Week in review: Gold city at Christmas and peaceful atmosphere is calm _ yangyijun _ Sina Blog

Weir Xin Zhou review: Golden City at Christmas and peaceful atmosphere is calm in December 2008 26- Weir Xin investment research center yangyijun international spot gold price this week to $ 838.20 on opening, the highest and the lowest test 851.7 USD $ 829.35, as at the bottom on Friday after the closing of us $ 846, small compared with the last trading week up 8.85 u.s. dollars, up 1.06%, K line following the first week after punching high come down, showing the relative strength of a succession of small cable. Obviously, this week, regardless of the Exchange or the gold market, the market was showing reverence light trading. The 2008 financial market turmoil is rare, in the after market exhausted after torture without investment or investment institution also to waste precious Christmas time. It started last Thursday, either the Exchange or the gold market, investors have lifted hand position, want a relaxing Christmas. This week also basic not many important economic data, the data is occasionally in further interpretation of the economy is still in recession time. Commodity markets, in particular crude oil, continued weakness in bad performance. The gold price in the last week of lianyang rendered eight rare trend after range not obvious short-term profitability spitting back, still growing strong overall pattern, but has not yet changed weak medium-term trends. The prospects for gold city, I think it will depend on the US dollar. First week dollar market volatility mainly comes from the fed, nearly zero interest started to save the current weakness of the United States economy and will ease the market liquidity. $ Dynamic disk before the week was created at 35 years maximum dynamic declined 7%. Commodity market only to gold-get a little boost of precious metals, other commodity markets based on economic prospects and continuity of pessimistic expectations downward posture weak. $ Published from the CFTC futures markets and capital flows, the highly realized before the week the Fund makes a net profit of bulls more positions by 9 December 16831 hand holding approximately 50 per cent to 8519 hands. At present the Fund holding of the net US dollar futures position only the equivalent of more than 16 September peak to 25 per cent level. In addition, most obviously commercial institutions wantonly removed exchange rate hedging operations did not originate from the exchange rate speculation, major secondary to the businesses of trade operations. This shows the Fed's interest rate policy on the market is considerable. The dollar is further broken down is the judge who is the continuation of gold to a new round of the bull market of the key. I think that this process may also does not appear, on the technical side, the $ 79 points near and long term after the break up strong support, I think the dollar even weaken, staged the spots nearby support may not be easily solved. Nearly two weeks $ main stems from interest rate policy allows the market to surprise and be quick, does not preclude the subsequent Digest bad again gradually strengthened. Of course, this is still limited to the current special stage, the author is not optimistic about the long-term trend of the dollar, just think of the further weakening process does not come too fast. There are signs that 2009 is likely to exist series of financial crises of roiling panzerina, this premise that the dollar will increase the United States Government rescue more difficult. The medium-term perspective empty dollars and blindly watch more gold seems to be undesirable. The golden city itself, the arrival of the consumer at the end of the season so that the current price of gold has a strong overall performance, this aroused many investors in gold city blindly optimistic mood. As the western end of the Christmas and new year, Chinese new year Chinese Gold ' Tun based gold process may also be drawing to a close, gold Vang consumption season will gradually become a thing of the past. And medium gold city itself of technical terms, the price of gold does not get rid of since mid-July the downward trend in the formation of the medium-term, December 17, the gold price up to touch us $ 880, just near the exact medium-term downward trend line nearby. The author previously through technical analysis and cycle theory, 7 ~ 8 different analysis methods to conclude that the gold price in us $ 870 ~ 895 interval exist strong short, medium and long term resonant pressure. If you are still stubborn optimist, I suggest waiting for the gold price breakthrough $ and stabilised for a number of strategic layout. Before the week gold price week K lines forming a sharp impulse high come down after the obvious "shooting star" this week gold price because Christmas holiday trading light, but this remains an upward pressures heavy performance. Although we do not consider it appropriate to the medium-term gold city too optimistic, but short-term gold after eight lianyang's strong reversal is not simple. Look at the gold price week line MACD low-bit-cross, line KDJ, formation of RSI, also at the bottom of the deviation from its short-term strength may not be simple. Flow of funds from the market, the price of gold overall extension relative strong pattern, the first week of gold were futures and spot markets in hot pursuit of funds. December 9-16 when Zhou, Fund holdings of gold futures net long sharp increase by 83155 hand hands to 108249 25094, but relative to the gold price increase of about $ 80, the magnitude of the net multi-head zengcang and not too radical. Among them, have increased 21390 hand, short positions 3704. There seems to be the capital market in passive Chase dash instead of capital flows in the lead market initiative. As for capital flows's true intentions is also difficult to give a strategic decision. If you want to know more and more gold market operation, please apply for membership tothe Weir Xin information, enjoy Powell Xin Jin city of great practical value of research results, Tel 028-66719233. Weir Xin investment. Welcome to apply to become a member of the information will Kum. Interview with big business