The line north: gold bulls exploratory impact
Monday ( September 5th) gold price of $1884, $1903, the lowest 1874
yuan, to close at $1899, up $15. Silver open quotation 43.19
dollars, highest minimum $43.35, $42.33, closing at $42.90, down
$0.29. Platinum open quotation 1878 dollars, highest minimum $1887,
$1862, to $1884, up $6.
Due to Italy, Spain and other countries in the aspects of the process of slowing down the fiscal deficit, may lead to the future of IMF and the European Central Bank in its assistance and Treasury purchase program delay, thereby expanding the crisis, the market is still about the eurozone debt crisis pessimistic. On the other hand, if there is a large area of European debt default, European banks will likely repeat the 2008 subprime crisis again, now part of the bank and sovereign debt has risen high CDS history, reflects the market of intense restless. The United States holiday yesterday, the three major European stock indexes fell sharply, the decline of up to 5%, a large amount of funds into the refuge in gold, gold once again close to a record high, showing elevated risk of pushing funds are still short-term funds.
Gold yesterday near historic highs in the process of momentum slowed, hedge funds are still rising main power, but the technical line 4 hours there days to adjust the pressure, is expected to launch multiple will remain high exploratory impact.
Silver fell, days also exist to adjust the pressure, another recent iShares changes in the positions of small, did not show on the long-term positions directional changes, so in the long-term hold investors can not worry for opening operation.
Platinum rose yesterday, the technology on the surface of platinum prices relatively stable, technical indicators of the performance is better, can break through 5 early high of 1884, is expected to further challenge in 1912.
