International Precious Metals Corporation-silsbee Desert Hot Springs

International Precious Metals Corporation-silsbee Desert Hot Springs

MKSFinance trading director Afshin Nabavi said that the bInternational Precious Metals Corporation-silsbee Desert Hot Springsulls flee at the same time. PVMFutures trader Carlos Perez-Santalla pointed out that gold's break and close below the 200-day moving average may prompt trend followers to reverse more.

Obama's speech temporarily eased the market's risk aversion, but this will not affect the medium and long-term upward trend of gold and silver prices, because the factors that support the bull market in precious metals have not changed. On July 20, Ding Hong, President of Golden Valley Investment Management Co., Ltd., still supported the price of gold and silver.

Data released by the US Department of Labor on Thursday (October 28) showed that the number of initial jobless claims in the US dropped by 21,000 to 434,000 last week, better than the expected 45.3. The data is a three-month low, which provides a hint of optimism for the US job market. The current market expects that the third quarter GDP of the United States will grow by 2.2%, compared with the previous value of 1.7%. Considering that other economic data released by the United States in recent days are generally better than expected, this is reminiscent of the upcoming third quarter GDP of the United States. Or it will be better than expected.

Of course, if the Eurozone economy resumes strong growth, the European debt crisis will no longer be a problem. However, according to the current situation, the strong economic growth of the euro zone can only stay in imagination. The Eurozone economy and the US economy are sliding into recession step by step. Although the self-rescue policies adopted by the two are diametrically opposite, it seems that they cannot avoid falling into recession by different routes. In addition to being trapped by the sluggish economic growth, the Eurozone is also struggling with the European debt crisis, so it adopts what they think is a more sensible tightening policy; the United States implements loose policies to stimulate economic recovery.

Calculated by weight, the total demand for gold in 2012 was 4405.5 tons, a decrease of 4% compared with 2011. This is because the increase in demand from institutional investors and central banks only partially offset the decline in consumer demand. The annual average price in 2012 was US$1669.0/oz, which was 6% higher than the US$1571.5/oz in 2011.

The rapid rise in the price of gold and silver is mainly caused by monetary phenomena, rather than economic growth factors. Dr. Guo Hongjun, director of the Haitong Futures Research InstitInternational Precious Metals Corporation-silsbee Desert Hot Springsute, said that in 2008, the price of gold futures was between 682-800 US dollars per ounce, and now it has reached 1475 US dollars per ounce, which is twice the price during the international financial crisis. However, the economic recovery has not doubled.