Where Is The Savior Of The Weak Gold Market?

Here world

Xiaobian network to introduce to you is aunt can not save the weak gold market.

Since the second half of this year, international gold prices have continued to fall, and have fallen to a four year low.

Last year, the Chinese mom who refreshed the purchase records did not cram the bottom again, but kept the money up.

China's aunt bought money crazily, which made the world crazy.

The US media has created the word "DAMA", which shows that this serious financial and economic newspaper shows a rare ease for Chinese aunt.

It is very entertaining that Chinese mothers seem to have the power to turn the tables: in the first half of last year, international gold prices plummeted nearly 27%, and Chinese mothers rushed to buy gold and win the capital of Wall Street.

If the story of the gold market is here, Chinese aunt may have really done wonders.

But last year's plunge was not the bottom line. This year is still not enough. The gold market's main spin is still falling. The lowest gold price fell to $1130.4 an ounce on ---11 6. Compared to 2000 dollars an ounce two years ago, the gold market was no bottom line.

In this situation, MarkOtto, a New York stock exchange trader, released micro-blog and ridiculed China's aunt, saying, "gold has been hit hard. Where did the aunt go? They must go shopping for something else."

In fact, the market economy has no products that only rise and fall, but only the endless bubbles.

Even gold is no longer the iron rule of this market. In the context of globalization, this iron rule permeates the narrow market of one country and one country to the whole world.

The basic common sense is that the US dollar and gold have the strongest corresponding relationship, while the US economy recovers from the global economy.

Compared with the weak dollar under the quantitative easing policy in the era of crisis, the dollar began to strengthen with the recovery of the US economy.

In this situation, global capital fled from emerging markets and gamble in the US dollar arbitrage.

By contrast, gold linked to the United States has become relatively vulnerable.

After a hype, the Chinese aunt became calm.

After all, it is hard to see when gold prices will be bottomed out in the era of gold bubbles.

In short, the crazy buying of Chinese mothers last year has been stuck in the real market reality.

Data can also be seen. According to the latest data of China Gold Association, China's gold consumption in the first three quarters of 2014 was 754.82 tons, compared with the same period last year, consumption decreased by 205.76 tons, down 21.42% compared to the same period last year.

Among them, 581.38 tons of gold used for gold jewelry, an increase of 0.45% over the same period, and 119.42 tons of gold bullion, down 62.58% from the same period last year.

This is enough to explain that China's aunt.

Or speculative desire to downgrade, and begin to return to rational consumption channels.

China's mother has stopped. Other big mothers are jealous.

India aunt and Russia, Kazakhstan "central Mama" have taken action.

Data show that the demand for gold in India market reached 183 tonnes in the third quarter, an increase of 60%.

Russia, Kazakhstan and other central banks also joined in the purchase of gold.

Buying the bottom of the market, no matter how ordinary consumers like Chinese mothers and India mothers, or the professional "central mothers" of central banks in various countries, are all hard to stop.

The basic rule of the rise and fall of international gold prices is objective reality, but within a certain period of time, I am afraid that there will be an alternative market trend.

The current decline is evidence.

From now to the near future, the global economy is still in the dark of the post crisis era. The central bank's monetary policy adjustment is in disorder, and the international gold price is still in the adjustment period.

Whether the mothers all over the world or the mothers of all countries will not be able to save the soft gold market.

At present, the international gold price trend depends on three factors: first, the US quantitative easing policy (QE) delisting, the United States monetary policy in the interest rate channel, the United States monetary policy normalization, making gold corresponding to the strong dollar price relatively lower; secondly, the European and Japanese economy if strong quantitative easing to boost inflation to stimulate the economy, according to the general rule, the gold should appreciate the euro and yen, but because it is active inflation, it has little effect on gold prices; three, the Swiss gold referendum or can promote the gold price rebound in the short term, but it is only temporary excitement.

Because gold still has super sovereignty.

The value preservation function, no matter which "aunt", may hold for a long time.