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第 51 楼 / election
- 时间: 2013-4-25 09:514-25-2013
Gold:1455.2 升幅强劲
伴随着油价 原来这和道琼股指没啥大关系
现在股指也在涨
自2013年4月12日和15日国际金价的两次暴跌后,北京国华商场2万克金条在2小时内被抢购一空的消息,刚让人感慨;“豪客”在南京一次出手290余万元拿下10公斤黄金的新闻,立马又成为新的谈资
路透社的报道说,在日本东京的贵金属商店里,买家们需要等上三个小时才能买到黄金。世界上最大的黄金消费国印度,媒体甚至用上了“全印度人都在抢购黄金”的标题。
Ross Norman被认为当今世界上最好的黄金价格分析师之一(他如今也是一家1778年始创于伦敦的贵金属交易商Sharps Pixley的拥有者),其分析为多方引用。他还原了2013年4月12日黄金暴跌的情形:
4月12日,纽约黄金期货市场以1560美元/盎司(约为313元人民币/克,此为成交最活跃的6月期黄金价格,下同)开盘,不久就出现了 340万盎司(超过100吨)的6月交货的黄金期货合约抛售,一举将金价打压至1540美元的点位——这被很多人认为是2001年以来黄金长期牛市的确认点位,也是牢不可破的“支撑位”。
谁知,两小时后,更大的抛售砸向市场。30分钟内,高达1000万盎司(超过300吨)的抛售涌现。总计超过400吨的抛售规模,大大超过了纽约黄金期货市场286.6吨的当时库存,基本与世界最大产金国——中国2012年403吨的产量相当。
这样的情形,明显是蓄意集中“卖空”。恐慌随之形成,当天收盘金价跌至1476.10美元,只比当天最低价高出0.1美元,跌幅达到5.41%。
尽管这集中抛售的四百多吨黄金价值高达约200亿美元,但由于期货杠杆的存在,实际只需要10亿美元左右即可完成。
4月15日,周一,纽约金市虽以1481美元高开,并一度爬升至1495美元,但越来越多的抛售将金价一度打压至1335.10美元,最终收至1352.30美元,跌幅高达8.39%,为1983年2月28日以来之最。
4月16日,金价一度续跌至1321.50美元/盎司(约为265元人民币/克)的“谷底”,随即缓慢爬升,当日反而收涨了1.26%。
按照通常对“熊市”的定义——相比峰值下跌超过20%,黄金市场还是在短短几天内下跌超过这一水平(相比2011年9月的高位),完成牛熊转换。
自2001年以来,金价猛涨7倍以上,2011年冲高至每盎司1920美元的最高纪录。在货币宽松、通货膨胀的阴影下,投资者大举吃进黄金,把它作为一种安全资产。
但随着对欧元区危机的担忧有所减轻,投资者押注美国经济将会复苏,黄金市场情绪受到了冲击。
4月10日,欧盟委员会发布的一份评估报告指出,塞浦路斯将抛售价值总计达4亿欧元的黄金储备,以募集资金用于援助该国深陷困境中的银行业。虽然次日塞浦路斯央行就否认了,但消息一出还是引发普遍担忧——人们担心意大利及葡萄牙等欧元区高负债国家可能采取类似措施,对金价构成巨大冲击。
而从2013年年初开始,瑞信、法国兴业银行和高盛都曾公开表示黄金牛市已终结。
高盛在2012年就看跌2013年的黄金。在本次暴跌之前的4月10日,黄金下跌1.5%,为此前一个半月来最大单日跌幅,高盛的分析员当天即将2013年和2014年的黄金目标价,分别下调至1450美元和1270美元,并建议客户做空黄金。
世界黄金协会的官方声明称,越来越多的证据表明,这是投机者们在期货市场的操纵所致蓄意集中“卖空”导致的暴跌,打破了很多套利的、程序化的、跟风的心理价位,引发了所谓“踩踏事件”的产生,很多人都在斩仓的过程中失去了理性。
谁是这次暴跌的“幕后黑手”,坊间认定的“头号嫌疑犯”是美林公司。美林公司是全球最大的证券零售及投行之一,在4月12日出现1000万盎司抛售之时,市场传闻这卖单正是来自这家公司。
从2012年10月开始,有50亿-70亿美元的资金,从大宗商品中撤出。它们大多进入日本股市,乃至美国股市。最重要的是美元,美元强则金价弱,美元弱则黄金强,这几乎是过去的一条铁律。
在过去的几年里,美国推行的第一轮及第二轮美元量化宽松政策(QE1、QE2),的确导致了美元的贬值。关于QE3,美联储主席伯南克(Bernanke)曾数次暗示会继续推行,不过2013年3月的美联储议息纪要显示,QE3或许会放缓。
同时,部分投资者还认为,2013年一季度美国经济复苏势头明显,这都成为了美元走强的背后因素日本的量化宽松,导致其国内诸如股市等风险资产的投资预期收益快速上升,同时美国股市也在快速走高,这些的预期收益率已经高于黄金,也高于其他大宗商品。于是,包括黄金在内的大宗商品被拆解卖出,获得的资金再投入股市等高回报交易中去。在过去半年,日元大规模贬值超过30%,日本股市上涨幅度超过40%,这种投资回报率,使得其他投资,相形见绌。
通过统计包括黄金在内的全球大宗商品持仓情况,可以看出,从2012年10月开始,有50亿-70亿美元的资金,从大宗商品中撤出。它们大多进入了日本股市,甚至美国股市。
值得注意的是,向银行拆借黄金的利率,要比货币信贷更低。在国际上,美元的融资成本一般是liBOR(伦敦同业间拆借利率)+80个基点,黄金的租赁利率则要小于liBOR。在国内,工商银行的黄金租赁年利率是4%,而一年期货币贷款的基准利率是6%。
在这种情况下,黄金更容易地成为了一种低廉的“融资工具”。
早在2012年5月,世界黄金协会首席执行官Aram Shishmanian就表示,黄金矿产商当时生存的底线是金价1300美元/盎司。而高盛在2013年4月列举了25家国际黄金公司总现金成本曲线图,得出的结论是黄金价格保持在1150美元/盎司的水准,将是支持这一产业持续发展的关键价位。
不过,高盛的报告中没有统计中国黄金企业的数据,也没有包括巴里克(Barrick)、纽蒙特公司(Newmont)的情况——这两者分别是当今世界第一、第二大黄金企业。
巴里克公司的年报显示:2012年,其黄金产量为742.1万盎司,即230.82吨。2012年,公司每盎司黄金的总现金成本为945美元;在2011年、2010年,分别为752美元、649美元。
www.iask.ca/news/world...94765.html -
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- 时间: 2013-5-02 05:47
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- 时间: 2013-5-06 04:135-05-2013
金价:1476.1
While gold holdings in exchange-traded products plunged 174 metric tons last month -- the biggest drop ever --physical gold demand continues its surge worldwide.
The Perth Mint, which refines almost all of the nation's bullion, said that demand jumped to the highest in five years in recent weeks and that they had to keep their factory open through the weekend to meet orders.
According to Jason Toussaint, the managing director of investments at the London-based World Gold Council, buyers in Australia were waiting in lines of half a kilometer long just to get minted coins.
The U.S. mint said April 23 it suspended sales of coins weighing a 10th of an ounce after demand more than doubled from a year earlier.
Demand for the physical metals have now also pushed physical premiums in the Middle East region to levels not seen in years.
The World Gold Council estimates that central banks are expected to surpass last year's purchases of 534.6 tons last year (which already is the most since 1964), by buying more than 550 tons this year.
While central banks continue to print record amounts of money, they also continue to buy record amounts of gold; trading their printed money for gold. Think about that... -
- 时间: 2013-5-10 10:255-10-2013
今日金价大跌--1432.9
自从美联储出台QE3政策以来,全球多国央行实行宽松政策,并隆重上演一幕又一幕。目前,多国央行已开始通过实行货币宽松政策来达到刺激经济的目的。美联储则在较早前4月中提出会在年底前提前退出第三次货币宽松量化政策即QE3 ,但后来,在5月初结束政策会议后一改口风。“美联储表示,将继续执行每月购入850亿美元资产的QE3计划”。此前,日本央行已经宣布在未来两年向金融体系注入相当于1.4万亿美元的资金。还包括欧元区部分央行,澳州,印度,韩国等等央行都相继通过降低利率来刺激经济,“蝴蝶效应”成功蔓延。对于经济增长前景的担忧使得全球大部分央行相继推出宽松政策刺激经济。各大央行纷纷做出降息决定,目前全球经济复苏不如预期强劲,更多需要推出政策来促进经济增长。
宽松可以带来开支增加,促进经济增长,这方面的预期升温,包括股票在内的风险资产可能会出现反弹。不过在很大程度上,央行的宽松政策已被市场消化,换句话说,最近的一系列出手只不过是利好兑现而已,因此进一步的货币宽松未必会提升对增长改善的预期。
目前全球多国央行实行货币宽松政策,对黄金市场来说未必就是好事。
各大央行力挺的宽松政策,金价再度面临考验。看回黄金市场,近两年来金价最高点出现在2011年,最高升到每盎司1920美元。目前金价与前两年的高点相比下跌了22%。正常来说,超过20%的价格回调就已经达到了“熊市”的标准,金价后市呈现下跌趋势,这也意味着黄金持续10年的单边牛市终结。现在再由于多国实行宽松政策,使到金价反弹无力,宽松后市场投资资金流通主要汇集于风险资产和股市方面等等。再加上近期欧债危机持续灰霾,美国经济复苏现状持续,而目前金价走势已脱离基本面的影响,更多的受到投资资金及技术走势的指引,投资市场风险系数有所上升。全球最大的黄金基金ETF近期的连续减少持仓量,投资资金不断流出黄金市场,通往风险资产和股市方面等等,这足以令金价短期内受到打压,反弹乏力。
长远来看,随着全球经济的慢慢复苏,美联储及各央行终止或减少宽松只是时间问题,所以黄金的长期走势仍然会受到压制
伴随金价的大幅下挫,银行新发行的挂钩黄金的理财产品的结构也悄然发生变化,此前简单看多或看空的触发型产品少了,转为相对保守的区间累计型,此外,看跌黄金价格的理财产品也开始多了起来。 -
- 时间: 2013-5-28 06:465-28-2013
1381.9
透过“暴跌历史”看黄金价格未来趋势
2013年05月28日 12:22 金投网
5月即将结束,6月行情再起。在股市低迷,楼市调整的情况下,2013年第三季度贵金属行情又将何去何从呢?
过去5-10年间黄金(1379.80,-6.80,-0.49%)和白银(22.35,-0.15,-0.67%)上涨的根源
从2007年至今,美联储为应对次贷危机开始降息,当无息可降时开启印钞机。黄金白银以货币计价,在纸币贬值的情况下黄金白银内在价值不变,因此黄金白银价格上涨。
未来黄金白银何时见顶
基本面上,如果以美联储为首的央行开始加息,投资者则不能买黄金,买黄金一定会被套。在这种情况下就要购买美元,美元至少要进入2-3年的上涨态势。当美国经济复苏,美股将会上涨,随之而来通货膨胀将会加剧。美联储只能加息,美国楼市股市更加有吸引力,印出的大量美元会随着吸引力的增加回流美国。
黄金“412”暴跌回顾
纽约期金5分钟k线图显示,北京时间4月12日晚上8点半,纽约期金摩根大通席位出现高达100吨的黄金抛盘,把黄金价格从1565美元直接下拉,跌到1530美元遇见阻力。历经两个小时后,北京时间11点半左右再次出现高达300吨抛盘。黄金价格直接跌破1530美元,收于1500美元,下跌60美元。在两天休市后,市场出现恐慌情绪,黄金价格出现暴跌,最终4月16日跌至1320美元/盎司。
未来黄金市场展望
分析师认为,市场在结束恐慌性暴跌后将会反弹,由此提醒投资者下跌的时候要止损不能抄底。目前黄金从1320美元反弹至1488美元,然后出现二次探底,在1340美元形成低点,未来突破1488美元高点就可以买入黄金。
黄金2011年曾经创出1920.50美元技术新高。过去两年,黄金价格进入震荡态势,一直没有创出新高,在震荡的过程中创出三个低点。日线图显示,黄金重要关口在1530美元,此关口有很强的买盘,一旦跌破就会引发市场恐慌性抛盘。
分析师表示,黄金市场需要大量资金才能影响市场走势。本轮国际黄金暴跌和2008年暴跌有相似性。黄金价格应在6月中上旬和中下旬见底。
分析师指出,国际金价在跌破1530美元后,支撑点位在1450美元。如果今年5、6月黄金白银价格能够平稳度过,不击穿1320美元低位,6月收盘能够站稳1450美元上方,那么投资者可以在6月末和7月坚决买入黄金。也就是说,1320美元就是年内低点,下半年会有一轮明显的上涨走势。根据1973-2011年黄金涨跌的规律,上半年容易下跌,下半年容易上涨。其中,8月最容易上涨。因此关注8月、9月和11月黄金走势。如果这三个月都没有上涨,今年的黄金行情即宣告结束,明年依然看淡。
此外,分析师还建议投资者,资产结构里一定要配置黄金和保险,因为这两者是全世界避税和避险的资产。他还建议实物黄金配置8%-10%的资产即足够
finance.sina.com.cn/mo...1702.shtml -
- 时间: 2013-5-30 07:50
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- 时间: 2013-6-02 14:40看多金的理由:
Gold Fundamentals
The fundamentals for the precious metals sectors could not be stronger. The physical metals are witnessing a ridiculous amount of buy-side interest that hasn't been seen for decades.
It is the gold rush of the modern era.
In the last few weeks, headlines that support gold's strong fundamentals were everywhere.
Russia, Greece, Turkey, Kazakhstan, Belarus and Azerbaijan expanded their gold reserves for a seventh straight month in April.
According to the World Gold Council (WGC), India gold demand is expected to touch a record level of 300-400 tonnes between April and June, a 200 per cent year-on-year increase and almost half of total imports last year.
China's reserves rose 721% from 2004 through 2012, while the combined total among Brazil, Russia and India rose about 400% to $1.1 trillion.
The Belgian Central Bank just told us last week that about 25 tons of the European nation's gold reserves have been lent to bullion banks. That's nearly 10% of the National Bank of Belgium's remaining 227.5 tons of gold reserves, which may spark repatriation by the Bank, as other nations such as Germany and Venezuela are already doing.
In Dubai, there has been a massive surge in the demand for gold since the price collapse of last month, with demand far outstripping supply. According to Emirates 247, various estimates suggest that demand in the past few weeks has been nothing short of astronomical, surging by 10 times the normal demand.
In Singapore, Reuters reports that "supply constraints" have sent premiums to "all time highs" at $7 to spot London prices.
In the U.S., the U.S. mint continues to experience a a shortage of supply. However, they recently brought back the one-tenth ounce gold proof coins for sale after a supply shortage, only to offer it at 35% over spot price. The American Silver Eagles are currently being sold at over 117% over spot silver price. Take a look yourself:
"Want Gold or Silver from the U.S.? Pay a Massive Premium."
Meanwhile, the volume for the Shanghai Gold Exchange's benchmark cash contract has been surging. Earlier in the week, in just two days, the volumes have nearly doubled and surged from 10,094 kilograms to 19,599 or 94%.
The Shanghai exchange is also pushing forward with previously announced plans to open existing products to overseas investors, starting with nonferrous metals and natural rubber, and then to gold and silver.
This is an important factor in the prices of precious metals as we can clearly see the manipulative efforts on this side of the world. During Thursday night in overseas trading, gold touched a high of $1421/oz, before getting smacked down below $1400 once trading began here in N. America.
Someone on this side of the world doesn't want to see gold above $1400.
Share your thoughts on Gold Manipulation by Clicking Here
Lastly, I predict that the People's Bank of China will make a massive announcement later this year regarding its gold purchases. We already know that they are continuing and have openly said they're buying gold during every dip. I expect a massive increase in their reserves that will shock the world.
Fundamentals astoundingly strong...check.
A Technical Look at Gold Stocks
Gold stocks finally saw some love this week.
Despite the sell-off Friday, the Market Vectors Gold Miners ETF (NYSE ARCA: GDX) is still up over 5 percent, with an increase of 4.4 percent on Thursday alone.
While big fund managers are selling gold ETF's, they're replacing their positions with gold miners.
George Soros recently increased his holdings in the GDX, the Market Vectors Gold Miners ETF by 69%, from $59 million, to $100 million. He also added $32 million to specific gold stocks and added $25 million of call options in the juniors.
From a technical perspective, things are beginning to look bullish. It seems we are close to a bottom, but until we can see support in the coming weeks, caution is warranted:
If we can break through pass 220 on the above chart, we could see a near-term break out.
Using the Bullish Percentage Indicator (BPI), we see a very clear signal that the market may be forming a bottom and that the breadth of the stock is improving from an oversold condition in the Gold Miners Index (NYSE ARCA: GDM):
If we see gold price rise next week, this will likely send strong signals to the buy side of the gold miners and we may be able to see a good short term trade. However, I would keep my eyes closely on these technical patterns in relation to gold prices. -
- 时间: 2013-6-04 06:47看空理由:
〈分析〉6大因素看空!鲁比尼:金价後年跌剩1000美元
有「末日博士」封号的纽约大学经济学教授鲁比尼 (Nouriel Roubini) 周六 (1 日) 预言,黄金价格泡沫破裂後,将在後年来到每盎司 1000 美元低点。他并列出 6 大理由说明论点。
鲁比尼於财经网站《Project Syndicate》撰文指出,金价从 2009 年初的每盎司 800 美元飚升至 2011 年的 1900 美元,「具备了泡沫的所有特色」。如今,金价也「如同所有脱离供需基本面的资产价格」,涨势泡沫正在瓦解。
他写道,当之前金价飚上空前新高时,一些「偏执」的投资人和其他持恐惧观点看待政治者组成的黄金死忠多头派,兴高采烈地预言金价将飚涨至每盎司 2000、3000 甚至 5000 美元。但此後金价大致上郄一路下滑,现在更已跌破每盎司 1400 美元,较 2011 年高峰大跌了近 30%。
鲁比尼预言,金价很可能会下跌至远远更低水準,至 2015 年跌到只剩每盎司 1000 美元。而金价泡沫破裂的因素很多,他条列出 6 点。
1. 金价通常在全球经济出现重大经济、金融及地缘政治危险时走扬。因为在全球陷入金融危机时,即便银行存款及公债安全性也受到部分投资人质疑。然而鲁比尼郄指出,即便在如此危险情况下,黄金也可能是糟糕的投资选项。
他写道,黄金价格虽然在 2008 及 2009 年全球金融危机时,出现几次价格大涨。但在信用极度紧缩的情况下,透过槓桿买进的黄金恐被迫抛售;原因是一旦价格下跌修正,都会引发保证金追缴。这将使得金价在危机顶峰时剧烈震盪、忽高忽低。
2. 黄金价格在高通货膨胀风险出现时表现最好,因它是广受欢迎的保值资产。但目前来看,即便全球许多国家央行已联手採取了非常积极的宽鬆货币政策,且这些量化宽鬆 (QE) 措施,也已使得大部分先进国家的资金供应翻增 1倍、甚至 2 倍,但全球通膨率实际上仍低落,且还在赍续降温。
鲁比尼指出,上述情况背後因素很单纯:因为资金基础虽然大增,但流通速度郄瓦解了,导致银行业囤积大量流动性,呈现出準备金过剩的情况。而民间及公共负债持续去槓桿,也导致全球需求成长一直低於供应成长。(接下页)
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AGE=$]3. 黄金不像其他资产,无法生产出任何收入。不像股票有股利、债券有附息、房屋可收租,黄金价值只能依赖资本升值。如今随著全球经济持续复甦,其他像股票或甚至再度活络的房市,都提供更高报酬。从美国及全球股市在金价於 2009 年初大涨以来,表现普遍超越黄金,可以窥见。
4. 金价会大涨的一个情况,是当市垱经历数轮 QE 连番洗礼後,经通膨调整後的实殖利率越来越朝负值走。换句话说,当现金及债券实质报酬已降至负值且持续下跌,便是买进黄金时机。
然而,只要美国及全球经济展望越来越正面,便暗示美国联準会 (Fed) 及其他国家央行过段时间将退出 QE 及零利率货币政策。这意味实殖利率将反弹而非续跌。
5. 儘管有些人士认为,全球多国债台高筑,将驱使投资人拥抱黄金,原因是这些国家的债券将越来越危险。不过鲁比尼提醒,相反情况现在郄正在发生。因为许多负债纍纍的国家拥有大量黄金储备,而他们可能在需要时,会决定抛售这些黄金来减债。
例如赛普勒斯之前才传出可能抛售一小部分──约 4 亿欧元 (5.2 亿美元) 黄金储备,便引发金价 4 月中时大跌 13%。而像义大利这样拥有高达 1300 亿美元黄金储备的国家,也可能有兴趣卖金减债,进而拉低金价。
6. 一些政治立垱极度保守的人士,尤其在美国,大肆鼓吹黄金好处,最终郄造成反效果。这些极右派人士称,黄金是对抗政府抢夺富人资产阴谋的唯一避险方式;他们并相信恢复黄金本位躲不了,因为各国央行「摧毁」纸币价值将引发恶性通膨。
不过鲁比尼指出,这样的论点站不住脚。因为既无所谓政治阴谋、通膨也在降温,且黄金亦无法作为流通货币。他表示,货币需具备 3 种功能:作为付款工具、计价单位及保存价值。而这 3 者目前只有最後一项成立。
因此,黄金仍旧是经济学大师凯因斯 (John Maynard Keynes) 口中「文明时代前的残存物」,没有任何内在价值,主要用来对抗非理性的恐惧与恐慌。没错,所有投资人都该有一小部分的黄金配置,以对抗市垱极端风险。但其他实质资产也有相似避险作用,且今日极端风险也无疑已较全球金融危机时降低。
finance.sina.com/bg/ju...82075.html -
- 时间: 2013-6-20 06:30
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- 时间: 2013-6-25 06:30cgg:2.54
Hzu:7.47
Hbd:19.85
Big banks are on the move with their gold, commodity-price targets
Is there an echo in here? No less than four investment banks have adjusted their commodity calls in the last 24 hours. And one, Goldman Sachs has revisited the theme twice. So here’s Tuesday’s roundup. Deutsche Bank, which made the changes as part of its quarterly review, said a slower-than-expected recovery for China and expectations
Is there an echo in here?
No less than four investment banks have adjusted their commodity calls in the last 24 hours. And one, Goldman Sachs has revisited the theme twice.
So here’s Tuesday’s roundup.
Deutsche Bank, which made the changes as part of its quarterly review, said a slower-than-expected recovery for China and expectations for Fed tapering are playing a big role in the cuts.
Gold 2013 forecast cut 6.7% to $1,431 an ounce, 2014 cut 10.8% to $1,338
Silver 2013 cut 9.9% to $24.10 an ounce, 2014 cut 13.1% to $23.10 an ounce
stream.marketwatch.com...S-4-32939/
Gold gained in New York on speculation demand may be spurred by the price slump to a 2 1/2-year low that followed the Federal Reserve’s indications on cutting stimulus.
Futures fell 6.9 percent last week after Fed Chairman Ben S. Bernanke said the U.S. central bank, which buys $85 billion of Treasury and mortgage debt a month, may slow its asset purchase program if the U.S. economy continues to improve. Gold neared a technical level that signals to some analysts that prices may rebound. Russia and Kazakhstan were among nations that expanded bullion reserves in May, International Monetary Fund data show.
Bullion slid 23 percent this year as some investors lose faith in it as a store of value and as speculation grew that the Fed will taper debt-buying that helped the metal cap a 12-year bull run last year. Morgan Stanley lowered its forecasts for prices and said waning investor interest has turned more serious on the prospect of less stimulus that’s pushed up bond yields and strengthened the dollar.
“Although we expect a positive physical demand response to eventually cushion gold’s drop, we do not believe it will be of the scale or magnitude of the reaction in April,” James Steel, an analyst at HSBC Securities (USA) Inc., wrote in a note. “Price-sensitive buyers may wait for a well-defined bottom before entering the market. Turmoil in emerging markets and the prospects of lower growth in China have weighed on bullion.”
Gold for August delivery rose 0.6 percent to $1,284.80 an ounce by 7:46 a.m. on the Comex in New York. It reached $1,268.70 an ounce on June 21, the lowest since September 2010. Futures trading volume was 7.5 percent below the average in the past 100 days for this time of day, according to data compiled by Bloomberg. Gold for immediate delivery in London added 0.3 percent to $1,285.68.
Bear Market
Gold entered a bear market in April, extending the retreat from its all-time high of $1,923.70 in September 2011. The metal’s 14-day relative strength index was at 30.6, near the level of 30 that indicates to some analysts who study technical charts that a rebound may be near.
Global holdings in exchange-traded products fell 4 metric tons to 2,094.6 tons yesterday, the lowest since June 2010, data compiled by Bloomberg show. Morgan Stanley cut its 2013 gold forecast to $1,409 from $1,487, and lowered its 2014 target to $1,313 from $1,563, according to a report today.
“The market is weary after last week’s move and this is reflected in the lack of interest,” David Govett, head of precious metals at Marex Spectron Group in London, said today in a report. “Physical buying is not abundant and quite frankly at this moment in time, there are no real reasons to be long of precious metals.”
Central Banks
Azerbaijan and the Kyrgyz Republic were among nations that bought bullion in May, while Mexico and the Czech Republic reduced holdings, data on the IMF’s website show.
Silver for September delivery rose 1.1 percent to $19.73 an ounce in New York. It fell to $19.31 on June 21, the lowest since August 2010. Palladium for September delivery was up 2.9 percent at $676.65 an ounce. It reached $650 yesterday, the lowest since April 16.
Platinum for October delivery gained 1.8 percent to $1,356.90 an ounce after entering a bear market last week. The metal, mainly used in jewelry and pollution-control devices in cars alongside palladium, reached $1,328 earlier today, the lowest since November 2009.
To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net; Glenys Sim in Singapore at gsim4@bloomberg.net
www.bloomberg.com/news...plans.html
金融资料帖之一----中国JIN一路紧盯追踪
