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發表於 2007-11-24 12:57:55
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原帖由 HW 於 2007-11-24 12:50 PM 發表
Still looking downward to 76X, unless it reached 830 or above in next week, remember!
不好意思,我連愚見都沒有~~汗顏.但還會上網找些資料來看看....試一下轉載,不知能否幫上忙....
New York gold staged a powerful post-holiday rally, encouraged by earlier dollar declines and by a resumption of rises in crude oil and the stock market. Friday's trading closed significantly higher, gaining $23.90 per ounce to $821.60 bid, as the thin trading crowd pondered just where the dollar's support may (eventually) be found. Up to now, its path has been a one-way street towards $1.50 on against the euro, even though other currencies (Canadian dollar for example) have given up much of their previous gains against it. Silver added 30 cents to $14.69 while platinum rose $7 to $1468 per ounce. This first close above $800 was strong enough to perhaps have obviated the need for several $800-$810 settlements. However, if euphoria returns (along with major fund money) to the market, gold may yet be subjected not only to additional volatility but also to sharp turns in mid-course.
A couple of items of interest surfaced over the holiday break. The first, that the US dollar's plunge to current levels is now threatening if not the very the existence of Airbus Industries as yet, at least many of its jobs and certainly its plane sales. The company prices its sales in dollar and now feels a life-threatening situation developing in the wake of recent dollar weakness. Just how long the European Community will tolerate such risks before intervening in the currency markets, remains to be seen. The point is that the greenback's woes are certainly not limited to effects on only the US economy. Stay tuned for more developments on that front.
The other revelation that came to our attention yesterday was the fact that -as we opined many times before- the gold ETF is shaping up to largely be an institutional trading vehicle rather than the item of choice for gold ownership by the proverbial 'man in the street.' It was reported that Black Rock (a Merrill Lynch money manager unit) holds some three-quarters of a billion dollars of bullion through this product, and that Credit Suisse is not far behind. Whether or not such firms demonstrate a long-term ownership commitment to gold in their portfolios or will treat the metal as short-term play and seek greener pastures quickly in a correction is yet to be determined. The one thing we can likely count on is that the entree of large players and the big sums of money they have at their disposal for a buy or a sell has contributed and will contribute to additional volatility and large tonnage movements in the gold market. Small players beware. Just an opinion |
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