El Capitan Precious Metals

El Capitan Precious Metals

It is not difficult to find that many exchEl Capitan Precious Metalsanges have been called casinos before. It is understood that if a customer of the Tian Stock Exchange wants to hold a position overnight, he must pay two ten-thousandths of the contract amount of the financial communication fee, that is, the extension fee; if you do not want to pay this fee, investors can only operate frequently, and the exchange passes This rule can charge more fees. Some media reports said that with a turnover of 280 billion yuan in 13 months, 90% of customers lost money. This trading rule is almost killing members.

[Market Review]: Gold Exchange Silver T+D opened at 9035 yuan/kg on Monday, the highest was 9075 yuan/kg, the lowest was 9000 yuan/kg, and the closing price was 9063 yuan/kg, an increase of 215 yuan/ compared to Friday’s closing price of 8848 yuan/kg Kg, an increase of 2.4%.

The international spot gold price was basically flat on Thursday (January 16) with limited volatility. Therefore, the former US economic data was mixed, and the Fed Chairman Bernanke's speech was not much new. The gold exchange T+D price was in the night market. The time period also followed the tepid trend of international gold prices, and finally basically closed near the flat price.

Earlier, on May 2, the closing price of gold futures for delivery in June had reached a record high of $1557.1 per ounce. Only 3 days later, on May 5, it quickly fell below the $1,500 mark to $1481.4 per ounce. The roller coaster of silver prices is even more vivid. In the first few months of this year, the international silver price has soared to 49.77 US dollars per ounce, an increase of more than 80%, and the decline in early May was about 35%. US$32.50 per ounce.

In 2007 and 2008, the "Mining Industry Survey" published by the United States Geological Survey (USGS) reported that the United States exported 5,070 tons of gold compounds, but the United States' annual output of mineral gold was about 228 tons, and 5,070 tons of gold was equivalent to US gold 62% of the reserves, more than 20 times the annual U.S. mining gold output.

However, the economic data released on the 26th was negative for gold prices. The American Economic Consultative Council announced that its consumer confidence index rose to 69.6 in February, the highest level in three months, far exceeding the 62.3 expected by analysts. At the same time, the U.S. Department of Commerce announced that the sales of new homes in the United States in January increased by 15.6% to 437,000 units, the highest point since July 2008. However, the impact of optimistic economic data on the hedging pEl Capitan Precious Metalsroperties of gold lasted only a short time.

From a technical graphic point of view, Qin Yunlong analyzed that after a continuous decline, the price of gold has fallen below the short-term ascending channel. The short-term moving average system has turned its head down. The price of gold on the daily K-line chart has fallen below the 60-day moving average support. The gradual arrangement of short positions has put greater pressure on gold prices. There is a risk of further correction in the short-term gold price. However, from the monthly chart, the moving average system is still in a long-term arrangement, indicating that the long-term upward trend remains unchanged. Since the financial crisis, the price of gold has been moving along the October moving average. May pull back to the October moving average.