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19 February 2014 - This chart says buy gold

19 February 2014 - This chart says buy gold


19 February 2014 - This chart says buy gold

Posted: 19 Feb 2014 02:16 AM PST

From:http://finance.yahoo.com/blogs/talking-numbers/this-chart-says-buy-gold-214507449.html

While physical demand for gold was up 21% in 2013, gold investors dumped $40 billion-worth of gold-backed funds. That meant the net demand for gold was down 15% last year according to the World Gold Council. In fact, net gold demand was at a four-year low.


Gold exchange-traded fund outflows amounted to 881 tons, more than double the net amount purchased by the world's central banks.


According to Steve Cortes, founder of Veracruz TJM, there are fewer reasons to own gold now despite recent gains.


"It's had a very nice bounce so far in 2014," says Cortes on CNBC's Street Signs' Talking Numbers segment, "but it's really not that material when you put in the context of last year's performance. If you bought it a year ago today, you're still down almost 20% in gold."


Since gold is considered a hedge against inflation, Cortes notes one key factor for an inflationary environment is missing.


"We just don't see inflationary pressures primarily because wages are just too constrained," says Cortes. "Wage gains have been tepid, at best. That's not the recipe for an inflationary gold rally."


Looking at the technicals for the world's largest gold ETF – the SPDR Gold Trust ETF (the GLD) – Prime Executions' Chief Equity Strategist Steven Pytlar sees the potential for a short term bounce but a long term drop.


"It's been in a downtrend since 2011," says Pytlar of the GLD. He notes that the ETF traded in a sideways range from November 2011 to March 2013, a pattern be believes is repeating again.


"There is a bit more upside here as it has had this nice bounce," says Pytlar. "But, we think around $134 [roughly, $1,340/oz.], it's going to start running into some selling pressure and likely turn lower from there as there aren't any big reversal signals yet. That big downtrend from 2011 [is] likely still in effect."

Source:http://finance.yahoo.com/blogs/talking-numbers/this-chart-says-buy-gold-214507449.html

19 February 2014 - China world's biggest gold market

Posted: 19 Feb 2014 02:14 AM PST

From:http://www.chinadaily.com.cn/bizchina/2014-02/18/content_17290604.htm

China has become the world's biggest gold market, with consumer demand rising by 32 percent in 2013 to a record level of 1,066 metric tons, according to the latest report by the World Gold Council.


"There has been a shift in gold demand from the West to East, due to the increasing appetite among the middle class in China and India," said Albert Cheng, the council's managing director.


In 2013, investment in gold bars and coins rose by 38 percent and 16 percent in China and India respectively.


Demand for jewelry increased by 29 percent in China and by 11 percent in India, according to the council, the gold industry's market development organization.


A survey in January by the council showed that about 40 percent of consumers in China and India are willing to buy gold jewelry in the coming year.


Cheng said the price of gold will keep rising in 2014. The average price was $1,411 per ounce in 2013, down by 15 percent on 2012.


Cheng said there were many reasons for the fluctuation in the gold price in 2013, such as demand for jewelry, purchases by central banks and a change in investment demand.


Wong Wai Sheung, chairman and chief executive of Lukfook Group, a leading jewelry dealer in Hong Kong, said the Chinese mainland remains a promising market in the long run.


He said the US is experiencing a slow recovery and China is conducting economic reform, which will pose certain threats to the jewelry industry. But he believes the gold price will increase, although there will be some short-term volatility.


Gold traded on Tuesday at $1,313 per ounce, up by about 10 percent from the start of the year.

Source:http://www.chinadaily.com.cn/bizchina/2014-02/18/content_17290604.htm

19 February 2014 - 马年黄金“满血复活”

Posted: 19 Feb 2014 02:11 AM PST

From:http://gold.hexun.com/2014-02-19/162283183.html

金饰价格七天大涨40元/克


金证券记者 管伟


"不经意间,黄金的价格又上去了。"市民朱女士感叹,一周前还是"2"字开头的黄金价格一下子涨到了"3"字头,而且有继续上涨之势。昨日,南京部分金店的金饰价格已经达到了328元/克。而在本轮黄金大涨之初,同一家金店的金饰价格仅为288元。7天不到的时间,黄金首饰价格暴涨了40元。


2014年国际金价大反弹


进入2014年,黄金终于扬眉吐气。在去年挫跌了28%后,国际金价今年迄今已经上涨了10%。而步入马年,金价上涨幅度增大。截至周一,国际金价连续8天上涨,一度突破1330美元/盎司,创2013年10月以来的高点。昨日,国际金价出现回调,截至记者昨晚八点发稿时,国际金价的价格为每盎司1315美元。


对于国际金价的强势反弹,高赛尔金银研究中心分析师王宗欣在接受《金证券》记者采访时表示,疲弱的美国经济数据提振黄金价格,而上月新兴市场动荡也打击了部分股市,刺激对黄金的避险需求。


7天黄金每克涨了40元


随着国际金价的上涨,2013年跌跌不休的金饰价格在马年也是接连上涨。《金证券》记者了解到,马年刚过,2月12日,南京地区部分金店的金饰价格三个月内再次突破300元/克。在刚刚过去的2月14日情人节,同一家金店的黄金首饰价格仅为308元/克;2月16日,同一家金店的黄金首饰价格为316元/克;昨日,南京地区部分金店的黄金金饰价格已达到328元/克。


《金证券》记者在中央商场(600280,股吧)某金饰柜台前驻足时,一营业员表示,金价这两天涨势凶猛,几乎每天都上调价格。按这个趋势,过两天还要涨。


一金店负责人在接受《金证券》记者采访时表示,目前属于黄金销售的淡季,而往年的淡季,黄金价格上涨的概率并不大。


投行开始倒戈多头。


国际金价近日的出色表现,使得黄金股近日大幅上涨。《金证券》记者注意到,周一A股市场上的黄金概念股整体上涨3%以上。其中,金叶珠宝(000587,股吧)涨停,豫光金铅(600531,股吧)、老凤祥(600612,股吧)等大部分黄金股涨超1%,昨日,金叶珠宝连续涨停。


对于黄金马年的"满血复活",投行开始倒戈多头。据报道,道明证券2月14日发表评论称,尽管长线看跌,但预计短期内黄金价格可能会进一步走高,因美国近期令人失望的经济数据,以及新兴市场年内至今的货币市场动乱。


不过,证券分析人士表示还是需要谨慎为上。国泰君安证券分析师曹剑在接受《金证券》采访时表示,由于投资者人气没有任何明显的变化,而且宏观经济前景良好,所以黄金涨势可能短暂。


他表示,尽管极端寒冷的天气可能持续削弱美国3月的经济数据,届时黄金价格的复苏预计将持续,但是标普500指数在过去一周迅速反弹或暗示着股市风险溢价上升能给黄金价格的支撑已经走向尽头。因此,不管是股票还是实物黄金的炒作,都要三思而行。

Source:http://gold.hexun.com/2014-02-19/162283183.html

19 February 2014 - Physical gold shines, consumer purchases hit record in 2013

Posted: 19 Feb 2014 02:09 AM PST

From:http://www.thestar.com.my/Business/Business-News/2014/02/18/Physical-gold-shines-as-consumer-purchases-hit-record-in-2013/

KUALA LUMPUR: The year 2013 turned out to be a bumper year for physical gold as consumers around the world bought the yellow metal in record amounts, with China and India leading the way, report the World Gold Council.


Last year, China became the world's biggest gold market, overtaking India for the first time and setting a new record for jewellery, bar and coin demand of 1,065.8 tonnes.


This was the first time it had broken the 1,000-tonne mark for the first time as consumers responded to lower gold prices.


In Western markets, consumer demand also remained strong with the US, in particular, having a robust year in the jewellery, bar and coin sectors, according to the latest World Gold Council Gold Demand Trends report.


However, while the gold market saw 21% growth in demand from consumers, outflows from ETFs (exchange traded funds or paper gold) came to 881 tonnes. The net result was that global gold demand in 2013 was 15% lower than in 2012, with a full year total of 3,756 tonnes.


Annual global investment in bars and coins reached 1,654 tonnes, up from 1,289 tonnes in 2012, a rise of 28%, and the highest figure since the World Gold Council's data series began in 1992.


For the full year, Chinese and Indian investment in gold bars and coins was up 38% and 16%, respectively. Although much smaller markets in terms of volume, in the US, bar and coin demand was up 26% to 68 tonnes, and in Turkey it was up 113% to 102 tonnes.


Meanwhile demand for jewellery – the other component of consumer demand – increased by 29% from 519 tonnes to 669 tonnes in China, and by 11% from 552 tonnes to 613 tonnes in India, reaching 2,209 tonnes globally – the highest figure seen since the onset of the financial crisis in 2008.


Marcus Grubb, Managing Director, Investment Strategy at the World Gold Council commented: "Twenty-thirteen has been a strong year for gold demand across sectors and geographies, with the exception of western ETF markets. Specifically, it was the year of the consumer. Although demand has continued its shift from West to East, the growing demand for gold bars, coins and jewellery is a global phenomenon.


"Taken together, the statistics demonstrate the resilience of the gold market and the unique nature of gold as an asset class, rebalancing to reflect the economic environment."


The key findings of the World Gold Council report for 2013:


1) Consumers remain key drivers in the demand for gold. Globally, consumers bought 3,864 tonnes of gold, 21% higher than in 2012. Jewellery demand for the year rose 17% to 2,209 tonnes, while investment in bars and coins was up 28% to 1,654 tonnes.


2) China and India both recorded increased demand in 2013. Consumer demand in China rose 32% in 2013 to a record level of 1,066t, while in India demand rose 13% to 975t.


3) Global consumer demand strengthens. Across the world there were large increases in consumer appetite for gold in both emerging and developed markets. Demand in Turkey was up 60%, Thailand up 73% and the US up 18%.


4) Indian demand remained strong despite several import-related curbs last year. Gold demand remained buoyant, with a full-year total of 975 tonnes compared to 864 tonnes in 2012. The WGC thinks unofficial imports almost doubled compared with 2012.


5) Central banks' purchase of gold was down 32% from 2012, but they continued to be strong buyers of gold, a trend which began in 2009. Last year the net purchases in all four quarters, totalled 369 tonnes, meaning 12 consecutive quarters of net inflows.


7) Technology demand reached 405t in 2013, virtually unchanged from the figure of 407t in 2012.

Source:http://www.thestar.com.my/Business/Business-News/2014/02/18/Physical-gold-shines-as-consumer-purchases-hit-record-in-2013/

19 February 2014 - 世界黄金协会:2013年全球黄金消费创新高

Posted: 19 Feb 2014 02:05 AM PST

From:http://finance.sina.com.cn/money/nmetal/20140218/141718251143.shtml

中证网讯 世界黄金(1319.50, -2.40, -0.18%)协会(World Gold Council)最新的《黄金需求趋势报告》表明,以中国与印度为首的全球消费者需求在2013年创下新高,中国成为全球最大的黄金市场。同时,西方市场消费需求仍旧保持旺盛,其中美国市场对金饰、金条及金币的需求尤为强劲。


2013年全球消费者需求同比增长21%,然而由于ETF共计881公吨的减持,全年黄金总体需求较2012年下降15%至3,756公吨。


2013年全球金条和金币的投资达1,654公吨,与2012年的1,289公吨相比增长了28% ,创下世界黄金协会自1992年统计数据以来的最高记录。


根据全年资料,中国和印度金条和金币投资分别增长38%和16%。同时,美国和土耳其市场金条和金币需求虽然总量较小(分别为68公吨和102公吨),但26%和113%的增幅也表明了全球市场对金条和金币需求的有力支撑。


作为消费者需求的另一组成部分,2013年全球金饰总需求为2,209公吨,达到2008年金融危机以来的最高水平。其中,中国市场金饰需求从2012年的519公吨增至669公吨,增幅达29%;印度市场从2012年的552公吨增至613公吨,增幅为11%。


世界黄金协会投资部董事总经理郭博思(Marcus Grubb)指出:" 2013年全球黄金需求在各领域、各地区都有强劲表现,而西方ETF市场是个例外。确切地说,2013年是消费者主导的一年。虽然西金东移仍在延续,但对于金饰、金条及金币需求的增长是全球性现象。"

Source:http://finance.sina.com.cn/money/nmetal/20140218/141718251143.shtml

18 February 2014 - 国际金价站稳“千三” 半年来千足金首涨13元

Posted: 18 Feb 2014 04:52 PM PST

From:http://jingji.cntv.cn/2014/02/17/ARTI1392621685716321.shtml

国际金价自节后已经连续8日上涨,日前,纽约商品交易所黄金期货合约三个月来首次突破1300美元/盎司,创下三个月来新高。市场人士表示,"中国大妈"对实物金的强劲需求带动金价上涨。今天上午,京城金店宣布上调千足金价格至每克315元,大涨13元。这是今年以来京城千足金价第一次调整,也是自去年9月以来的首次上调。


半年来首次涨价


记者今天上午从北京菜百、国华等金店了解到,今日调价之后,金店中千足金价由每克302元调整为315元,足金价格由每克298元上调至310元。北京太阳金店目前千足金价格上调至每克313元,会员价每克308元,调价幅度也为每克13元。


"本次黄金饰品价格上调,是从去年9月以来的首次上调,也止住了京城金价几乎连续半年的下行趋势。"太阳金店总经理于桂英表示,半年多时间内,京城金价从每克350元一路下调至每克300元左右,如果算上春节期间的促销价格,消费者实际购买的黄金价格可以低至每克300元以内。


菜百公司则表示,自春节前夕起国际金价就一直处于上升通道中。但为了在节日期间确保市场供应,金店一直到今日才上调金价。"从今年1至2月的春节市场情况来看,黄金饰品以多样的款式,丰富的品种满足消费者的需求。菜百仅转运珠就销售了几十万件。"


"中国大妈"对上涨确有贡献


虽然不少人认为贵金属仍为长期利空,但"中国大妈"对短期金价上涨确有贡献。由于今年1月份、2月份为贵金属传统的消费旺季,尤其是受到中国春节以及元宵节、情人节的实物消费异常活跃,所以金价一直缓慢上行。纽约期金从1202.8美元/盎司反弹,截至今天上午,纽交所期金已达1327点,涨幅达9%以上。


另一方面,美国经济不佳进一步拖累美元,从而带动金价上涨。美国公布的1月零售销售意外下滑,且上周初请失业金人数增加,进一步显示经济成长放缓,美元指数下挫0.5%。再加上连续两个月就业增长疲弱,近期的经济数据,令人担心美国经济能否维持成长态势,并令一些投资人希望美联储放缓缩减购债的步伐。


国际金价上涨带动黄金基金反弹,截至上周五的最新数据显示,诺安全球黄金、嘉实黄金和汇添富黄金及贵金属分别上涨7.65%、7.34%和6.94%,成为今年上涨幅度前三的QDII基金。去年,受黄金价格下挫影响,4只黄金QD降幅超过30%,业绩在当时的74只QD中垫底。


黄金后市恐怕还会低迷


对于金价后市,知名投行高盛近日指出,尽管2014年年初至今金价已经录得7%左右的涨幅,但在最终的压力下,2014年剩下的时间里金价还会继续走低。高盛将今年1月金价的上扬归结于美国疲软的经济数据,其认为这些数据多半是受美国寒冷气候的影响而被扭曲。


世元金行分析师肖磊告诉记者,金价突破1300国际金价在美联储坚定退出QE计划,全球面临流动性紧缩的情况下,已持续上涨一个多月。本轮金价的上涨再次说明,认为美国经济好金价就会下跌的理论是片面的。目前的金价已经由实体市场推动,消费强则价格强。短期走势来看,消费是滞后数据,旺季过后数据会回落,需要警惕。


本报记者傅洋 窦媛媛

Sourcehttp://jingji.cntv.cn/2014/02/17/ARTI1392621685716321.shtml

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