Five methods of self-help investment funds failure

First, analyze the reasons for the formation of mistakes. Fund investment losses, no other reason than objective reasons and subjective aspects. From an objective perspective, it should focus on the process of growing face of the Fund's investment environment, the emphasis from the subjective causes of fund managers to consider management and operation of fund products capacities, especially in fund investment objectives and strategies, and changes in investment style . Only in this way can cause losses to the fund a more comprehensive analysis.

Second, identify and clarify investment approach is reasonable. Investors, investment funds will take some investment approach is to generate one-time investment losses, or losses arising from sub-sub-investment, in particular the periodic fixed investment, investors should be on the different methods adopted different tactics. Generated for one-time investment law tied up, as long as the fund's fundamentals have not changed the approach can be taken to cover short positions, share purchase low-cost funds. However, investments for the fractional loss of future investment should be to grasp the rhythm, to avoid new investment losses. The resulting loss of periodic fixed, it should be long term and ignore short-term losses, while focusing on long-term investment returns.

Third, a loss to understand the extent of the Fund. When the loss rate beyond the bottom line for investors, risk tolerance, investors may wish to make a corresponding redemption of action to avoid further losses. However, the tolerance range of investors, investors can choose to cover their short positions in the way, waiting for the emergence of new investment opportunities and should not blindly adjust.

Fourth, improve the execution of remedial measures. Investors in the Fund's loss of status of product analysis, to cover their short positions, or redemption, should be effectively implemented. Avoid delay Ershi good investment opportunities lost.

Fifth, take the initiative to remedy rather than a passive sort of relief. Although the fund is a long-term investment and value of investment products, as long as investors insist on a long-term investment, short-term investment losses there may also be time for space by the way, resulting in a loss be offset. But this passive investment approach is not conducive to investors to enhance investment income. This requires investors to fund product combines the performance of the fund holding product optimization. Therefore, the active process of adaptation fund products, is also optimized the process of fund products, it is erroneous investment of fund products remedial process.

Per gram of gold in July down 7.38%

Yesterday, the international gold futures intraday price continued to rise slightly, as at Beijing at 20:00 on the on the 30th, the New York gold futures prices reported 1174.4 U.S. dollars, to close out the first month of this year, Yin Xian, fell 6.06%. The Chongqing branch of the gold price of Chow Tai Fook from the end of June fell to 294 yuan per gram yesterday's 272.3 yuan, has fallen by 21.7 yuan. Gold and the U.S. dollar this week, with the decline in the price of gold out of the "V" shape, this week one, two, three fell 0.34%, 1.87%, 0.02%, the stabilized and rebounded slightly on Thursday, at 30 GMT 20, the New York gold futures prices quoted 1174.4 U.S. dollars, 1.44% decline in the week to look at on line gold prices close out the first month of this year, Yin Xian, fell 6.06%. Domestic price of gold, the last, Chow Tai Fook restaurant in Chongqing Daping gold fell to 272.3 yuan / gram, more by the end of June and 294 yuan / gram or 21.7 yuan / gram, falling 7.38%, gold bullion price of 280.2 yuan from the end of June / grams fell yesterday's 261.1 yuan / gram, down 6.82%. Analysts said the news of the current lack of stimulation, gold shock trend will continue.

Crude oil market on July 30 briefing

Thursday (July 29), by promoting a weak dollar, the New York Mercantile Exchange (NYMEX) crude oil futures and the London Intercontinental Exchange (ICE) Crude oil futures edged up close stabilized.

First, the international crude oil closed on July 29 Review:

(A), NYMEX 29 day 9 Light, sweet sweet crude futures contract closed up 1.37 U.S. dollars, 78.36 U.S. dollars a barrel.

(B), ICE 29 to 9, Brent crude futures rose 1.53 U.S. dollars to 77.59 U.S. dollars a barrel.

29, New York, the dollar index substantially weakened currency, the euro / dollar rose through 1.31 U.S. dollars in intraday trading, the highest 12-week high, because of the recent strong data, investors more optimistic about Europe's economic recovery prospects in Europe. And dollar-denominated crude oil by the end of the Second Lianyin support, income volatility rose.

In addition, the market focus will be on the 30th release of the GDP growth data.

Second, fundamental news

(A), OPEC President Wilson is expected that oil prices will be steady in 2010 remaining time in between 70-80 U.S. dollars per barrel, there is no need to adjust the output of the decision.

(B), the U.S. Energy Information Administration (Energy Information Administration, EIA) 7 月 promulgated on 29 data showed U.S. crude oil imports in May rose 7.7% to 962.2 million barrels / day, for the January 2009 monthly since the first Second level, Canada's largest oil supplier, and Mexico to the second.

EIA also reported that U.S. oil demand in May increased 3.5% the year after amendment to 1,882.7 million barrels / day, for the fourth consecutive year, up 4 months, but the month fell 0.4% in November 2009 for the first time since the fall months.

(C), the United States strongly supports the position the White House on the 29th about 30 in Congress in the House of Representatives vote on offshore drilling bill, which includes a controversial provision: abolition of enterprises to pay for the oil spill compensation limit.

(D), the Russian Federation customs bureau said that Russia will raise oil transportation tariffs in August to 3.3%, and will be raised to 9.9% in December.

(E), Royal Dutch Shell Perdido in the Gulf of Mexico's new oil drilling in April the U.S. ban closed 10 months ago will not resume production, drilling ban will cause the Company's 2010 average daily production of 8,000 barrels less.

3, NYMEX crude oil futures closing price of 29 (unit: USD / barrel):

Contract Open High Low Close Volume Change positions

September / 2010 (CONU) 76.89 78.89 76.45 78.36 1.37 316883 356939

October / 2010 (CONV) 77.31 79.32 76.90 78.83 1.39 73794 99337

November / 2010 (CONX) 77.85 79.87 77.47 79.43 1.40 26939 76501

December / 2010 (CONZ) 78.49 80.41 78.00 79.99 1.40 40976 198993

January / 2011 (CONF) 79.20 80.78 78.60 80.53 1.40 7049 4320 7

February / 2011 (CONG) 79.77 81.27 79.18 81.04 1.41 4222 1907 6

March / 2011 (CONH) 80.17 81.57 79.90 81.52 1.42 2925 2482 6

April / 2011 (CONJ) 81.62 81.99 81.62 81.97 1.44 1126 1169 0

May / 2011 (CONK) 80.75 80.75 80.75 82.40 1.46 819 8286

June / 2011 (CONM) 81.32 83.07 81.15 82.81 1.49 5032 4638 7

July / 2011 (CONN) 83.01 83.18 83.00 83.18 1.49 1100 2563 7

August / 2011 (CONQ) 83.16 83.40 83.16 83.40 1.49 733 7614

Source: New York Mercantile Exchange

International Precious Metals Market Briefing July 30

New York Mercantile Exchange (COMEX) gold 29, closing a modest rebound, weaker dollar support for gold, but the outflow of funds is to weigh. COMEX 12-month gold futures contract settled up to 1,171.20 dollars an ounce.

1, closing comments:

Integrated Media on July 29 reported that the New York Mercantile Exchange (COMEX) gold futures on the 29th to bounce off the lows from the last three months, but only a modest rebound, as investors continue to underweight positions in gold. Calm situation in the market, gold has gradually lost its attractiveness as a safe haven.

Dec Nymex gold futures contracts settled up 8.80 U.S. dollars, to 1,171.20 dollars an ounce, or 0.8%.

Support a weaker dollar price of gold, but some market participants that the recent gold price fall is a bargain hunting opportunity. However, companies generally strong results for the second fiscal quarter, and the market for European sovereign debt crisis fears weaken, investors will shift attention away from the gold to the stock market.

Silver futures followed gold and copper price gains, because a weaker dollar. COMEX September silver futures rose 17.6 cents, to 17.617 U.S. dollars an ounce, or 1%.

Nymex October platinum futures settled up 21.70 U.S. dollars, to 1,563.40 dollars an ounce, or 1.4%. September palladium futures settled up 22.45 U.S. dollars to 491.20 U.S. dollars an ounce, or 4.8%.

Second, the following is the COMEX gold closing quotes 29 (Unit: USD / ounce):

Contract Open High Low Close Volume Change positions

August / 2010 (GLNQ) 1163.8 1169.2 1158.7 1168.4 8.0 49709 35049

October / 2010 (GLNV) 1164.2 1170.4 1160.3 1169.8 8.8 12199 42663

December / 2010 (GLNZ) 1165.8 1172.0 1161.6 1171.2 8.8 100566 317956

February / 2011 (GLNG) 1170.2 1172.8 1164.0 1172.7 8.8 1182 19071

April / 2011 (GLNJ) 1169.5 1169.5 1169.5 1174.1 8.8 656 17426

June / 2011 (GLNM) 1173.6 1175.9 1167.0 1175.4 8.8 405 16288

Source: New York Mercantile Exchange

Third, following the Shanghai Gold Exchange on the 29th trading market unit: yuan / gram AgT + D Unit: RMB / kg

Contract Open High Low Close Change (yuan) Price volume weighted average price

Au100g 256.30 258.40 254.60 257.00 0.47 0.0018 256.83 72.2

Au9995 254.00 256.10 254.00 255.80 0.02 0.0001 255.76 2,920

Au9999 257.40 257.40 254.25 255.80 0.00 0 255.69 2,421.80

Pt9995 349.00 350.50 348.50 349.27 0.33 0.0009 349.01 54

AuT + D 254.15 256.00 253.68 255.48 -0.09 -0.0004 254.96 14,252

AgT + D 4085.00 4116.00 4081.00 4109.00 -8.00 -0.0019 4095.00 261,592

Deferred compensation payment of direction: AuT + D - to pay more space; Ag (T + D) - extra space.

Note: The volume measured for the two-way

Source: Shanghai Gold Exchange

Want to fund conversions? Tell you the three skills

One of the market environment switching. The purpose of converting the Fund is to promote the improvement of the net funds to maximize return on investment fund. Typically, if the bearish stock market, investors may be high-risk stock funds converted into low-risk bond and money funds; the stock market to improve, investors may be bond funds or money into stock funds.

Second, as a fund management company with internal switches. Since the Fund conversion involves rates Ditiao Zheng, in order to help investors save switching costs, are large-scale strength will Fund Inc. are both introducing open-end fund Xianghuzhuanhuan Ye Wu, Erju conversion Feiyong to offer.

Third, in conjunction with their risk tolerance for fund switching. Investors to fund conversion process, but also their psychological adjustment and adaptation fund investment process, particularly in low-risk bond funds, currency funds to high-risk stock funds in the process of conversion, investors should take full account of their risk tolerance.

In fact, whenever a major change in the capital market is the best time for conversion of funds, but there is one thing to note is not to switch funds frequently, because every conversion of funds to pay the costs of frequent trading will increase costs, but too often convert The funds may result in loss of investment income.

Shanghai into the "V short" season vegetable prices

By the recent phase of high temperature, Shanghai vegetable market, ushering in "underlying lack of" season, a variety of vegetable prices, especially in leafy vegetables up in price. Egg prices have also edged upward trend, the retail price of yesterday, has reached 4.2 yuan / 500 grams of a new high.


For some farmers market survey, feathers vegetables, water spinach, celery, cabbage, leeks and other common vegetables recent rise in prices. 500 grams of chicken feathers 5 yuan per dish, water spinach 3 yuan per 500 grams, 500 grams of 2.5 yuan per leek, than last week, up by 1 yuan. And vegetables per 500 grams or more generally in the four yuan, due to the recent difficulties in picking the Shanghai market out new fruits and vegetables Vegetable professional cooperatives have emerged a short time out. Shanghai vegetables for the solution, "V lack" of thirst, Shanghai, Jiang Yang, the farmers and other agricultural products wholesale market in the recent batch of Lanzhou, the plateau is also transported from the cauliflower, cabbage, lily, celery, and vegetables.

Garlic prices rise again

Mainly due to real estate speculators Wenzhou intervention group and the Shanxi coal mine boss.

Recently, the garlic will rise again. Garlic prices more expensive, more can be said now the price is abnormally high. The main reason is the group of Wenzhou real estate speculators and the involvement of Shanxi coal bosses, they use large amounts of capital from the acquisition of origin, and then raise prices to focus on unified sales, leading to higher market prices of the garlic. The garlic rice and cooking oil is different from the control substances such as national plans, which led to the skyrocketing price of garlic one of the main.

Zijin Mining usher oversold stock buying opportunity

Zijin Mining Company as a major gold producer in China, both gold and mineral reserves of gold production, or production costs, have a clear competitive advantage. The recent outbreak of the sewage spill, the company had a negative impact on stock prices, but in the long run, have little effect on company performance. Investors are advised to take good stock of water pollution incidents to bring oversold buying opportunity.

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.