Huijin network, June 28 –
On Monday, while the dollar index (June 27) New York period extended declines, but gold and silver continues to not respond, always around a narrow interval and shocks. Slightly reduced risk aversion, spot gold continued its last two sessions of declines. Kxiantu displays the date, spot gold closed today a labia with a hatched line. Asian period in early trading, spot gold maintained sideways consolidation trend; Asian midday spot gold short chonggao is falling significantly; time periods in Europe and New York in early trading, modest weakening after spot gold bottoming; European midday spot gold shocks fell slightly after rebound.
On 27th, per ounce Silver Futures for July delivery closed at 33. 585 dollars, compared to the previous trading day by 1. 053 dollars, representing a decrease of 3%. Platinum futures for July delivery closed at 1673 dollars per ounce, down 4. 6 dollars, a decrease of 0. buy wow gold 3%. The wowgold same day, the New York commodity exchange the gold futures market trading most active August contract fell 4 per ounce. $ 5 per cent to 1496. 4 dollars, a decrease of 0. 3%. The closing price of gold market also hit a record lowest close since May 19.
International rating agency Moody s said on Monday, tension and of the Council of the European authorities to Greece financing effect of uncertainty, Greece outflow of deposits in the banking sector accelerated in May and June. Moody s warned that if the loss of these financial institutions deposits reached 35%, will face a serious cash shortage.
At present, the market this week are focusing on Greece voting result of the austerity plan. Greece Ministers on Monday warned that if the Parliament rejected on Wednesday a 28 billion euros of tax increases and reduction plans, it will cause a "disaster".
Germany commercial banks (Commerzbank) noted in a report, "we expect gold prices will be no further callbacks will occur. This week, Greece to debate and vote on austerity measures, which is a prerequisite for further financial assistance is in the country. Greece whether Congress will pass the plan remain uncertain. "
United States commodity futures trading Commission (CFTC) published data show, with similarity to record highs in the gold price, COMEX gold futures on June 21, when weeks long position increased to a record high since April 24. In addition, Silver Futures speculation also has to increase its stake in the net long position in silver.
World s largest gold ETF (ETF)--SPDRGoldTrust, said their gold positions as of June 24, at 1,209.14 tons of levels does not change.
World s largest silver ETF (ETF)--iSharesSilverTrust said the modest increase its silver positions as of June 24 wow guide 33.35 tons, to 9,621.54 tons of levels.
Fundamental factors of bad:
1. the world s largest gold cheapest wow gold ETF (ETF)--SPDRGoldTrust, said their gold positions as of June 24, at 1,209.14 tons of levels does not change.
2. the United States Federal Reserve data showed Monday in Chicago, wow gold United States in May, the Chicago Fed Midwest Manufacturing index to 84, increase of 0.6% over last month, representing a rise 7.1%; amended in April to 83.6.
3. the European Commission (EuropeanCommission) said in the announcement on Monday, approved for Greece several aid schemes in the banking sector to extend by six months to the end of this year.
4. have sources said on Monday the eurozone, the European Union (EU) officials are developing a contingency plan against Greece Parliament rejected by tightening plan leading to Greece without access to the EU/International Monetary Fund (EU/IMF) the next emergency loan.
Fundamentals of positive factors:
1. the international rating agency Moody s said on Monday, tension and of the Council of the European authorities to Greece financing effect of uncertainty, Greece outflow of deposits in the banking sector accelerated in May and June. Moody s cheap wow gold warned that if the loss of these financial institutions deposits reached 35%, will face a serious cash shortage.
2. United States Bank of Dallas (FederalReserveBankofDallas) data released on Monday showed that United States June Dallas Fed manufacturing output index for 5.6, per cheap wow gold cent in May.
Technical analysis:
Days pass Gold: from day kxiantu Shang see days pass gold has fell below 60 daily line, below important support 310.3 Yuan/grams and 308.14 Yuan/grams, dollars of strong rebound is recent gold even breaking support of important factors one, and since 1308 rose yilai formation of interim rose channel has was effective fell wear, and day kxiantu in the wow gold MACD green column gradually growth, KDJ died fork down, gold worn out Brin Xia rail, RSI entered 20-50 trend sexual adjustment, MACD in the DEA and DIF line cross down, overall indicators partial Yu vulnerable, gold also will continued fell trend.
Operational recommendations: 315.5 (radical 313.3) near empty, first goal 310.5 second goal 307.5 stop 318.3
Skytone Silver: Silver followed gold wow review trends, date line MACD in the Green column growth; KDJ fork down dead; silver along the Brin rail running; 4 hours get support has dropped below the medium-term triangle consolidation pattern below the k-line is expected today in early trading and silver will continue between 6970-7350 shocks downward.
Mega hengye 2011-6-28
Editing: South Street
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