Yesterday, the Chinese Government has revised its economic growth of 8.0%, with Wen Jiabo, the Chinese Premier, citing inflationary pressure and the concerns of global growth as the reason for the downward revision of forecasts of 7.5% in 2012. According to Wen, the Government intends to reduce its dependence on capital foreign and external spending and increase its efforts to increase consumer demand. With a decline of the Aussie Kiwi Dollars, gold fell below $1700 an ounce. On OpenBook, a sense of gold investors is strongly upward. A number of traders of gold of OpenBook caught flat by the news of China.One of those who won was OpenBook trader greggson5; This Trader had a return of 4.4% on an allocation of 77.7% of gold, in the six months, but several long positions opened just before the dip of gold are now in red and the 1735.00 target. But as the trader on his wall, are not all commerce will be a winner, and he appreciated these copiers that stick by him even.
Get the most from the drop in prices was OpenBook guru pipsfx, which identified an opportunity and bought gold that he dived to 1698.15 and later closed to 1703.85 19% return. Two positions of long open later are now in territory negative but only need a small gathering to make a profit. Javiviveloz guru of gold was at the top of the situation, closing four short positions, as fall began, ultimately capture average 8% return. This Guru has since added to its existing long positions expected that uptrend will resume.
As analysts stressed repeatedly and repeatedly, not only are the underlying fundamental principles that support the price of gold still in play, but the recent drop in price $100 a physical gold even more attractive to speculators. And despite the news of China yesterday, the country is still on track to become the largest purchaser of the world by the end of the year.
Get the most from the drop in prices was OpenBook guru pipsfx, which identified an opportunity and bought gold that he dived to 1698.15 and later closed to 1703.85 19% return. Two positions of long open later are now in territory negative but only need a small gathering to make a profit. Javiviveloz guru of gold was at the top of the situation, closing four short positions, as fall began, ultimately capture average 8% return. This Guru has since added to its existing long positions expected that uptrend will resume.
As analysts stressed repeatedly and repeatedly, not only are the underlying fundamental principles that support the price of gold still in play, but the recent drop in price $100 a physical gold even more attractive to speculators. And despite the news of China yesterday, the country is still on track to become the largest purchaser of the world by the end of the year.
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