Gold tends to move inversely with the U.S. dollar.

BY

It's bearish that prices didn't close above $600 an ounce, but bullish that they didn't fall all the way to below $580, the likely zone for the next major support level.

A rally that could follow the pattern exhibited by the metal in June, when spot prices sprang back from a low of $567.25 an ounce on June 14 to hit a high of $671.50 on July 17.  investors should anticipate increased metal price volatility during the days to come.

Countering the bearish effect of the ECB sales was information that South Africa, the world's largest producer of gold, saw production drop by 7.2% in the year to July, according to new government data. Statistics for the three months ending in July saw a seasonally adjusted jump in output of 2.4%.

Lower quantities of mined metal reduces the amount of bullion sold and is generally considered a bullish sign.

KBG

BY  在 2006-9-13 22:16 發表:

It's bearish that prices didn't close above $600 an ounce, but bullish that they didn't fall all the way to below $580, the likely zone for the next major support level.

A rally that could foll ...

南非是减产，但俄罗斯年产有没有统计呢？这个国家有可能增产哦，但俄罗斯前几天有个金矿出事，小金矿，估计影响不大。

BY

winda123  在 2006-9-13 22:21 發表:

謝貼!

这則消息旨在提醒大家金价隨時有反彈的可能。与008兄的看法沒有矛盾。不宜盲目沽空。

gxying

BY  在 2006-9-13 22:54 發表:

这則消息旨在提醒大家金价隨時有反彈的可能。与008兄的看法沒有矛盾。不宜盲目沽空。

支持，金比银靠稳，定比白银先行反弹。