bottoming good.For the week,in addition to the the impact of the euro zone summit
this week,the habit is called early bigweek,because multinational RBA,and especially the
beginning of the month the U.S. Department of Labor is about to be announced this week
Friday half past eight p.m. U.S. non-farm payrolls data,but also the core concerns of the
market,especially non-farm as the observation window of the Feds future monetary policy
trends.GMT Tuesday 12:30 Reserve Bank of Australia will announce rate decision,the market,
the majority of the Reserve Bank of Australia is expected to discuss interest rates will
not do anything.The one hand,June 5,the Reserve Bank of Australia to discuss interest
rates decline in the benchmark interest rate by 0.25 percentage points to 3.5%,combined
with the EU summit provides the world with good,especially the economic downturn in
Australia and no signs of deterioration,a series of Australian economic data and no
apparent continued to weaken,these will make Australias central bank this week to discuss
interest rates on hold waiting to see the main action possibilities.However,from Australia,
moderate inflation,the Reserve Bank of Australia unexpectedly cut interest rates this week
is understandable,because it may be based on the next three to six months the economic
situation may worsen judgments,in fact,the year the Reserve Bank of Australia (RBA) 0.5
space to cut interest rates to 0.75 percent,the Reserve Bank of Australia to the end of
the year to reduce its benchmark interest rate to 2.75% this level is acceptable.But
whether to continue this week,this month cut interest rates,is widely expected to wait a
month,August Reserve Bank of Australia cut interest rates more likely.The same time,
Beijing time Thursday evening 19:00 Bank of England will announce rate decision.Last month,
the Bank of England does not extend its asset purchase program,more officials,including
the Bank of England Governor Mervyn King in recent weeks since called for

5 U.S. dollars,$ 50 breakdown at the bottom of the third wave.Seems
to correspond to the adjustments so far in the current round of price of gold peaked $ 1,7
90.5.Despite two waves run structure similarity,but the 2008 readjustment is undoubtedly
relatively greater to breakdown a Xiaolangdi and five Xiaolangdi breakdown the end of the
three-wave amplitude can be seen from the three Xiaolangdi.Breakdown amplitude of the
current alignment is small,and even substantially flush.This also explains that we
discussed earlier,the current market response to the financial crisis,had 08 years of
experience,a lot more endurance.Judging from the entire adjustment time,the 08 gold price
was adjusted from 1032.55 to 681.45 U.S. dollars after 31 weeks.Since the current round of
price of gold peaked $ 1,920.8 adjusting lasted 37 weeks.Visible medium-term adjustment of
the current round has been very full.Finalized to specific analysis of the fifth wave of
adjustment in 2008 from 930.5 to 681.45 U.S. dollars,only lasted 10 trading days cycle,
highlighting the mentality of the market is extremely panic.The fifth wave of the current
round of market from $ 1,790.5 adjustment since last 62 trading days cycle.May 16 $ 1,526.
9 confirm the bottom of the fifth wave after just 55 trading days,then adjust the medium-
term turning point,that happens to occur in the mystery of the time window.But reference
to the fifth wave of 2008,the adjustment of the fifth wave seems to be technically
Breakdown $ 1,522.55 three Xiaolangdi,this process is not yet complete,it is derived from
the wave theory,the adjustment of the gold market seems there should be a new low .
Although it is possible to form a slight breakdown as three waves breakdown the bottom of
the wave as.The derivation for the medium-term adjustment of the wave theory.Morphological
analysis of medium-term adjustment,the adjustment seems to have been fully in place.First
of all,lets find 08 gold price peaked $ 1,032.55 round mid-last the bull

closing at 76.39 points.Second,extremely
hard-line stance of the European Central Bank Jean-Claude Trichet on Thursday also provide
Euro support.By contrast,the market for the Feds rate hike is expected to lag much.The
federal funds rate futures showed the Fed to raise interest rates in January next year,the
probability dropped to 84% from 96% before the data,which is an important reason to limit
the dollar higher.Third,the the QE2 Yinbonanke strong wording and the European Central
Bank may raise interest rates in April on news of the speculators recent large-scale short
the dollar,also contributed to the main reason for the dollar kept falling.Chicago
Mercantile Exchange (CME),the data show that the short dollar positions from the week
ended February 22 200,564 contract soared to 281,088 on March 1.Chicago Mercantile
Exchange short the dollar funds in the week ended March 1,an increase of $ 11.5 billion to
$ 39 billion.Hedge funds and currency traders bet the amount of money the U.S. dollar fell
to a record,which reflects the market increasingly convinced that the dollar has lost its
safe-haven appeal,the euro area will raise interest rates soon.From the technical side,the
dollar monthly line has dropped to a critical juncture.The dollar index 89.62 points and 8
8.71 points forming a top,have dropped to near two low of 70.68 points and 75.63 points to
form the trend line.If the dollar market outlook fell below the trend line 76.00 near
strong support,fear will test the previous low of 75.63 points,down even further towards 7
0.68 points.Based on the above analysis,the line in 1420 U.S. dollars,the price of gold by
support rose inertia,gold run in the 5-day moving average on the daily chart and the 10-
day moving average,other major moving average continued long divergence is still rising in
the mid-channel support continue to rise,weeks target level of 1450 U.S. dollars. (Of
Department of the the high Purcell Research Center analyst)

.Standard & Poors over the

once reached a historical high of $ 1,032.55 an
ounce.Subsequently,the price of gold suddenly turn down so many chase investors by
surprise.Even though the rally,but gold never did again breaking the previous high point,
as of the end of May,dropped to $ 900 an ounce below.Recently,Federal Reserve Chairman Ben
Bernanke even behind the dollars speech,the dollar rose strongly,the price of gold fell
again until around $ 877,to a large extent,dealt a blow to investor confidence in the
market.The industry believes that the U.S. dollar,though short-term support,but from now
on,the U.S. subprime mortgage crisis and not completely solve the long-term weakness in
the U.S. dollar trend has not been fundamentally alleviated.At the same time,the United
States has long been the “twin deficits” situation is not significantly improved.U.S. long-
term point of view,the upward momentum is still insufficient,it is difficult to become the
resistance of the gold market outlook.The other hand,as another important factor affecting
the price of gold,the international oil price has been showed a high degree of positive
correlation with the gold price trend.With the emerging countries,the increase in consumer
demand for crude oil,the international market of crude oil demand growth is far more than
the increase in supply,which will support long-term oil prices higher.Synchronization with
the rising oil prices,international gold prices continue upward space.In addition to the
dollar factor,since last year the price of gold rose,gold demand growth is also an
important factor driving the price of gold rising.,India,China and East Asia jewelery with
gold demand has grown rapidly,at the same time,capital markets,investment demand for gold
also showed rapid upward trend.The first quarter of this year,investors bought 72 tons of
gold through the exchange.Total of about 943 tons,gold ETF holdings of gold investment
demand as the main driver of rising gold prices still continues.It is worth mentioning

the debt ceiling in 2008-2010 five times in response to the subprime mortgage crisis.Faced
with a debt of $ 14.26 trillion,the U.S. government to stop debt financing fiscal
austerity is no different,once the current economic situation,stop easing is likely to
lead to naught,if investors expect the Fed to stop buying government bonds,U.S. Treasury
bonds will have been The sell-off,yields soared,rising financing costs,dragged down again
to the United States.Thus,the United States will not only increase the debt ceiling,and
will continue easing.Crude oil is still rising opportunities.Goldman Sachs turn around to
see more than crude oil,crude oil prices above $ 100.Barclays Capital (BarclaysCapital) in
a research report pointed out that the crude oil market has generated a gap between supply
and demand,the summer increasing demand in China or in another level to give support.
Morgan Stanley will increase due to the expected demand for crude oil,Brent crude oil
prices are expected to significantly increase in the next two years,in 2011 to 120 U.S.
dollars / barrel in 2012 to 130 U.S. dollars / barrel,had expected $ 100 / barrel.Crude
oil is a commodity,but has become an excellent speculation in commodities in the Wall
Street speculators,whose funding comes from the Feds loose money supply,the global
inflationary atmosphere is not over,and the crude still have a chance to rise again in the
speculative demand.The rising demand for gold,the central bank purchased gold into the
main.World Gold Council,gold demand in the first quarter report shows that the first
quarter of 2011 gold demand rose 7%,investment demand increase of 26% compared with the
same period last year,while the supply of gold fell 4% than the same period last year,
creating a new quarterly record .2010 central banks for the first time in 21 years to
become net buyers of gold,and countries around the world gold reserves proportion of
foreign exchange reserves in recent years,the upward trend in the current

enhances the confidence of investors to invest.Remove the central
bank to buy gold will into the weak dollar support,the signs of the inflow of funds into
the gold market is very obvious,rising investor interest in gold.Despite since 2008,gold
consumer demand fell sharply,however,the price of gold has always been the pattern of
investment demand to support and continue its climb.The third quarter of the average gold
price of 960 U.S. dollars / ounce,year-on-year increase of 10%.Jewelery demand in the
quarter rose 17%,but down 30% year-on-year.Gold ETFs over the same period the absolute
number of inflow remained strong at 41.4 tons.In June 2009,the worlds largest listed ETF
fund,SPDR gold holding has reached 1,134.03 tons,an increase of more than 350 tons
compared to the beginning of the year,an increase of 45%,is another pillar of support from
the second half of the price of gold upward.Gold jewelry consumption in 2009 could not
return to the level before the financial crisis,the impact of Western and non-Western
countries demand factors vary.Western economies,the impact of economic recession the
jewelry industry,the industry has bottomed out,but investment flows remained stagnant.Over
the same period,India,the Middle East and the Far East jewelery market is still the price
of gold itself to respond.As one of the worlds largest gold market,gold prices higher is
a serious impact on the demand for gold imports in India.Since 1998,Indias annual imports
of about 700-800 tons of gold in 2009 but it may be halved.According to the latest data of
the Bombay Bullion Association (BBA),Indias gold imports in 2009 is about 370 tons,the
lowest in 10 years.However,the gold price rally at the end of 09 has been restrained.The
cause of the incident is the message of the Government of Dubai debt default triggered
risk aversion,high-risk assets have been sold off,and the United States refers to the
sharp rebound .11 In late May,Dubai Dubai World and its subsidiary Nakheel creditors

central bank next substantial holdings of gold
is unlikely.”Holdings of major hedge against inflation.The statements of the Central Bank,
in April this year,Chinas monetary authorities monetary gold has been unchanged for many
years foreign assets under 33.724 billion yuan to 66.984 billion yuan.In addition,the
proportion of Chinas gold reserves have improved significantly .2008 by the end of the
central banks balance sheet,the proportion of the foreign assets in total assets (20.7095
99 trillion yuan) of 72.25%,foreign exchange,monetary gold accounted for only 0.16%,other
foreign assets accounted for 6.07%.To the end of April 2009,the central bank total assets
of 21.227458 trillion yuan,the proportion of foreign assets was 72.9%,0.3% and 5.9%,
respectively.The SAFE authoritative interpretation of a longer period of time in the past,
a lower proportion of Chinas gold reserves and a high proportion of foreign exchange,for
two main reasons: First,China is not wealthy,foreign exchange.In contrast,the economic
prosperity of the United States and Europe and currency convertibility,the proportion of
gold in the reserves is high,such as the United States more than 70%.Second gold compared
to foreign exchange,liquidity is relatively poor,the yield is not high. “A few years ago,U.
S. Treasury yields stabilized at between 5% -8%,the price of gold is relatively stable,
there is no such a high level of income. “He said.Previously,the industry believes that
China has increased its gold reserves in order to cope with unpredictable future payment
problems.In this regard,the central bank official told reporters that “China has huge
foreign exchange reserves (affordability 16-17 months of imports),the number of foreign
debt is very low ($ 200 billion),there is no problem to pay.”The central bank believes
that the central bank to increase its gold reserves for preservation.Europe and the United
States continued loose monetary policy will inevitably lead to higher inflation,in this

platforms in the margin of the funds is 50 to 200 times
magnification or a higher proportion of gold trading,and is often referred to as the
London gold trading.Or indeed cooperation with some international futures brokerage firms,
these futures brokerage firms on behalf of the domestic institutions or individuals in the
international market to open various accounts in the name of the electronic trading system
for speculation,including the New York gold market,gold market in Hong Kong London gold
market,including the worlds major gold market gold derivative products,to the investors
claim that the price of gold “real-time reflect the market price of gold in London.Such
transactions leverage a larger proportion of risk is difficult to control,investor losses
opportunities outweigh the profit opportunities,coupled with some companies in order to
earn commissions,often in the name of guidance,so that customers frequent operation,
enabling customers to suffer huge losses.In fact,the London gold “is a variety of overseas
investment,the country did not open the London gold trading,these organizations use their
own electronic trading system,the London gold price traded way to confuse investors to
invest,and these institutions generally only a few people small company,hanging in the
name of a large company,under the guise of the name of the London gold trading cash in
investors funds,the event of a loss,the investor money difficult to recover.On the other
hand,even if some underground fried gold company indeed with some international futures
brokerage firm,its declared gold prices reflect real-time the London market price of gold
is also popular suspicion.Investors suffered losses,usually can not prove its capital is
indeed involved in overseas gold market transactions,it is difficult to retrieve the funds.
The author believes that the underground fried gold related to “false offshore
transactions”,that is,not overseas transactions and unauthorized misappropriation of
property

want to talk about the government to cut Medicare and Social Security,pension plans.
But spending cuts is a victory for the Republican Party,the Republican Party in the
November congressional elections won by virtue of the commitments to reduce the size of
government.Although the U.S. government to avoid the closing of the crisis,but also to a
certain extent,to provide the dollar some support,but because of this uncertainty makes
investors for the credit of the U.S. government has been challenged action can be weak
dollar,by pressing more intense,which also led to gold in the technical adjustments,but
the fundamentals provide strong protection to limited downside.High oil prices and
inflation to bring new risks for the global recovery,the IMF said,high oil prices and
inflation in emerging economies bring new risks to global economic recovery,but not enough
to drag on the global recovery.The latest examination of the global leaders of the world
economic outlook is different to recent years ago,have focused on the financial crisis and
the recession of the rich countries,the rapid growth in recent years from emerging markets
such as China,Brazil and India,which helped offset The economy of the United States and
other rich countries caused by the depth of the decline due to the housing bust.The IMF
warned that these (emerging) economies exist the risk of asset bubbles,similar to the foam
that ignited the financial crisis of 2007-2009.The challenges facing many emerging
economies and some developing economies is to ensure that the current boom in the coming
year will not develop into overheating.The world economy is not a huge threat facing
overwhelming,but there are some problem to solve.But the IMF said that emerging markets
have become particularly worrying.And warned that,due to the emerging markets for
difficult to control capital inflows and bruised and battered,they face the risk of
inflation.The cost of basic daily necessities significant increase in social and

Jewellery Show wonderful debut,many companies will also During the exhibition,the
introduction of new products and promotional activities.The professional jewelry market,
broad participation,water Shell jewelry trading center,Hualin International Jewelry City
Park officials jewelry market have been registered for the exhibition; Rome,Italy,the gold,
Thailand Jewellers Association will continue delegation to participate.Korea Pavilion will
also be added in the form of this event.

The jade collection Committee of China Collectors Association and Beijing Panjiayuan
Folk Culture Development Center organized the second session of the Panjiayuan Chinese
folk Tibetan Jade Exhibition,held September 29 to October 7 Panjiayuan Flea Market .It is
reported that this exhibition of works from nearly 100 collectors collecting a total of
more than 200 pieces (sets) of jade.These jade covers the the Jade development history
from prehistoric times to the modern full,for capital jade enthusiasts and collectors to
provide learning opportunities for exchanges.銆€Civil possession of jade,a long history.To
the Qing Dynasty jade collection of wind malpractice,especially in Emperor Qianlong.
Qianlong in his later years,is ready ancient Hing,not only widely collecting jade,Yu Jiang
also ordered production of antique jade.Influenced by the Qianlong Emperor,in the late
Qing Dynasty to the Republic,jade antique the most important varieties,all walks of life
are all trying to order the.Since the 1990s,with economic development,civil jade
collection craze again emerge.Civil possession of jade has a variety,the large number of
thematic,a good friend,perfect storage conditions,can make up for the lack of Museum jade,
for the promotion of the development of modern jade culture,to raise community awareness
of jade has important significance.銆€In another development,during the exhibition period,
combined with the exhibition colorful jade knowledge popularization lecture – Panjiayuan
culture auditorium.