The influence of the gold four factors
First, the Greek parliament passed the bill to make sure to make the day put the European Union and the international monetary fund's second round of aid, 130 billion euros ($) for relief fund, avoid disorderly breach. The bill includes terms in 2012 alone will cut 3.3 billion euros wages, pensions and jobs. March 20, 14.4 billion euros of Greek bond matures, unless the Greek received relief funds, or will be unable to repay its debts. The bill to control their quarter by let the market for the second relief to Greece expected to warm up, and Greek congress voted to reduce the downward pressure on the euro in the short term, short line still supported for gold. But Greek bail-out is still faced with more difficult, the euro zone finance ministers this week is expected to be in later signed the agreement on the meeting, but agreed to sign in before, they will demand that Greece how to realize the budget for this year of the earnings of 325 million euros.
Second, the fed chairman Ben bernanke recently said, the federal government should launch related new policies to boost the real estate market. The United States economic policymakers seem to have in through the boosted housing to enhance the American economy has long "physical" reach an agreement. However, relatively limited finance policy space but may be the American housing market recovery the New Era Hats road. Bernanke has eight days is the third public calls for incentive the real estate market. In the United States housing builders association at 2012 annual meeting, he stressed that the housing and mortgage market situation or are drag financial market recovery and influence the credit situation normalization, the federal government should introduce more measures to promote the housing market recovery.
However, the New York times says that while the federal government and state governments and big Banks reached $26 billion mortgage the settlement agreement would allow millions of American homeowners get increase, but the limitations of the agreement will also allows a lot of people are out. Even though the fed top continuous for Obama to government again make moves to stimulate the property market, but the government's intervention ability is limited, but the fed relatively more influential, to a great extent estate recovery still need the fed "quantitative easing" policy.
Third, the euro zone risk disintegration is growing. Part of the national central Banks, financial institutions, multinational enterprise and market investors have started to make emergency plans, and for individual countries from the euro zone or the euro zone to collapse. Some of the European countries the central bank has been discussing the euro zone after the one thousand collapse of countermeasures. The central bank of Ireland will need to discuss whether acquire managers, once the eurozone collapse or Irish out of the euro zone, printing machine will send on the big use. The Swiss central bank although not for "managers" trouble, but for now is pegged to the euro of CHF strategy, once the euro collapse, the Swiss central bank will suffer from looking for the next or a basket of hook currency, the Swiss central bank officials have started to consider the current in what currency or replace the euro currency basket.
In addition, some multinational enterprise and market investors is aware of the potential risk of collapse of the euro zone. Use the prescient Germany Siemens last September or already heavily escape France banking, pull the plug limit for around 500 million euros. Since then, many multinational auto manufacturing enterprise, energy enterprise and consumer goods enterprises have to follow suit, will cash reserves to leave the dangerous of the European banking industry, the multinational enterprise is for the eurozone disintegration of one thousand make emergency plans. Northern Europe countries of financial MLB Jerseys institutions and retirement funds have slash to the euro zone finance nervous countries loans. The euro zone crisis is real crisis, once appear, the unforeseen financial risk, gold is still the last refuge.
Its 4, American gold futures net position has been rising since the end of the trend, the latest data was 50.70%, and the net silver bull has also increased, the latest figures show that more than 32.69% of the net. The gold and silver is promising to continue.
Market focus is the European Union summit on Wednesday short-term, because the Greek rescue loans are still 130 billion euros will need to get approval of the leaders of the European Union, before this material market sentiment will maintain the current cautious optimism. Overall, gold or and risk assets LianDongXing stronger, and the Greek tightening bill through, inside short time euro still has support, the weak beauty means will also continue to the gold.
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