The us department of commerce Thursday

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In this market is only about the local bull market for gold ETF help judgment also comes with hedge fund operation analysis. Although the world's largest gold for listing for trading fund (ETF) SPDRGold Trust many trading exist, but think its overall doubt strategic direction is right. This gold rose from $1308 SPDR either, since since strategic errors and happened to this round or is not approved, the overall market upward in 1213.959 reduced warehouse state, at present, in the months since open ton near the absolute lows.

 

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Will hedge fund transactions are concerned, gold rose from $1308 since early, within hedge funds follow market once back to fill bull. But on February 25th, when gold prices back up to $1410 before highs beneath fund there is an obvious internal began many empty differences. Then in Libya situation worse background, forcing bull continued in short, many fund before March 4 appeared in a week of centralized stops. This kind of situation emerges, usually means a move is coming to an end. And earlier in the week, then doubled part fund bull, which let us empty layout gold prices will usher in a judge adjustment process. This process is really appeared, gold is the highest price adjustment from near $60 to $1380. Libya the deterioration of the situation then quickly attracts a lot of buying into gold pushed higher again. Judging from the subsequent buying intervention, we think is more ordinary investors in suit, enlarged the JinShi market war on Libya support. Hedge funds for the bull back now, not enthusiastically hedge fund holding period is still more gold net with relatively low for months, SPDR relative position is similar. So we think this the uplink, the fund gold is not very high attention, and this is our market is based on local bull market, not round the judgment, strategic bull market should be cautious investors treat this, unfavorable too follow suit.

 

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Economic data and corresponding monetary policy environment, should continue wu vwu yang to constitute JinShi see positive news. The bank of England (BOE), vice governor of BiEn Friday, March 18) says the UK inflation has entered the crisis may be higher goal level, next year. British February retail price index rose 1.0%, Britain on rate on February retail price index rose 5.5%, expected annual February, rose 5.2% UK growth in retail price index for the highest July 1991. But meanwhile, British February core CPI touched record. This means that Europe have faced increasing interest rates the necessity of controlling inflation. The European central bank also said in April of existing rates may, but no promise. Luxembourg central-bank governor was implied on Monday (March 21), warned that as global commodities prices continue to rise, the eurozone inflation risks exist uplink. The European central bank has prepared to cope with inflation of preparation, in order to maintain medium-term price stability. The implied commentary was revealed, the European central bank still tend to next month to raise interest rates. Several weeks ago, European central bank President jean-claude trichet language surprised the market says April may have to raise rates. Meanwhile, some American economic data this week are bad, the us Commerce Department on Wednesday (March 23), according to figures released seasonally adjusted in February, U.S. new-home sales record low. The us department of commerce Thursday (March 24) United States, according to figures released on February durable-goods orders came in below expectations, and in the past four months has 3 months decline. The United States on February durable-goods orders dropped 0.9%, expected increase rate of 1.1%. This data meant the United States will not ending monetary tightening monetary policy loose, the process must be at least delayed until 2012. The above data beckoned the European central bank should ahead of the federal reserve to raise interest rates, the dollar the continuation of looser monetary policy will continue to worsen, this constitutes inflation situation supportive environment of gold.