Profession analyses purple golden mining industry

Gold(Gold value):RushingIs in arrangementIt isMarket sentimentRisingHowever, reason. It is to add the change of breath process expectation

Oil price is(Worry) Leting the oil businesses of Middle-East not to be willing to look at helplessly to just gain the U.S. dollar gotten devalue considerably , so invest in gold one after another, ensure asset preserve and increase the valueU.S. dollar rise, gold rise; U.S. dollar falls , gold falls. Since gold price fixes a price with U.S. dollar, if U.S. dollar devalues , , gold price must rise correspondingly to maintain certain value, vice versa. Therefore the tendency of U.S. dollar becomes the wind vane of judgment gold tendency. Besides the various basic factor that influences gold price , speculation demand also has gold influence.

GoldenFund is been

60.721 thousand:According, 600America/Ounce is equivalent90The level100-200America/Ounce

Summarize:Basic surfaceDroping isMarket confidence.It is from theGolden priceBut is nearlyBecause of the share price.

Gold:Nation-wide goldBecauseThe however purpleBecauseTechnologyMine.It is strongCountries center

Profession:ReshuffleProfit increasingThe profession

(Gold)60.919Sea gold professionFrom today, go: 1000 pureThe adjustment of 199 Yuan is to 190 Yuan; Pure gold from original each g 198.5 Yuan adjustment goes to 189.5 Yuan; The golden each g of 18 K is from the original adjustment of 149 Yuan to 143 Yuan; Gold bar from original each g 187 Yuan adjustment goes to 179 Yuan; Platinum gold from original each g 393 Yuan adjustment goes to 388 Yuan.

( gold60.907Domestic6Year7In month,Chinese gold association6Year7Produce20.751TonGold enterprise49.033100, realize4.996100

Chinese gold association6Year7In month, operation

One Gold production

Whole6Year7Produce20.751Ton.1Month7Month126.779Ton.5Annual the same10.304Ton increases8.85%.6Year1Month7Month, gold(It is mining+Content)Amount93.434Ton,5In year,2.15%. In which producing gold each mainly27.34%, Henan14.86%, Fujian8.83%, Hunan5.66%, Shaanxi5.31%, Liaoning5.20%, Gansu3.75%, Guizhou3.64%, Inner3.43%, Jilin2.96%; More each focal point produces80.98%, other19.02%.

銆€銆€Smelt(Nonferrous+Gold smelts) 6Year1Month7Month amounts60.242Ton,5In year,18.34%. Nonferrous metal22.462Ton,5In year,32.60%. Each key nonferrous metal smelts enterprise gold34.84%, Yunnan copper26.16%, the Anhui11.99%, Hubei big10.76%, the Gansu4.71%; Above key nonferrous metal smelts88.46%, other nonferrous11.54%. Gold smelts enterprise37.78Ton,5In year,11.24%. Each key gold smelts enterprise gold output46.98%, Henan clever14.61%, the Henan9.07%, Shandong perseverance6.84%, Shandong4.78%; Above key gold smelts enterprise82.28%, other gold17.72%.

2 and gold

( professionNation-wide7Month realization49.033100 million4.996100Nation-wide1Month7Month amounts270.527100 million28.42%; Amount29.704100 million55%.

3, hand in gold trade

( one) hand in gold

銆€銆€1.Conclude

Shanghai7Each gold trade114.7292 thousandKilogram,1,872.6163810 thousand1768Kilogram,57.0552210 thousand

Shanghai1Month7It is been that687.2981 thousandKilogram,5In year,44.29%. In1It is golden99.99%) conclude67.1744 thousandKilogram;2It is99.99%> quality99.95%) conclude310.724 thousandKilogram;50G little23.7Kilogram;T+5The trade gold20Kilogram;T+DIt is been that309.356 thousandKilogram. It16.48 thousandKilogram,5In year,39.73%.

Shanghai1Month7It is been that10.6784011210 thousand5In year,95.88%. In1Gold concludes1,036.9809510 thousand2Gold concludes4,789.9941910 thousand50G little365.0810 thousandT+5The trade gold292.510 thousandT+DIt is been that4,850.768410 thousand486.5580110 thousand5In year,25.08%.

銆€銆€2.Self-operate

Shanghai7Amount is114.7292 thousandKilogram,71.50855Kilogram takes62.33%; Representing43.22065Kilogram takes36.67%, independently1.65. Amount is the884Kilogram,352Kilogram takes39.82%; Representing532Kilogram takes60.18%, independently0.66.

銆€銆€3.The condition

Shanghai7Month gold15.3148 thousandKilogram,6Decrease7.91%, complete26.70%.1Month7Month amounts126.9757 thousandKilogram,36.42%.
銆€銆€
( 2) Shanghai gold

( goldThe gold7In month, overall tendency submits7In month, gold tradeSea gold7Month1The golden158.51Yuan and163.1Yuan and173.6Yuan and155.5It2The golden158.5Yuan and163.21Yuan and173.6Yuan and154.8It50The g little162Yuan and171Yuan and171Yuan and160It isT+DIt is each g to158.17Yuan and163.1Yuan and173.7Yuan and154.2It1Gold adds right163.74It is6Add right153.92Have risen9.82It/G;2Gold adds right163.15It is6Add right153.49Have risen9.66It/G;50G little gold165.61It is6Add right156.03Have risen9.58It/G; On-handT+DPostponing to deliver163.18It is6Add right153.38Have risen9.8It/G.

( 3) Shanghai gold

Shanghai7The month platinum326.85Yuan and322.33Yuan and330.69Yuan and314.6It is first.322.71It is6Add right315.09Have risen7.62It/G.

( profession60.829Gold industrialMining enterprise becomes. If according toThe / g calculation of 140 Yuan, profit margin is around 75% 87% in average; Compare with the high profit of more mining enterprise, though, the profit repayment of gold processing enterprise is low and some , but whole are still to make money. Present home market for material object gold as well as gold jewelry demand comparison is big, besides domestic golden price follows international golden price all the way Gao Ge pushes ahead vigorously , gold jewelry retail trade also gets water as fish.

" I have is a lot of to be classmate of gold mining, they would not stay in the past in mine to fight to want to go into town , it would not be come out that now, the 10 ten thousands of Yuans of every one of annual salary pull. " is engaged in the Guangzhou capital of gold investment consulting Xin consulting company's manager Zhu Zhi just says for reporter. When he looks , gold mining enterprise gains basin full bowl in the gold price of 2005 years runs high all the way fully.

Not only produce and smelt the enterprise achievements such as processing and retail on enterprise, gold industrial chain to be though not as good as the former, but also each has a role to play , choping obtain - - for past 1 years, " enterprise gild " is mad.

Mining enterprise

The mining enterprise in gold industrial chain becomes this oldest winner in gold tide. A Guangdong province gold company's senior gold investment analyst reveals to reporter, the domestic gold mining enterprise production cost / g of 75 of 80 Yuan, if calculate according to the present domestic gold price average / g of 140 Yuan, profit margin is around 75% 87% in average. Province gold company's flag takes off a produce per year quantity the 1 tons of half medium-sized enterprise profit of last year that controls reaches 560 million Yuan, it serves to show profit big space. When domestic a lot of professions enter the background of tiny sharp times, this nearly huge ill-gotten gains.

" this mining enterprise profit of some years is rich, the most are in profit state. Some enterprises need not consider skill at all to alter , cost control, time can be gone well rather. " before state gold analyst to tell reporter , since market estimates the gold price of this year, it is high to can go continuously, the profit space of mining enterprise will be still magnified further.

Under this very good situation, the mining enterprise of opinion would not naturally miss the opportunity of becoming bigger in terms of both size and influence. Some enterprises do not satisfy , is original to mine scale, begin to try west golden mine rich region even overseas market to go prospecting to mine, in trip, person describes - - " visit side to know " to pass" circle" seek and reserve

According to reporter, know that originally normally, mining enterprise establishes the door of sales department inside only and has no market analysis department, now, many enterprises establishes self one after anotherMarket, strengthen to grind for the analysis of golden price tendency to sentence. Rising with former golden price one of some years to be anxious to sell make gold, is different, these enterprises beginning under the prerequisite of analysis market tendency prudent choice good sell the position of offered price. " some production enterprise straightforward 'self-operate's, after selling seeing golden price return when rise buies back again to hoard , after going up , equivalence shelf rise supplies again. " before state gold analyst to say.

Processing

Compare with the high profit of more

When gold profession Zhu Zhi of long working experience just tells reporter, last year, golden price is unilateral rising basically, intermediate though have to be declining , but retreat through dulling one step enters two steps, therefore processing enterprise can earn profit from it. But conform on the other hand, because of international golden price and the wholesale price of processing enterprise, if golden price fluctuation is too big, once golden price is declining obviously, processing enterprise income will be shrunk. So golden price fluctuation for these enterprises is trial, how to resist risk are very crucial. Some processing enterprises accept the order straightforwardly first for reducing risk and reducing the possible loss that occurs to order goods again to purchase gold.

As we have learned, the domestic gold processing enterprise concentration of 70% scale 80% is in Guangdong , especially Shenzhen, Zhongshan, Dong Guan, Yu place, it is economic to have formed , enterprise must promote profit through scale, small-sized processing enterprise survival is difficult.

What arouse reporter notice in interview is that golden price continued rising makes producing golden on the one hand enterprise is get higher profit Xi sell; On the other hand, is anxious to purchase with golden enterprise as control cost. Since mining enterprise Xi sell , market even arises once the domestic phenomenon that golden price is higher than international golden price. " so force to use golden enterprise somewhat buy smuggling gold through the channel besides gold exchange, smuggling golden majority comes from Hong Kong. " before state gold analyst to tell reporter.

Besides, because of domestic gold, market is over-the-counter trading , has no futures product of genuine meaning yet, gold production processing enterprise gets profit to lock cost, need to often carry out hedge to international option market. But there are the enterprise that seldom possesses international futures to invest in qualification, so, many enterprises obtains to external market through underground channel the state-owned enterprise that entrusts to have investment qualification ," stir-fry gold", have buried certain risk hidden trouble.

The when

Present home market for material object gold as well as gold jewelry demand comparison is big, besides domestic golden price follows international golden price all the way Gao Ge pushes ahead vigorously , the gold jewelry when the river rises, the boat floats high and Guangdong market gold retail price of retail prices make 20 Yuan more than other inland city each Ke-Gaoes around.

Before state gold analyst to tell reporter , benefit in golden price rising, large scale gold retail dealer waits for gold jewelry total sale as Beijing vegetable 100 and work America and concludes quantity, also have greater increase; Some small-sized sales volumes of retail dealer and not definitely than

(It is)60.817Shandong(600.547) is the gold production enterprise of the2005In year, the33Metric ton takes15%. In which,4.96Metric ton takes15%.
5Year5The golden continent6Annual minerals8%. Besides, the estimated2007Before end of the8The minerals23%, this will become company's potential profit increase source. If completion has the purchase of the golden mine of purchase condition for parent company, the golden mine total reserves of estimated company may increase130%To185MetricIs next only to the

(Profession)60.809Because of the various mineralsMetalProduction tycoonPurchase.

(It is.Profession)As we have learned, the inland gold production that appears on the market in Hong Kong tycoon purple golden mining industry now shows for exterior, the capital expense of the group plan of this year approximate when31005100RMB, will extend the internationalizationCleverIt is also6864RMB purchase80%Rights Mining industry7090RMB controls
AnotherHunanIt will scold1.09The RMB of 100 million, purchase18.35%And9.86%Rights and interests,97.35%And100%.

Only metal production enterprise is busy to expand , the retail enterprise of noble metal is not exceptional also. The first pencil of Shanghai local retail tycoon shows for exterior , has cost 100 million Yuan in this year to carry out expansion more , increases capital2,331.310 thousand Yuan1: 0.5Proportion enforcement7,786.810 thousandKThe goldenMake.
(Gold)60.808Chen Jing HeGoldenIn average152U.S. dollar is to get the factor influences166U.S.(Doubt); Golden1%, the group0.6-0.7%; He claims that afterQuantity375Ton

60.807Chinese gold associationFirst half of the year,Take off,2,470.8 million Yuan

( professionProfit increase speed has exceeded the22.1494 billion Yuan( present price) increases of 22.64% compared with the same period last year. Chinese gold association vice-president Lv Wen Yuan shows , the domestic gold profession profit of first half of the year increase considerably should be mainly since price factor, but in second half of the year, the profit increase pace of gold enterprise will be put slowly.

( goldHowever, An Tai Ke message developmentWill submit continuously to raise. " even, the international

Domestic Gao Wei of gold price is alwaysThe / ounce of 550 dollarsThe time in May, international gold price.

Last Friday,The golden closing price No. 1 is each g 165.45 Yuan,

( goldFrom gold,Domestic for the, the data issued before world2%, demand reaches 68.4 tons, Chinese gold association

OurThe in this year annual gold output goal that sets in April is 240 tons , increases 7% than last year. Having amounted to in first half of the year to complete 106.028 tons of output and the same period of last year compare , gold output increases 6.314 tons , increases of 6.33% compared with the same period last year.

(Gold)60.807GoldenCount each ounce of falling of 730 dollars around each ounce of 655 dollars in mid-May high in the 25 years achieved. But analyst claims that golden price is still lower , and claims that the golden price of this year will reach 580-650 each ounce of U.S. dollar around.
(Gold)With the Asian national demand for gold jewelry that
In this year former 6 months.China is the 4th big gold

(Gold)60.801- - first class Chinese west gold industrial213.2It is that ton ranks4Position keeps on a relatively2005In year,220.5Ton, make historical395The RMB of 100 million Yuan becomesBut since the domestic gold trade market of our country is in primary stage, so, the trade quantity of resident investment gold is not large , the gold consumer amount of our country and output increase steadily to benefit act as mainly golden consumption market heat up continuously.

Usual , gold investment product major minute is the gold bullion of gold bar , paper gold, gold decorations article, investment type gold coin, memorial gold coin and gold derive product such as gold option. It is grown not that the gold market of our country sets up time, untilJuly 2005, Shanghai gold exchange just formally opens to individual, and still do not include gold option trade. Now, domestic gold investments has the most of two mainly, a kind of is the gold of material object, include gold bar, gold coin and gold decorations article; A kind of is paper gold, do not directly give material object , but is to rely on the rise of gold price to a proof to fall to get profit.

And the author discovers in interviewing , the most customers purchase gold decorations article , for self, wear the hobby put on or present relatives and friends, consider its investment value comparatively less. Some customers the opinion that some also invest in , but look around for making investment to be in , have no action of specific participation.

(Gold.Profession)60.724Happening to:In first half110TonIncrease12%.Realize25100Increase59%.Estimate annual10%.

This1Month1Day6Month30DayGolden530America/Ounce614, 1-5Produce88.8TonIncrease12.44%Realize180.13100Increase24.66%Realize21.12100Increase58.31%.

( gold60.724Reveal according to2006AnnualInternationalRise continuously,1Month1Day530U.S./Ounce6Month30Day614U.S./Ounce( 28.35G), increase84U.S./Ounce and15.8%. Half589It/Ounce increases37.8%.

Domestic gold profession grasps international golden price the historical opportunity of continued Gao Wei, it is spiritual to study further to implement " national economy and society develop the 11th program outline of 5 years ", implementing nation-wide gold working meeting conscientiously every working task put forward , whole profession presents the good tendency of run mode.

( gold supplyIn first half ofBenefit increasing.1Month5Produce88.8Ton increases12.44%; Realize180.13100 million24.66%; Realize21.12100 million58.31%. It is expected110Ton increases12%; Realize25100 million59%.

( professionGold reshuffleAccelerate , large scale enterprise strength further strengthening. Since this year, Chinese gold group company has purchased Hubei chicken cage mountain golden copper mine , joins a batch of local mines such as share Jiangxi Jinshan golden mine; The sea golden storehouse gold company in the Shandong gold group purchase of limited company; The purple golden group Joint Stock Limited Company of mining industry purchases and joins a batch of colored mines such as share Inner Mongolia and Yunnan and gold mine; Shandong recruits the golden group continued integration of limited company to recruit a batch of little mine in far city; The clever precious gold purchase and ginseng share Jiangxi of Joint Stock Limited Company go up forgive the golden mine of etc. region. The gold profession management department of every place approves and handles through project to mine the means such as gold minerals instrument of ratification , drives forward the work of structural adjustment actively , produces the little golden mine quantity of golden district mainly to decrease , degree raises industrial concentration.

銆€銆€GoldInput increases ,Country has increased gold land further Kan support, gold enterprise has also increased fund input generally, in succession when Dian Qian cassia tree, the mountain range of Xiao Qin and sticky east etc. important become mine tape and the large scale deep of mining area increase golden mine resource reserves recently, if Guizhou is mercury, hole is golden, mine increases resource reserves recently15Ton, Henan Qin20It is near that ton50Ton. The gold army of armed police on Gansu village , the Yunnan precious factory and Hunan of good fortune the new and Xinjiang golden mining areas such as two springs have discovered new gold resource, Kan check accomplishment is plentiful.

"Walk" beginning sees effect, using external resource,1.5Establish basically ton ); Kazakhstan of Chinese gold group company's investment this other for a long time other golden mine beginning the construction of early stage; After controling the share Canadian peak company of mining industry then, the purple golden group Joint Stock Limited Company of mining industry again begins to purchase Peruvian certain large scale copper mine.

( goldBy the international political influence of economic atmosphere, international golden price is estimated to maintain Gao Wei continuously to run, drive gold production to increase. The gold output estimated increasing rate of our country when10%Control, performance of enterprises increases considerably. Under the guidance of the relevant policy of country, gold enterprise asset reshuffle and resource integration pace accelerate , asset and resource are concentrated continuously with talent to advantage enterprise. Gold profession production situation overall is better, but some regions build and break the law blindly to mine and confuse to pick excessive dig etc. behavior raises head , the mining situation of safety in production does not allow optimism, the resource guarantee of some enterprises has low degree , excavation relation imbalance. These problems should be paid attention to highly.

In second half of the year, domestic gold profession makes focal point in order to go off work to do: One is to enact gold industrial industrial policy and the profession development program of " 115 " as soon as possible , is adjusted at the right moment using the policy of foreign capital , guides profession healthy development. 2 is to grasp opportunity, increase the intensity of structural adjustment , guide and drive forward gold enterprise resource integration , take over and reshuffle to work. 3 is that continuity drives forward economic increase way change , encourages to develop circulating economy , reduces resource consumption with great efforts , uses the resource of low grade fully. 4 is coordinative relevant department, strengthen resource to protect , prevent picking in disorder to dig excessively to raise head. 5 is positive encouragement and guides gold profession to develop autonomous innovation , rely on technical progress to raise competitive ability , " walk out of " develop to use external resource.

(Gold)60.721 thousand:According, 600America/Ounce is equivalent90The level100-200America/Ounce

(Gold)60.712According2005In year,220.5Ton, make the historical395The RMB781002100The new Yuan of 10 thousand),

(Profession)ChineseReshuffleIt is accelerating , large scale enterprise strength is also strengthening further. Chinese gold group has purchased Hubei chicken cage mountain golden copper mine , joins share a batch of local mines such as Jiangxi Jinshan. In Shandong gold group has purchased sea golden storehouse gold company; The purple golden company of mining industry purchases and joins share a batches such as Inner Mongolia and Yunnan colored and gold mine.

As we have learned, Chinese gold enterprise has made1.5Establish basically ton ), Kazakhstan.

, domestic near future is also unceasing2006Year6Month has380010 thousand dollars, in7Kilometer15Kilometer. Preliminary155Ton and the300Ton is rated as this century domestic gold3To4In year, will10The large scale20Year

Xinjiang Ha-Ba river county has become since golden mine resource is rich the domestic land that gold tycoon assembles. Ha-Ba river belongs to the Kazakhstan country Altaic mine of mining area to bring east prolong part, the ton more than 100 on pure gold reserves. The domestic large scale stock company that invests in the 100 million Yuans more than 10 recruits as Fujian purple gold and Shandong, Henan clever precious etc. is already begining to run.

Another resource big province50To80Ton and resource potentiality

Now, some domestic west major province districts are intensifying efforts to seek investment from overseas for golden mine development. For example, Guizhou province will enact more preferential policy , attracts domestic and international fund, reinforced golden mine resource commercial nature Kan check and develop , work hard for when Qian southeast finds out2To3The type mineral1.5To2.5Multifariously

( gold60.718Get the promotion of the golden priceThe / g of 4.5 Yuan has broken liter generally the big barrier of 170 Yuan, exceed 173 Yuan. This is after this year at the end of June golden price falls to break biggest one rebound after the big barrier of 150 Yuan.

Yesterday Shanghai golden each that delivers place gold trade kind has accepted the task of the situation of last weekend, present even rise, it is completely the same that company rise , but coiling , it is somewhat slight to fluctuate. Even world is golden, price also gets the influence of international situation yesterday to rise considerably, gold avoids risk to buy plate make the gold on-hand stock rise once to each ounce of 673.8 dollars, since two months highest level.

( gold supplyAnd from domestic condition,In 2006 in first half of the year, the gold profession of our country estimates to produce 110 tons of golds , increases of 12% compared with the same period last year; Realize profit 2500 million Yuan , increase of 59% compared with the same period last year. According to report, is influenced by international politics and economic atmosphere, international golden price is estimated to maintain Gao Wei continuously to run, It is expected that the gold output increasing rate of our country of this year will be around 10% , performance of enterprises will increase considerably.

( gold supply60.717According11Day is2006In annual first half of the year, the gold profession production of our country of first half of the year and the report of gold profession operation condition have better situation, benefit increasing rate is larger than output increasing rate.

1-5Produce88.8Ton increases12.44%; Realize180.13100 million24.66%; Realize21.12100 million58.31%.

( goldIn the first half1Month1Day530U.S./Ounce6Month30Day614U.S./Ounce increases84U.S./Ounce and15.8%. Half589U.S./Ounce increases37.8%.

According to report, is influenced by international politics and economic atmosphere, international golden price is estimated to maintain Gao Wei continuously to run, the estimated gold output increasing rate of our country will when10%Control, performance

( professionReport still says that the gold reshuffle of the enterprises of our country accelerates , large scale enterprise strength strengthens further. At the same time since, this year, our country has increased gold land further Kan support, in succession when Dian Qian the areas such as the Golden Triangle of cassia tree, the mountain range of Xiao Qin and sticky east ascertain new reserves.

( gold60.713But since seeing for a long period, the system defect of euro has not been rooted out. Under the expectation of the defect increasing strengthening of international currency system, the financial attribute of gold will again get unprecedented performance.

銆€銆€.See from the basicIt is expected that the non financialness gap of the global gold of coming years will enlarge step by step; Additionally, global minerals golden output is hard to rise efficiently , is Russian , China as well as every increase of the optimization asset structure and gold investment demand of oil producing country of foreign exchange will be helpful for the rising of golden price.

( gold From gold shareThe correlations of, and often have1993The annual golden15%Control,TSXGoldIndex rising90%, come in average2Time

銆€銆€.Recent gold price the major reason of adjustingCause partial funds to; Say from5Month7Month is consumer trade depression of gold decorations article normally , this time gold price will be declining , is not exceptional in this year. As America adds breath process to enter end step by step, we judge gold price, will walk again into rising passageway.

銆€銆€.From global gold share, estimateEV/EBITDAIndex, present domesticAThe two site gold shares of the stock market are seen relatively, Shandong gold in estimate value attraction to want relatively is better than golden yellow gold. In we think that enter rising passageway and Shandong gold along with gold price new step and golden yellow gold may have better expression.

銆€銆€.ProfessionAmerica add breath process to exceed market.
( gold60.711When international golden price Gao Wei dulls , Chinese golden city has entered the stage " quantity price increases in unison". The today forecast of National Development and Reform Commission is claimed , in this year, the Chinese gold output material of increasing rate is around 10% , performance of enterprises will increase considerably. And by the international political influence of economic atmosphere, international golden price is estimated to maintain Gao Wei continuously to run.

In this year 1 to 5 month, it is many that China produces 88 tons of gold, increase of ten percent of 2 compared with the same period last year to exceed , gross value of industrial output increases of near 1/4 compared with the same period last year. And in duration of past 5 years, Chinese gold output amounts to , have reached 1008 tons, produce per year the 4th position of quantity house world.

Though in this year, international golden. Under this case since, this year, China has increased gold land further Kan support. Happening to alter member reveal today that in this year, Chinese gold enterprise has increased fund input generally, in succession when Dian Qian the Golden Triangle of cassia tree, the mountain range of Xiao Qin and sticky east etc. is important to bring into mine and the large scale deep of mining area has increased golden mine resource reserves recently.

Another as reveal , in second half of the year, China enacts gold industrial industrial policy and the profession development program of " 115 " as soon as possible , adjusts at the right moment to use the policy of foreign capital , guides gold profession healthy development.

( gold60.708Learn it is reported recently from213.2 tons and 4th ranking world position keep after India, America and Saudi Arabia on a relatively steady level. In 2005, China produces 220.5 tons of gold , makes the historical best level, gold profession realizes the total RMB of 39.5 billion Yuan of output value , becomes the 4th after the world after South Africa, America and Australia to produce golden country.

The China in recent years when Qian southwest has discovered to block Lin Xing Jin mine, along with research and Kan the thorough checked , have formed in China Dian Qian cassia tree and Shan sweet river " two Golden Triangles ". Now China has become world go up except most important Ka-Lin besides America type golden mine minerals land, card Lin Xing Jin mine has become the most important golden minerals land of China, Qian southwest also therefore quilt China gold association whenGive in September 2005 in

( gold60.707The tendency with recent
This year May, international golden price unclothes the wild horse of reins first just like one, with the speed that makes one dizzy Biao liter, on May 12, it is recently high that international golden price is to achieve the 25 years of 730 dollars. However, good scene does not grow , on June 13, the strategic pass of 600 dollars has not been also protected; On June 14, international golden price has most dark one day in this quotations, it is minimum to fall to 541.9 dollars. The domestic golden price of and international gold price pothook also from the / g of 186.5 Yuan once take off Cuo go to the / g of 142.3 Yuan.
Afterwards, gold begins to recover lost territory gradually. Up to Tuesday, international golden price highest have reached 623.5 dollars, and in domestic golden price plate, also break through the / g of 160 Yuan again.
For this, it is two that country goldenOne is to add the change of breath process expectation for America to cause U.S. dollar index stage rising , causes partial funds to withdraw gold market, turning to throw go to American bond market; 2 is caused by seasonal factor.From law, say , is consumer trade depression of gold
From the gold month line tendency from 1975 to this 30 years of 2005 years, picture is seen , the seasonal law of general golden price is , in February, it is after the falling of April , in May, price picks up , June and July price maintain concussion. August price considerably rebound, rise tendency lasts to end of the year.
Why can gold present the tendency of this kind of seasonal rising? Expert analyses , major reason is aroused by the fluctuation of gold jewelry consumption. The 3 rear quarters in one year are the major period of jewelry sales. For example, foreign Christmas, the Spring Festival of China and so on. So, from the experience of former 30 years, in August, gold will again enter price to run high to expect , should be to buy the best opportunity entered and invested in therefore in July.
Golden
Li Zhui Yang expresses whether judgment gold price is estimated high or underestimate may have very multi-party France, in which and the rate of exchange of petroleum is in which one, they are positive barriers.
SinceExplain theoretically, the rising of crude price often arouse know to expand , drive gold price rising , so reach crude price and gold price to present positive barrier. The average rate of exchange of golden price and oil price in history is 16.4 times, and now, this rate of exchange is around 9 times , this explains from some degree that golden price had been far underestimated. At the same time, from the relation of rate of exchange of silver price and gold price, may also find out that gold price had been underestimated.
He thinks that in history, goldIt is the tendency that has arisen gold price and U.S. dollar index positive barrier in 2005, major reason is gold as the merchandise supply-demand relationship of material object improve considerably, gold decorations are tasted and processing
Before end of
Xiang wealth bond research development central chief profession analyst Wang Zhi Xiang thinks , the gold of 2006 years will be valued continuously, international gold price the liter that will continue 2005 tendency, his optimism is estimated , the golden price of this year will break through 800 dollars probably, it is new and high to even reach the history of 1000 dollars.
Wang Zhi Xiang expresses that the major reasonU.S.It is the most major factor that promotes goldGold becomes to protect, gold catches up continuityGold demand, in recent years, domestic gold output is around 200 tons , and consumption figure keeps , is around 260 tons , China takes the structure of foreign exchange reserve if adjusting gold reserve than, will stimulate the rising of international golden price maximumly. Even if according to world countries gold reserve, taking the average of the 9% of foreign exchange reserve to adjust , our country also has the 8% of foreign exchange reserves that must change for gold reserve, international gold market will 4500 tons of therefore much demands, and the global gold sales volume of one year is also the tons more than 600, to buy enough 4500 tons of golds, at least, need 8 years. Therefore foreign organization virtue silver, lotus silver and Tokyo Mitsubishi are expressed , golden price rising passageway has opened , the city after investor values. The gold of 2005 years price will reach the / ounce of 440 dollars, on last forecast, tune 6.2% is new and high to the history that the golden price of 2006 years will break through 800 dollars probably and even reaches 1000 dollars. It is expected that in 2006, gold annual price is expected to reach the / ounce of 650 dollars.
Bond analyst TianThe gap continuity of supply and demand is increased investment fund, disadvantageous U.S. dollar and the rising of, global means of production hold storehouse in large quantities is the important power source that promotes gold price to rise.He thinks that causes gold price to go to high

( profession60.707Recently, the domestic biggest two gold enterprise groups of scale and the Fujian purple golden groups of mining industry and Shandong provinces recruit city country big gold Joint Stock Limited Company to formally sign the strategic agreement of cooperating , both sides will jointly establish the purple golden country big limited company of mining industry, and when resource development and the fields such as use, technical exchange and cooperation spread out all-around strategic cooperation.

As Chinese present biggest gold mining industry, group and gold smelt enterprise, purple golden mining industry and country big gold when resource and technical aspect the complementary of very good existence. The purple golden group of mining industry2003In year,HShare success appears500100 million Yuan. In last few years, the purple golden group of mining industry relies on fund advantage and technology, management and cultural advantage, when domestic and international purchase various minerals resources, become the Chinese field well-known set of mining industry actually tap enterprise. Shandong country big gold Joint Stock Limited Company smelts enterprise as the first professional gold of China , possesses the excellent technical talent team of a set of domestic advanced production technology and one, its gold smelts technology to keep throughout domestic leading level. Since2004Since year, mutual senior level contacts,

According to the stipulation200Ton/Day two roast smeltery by country company's organization management team contracts operation; 2 is the purple golden group of mining industry sign long-term golden concentrate and copper concentrate supply with country big company contract; 3 is that both sides invest together100010 thousand Yuan sets up the purple golden country big limited company of mining industry, overall purchase , take over other minerals resource, copper mine and the golden mine in the Shandong province boundary of joint development. The purple golden strong winner of large country unites and has complementary advantages , has important meaning for accelerating the development of two big enterprise groups and guiding domestic gold industrial development.

(Gold)60.706The gold consumer amount of mainland China of last year reaches at two hundreds and thirteen two ton, 4th ranking world position keeps after India, America and Saudi Arabia on a relatively steady level. 2 5 years China produces gold at two hundreds and twenty five ton, make the historical best level, gold profession realizes the total RMB of 39.5 billion Yuan of output value , becomes the 4th after the world after South Africa, America and Australia to produce golden country.

The China in recent years when Qian southwest has discovered to block Lin Xing Jin mine, along with research and Kan the thorough checked , have formed in China Dian Qian cassia tree and Shan sweet river " two Golden Triangles ". Last year, the Sino-Australia Guizhou brocade plentiful gold resource in Guizhou mud ditch project control of the company of mining industry has reached 124 tons, is oldest card Lin Xing Jin that China has known mineral deposit, this firm will the base test run of this year produces gold, will become Ka-Lin of biggest type in Asia very quickly one of type gold mines. The mercury hole golden mine that Chinese purple golden group develops in Guizhou has controled card Lin Xing Jin the mine ton more than 50, Chinese gold group has controled card Lin Xing Jin in Guizhou, have the mine of near 30 ton. Now China has become world go up except most important Ka-Lin besides America type golden mine minerals land, card Lin Xing Jin mine has become the most important golden minerals land of China, Qian southwest also therefore quilt China gold association in 2 September 5 gives in the title of " Chinese gold ".

Guizhou from last century the end of 70 decade when since Qian southwest discovery golden mine, show already verified deposits at two hundreds and forty-nine five ton, the reserves of distant view are more than 1000 tons , end 2 Guizhou of 5 years amounts to production gold at thirty-four 5 or 6 ton, realize the RMB of 2800 million of output value. In recent years along with domestic and international gold tycoon enter and garrison , Guizhou has walked out of step by step to manage the extensive low threshold with little scale in the past, beginning to establishment environmental friendly type mining big tramp strides forward.

60.622JohannesburgThe news of JuneSouth AfricanIn 2006, will stabilize during, receive price rebound mine site the quantity closed reduces influence gradually. South Africa is global biggest gold production country. Minerals and Alex Conradie of energy department are claimed , the South African gold output of 2005 years glides 13%, the year before last glides near 9%, but the output of 2006 years expectation mild glide 1.6%

( goldThe golden price of 60.618 thousand falls , is already not first in this year. February 8, Shanghai gold delivers major trade kind each g price universal appearance to exceed 5 Yuan is declining , fall exceeds 3.5%. After get international politics and U.S. dollar to go to weak influence , international golden price climbs once to rise to each ounce of 730 dollars, domestic has also exceeded the / g of 180 Yuan. As we have learned, former gold delivers history go up have only the platinum gold of April 29,2004 Pt99, 95 single days are declining 9.64 Yuan, single day of and other gold contract falls seldom has to exceed 3 Yuan.
Think concerning personage, appearance such
Fried golden
Now, gold price tendency is indefinite, market personage also thinks that prospect is not clear , though, all are optimistic to estimate long-term bull market, but the risk in short period begins to show. Relevant personage appeal puts out gold futures as early as possible with a view to hedge.
See from the presentU.S. dollar rises , oil price is declining may add breath with America is recent major power , and for a long period, see that the other foreign currencies such as Yen as well as the influence of noble metal etc. cannot be also despised. According to the report in, the program of " 115 " of Shanghai gold exchange has put forward this year clearly possibility puts out gold futuresThen, domestic

( gold60.614 thousandThe gold price, it is low that merchandise COMEX of New York of futures trading expects gold to go continuously, other noble metal also therewith falling, the rebound of U.S. dollar goes to winner, dozen has pressed the demand of international investor for resource kind of asset. At the same time having aroused silver cathode copper and crude oil etc. market is declining completely. Also, step also tends to Shanghai gold exchange golden price, near future appears on the market each kind also all the way falling. To June 13, the price of New York of spot market has fallen to the psychological price of the / ounce of 600 dollars, and Shanghai gold exchange each kind also keeps reluctantly, is shaking more than the / g of 150 Yuan.
( goldConsulting organization GFMSRelieve to avoid risk as rush positionGFMS when in one clear name, end for March when season as rush position sharplies decline , when making the 4th season of 2002, biggest sheet reduces in season, same 2005 annual light relieve to avoid dangerous campaign form distinct contrast. This organization claims , the manufacturer who does not level storehouse at the end of March as rush position totals 10 thousand ounces of 5,030, more former season sharplies decline 8%, in more last year, the same period reduces 12%. Certainly, analysis organization thinks that now expects golden correction tendency already close to end, long-term prospect still upward. Though the golden price on-hand stock falls to break the important price of the / ounce of 650 dollars after, Rui silver analyst has also repaired the mid-term price forecast of noble metal , but estimate 2006 thereafter or the golden price material of 2007 years will go to trip. From the American merchandise committee of buying operation( CFTC) announce hold storehouse to see , enter May, fund bull hold the range of storehouse decreasing is apparently, this is also from the one of major reason that has explained present price adjustment on the other hand since the large-scale bull flat storehouse of market speculative fund causes.
( goldInternational golden price is declining fast make each index on technical surface also add fuel to the flames to leave empty , the sound of the finish of bull market again sounds again. The major influencing factor that is declining is stillThe tendency. It is made speech that America unites to store up chairman Bo-Nan-Ke two publications , mention again and again that the economy of America has not yet begun to decline; At the same time in the aspect of productivity recovery also is not thorough. Based on above, it will decide to continue the expectation of liter breath to rise again if market unites for America to store up June meeting. At the same time, recently, American major economic data is expected well in market, have also given the certain rising support of U.S. dollar. U.S. dollar go to winner have attracted investor short period to pull out of from gold market, so making golden price get to profit the dozen of finish presses. Secondly, news, aspect and Iranian nuclear issue become steady day by day , gradual when to good direction development. A news of Thursday sprinkles oil on fire, help gold phony enlargement result of battle. In Thursday morning, American broadcasting radio station issues , show Premier by Iraq to confirm that base important figure Zarqawi has been fried body in one air attack of U.S. Army to die. This news, one happens , market guess Iraq may recover the output of crude oil that has stagnated for a long time. Directly causeThe burden.
( goldFrom profession, come to see that abroad, major gold manufacturer expresses that now, house high golden price still has further rising space, it is very probably fair to not come because of global gold production for 5-10 year or glide. It is expected that golden price is not liter to each ounce of 850 dollars to be impossible.

( gold60.61 thousandGeting international golden price60.609WeekInternationalGoldPrice is, theFuturesExchange( COMEX) issue goldMetalAlsoSinceU.S.Going to hard dozen.It is to go toCopperCrude oil is. Also, step also tends

The factor that causes present golden

Profession aspect comesNow, house high goldenDo not come5-10Year is very possible850U.S. dollar(Gold)Gold( WGC)Chairman loose18A month willRelevant globalFew points largeNow, market need not worryOr there is theDo5-10Annual gold output will be fair or glides.5-10Year, some produce goldenSmall-sizedThan former condition, have got maximumOn tradition through investment

(Gold,(Gold)But analysis organization thinksThough, the638After, Rui silver analyst2006Year2007Annuity. Because of basis2005The annual200Ton. If calculateAt present, the gold0.16G; The Indian724Ton and0.66G, is the 4 times of China isSay that is completely open, so same action good in the Asia of gold jewelry, China will not allow overlook in the future for the demand of gold jewelry. We reserve analysis again from country. China just announces recentlyForeignReserving8700Many 100 million600Ton calculates according1.5%Control. On the contrary if watch8100Ton gold is 10 few times of China.500Ton increase600It is20%, at the same time, also squeeze into global ranking1.5%Is increased3%, it is near700Ton gold. This is the strength of cannot overlook for global gold market. At the same time, other some global countries wait for as Russia and Saudi Arabia until center trip is also not stop in recent years to increase its gold reserve.

(Gold)60.606For this year,10%Above increase. Especially produce golden50%Above. When consumer buies rise do not buy the psychological role of falling take off, domestic golden decorations article sales are fiery, brand enterprise sales volume increases considerably than the same period of last year.
While producing golden enterprise output and benefit two bumper harvests, gold investment and golden decorations article market are vigorous to develop. From Shanghai gold exchange trade statistical discovery, gold exchange this year ago, the trade quantity of 4 months amounts to , increase than the same period of last year22%, conclude amount50%Above. This statistical data shows that
(Gold)(Gold)The domestic price tendency of golden price trails international golden price tendency, Shanghai gold exchange golden price quotations is converted according to the RMB exchange rate of real time, differ with international golden price very little, the basic maintenance of price difference when0.5%In, have shown the degree that Shanghai gold exchange golden price and international golden price conform. Therefore, analysis and judgment domestic gold price form mechanism and tendency, must carry out analysis from international visual angle. Analyse and judge the domestic tendency of golden price , must when trail and analyse influence international investment development, international economic, international finance and the international geopolitics of international gold price situation, and it is taken off that it specifies background mechanism carries out the relation of and gold price.
For present stage, influence the factor analysis of golden price, since second half of last year, the Iranian nuclear issue and its corresponding geopolitics relation that shows step by step are the leading factors that influences current stage golden price. At the same time, American the stock market is declining pressure shows , inflation pressure shows , the important economic resource price rising with petroleum contract as main part, have produced for the rising of golden price certain help to push role. These stages influence the factor of golden price , should arouse the enough attention of the financial department, gold profession and gold investor of our country.
In recent years, the gold of our country is mining , smelt the gold demand and supply that enterprise production forms the balance of general interest, somewhat gap, gap part passes , is remedied from foreign import.

( important60.606Recently, gold price becomes the focus of social different aspects concern, also even gold is kind of, the stock of stock company also becomes the focal point that masses of bond investor pays attention to. In golden yellow golden, Shandong gold belongs toThe two gold stocks of the A site of the
銆€銆€In Shandong gold and in this golden yellow golden two stock companies, the golden yellow golden source of main business in the smeltery of Central Plains, the Shandong gold source of main business belongs to gold mining field in new city golden mine.MountainEastern gold is to produceWhen golden price rises , Shandong gold benefitIn the minerals majority of golden yellow gold is lean ore, in compare with Shandong gold, the minerals general idea of gold content of golden yellow gold is equivalent to half of Shandong gold minerals gold content, therefore cost is compared high.
The purple golden mining industry that appears on the market in Hong Kong is the oldest gold manufacturer of inland, the purple golden production of mining industry of 2005 years 15.266 tons of minerals gold, take the 8.55% of inland minerals golden quantity. In recent years, purple golden mining industry accelerates to expand pace constantly , even stretches antenna to overseas. Clever precious gold belongs to comprehensive gold company, major servicing explores for gold to mine , smelts and refines.
As well known, minerals resourceThe ore supply of raw material of clever precious gold can not satisfy self demand, it is twenty percent of to be self-sufficient to lead to be approximately, the purple golden raw material of mining industry can be been self-sufficient basically. Therefore it is been high
Gold price trend direct decision the achievement of gold company, at the same time, stock market belongs to fictitious capital, fictitious capital elasticity is great, therefore the elasticity of gold stock price will be larger than the elasticity of gold price. That is said, when gold price rises , the rise of gold stock price will be larger than the rise of gold price; When the time that gold price is declining , gold stock price fall will be smaller than the rise of gold price to. Therefore gold stock investor must pay attention to and analyse the tendency of gold price closely.

60.605HaveG share fills right new high G Lu gold possibility will purchase a asset of the Shandong gold group of parent company, is completed if purchasing , G Lu the gold reserves of gold will go to 200 tons by 100 tons of current increases more.
Having achieved G share to fill right new high G Lu gold( 600547.SH) possibility will purchase a asset of the Shandong gold group of parent company, is completed if purchasing , G Lu the gold reserves of gold will go to 200 tons by 100 tons of current increases more.
This piece of asset is Shandong gold group
June 1, G Lu gold bond representative Tang Qi of general affairs tells newspaper reporter, now company has not decided whether purchase Lai Zhou Jin from big shareholder hand storehouse project. Know the facts person reveals , though now, this matter has no final conclusion yet , but is considered from the angle that avoids the competition with field , affirm meeting in the future put high quality golden mine into G Lu gold, the unified program, exploration and scale of stock company mined for gold by main business are developed.
The cash of
In May last ten-days period, Shandong gold group has signed a paper stock right with Chinese overseas group to transfer agreement and the former with the cash of 500 million Yuan since the latter on hand have taken Lai Zhou Jin all stock rights of storehouse mining industry.
Lai Zhou Jin storehouse project is that Chinese overseas group carries out a priority discipline of the resource investment of mining industry, is but in the main business that country capital member makes clear last year for it , Lai Zhou Jin storehouse does not be placed in its scope of main business in, have to sell very reluctantly.
A internal personage of Shandong gold group tells newspaper reporter, have no by G Lu gold directly purchases , is mainly because the stock company at that time is being busy share to alter , purchase needs considerable cash , has the Shandong gold group of stronger financing ability to avoid to raise obstacles, under the support of Shandong provincial Party committee, province government and province country capital member to personally go into battle.
The saying of building China according to the Shandong gold group king of chairman of the board, after purchase Lai Zhou Jin storehouse, the resource reserves of distant view of Shandong gold group company will increase the ton more than 100 , are equal to new synergism benefit 1800 million Yuan according to the present each g gold calculation of 180 Yuan.
Now, Shandong gold group and Chinese overseas group have completed handover smoothly, have established Shandong gold group Lai Zhou the gold group golden storehouse limited company of mining industry of the Shandong and limited company of mining industry, and have convened the first class of first meeting of board of directors, the first class of first meeting of supervision board as well as congress of workers and staffs and the meeting of the senior level of administrative staff respectively , have passed through company's regulations, delegating and electing have produced company's chairman of the board and vice-chairman of the board , and have invited the company's administrative staff of the senior level.
銆€銆€G Lu gold resource
Golden storehouse mining industry is one of present domestic biggest open-air gold mines, now, possess storehouse , hope son mountain and new upright, temple village in , level the 5 gold mines such as shop, produce per year gold 3 tons more. After when have purchased golden storehouse mining industry, Shandong gold group basic palm has controled all gold resources of gold reserves nation-wide first Lai Zhou.
According to plan, next, Shandong gold group uses synthesis , is existing to manage , talent and the advantages such as technology and fund, implement regional resource integration , is for the rich gold resource of exceptional entire Lai Zhou , carry out unified program, exploration and scale development, the scale and intensive operation that realizes resource develop.
At the beginning of when appear on the market , main camp gold mines and chooses Ye G of the affir of processing industry Lu gold operation main part is only located in Lai Zhou new city golden mine. The group company and stock company after relieves to avoid gold market possible arising same field competition, at that time, Shandong gold group has promised , after stock company appears on the market for one year, in one year half pass through the form for that stock company increases capital, the delicate golden mine of belonging to group company , 3 mountain island golden mines as well as the Shandong gold production of group flat degree gold limited company operation net asset, fold share to enter stock company.
Beginning of 2004, G Lu gold issues announcement, refuse to purchase the island golden mine of delicate golden mine and 3 mountains with not good service advantage , entrust to manage merely for leveling degree gold limited company. But in this duration, G Lu gold since big shareholder is on hand to have received large scale mining burnt domestic golden mine, and have purchased the stock right of the golden continent group 51% of mining industry. Two this purchases, make G Lu gold ore reserves reach 14.398 million tons, than appearing on the market , it is former to have increased 116%.
" the task of integration golden storehouse mining industry will fall down to G Lu the body of gold. " know the facts person reveals , on the one hand, G Lu the current major mine of gold is in Lai Zhou Jing , with the golden storehouse neighbor of mining industry having scale and the advantage of integration very much the value of development; On the other hand, relative to big shareholder, G similar to the golden storehouse main business of mining industry Lu gold strength is integrated and deploied again for these resources. Actually, is on the shareholder meeting that convenes in April , G Lu the high pipe of gold shows openly to reporter, while developing existing resource efficiently, company will still enlarge resource reserve through the forms such as purchase.
Country golden bond analyst Li Zhui Yang thinks that leaves from the angle that the group gold whole of main business appear on the market , the future Lai Zhou Jin the possibility that storehouse mining industry enters the company of stock is greater, once golden storehouse mining industry enters stock company, stock company's gold reserves will reach 200 tons more , increase one time than now more, produce per year minerals gold will reach 9 tons more, achievement lasts probably to increase fast.
Li Zhui Yang will GAround gold reserves 300 tons and the HK$ 40 billion of market value of purple golden now of mining industry and around the reserves 90 tons of Shandong gold now, market value is around 5000 million Yuan only, the continued increase that considers the Shandong gold gold reserves of coming years , from the unit reserves angle analysis of market value, G Lu the share price of gold had been underestimated , its reasonable market value should be more than 8000 million Yuan , reasonable price should be around 50 Yuan. In view of company stock price is far lower than reasonable price, country golden bond gives G Lu gold " buy to enter " grade.

( gold60.529Gold investment analyst qualification evaluation committee secretary general Liu Tao: " we say political layer surface the financial layer surface of, economic layer surface , investment layer surface, what petroleum , exchange rate , interest rate, global the stock market, it is influencing gold. But for a specific stage, what factor is a factor of the core of a stage. We do not divide it, this very unwieldy meeting of information content brings us into wrong way , because numerous message is conflicting, we do not know any is credible, any should give up , any we should go to pay attention. "

Liu Tao thinks that the factor that influences

Gold investment analyst qualification evaluation committee secretary general Liu Tao: " political factor is the most key factor that influences gold price. If the influence of this political factor to gold value begins to have shown , is economic, financial , the factor of investment, in for gold price , long-term influence does not exist basically. "

Liu Tao tells reporter , discovers easily if looking back a annual international golden price tendency from second half of the year until now, golden price each big fluctuation as have important incident correspondingly to occur , these incidents is concerning geopolitics factor. Especially arouse the change of golden price recently around metropolis and each news of Iranian problem. And from the past historical development of tens of years, gold price arises period of violent fluctuation , also has important political incident to occur.

Gold investment analyst1973 lays mines to pause before forest system disintegrates , gold price has no big research to worth , because it is fixed , do not have the violent fluctuation of price, receive control. After 1973, it has had some of important gold price violent fluctuations until 1980, whole is concerning the international geopolitics at that time. 1973 lays mines to pause forest system disintegrates , a 4th incident Middle-East that accompanies war. Again a Vietnam War also give America drag is one, entire country falls into tired out state. In 1978 until 1980, the gold price violent fluctuation of this stage is the Islamic revolution of Iran , is then then the Iran-Iraq war. "

The gold price in300 dollars, have only two times,

Gold investment analyst" in the time that does300 dollars, this is this

Liu Tao thinks that usually only under the geopolitics condition with relatively steady factor, the influences of factor to golden price such as economy and finance can just show obviously. And the condition of near future is exactly opposite, this is also just now somewhat investor, the messages such as the feeling change and economic atmosphere of exchange rate influence limited major reason for quotations.

And in field and the analysis way of Liu Tao, some gold analysts also have different view, somebody thinks that political factor is promoted merely from a certain specific period to take affect , influences economic atmosphere or the major factor of gold price.

The Beijing gold research center of economic growth researcher and Qin Wei Huan: " picture battles this is temporary factor , battle it can push golden price every time , after pushing , it still returns to original location, because this economy is basic, picture Iraqi war time, golden price highest go up arrive370, have not however started war yet its golden price has come down , its merely a promotion brings you to rush , rush but it does not be lived in that it keeps , to keep to lean what , rely on finance, it is just the foundation of entire market to rely on economy, American economic good time golden price comes down , American economy it begins to go downhill , its golden price goes up , this is that basic tendency is to will not change. "

( gold supply60.517GoldThe share of MarchA, gold production

銆€銆€In March 2006, whole country produces 16.795 tons of gold. Amount to 48.437 tons of completion. Compared with the same period of last year, gold output increases 4.649 tons , increases of 10.62% compared with the same period last year.

銆€銆€1-3 month of 2006 years, gold enterprise minerals gold( mine produces the golden + content gold of finished product) is completed into 33.764 tons , increases 2.19% than the same period of last year. In which producing gold each mainly province( district) minerals golden output takes the proportion of nation-wide minerals gold to part is: Shandong 28.91%, Henan 15.78%, Fujian 9.22%, Shaanxi 6.29%, Hunan 5.35%, the 4.35% of Inner Mongolia, Liaoning 4.26%, Gansu 3.70%, Hebei 2.96% and Hubei 2.56%; More each focal point produces golden province( district) the 83.38% that minerals golden output asks to take nation-wide minerals golden output , other province contract takes 16.62%.

銆€銆€In 2006, 1-3 smelts enterprise( nonferrous metal smelts enterprise + gold to smelt enterprise ) in month to amount to to complete the 24.636 tons of gold of finished product , increases 16.91% than the same period of last year.

Nonferrous metal9.03 tons increases 20.25% than the same period of last year. Each key nonferrous metal smelts enterprise gold output to take nation-wide nonferrous metal smelt the proportion of enterprise gold output to part is: Jiangxi copper field company's 34.61% and Yunnan copper field group company 25.47% and Hubei big Ye the company's 12.21% of nonferrous metal and the Anhui copper tomb company of nonferrous metal 10.82% and the Gansu golden river company of nonferrous metal 5.23%; Above key nonferrous metal smelts the 88.34% that enterprise gold output asks to take nation-wide nonferrous metal to smelt enterprise gold output , other nonferrous metal smelts enterprise contract to take 11.66%.

Gold smelts enterprise15.606 tons increases 14.92% than the same period of last year. Each key gold smelts enterprise gold output to take nation-wide gold smelt the proportion of enterprise gold output to part is: Shandong recruits golden group company's 43.97%( Shandong recruits golden group smeltery gold output for " in mine golden field stock company ", " recruit the golden stock company of mining industry " and " Shandong country big gold stock company " smeltery gold output the sum) , the Henan clever precious gold 14.88% of Joint Stock Limited Company, the Henan gold smeltery 9.81% of Central Plains and perseverance Bang smelt stock company's 7.16% and Lai Zhou gold smeltery 5.09%; Above key gold smelts the 80.91% that enterprise gold output asks to take nation-wide gold to smelt enterprise gold output , other gold smelts enterprise contract to take 19.09%.

2 and gold

銆€銆€In 1-3 month, nation-wide gold enterprise realizes the 9,485.6 million Yuan of gross value of industrial output( present price) , increases of 18.62% compared with the same period last year; Realize profit 1,096.3 million Yuan , increase of 43.25% compared with the same period last year.

( gold60.4213 big factors
Gold market divides into gold investment
One is that resource product includes gold, copper and petroleum, in recent years, rise is huge, these minerals resources are the limited resource on the earth , is taking gold as example, on world, gold consumption figure mines every year than gold to measure big 5%-10%. 2 is that a lot of fund organizations on world intervene gold market beginning from September of last year, from K line picture and fund, hold quantity analysis, golden price will still go continuously is high. Thirdly, a lot of countries change the practice of selling gold before and increase one after another, hold gold, American gold reserve reaches the tons more than 8000, and there are some Asian national U.S. dollar reserve quantity, the quantity of gold reserve is few, this also makes gold demand go up.

60.421International5 years

Before one week being600U.S. dollar the time5Trade Japan, international25U.S. dollar. Oncoming850U.S./The ceiling price in history2001Year.2001Year5Month1Day265.56U.S./Ounce arrives5In year, it is many35Year comes second wave quotations. Now comes to see that since the contradiction of supply and demand is hard to be solved temporarily, the prime cause of gold price rising will not change. Because of economic increase, every national metropolis appearance or many or few inflations. Plenty of funds gush to tradition is best to protect the value article gold of C C, through buying into gold, come to reach to protect the purpose of value. Speculative fund enter and garrison in large quantities to make this ship gold bull market slightest not Xun same year.

( gold60.418Without sufficient
The development that Fujian province gold industry
In the aspect of gold production, is in 2002 early , the gold output of Fujian province leaps the 6th position of house whole country , enter national focal point to produce the ranks of golden big province. Last year our country annual amount to to produce 224 tons of golds , the proportion that Fujian takes is next only to Shandong and Henan for 6.95%, rank 3th; In the aspect of gold enterprise operation, last year, nation-wide gold enterprise realizes profit 4000 million Yuan, Fujian takes 18.65% , is next only to Shandong province , holds second position.
However, Fujian can not be called as gold industrial strong province. From last year produce golden quantity to see , Fujian takes proportion it is very far to go with the Henan province of second position( 13.91%) with the Shandong province that is on the first place ( 25.18%); When enterprise goes through seek profits to moisten aspect , it is wide that Fujian compares with the Shandong province that is on the first place ( proportion is as high as 40%).
Reporter knows from Fujian province territory resource hall mine pipe place that it is 10 that the gold enterprise of Fujian probably has , but besides the Fujian purple golden group Joint Stock Limited Company of mining industry( following abbreviation" purple golden mining industry"), the scale of other enterprises is little. In Fujian produce golden quantity, the output of purple golden mining industry has taken 90% more , presents the embarrassed situation of " one only Xiu ".

Introduce according to Guo Guo Hua, the golden mine resource major distribution of Fujian when go up Hang , You Xi , safe Ning melt with virtue place. Whole province protects except going up the purple Jinshan golden mine gold of Hang county, have reserves to reach85.232 thousand kgs and virtue melt Qiu Cun Jin of county mine gold protects reserves are besides 2346 kgs, other mining gold protects reserves are lower than 1000 kgs , especially safe Ning what Baoshan golden mine gold protects reserves have 52 kgs only, can only maintain the production of 1 or 2 years. Resource scarcity will be the major crux that influences gold enterprise sustainable development , its restriction does not allow to underestimate.

In 2005, Fujian minerals gross value of industrial output is that the output value of the 100 million Yuans more than 80 and gold industries reaches the 100 million Yuans more than 10, it is only purple that the output value of a golden mining industry reaches the HK$ 100 millions more than 10. The minerals industry in Fujian in, the position of important gold industrial possession.
Now, in world scope, is upraising the upsurge of the new round of development of mining industry. In 2005, whole country produces 224 tons of golds, but market demand still has great development space in 400 tons of above, gold markets. According to relevant expert, the upsurge of forecast and this round of gold development will last to 2010.
Insider analyses , it has settled finally that since seeing for a long period, gold drops behind demand , this kind of contradiction of supply and demand is stressed more in China. The demand of gold divides into consumption demand and investment demand mainly, consumption demand includes industrial consumption and nongovernmental personal consumption, investment demand includes the demand of gold that over-the-counter trading and forward, futures etc. derive trade. According to analysis, as China as well as the continued steady increase of Chinese economy become world manufacturing center gradually, domestic gold consumption demand will last , is strong to increase , gold industry is faced with rare development opportunity.
But after China joins WTO, the challenge that Fujian gold industry is faced with is also subsequent. According to the WTO principle of market access, Chinese gold market necessity will get impact inevitably to international open, Fujian gold industry, it is been below that at the same time, Fujian most gold enterprise is very far, enterprise competitiveness apart with foreign enterprise in the aspect of scale, technology and fund.

60.41715 " duration,1008 tons takes to build , amount to since country to produce the 34% of golden 2950 tons , increase of 25% compared with the same period last year with "95", gold produces per year the 4th position of quantity house world. Gold profession realizes profit 12.6 billion Yuan , increases of 80% compared with the same period last year , makes the historical best level.

( gold price,60.4125 big reasons
Nearly having the expert in field who
It is weak
U.S. dollar tendency weak is gold the important reason of going to winner. Under current market general layout, world gold market price is marked the price to with U.S. dollar, so the very U.S. dollar winner weak for gold price will produce major influence.
" now looks , it is weak that U.S. dollar overall tendency tends to. " pottery trip ease analysis says , American economic structuralness loses weighing apparatus is that U.S. dollar tendency tends to weak important reason. He thinks , this kind of lose the financial deficit and deficit of foreign trade with huge amount that weighing apparatus embodies mainly in America, too much U.S. dollar provides the rising that has caused golden price.
2, the gap
Gold is scarce as providing have caused the wild whirlwind of golden price with the unceasing increase of demand. Zhang-Bing-Nan-Xiang reporter expresses that from the supply-demand relationship of gold, now, the supply gap of gold is greater, this is the one of reason that gold price rises constantly. He saysIt5Year since, gold2572Ton controls , countries529Ton controls , in784Around ton, add other aspects3752Ton controls.5Year in, world3979It is been every94Ton.
Pottery trip ease is considered , the emerging markets such as China and India are being in period " heavy industry melts " of high speed development , are vigorous for capital, gold and the other various demands of raw material, and supply is decreasing. Pottery trip ease analysis says that gold profession has a property, that is to mine a large scale golden mine needs7Annual time.1980Arrive850After many U.S.1999Annual1980The historical251U.S. dollar.20Year, profession as input
This some years the places such as Indonesia, South Africa and Australia gold output submits to worry Zhou downtrend. Because of field condition is more and more difficult, gold mine quantity increase is not remarkable , supply increase is slow.
3 and golden
Oil price and golden price may be a pair of partners that most shares comforts and hardships. Crude price has raised prices by 5 or 6 continuously for year , is identical with this, gold price also follows the section festival of oil price upward. Now, international crude price breaks through75U.S. dollar is closed , international
The rising of crude price brings huge inflation pressure to
4 ,Geopolitics
Now, as Iranian nuclear crisis aggravate , Middle-East region again begins to envelop the shadow of war. " the influence that receives American hegemony , geopolitics short period will not be seems stabilized too. " pottery trip ease analysis says , "9.11Incident " ample explanation,
In fact, is not steady except the political situation of Middle-East region, the other some major productions of crude oil region also has political risk. African, Caribbean region and Central Asian region even include the countries such as Russia, have certain political risk in. These regions are the production of crude oil with major world region, unstable political situation will naturally influence supply and the production of petroleum, this kind of risk has increased people for gold protect value demand.
5 and fund
" fund has risen very your work uses. " Zhang Bing Nan expression, golden price swift rising does not be unconcerned department with the speculation of fund , is just the intervention of fund, gold market just meeting picture now is so fiery. The demand of leaning the very market solely is impossible rise into now.
Chengdu Gao Sai Er the golden silver gold running department high-grade analyst poplar of limited company easy monarch also thinks , though, the demand of global gold market is vigorous, is but just fund over use for the basic surface of gold market, have just facilitated current gold market is extremely fiery.
As weThe ball trade scale of noble metal( UBS)Trade quantity40%.Its relevant responsible person now has not deniedETFIt will be the most direct
Short
" hold risk for a long time is not large,5%-6%Adjustment30-40The adjustment of U.S.2001-2003In year, gold is in70U.S.2005Rise130U.S. dollar and so bigDangerous factor is , fund can do many also may
Easy monarch thinks poplar, if investor buies memorial gold bar or gold coin , is nearly impossible to get good investment returns, because these memorial gold bars and the publishing premium ranges of gold coin are very high, counter-purchase price to again want to make a discount, price is low , has no what investment value. So, investor had better select investment gold bar and gold coin, because this is market price , has convenient trade, it is also convenient to profit.

( gold price,60.407March 30,2006, the international gold receipt/ /Demand is strong

Gold price arises strong tendency

It is first, demand strengthens. According to statistics of world gold association, until the fourth quarter of the year of 2005 years, global gold demand 6 already continuous quarterly increases, in 2004, the fourth quarter of the year begins , demand has maintained the increase of two numbers.

It is second , supplies decreasing. Data shows , the gold of 2005 years mine and between recovery quantity and demand the gap of have 459 tons, proportion is as high as 14%, since supply drops , the gap of supply and demand is greater.
3th and weak U.S. dollar create rising space for gold , have promoted to submit rising situation with the gold of U.S. dollar valuation. U.S. dollar and gold price submit negative barrier relation, U.S. dollar goes is low, golden price will inevitably rise.
4th is at a unchanged high level because of the crude price of international market , has increased the possibility of inflation. Action expands for rushing to know a kind of dangerous best tool, the demand of market for gold increases continuously.
5th and investment fund are also the important power sources that promotes gold price to rise. Data shows that gold price rises to historical Gao Wei Shi, fund holds storehouse quantity also near historical Gao Wei, fund increases in large quantities hold gold investment, pushing technically is high the price of gold.
Long term
In the future, gold still has further rising space. First, the demand of supply deficiency strong is the major reason that promotes golden price to rise continuously. From gold let plead Kuang come to see , gold price continuity when Gao Wei operation. Though present golden price is in in last 10 years high price go up, but gold market basic surface is still strong. In 2006, the tendency of supply decreasing is still being continued.
Secondly, in the future, petroleum price keeps probably continuously in Gao Wei, have supported gold price strongly. Crude price has been the focus in focus, crude price Gao Wei who has challenged the / barrel of 70 dollars , relative to gold, the rising of oil price is more strong, when crude price succession turns afterwards, the petroleum U.S. dollar of oil-producing country helps have risen the speculation of merchandise market, considerable part has shifted the investment article besides petroleum, gold had better be also the most important choice, this has offered inner power for the later rising of gold.
3th and U.S. dollar tendency will support gold price continuously. From the market analysis of foreign exchange, U.S. dollar is nearly impossible to worsen in a time for past 3 years come to tired tendency, the tendency of interval vibration will be still continued , so forms strong support for golden price tendency.
4th and investment demand are that golden price has offered good support. Is beginning from 2004 , investment fund beginning increases in large quantities hold gold on-hand stock and option market, the golden price announced according to GFMS and the relation of the exchange rate of foreign exchange, oil price, silver price as well as the fund money of New York of commodity exchange proportion comes to see , golden price and the commodity exchange of New York and the relation of fund money are most close, plenty of funds hold storehouse have supported strong tendency golden price. Zong go up state , gold price still has long term concussion to go to high potentiality. Beautiful forest fund expresses more that international gold price will rise in coming 5 years to the forecast of the / ounce of 725 dollars, gold kind of company's investment value is showing.
( gold60.32 thousandChina has found1254 tons, do not find out that golden mine resource quantity is more than 22 thousand tons , in 2005, China produces 224.05 tons of gold , increases of 5.5% compared with the same period last year , makes historical highest level, in 2006, China plans to produce 240 tons of golds.
According to the relevant comprehensive message method forecast result of amount forecast statistics and recent development, expert estimates , Chinese present golden mine does not find out that resource quantity is more than 22 thousand tons , silver mine does not find out that resource quantity is more than 250 thousand tons.
According to statistics, in 2005, China produces 224.05 tons of gold , makes historical highest level , increases 5.5% than 4 years. In the same year, Chinese gold profession realizes the total RMB of 39.5 billion Yuan of output value , increases 21.2% than 4 years , realizes profit 4036 million Yuan , increases 32.7% than 4 years. In 2006, China plans to produce 240 tons of golds.

( gold price)(World gold association far eastern general manager Zheng Liang Hao of 60.301 thousand of district director has reached his conclusion through analysing for the data of three gold rise issue in history: " 2006, gold bull market just begins. " vigorous demand support price goes to ox
" gold existence the gap of supply and demand, and this kind of gap of supply and demand will not disappear temporarily. " Zheng Liang Hao judgment. According to statistics and the gold production of mining industry of 2005 years, quantity has increased 1.4% , reaches 2495 tons, and the gold amount of consumption demand is nearly to produce the 2 times of quantity , is 4000 tons. In which, gold jewelry consumption takes the 70% of amount with 2800 tons of quantity , increases of 7% compared with the same period last year. Demand increase sharply have formed the huge contradiction of supply and demand with limited output, strong consumption demand supports present golden price to climb constantly the power of liter.
Now, gold consumption demand comes from two Asian large countries - - China mainly with India. Last century beginning of 90 decade, India has opened gold trade market, gold is the symbol of traditional wealth, it is plenty of by each stratum of India to purchase collection. In 2004, the gold consumption of India takes the 20% of global total consumption. In India, it is traditional to marry for seasonal October 8%11% November, gold consumption figure increases , usual when this time, global gold price metropolis goes up raise.
The forest of America is expressed in bond now , coming years, Chinese gold market open further will bring the consumption demand of more vigorous gold jewelry. Now, the Chinese gold consumer amount of one year takes the 5% of whole world probably, but in past 3 years, in gold consumer year, growth rate exceeds 11%. Especially on festivals, the purchasing power of China for gold jewelry decorations article not inferior in India. Even foresee high greatly that in near future, China will replace India to become the first large gold consumer country of world , " the present gold consumer 1/10 of average per capita of China that still does not go to America , " Gao Er Sai in company's general manager week Ang say for reporter.
Except Sino-Indian two countries, the gold demand of Middle-East region the Arab States also increases continuously. The jeweler of a Saudi Arabia expresses that the development of Middle-East region tourist industry will promote the gold demand of 2006 years. " the consumer of Middle-East country has accepted the rising of gold price, and is willing to purchase on any price. "
Gold investment
However, international Macquarie of research organization thinks that the gold market of material object is a support factor , but is impossible to take leading role for gold price change, investment demand is just the major motive force of price rising. Start from former two years - -, especially "9.11" the following global fund investment gold upsurge adds fuel to the flames more, become golden price to last " go to ox " the powerful guarantee of 56 years.
" the current investment value of gold self
The gold price in backtrack history rise and fall , mostly and the world change and U.S. dollar of general layout is strong to be closely related. Generally speaking, gold price tendency and U.S. dollar price tendency are opposite, U.S. dollar liter gold falls , U.S. dollar falls gold rise.
Enter 2005, gold price change arises new tendency. Because of demand and investment heat up continuously, cause golden price to begin "unhook" with U.S. dollar tendency. Beginning from the third quarter of the year of 2005 years, America unites to store up to pass, add breath continuously to maintain the strong tendency position of U.S. dollar , but no matter U.S. dollar devalues , or appreciating , gold tendency is not weak, since the beginning of history having arisen gold tendency and U.S. dollar tendency "unhook" for the first time the gold and quotations that goes in wrong direction become global investment fund immediately to avoid the "a magic weapon" of risk.
Certainly, usually, gold price can get the influence of various factor comprehensive role eventually , and arises the stage rising of different degree or is declining , but the big tendency of bull rising will not change therefore.
Reviewing the various factors that influence golden price , for example output, limited, consumer increase, U.S. dollar devaluation and energy are tense , the geopolitics as well as adjustment of exchange rate, in which, the Middle-East region continued instability of political situation is one of important factor. International crude price run high continuously the little falling of the third quarter of the year of 2005 yearsLeting the oil businesses of Middle-East not to be willing to look at helplessly to just gain the U.S. dollar gotten devalue considerably , so invest in gold one after another, ensure asset preserve and increase the value. The third quarter of the year of 2005 years, gold investment demand same reach 50% than increasing rate more; 2005 ago, the 3 quarterly investment demands of gold increase 61.6% than former one year.

(Gold)60.208It is big to produce2005In year, quantity1.4%, reach2495Ton. Major reason13%-14%.

Gold demand2005In year, world4000Ton

. In which,2800 tons, take than 70%.Http: / /resource.stockstar.com/info2006/darticle.asp? Id=SS, 20.060125 million, 30326773%26ColumnID=1927
銆€銆€The demand of: We think that beginning from 2005, the gold demand of material object enters new round of rising period. The gold jewelry consumption figure of India, Middle-East and China takes half of whole world more. Now, Indian economy is being in the stage of taking off, in coming years, wealth and the income of resident accumulate meeting to increase quickly; The major oil-producing country of Middle-East region has gotten in this ship rising of oil price to roll financial resources. These countries have for gold very winner is good, so once the wealth of resident increases , can surely increase the purchase of gold decorations article in large quantities to measure , so stimulates the increase of the global gold consumption of material object.
Investment valueU.S. dollar goes for a long time is
Countries government center trip increases
Fund investsNear future organization still when increase constantly hold gold. With streetTRACK S Gold Shares as example, the biggest gold on this world trades on the market fund( ETF) holds gold in near future to measure from 263.21 tons raising goes to 282.1 tons, even the gold in the base of last year price returns tune considerably, also when increase constantly hold gold. Evidently its investment is Yi when is long term.
Investment
Provide analysis - produces
The estimated South African
South Africa is export country and the biggest gold production on world. In recent years, South African gold output arises downtrend. Since South African currency orchid appreciates specially constantly for U.S. dollar, in 2002, the gold production cost of South Africa rises rapidly to each ounce of 395 dollars, each golden mine company has to reduce production to meet the pressure that causes for orchid special appreciation. Additionally, water, steel, fuel and explosive price rising also cause great pressure to the gold production of South Africa. It is expected that in 2005, South African gold output is around 300 tons , same around decrease 13.3%.
In 2005, global minerals
According to statistics and the gold
Burgeoning produce
According to the forecast of Malian minerals and energy department, 2005, will increase considerably with the 2006 Malian gold outputs of two years , become the 3th of Africa to produce golden country , is next only to South Africa and Ghana. It is expected that in 2005, Malian gold output is 53 tons , increases 17.8% than last year; In 2006, Malian gold output is estimated to reach 62 tons , increases 17% than the output of 2005 years. Though increasing speed, it is more rapid, but since base number is lower, so, the contribution for global output is more limited.

Demand is analysed
In 2005, world gold quantity of total demand
In 2005, gold jewelry
World gold jewelry consumption figure reaches 3209 tons of peak values in 2000. In 2005, gold jewelry consumption figure is around 2800 tons ,( 2004 is 2618 tons) increase of 7% compared with the same period last year around. The consumer tendency of figure below is compared obviously, gold jewelry consumption figure comes back to life beginning from 2004.
The demand of
We think that beginning from 2005,The gold jewelry consumptionNow, Indian economy is being in the stage of taking off, in coming years, wealth and the income of resident accumulate meeting to increase quickly; The major oil-producing country of Middle-East region has gotten in this ship rising of oil price to roll financial resources. These countries have for gold very winner is good, so once the wealth of resident increases , can surely increase the purchase of gold decorations article in large quantities to measure , so stimulates the increase of the global gold consumption of material object.
Chinese consumption takes , is larger than little but increase potentiality. The gold consumption figure of our country takes the 5% of global amount around. Gold consumption ranks the 4th position of world. The Chinese gold consumption figure of average per capita is now the 1/10 of America. As the national economy of our country lasts to increase fast, resident may control income to rise constantly, gold jewelry consumption can also maintain the above growth momentum of 10%.
銆€銆€Demand is analysed
Beginning from the third quarter of the year of 2005 years, gold investment demand increases vigorously. The third quarter of the year of 2005 years, gold investment demand same reach 50% than increasing rate more; 2005 ago, 3 is quarterly, gold investment demand increases 61.6% than 2004. We think the gold demand of material object for gold price forms support, investing in demand just is golden price the most major driving force.
Drive oneU.S. dollarWill still exist for a long time because of financial deficit and the trade deficit of American a huge sum, America of past two years add breath period will also accuse a fall. It is soft that this will cause U.S. dollar to go , U.S. dollar is declining necessity causes golden price rising.
We should also see that gold and U.S. dollar price change arise new tendency. Begin from second half of the year of 2005 years, rise regardless of U.S. dollar to fall , gold price will not influence land all the way go up. So therefore, have catered to investor more to avoid the psychology of risk.
Drive theFor the worry, making gold become haven gold is inflation
Direct reason is since when currency publication excessive, this kind of currency confidence of people for government publication is damaged , and then the golden price that causes this currency to show runs upward. 1994 Mexico than rope crisis in, asset holds the Mexican investor golden price of gold asset rise in 3 months 107%.
The Southeast Asian financial crisis
Drive the 3 of factor: With petroleumGold and petroleum price have a more steady. If according to the current calculation of oil

Demand is analysed
September 1999, the 15 country center trips of European Union restrict to sell gold reserve the agreement that reaches. Promise when do not next year annual within Gu make gold 400 tons, for 5 years, total to sell 2000 tons of golds. Soon afterwards, the Western European countries begin to sell massively, it is recently low to cause golden price to achieve
It is changed that after 2004, countries center is all right to sell the general layout of gold and has gotten. U.S. dollar devaluation is God since. Countries center trip is more and more emphasized for the profit of foreign exchange reserve.
For instance, Russian center trip when the base of last year has established to increase hold gold plan, will gold in foreign exchange reserve proportion increases one time. Russian foreign exchange reserve is around 165 billion dollars , is calculated , according to market value if increasing one time: The 916.3 tons of /=of 16.5 billion dollars of 560 dollars, it is 528.8 tons to purchase gold quantity recently. Certainly, this has not considered golden price rising factor, reality buies gold to measure should be smaller than this quantity, estimate around 300-400 ton.
銆€銆€There are still Asian partial. Because of Asian country such as Chinese, Japanese, Indian and Middle-East region etc.s, universal U.S. dollar reserve proportion is big, and the proportion of gold reserve is little. For instance only, 2% controls Chinese gold reserve. If appropriateness increases , holds , will cause golden price rise considerably.
DemandFund makes investment
Abroad large scale investment fund values gold market very much. For instance beautiful forest company's flag next world mining trust fund scale 419 million Pound, this firm thinks that Chinese gold demand has big potentiality. Recently, global oldest gold manufacturer Ang shelf Lu gold company's plan partial abandonments it as rush the behavior of golden price, arouse market to pay attention to. This when some degree the previous generation has shown the view of the most of golden mines, the rising of golden price will be continued to count year. ( note: In the aspect of gold supply only minerals golden supply and center are all right to sell golden, regenerative golden, net investment , still have a important recessiveness to decide factor , is golden mine enterprise sell for rushing. )
Abandonment as rush the direct influence of golden price has decreased is certain and momentary to carve the quantity of short sales of gold, so, helping have risen gold bull market. Usually, golden mine enterprise can go on , worth to rushing to protect, because what enterprise pursues is the steady industrial profit brought by golden price rising.Abroad, large scale golden mine is often all right with countries center to be closely related , their therefore current decreasing as rush behavior will represent center to be all right is for the long-term judgment of golden price , this is not the behavior of short period.
Near future organization still when increase constantly hold gold. With streetTRACK S Gold Shares as example, the biggest gold on this world trades on the market fund( ETF) holds gold in near future to measure from 263.21 tons raising goes to 282.1 tons, even the gold in the base of last year price returns tune considerably, also when increase constantly hold gold. Evidently its investment is Yi when is long term.
As we have learned, domestic a fund scale is as high as 5000 million Yuan is taking gold as investment the gold of object personal raise fund company will prepare to construct in near future. Major investment direction is , the gold stock of stock company, the product of gold coin, standard gold bar and the paper gold in domestic gold market. Domestic fund will also share the profit of golden price rising.
( professionInvest inThe gold profession
The two gold enterprises of our country step into world 15 winner 2005 China gold group company and Shandong recruit golden company's difference to list the global gold manufacturer output " gold yearbook" of world authority 13th ranking position and 15th position, this is the Chinese gold enterprise historical best precedence.
"Walk out of "
Chinese gold enterprise uses overseas resource actively. In the golden group company's and Kazakhstan Ha-Sa-Ha-Er company's development of agreement gold project; Chinese gold profession first external development project - Shandong gold group Venezuelan project make mine.
銆€銆€Pace accelerates
Pass through alliance , take over , the ways such as asset reshuffle, the gold mining enterprise of our country has accelerated resource obviously to occupy pace. May, Shandong gold group formal completion for milk the purchase of mountain golden continent group stock right; In June, Chinese gold group is overall to take over Guizhou gold group.

The clever preciousInformation Quotations Forum) the share of 4.9% H, additionally, fund Genus Dynamic also scolds capital 6000 thousand dollars to buy a share , buy a share 5.4 - 7.1% H share. Clever precious gold chairman of the board allows wise person to express that this firm has no specifically cooperative plan with purple golden mining industry.

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