India is a country with the world's largest gold consumer. Last year, China is buying more gold, but not enough to make it the top. Many analysts said the gold price movement is not influenced by inflation, but depending on demand and supply. Is that so?Related NewsGold Prices Will Continue erodedGold Prices Will Continue erodedGold Prices Fall AgainGold Prices Fall Again
As reported by Forbes, Wednesday (08/07/2013), recently known Indian government continues to increase its gold trade balance by increasing taxes and restricting imports of precious metals gold in a variety of ways.Not only adds to the cost of imports that suppress demand, but also constantly changing regulations of each month and is considered a confusing thing in the gold trade. Some even felt burdensome regulations lately.Things like that have been going on for several years. To explain the movement of gold, then the discussion must begin with the point of view of the United States (U.S.).Is the gold price being manipulated?First, you must realize first, that even without manipulation, commodity prices can move wildly. The movement is a result of a number of factors that had nothing to do with supply and demand, but speculation of the precious metals market.The most obvious example can be illustrated by the price of crude oil in 2008. After a long stay in a price of U.S. $ 150 per barrel, crude West Texas Intermediate (WTI) fell to below U.S. $ 40 in just a matter of months. But if oil demand declined at that time? whether all vehicles stop moving? of course not.Remarkable decline in prices is a result of the actions of traders who bid on oil prices in the futures market with momentum trading based on vague assumptions about demand growth. When prices start heading the opposite direction, the trader can not hold the stakes, and the rest of the market decline in commodity prices.Several years later, crude West Texas Intermediate (WTI) price back to U.S. $ 100 per barrel. It can be seen, without the slightest manipulation of futures markets affect the price of commodities including gold. And it has nothing to do with supply and demand.However, it is quite possible, price manipulation occurs. Recently the Commodity Futures Trading Commission asked Goldman Sachs and some companies not to delete documents and emails relating to the activities of commodity hoarding.This step is usually the beginning of the official investigation. Meaning Senate has scheduled to receive testimony major banks related commodities including gold.After inspection, some banks would otherwise defrauding investors for his own benefit his party. Actions of major banks continue to be dealt with by law since the 2008 crisis, with hundreds of millions of dollars have been misused.
Then what about the condition of gold now?Meanwhile, Zero Hedge a site run by professional traders acquire data from a number of reliable sources. In April, the site revealed that JPMorgan Chase has the world's largest gold dome showed a decrease in the quantity of 20%. The day was April 5, just five days before the decline in the price of gold for two consecutive days for U.S. $ 210.
Zero Hedge reports bia not indicate where the direction of gold, but see gold trading at the COMEX division of the New York Mercantile Exchange, gold prices will not change much in a few days to dpan. JPMorgan gold deposit box is one of the safes that are on the Comex. Thus these data indicate that the gold is not classified from 'eligible' (worth) to 'registered' (registered), but missing from the building.Where has the gold? China or India? It is very difficult to know. But while the price of gold in the form of declining stocks, physical gold demand will rise.
Several weeks after Zero Hedge shows little data about the gold, the other puzzle pieces revealed related to the movement of gold. According to the report, a total of 17 tons of gold sold in the Comex division of the same in the morning.
But sellers who try to optimize profits will not make any sales like this giant in such a short time. Sales volume itself cause the price of gold dipped. Either the company or individual that has a lot of gold will understand.
So if the price of the precious metal or a manipulated one oerusahaan? You can summarize yourself. However, gold prices could move significantly in the short term without regard to basic economics or supply and demand factors
As reported by Forbes, Wednesday (08/07/2013), recently known Indian government continues to increase its gold trade balance by increasing taxes and restricting imports of precious metals gold in a variety of ways.Not only adds to the cost of imports that suppress demand, but also constantly changing regulations of each month and is considered a confusing thing in the gold trade. Some even felt burdensome regulations lately.Things like that have been going on for several years. To explain the movement of gold, then the discussion must begin with the point of view of the United States (U.S.).Is the gold price being manipulated?First, you must realize first, that even without manipulation, commodity prices can move wildly. The movement is a result of a number of factors that had nothing to do with supply and demand, but speculation of the precious metals market.The most obvious example can be illustrated by the price of crude oil in 2008. After a long stay in a price of U.S. $ 150 per barrel, crude West Texas Intermediate (WTI) fell to below U.S. $ 40 in just a matter of months. But if oil demand declined at that time? whether all vehicles stop moving? of course not.Remarkable decline in prices is a result of the actions of traders who bid on oil prices in the futures market with momentum trading based on vague assumptions about demand growth. When prices start heading the opposite direction, the trader can not hold the stakes, and the rest of the market decline in commodity prices.Several years later, crude West Texas Intermediate (WTI) price back to U.S. $ 100 per barrel. It can be seen, without the slightest manipulation of futures markets affect the price of commodities including gold. And it has nothing to do with supply and demand.However, it is quite possible, price manipulation occurs. Recently the Commodity Futures Trading Commission asked Goldman Sachs and some companies not to delete documents and emails relating to the activities of commodity hoarding.This step is usually the beginning of the official investigation. Meaning Senate has scheduled to receive testimony major banks related commodities including gold.After inspection, some banks would otherwise defrauding investors for his own benefit his party. Actions of major banks continue to be dealt with by law since the 2008 crisis, with hundreds of millions of dollars have been misused.
Then what about the condition of gold now?Meanwhile, Zero Hedge a site run by professional traders acquire data from a number of reliable sources. In April, the site revealed that JPMorgan Chase has the world's largest gold dome showed a decrease in the quantity of 20%. The day was April 5, just five days before the decline in the price of gold for two consecutive days for U.S. $ 210.
Zero Hedge reports bia not indicate where the direction of gold, but see gold trading at the COMEX division of the New York Mercantile Exchange, gold prices will not change much in a few days to dpan. JPMorgan gold deposit box is one of the safes that are on the Comex. Thus these data indicate that the gold is not classified from 'eligible' (worth) to 'registered' (registered), but missing from the building.Where has the gold? China or India? It is very difficult to know. But while the price of gold in the form of declining stocks, physical gold demand will rise.
Several weeks after Zero Hedge shows little data about the gold, the other puzzle pieces revealed related to the movement of gold. According to the report, a total of 17 tons of gold sold in the Comex division of the same in the morning.
But sellers who try to optimize profits will not make any sales like this giant in such a short time. Sales volume itself cause the price of gold dipped. Either the company or individual that has a lot of gold will understand.
So if the price of the precious metal or a manipulated one oerusahaan? You can summarize yourself. However, gold prices could move significantly in the short term without regard to basic economics or supply and demand factors
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