129836519653125000_389Industrial demand silence dropped silver price silver will start a new round of market
Since the first quarter, silver prices ahead of other commodities, chonggao fall trend appears, recently took the lead in other goods, fall rally occurs. It should be said that industrial demand for silver and financial investment properties together make its commodity market worthy of leading indicators this year. In the current European debt crisis continued to ferment, the volatile political situation in Europe and the worldUnder the background of economic decline, silver trend decline did not break, afternoon is expected to plunge in a new round of deep sites. Industrial demand to suppress gold and silver, silver goods properties is much stronger than financial properties, industrial demand is still leading the main factor of the price. Because of this, silver long term trend following the changes in the economic cycle. Overview of global macroeconomic, European ShamSovereign debt crisis of depression, May Markit eurozone composite PMI initial 45.9 per cent, the lowest level since June 2009, 4th consecutive month of below the line of blight, and May the economic climate index to 90.6, for 2nd consecutive month of decline and the lowest level since October 2009. Germany May IFO business climateThe 109.9 per cent since April, falling for the first time in 7 months. United States economy since the 2008 subprime mortgage crisis, still is in a slow recovery. United States Chamber of Commerce consumer confidence May consultation from 70 down to 64.9 May Dallas Fed manufacturing index from 5.6 fell back to 5.5, the unemployment rate rose to 8.2%.
United States economy are not very optimistic about the future, increased risk dropped. Dragged down by the European debt crisis, the marked slowdown in economic growth in emerging market countries. Latest data show that China as the silver production and marketing power, May Manufacturing PMI fell further to 50.4 per cent growth in GDP in the first quarter of this year was the continued to drop since March 2011, to 8.1%. MissingSupport for economic recovery and lower demand, China's economy has visibly weakened, it certainly puts pressure on growth of the electronics industry. World silver consumption most populous nation India, its currency devaluation of the rupee, plus two or three quarter is the traditional precious metal consumption season, India's silver demand is far lower than expected. India's largest importer of gold and silver, in anticipation of price fluctuations, India this year whiteSilver imports will be reduced up to 27%. Silver Association statistics show that global silver supply in 2011 an ounce in 2010, representing fell by almost 3.17%. Where minerals silver and silver production increase and 1.36%, respectively. Demand side
http://www.powerleveling.us/diablo-3, silver strong manufacturing growth, increase 19%; photography andField of silver continued to fall, demand reduction and 8%, respectively; and share the most important 50% of 2.7% per cent of industrial demand shrank.
In General, the overall total is greater than the demand for manufacturing silver 2011 global silver production, excess approximately 140 million ounces in 2010, representing a surplus of increasing 55.6%. Downside risks to the global macroeconomicEnhanced background, the 2012 silver manufacturing industry needs further contraction, silver supply surplus situation will continue. Little silver anti-inflation hedge
www.powerleveling.us, and features gold as a hard currency duty stations, hedging, inflation is an important feature of its resistance. Silver varies, predominantly industrial property. If the price of lead and zinc and copper have a linkage, the silver currency properties whenSo have brought it under the influence of fluctuation of gold prices. However, silver is not as scarce as the gold than gold, silver haven is weak.
Therefore, despite Gold's fundamentals are still strong, but leading silver as an industrial property, movement has been very bad. Greece risks faced back Europe, Spain, and Italy banking debt crisis in Europe and high debtEnterprise issues can be resolved. IMF warns the European banking system or lead to a new round of the global financial crisis.
Uncertain macro-environment in Europe, the global economy is in the doldrums, silver will be dragged down by commodity. On inflation, a quarter of Iran nuclear issue caused by effects of tension, high oil prices, global inflation rates up to a certain extent. UnitedStorage in interest on the meeting, admit that inflationary pressures are on the rise in part on the Federal Reserve, mainly under the influence of rising oil and gasoline prices. United States every election year, high oil prices will cause public dissatisfaction, thus controlling oil prices stable livelihood to become a top priority. February crude oil prices above $ 110 a barrel, has now dropped to near us $ 85/barrel, inflation pressureForce abated.
As the precious metal silver, only the slightest resistance weakening inflation further. Late yesterday, China's Central Bank unexpectedly cut interest rates announced 8th lowered its benchmark interest rate 0.25%. This means that the forthcoming May domestic macroeconomic data or negative, interest rate cuts is the helplessness of the Government. Cut interest rates enough to one or two times on domestic economyContinued momentum. To sum up, now silver haven and the function of anti-inflation is minimal, and in the context of global economic prospects, shrinking traditional industrial demand for silver. Weak fundamentals determines the oscillation of silver down during the year, the first target in the $ 25/ounce. Within the region of 30-32 USD/Oz, enterprises can make timely sell from stockInsurance operations in order to avoid the risks associated with price falls.
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