129788422117812500_217Yesterday the Chicago Mercantile Exchange (CME) lower number such as silver and copper futures initially) and the minimum security deposit
tera gold, which, as of April 16, silver initial and maintenance margin cut to 12.5%, and the reduction of copper deposit of 20%. Melaleuca news stirred up the market, gold and silver should rise sharply. Personally think that thisLower margin is the fundamental reason gold and silver surge yesterday. Gold and silver may continue to chonggao night may have a small callback today, resistance seen 1683 and 1696 gold today, supporting and 1672, resistance and 32.75 Silver today, supporting 32.1 and 31.85.CME cut variety such as silver and copper futuresSecurity deposit, attract funds into the silver market volatility will increase. COMEX gold and silver trading volumes increase.
Night 1-point Federal Reserve Chairman Ben Bernanke will participate in the reflections on the crisis and policy responses speech could swamp after the rally in gold and silver. (1) fundamental analysis HSBC noted that as Italy debt sales were better than expected, market risk sentiment growing,Vibration risk assets such as the euro, gold and silver from this benefit. At 10 o'clock in the morning today announced first quarter economic data this GDP growth or slackened to a 8.4%, China's gross domestic product in the first quarter on an annualised basis rose by 8.1%, lower-than-expected increase of 8.3%.
Under the influence of the commodities to show advance low trend, the market will take some time to digest. Notwithstanding theThis gold demand, still slightly weak demand growth is the increase in supply, coupled with the increase in global liquidity does not change the background, gold prices have a strong support. Meanwhile, gold demand: April peak seasons, especially India April 24 are on Akshaya Tritiya Festival
tera gold, an increase in real demand may, coupled with India PearlPo end of strike activity to provide a good basis for the gold market. HSBC said the strike caused $ 200 million gold to be pressed is not for sale. But the Government to solve the strike, coupled with the plunge in gold prices will directly improve the physical demand for gold.
So the gold price has a role in supporting. (2) analysis of positions and goldSPDR is quite big in the near future, slight jiancang 0.45 tonnes this week. The silver ISHARES fund short-term positions change frequently, General entered in April after a significant jiancang 108.43, jiancang 7.55 sharply this morning, for recent trend can also be seen large organizations still confused, and accumulation of gold and silver rally Bull is still required a certain amount of time. YesterdayCME downgraded bonds also boosted trading volume in the COMEX gold and silver increases, but the open positions of the gold and silver has been reduced, also showed investors Yu Jinyin can maintain the upward momentum skepticism
tera power leveling, so you can introduce gold and silver may continue high turbulence in the near future. (3) action personal opinion today is gold and silver today may render chonggaoFall market. Although gold and silver appear rally this week, but resistance above all, whether gold or silver can rally back resistance and of critical concern gold, 1684 silver 32.75. Today, gold and silver may be tested after two resistance points on the evening fell, and fall may be larger, see 1663 dollars an ounce of gold, silver to near 32.05 USD/oz."Personal views, are for reference only, stock market, at your own risk" World Gold Analyst: Jin Zhao 2012-04-13 expert: Jin Zhao
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