, gold may rebound, but the international price of gold in the last 10 years the rise, now lacks upward momentum, and there is asset price bubble , interest rates and other risks, currently do not recommend investors to buy gold.

08:00 GMT, spot gold was 1189.80 U.S. dollars International / ounce.

Spot gold investment experience of the 4

【First】: reasonable control positions. This is the first one, because the only reasonable control of the positions that you have stability and opportunities for profit, or, even if your account has been profitable, they would eventually total failure. 5-10% of general funds into the market,

If your account is only 1 million dollars of funds, then you first into the single-best no more than a standard hand (100 ounces), whether more or empty. Better in the market situation, profitability approach have list, you can hand one plus one plus 0.5's do it,

Do not exceed 2 standard hand positions, on the contrary, if the admission list at a loss, never gone against the tide overweight, unless you have hundreds of millions of money to support. Similarly, the 5000 U.S. account, preferably 0.5 to do list.

【Second】: Prior to setting stop-loss approach. General 2-5 dollars is appropriate, or support points below resistance at the top. Why should we set the stop loss, I give an example: My company has a customer account 5,000 U.S. dollars, down two months doing

Yes, do not set one never stops, so does so many would have the list of stop losses to profits, look to make over 5,000 dollars, the account was some fan. Later in the 641 market in that wave, air is not a single firm to set stop loss, that loss alone

Finished his loss of 1 million U.S. dollars. Does not mean you stop every set to make a single account may lead to death.

【Third】: mind control. Very strange that some customers make when making a 1 to 2 dollars on bailing out the loss over time is also 20 dollars to stay, willing to lose money is not willing to make money missing. To know that a successful operator may not be the correct rate

50%, but this is less than 50% of the profit opportunities for loss of profits should come back but also earned some.

【Fourth】: trends do alone. Some investors think the market down all day so much, should be a bottom, and so on more than one approach, or would like to rise so much, should be first, and then into the sell orders. Market will tend to lose these people

Wang, Why? Because the market is not granted, the market has its laws. Before I came to have a single skill, depending on the market is bullish bearish trend in the admission after a small pullback to do one. Chase sell into corrections is not feasible, pay attention to only the important skills.

New York Mercantile Exchange, gold fell, affected by the stress test results

Gold futures fell slightly Friday to continue, while the industrial commodity and were traded in narrow ranges, so the pressure released before test results confirmed the health of most banks in Europe.

On the one hand so much bad news has cheered investors bullish, on the other hand stress test results are not on the whole issue of economic prospects and the confidence of investors to determine the signal, while the economic outlook and investor confidence is the key to long-term trend of Commodities factor.

New York Mercantile Exchange Comex gold futures in August settled down 7.80 U.S. dollars, to 1,187.80 dollars an ounce, down 0.7%. Stress test results in the banking industry before the forthcoming release, the contract fell 2.90 U.S. dollars.

Comex benchmark September copper futures rose 0.6% to 3.1850 US dollars per pound.

OptionSellers.com analyst Michael Gross said that in the banking industry stress test results were revealed, Silver futures followed gold lower, but copper was up to bring some silver prices boost test results are not due to increased pressure on the industrial metals market Demand concerns. Comex September silver futures settled down 1.9 cents, to 18.101 U.S. dollars an ounce, down 0.1%.

Nymex October platinum futures settled up 13.40 U.S. dollars, to 1,542.80 dollars an ounce, or 0.9%. September palladium futures rose 9.85 U.S. dollars to 466.75 U.S. dollars an ounce, or 2.2%.