At the behest of the Federal Reserve, Wall Street predators raised their butcher knives to short gold. After a year of brewing, the Wall Street predators finally took short positions in gold. Gold plummeted and the world was in an uproar. Unexpectedly, a group of "Chinese aunts" were killed halfway, and 300 tons of gold were swept away in an instant, which shocked the whole Wall Street. The aunts accepted all the gold sold on Wall Street. In the short-selling war, Goldman Sachs, one of the top 500 companies in the world, took the lead in surrendering. A golden war between "financial crocodile" and "Chinese aunt" won completely.
This makes some investors worry that it will lead more people to buy gold irrationally. Chen Sijin, a senior consultant of Royal Bank of Canada and an academic consultant of CCTV Wall Street, said in an interview that it is a joke to confuse the rebound of international gold prices with gold grabbing. The gold content of gold jewelry stores is not an order of magnitude with the whole gold market, and "Chinese aunt" can't shake the whole gold market at all.
"Have you bought gold recently?" This may be the new greeting of China people on May Day in 20 13.
Although Tan Yaling, president of China Foreign Exchange Investment Research Institute, disagreed with the view that gold has entered a bear market, she also questioned the view that China snapped up gold to reverse the price of gold. She said that when foreign investors see this phenomenon in China, they will follow suit and use this state and situation to suppress gold.
20 13 in April, the international gold market staged a "thrilling" scene, and the international gold price experienced a shocking plunge in mid-April, with the lowest price falling to $65,438 +032 1. Then there was a big rebound period from 26th (2065438+ closed at 1467.4 USD/oz, April 29th, 2003). Regarding the trend of gold in the international market in May, various opinions are diametrically opposite, and the gold market outlook is still gloomy.
After the weakness of gold, the monthly sales of gold coins in the American mint set a new record. The latest data shows that 196500 ounces of gold coins were sold in April of 20 13, while 20000 ounces were sold in the same period of 20 12, almost 0/0 times of/kloc-0, and one tenth of the gold coins were temporarily out of stock. Analysts said that the demand for physical gold in Asia is one of the main reasons to boost the price of gold. In addition to the China-Hong Kong gold cabinets frequently swept by mainland residents, physical gold in various cities in China sells well.
20 13 During the May Day holiday, a blockbuster "Golden Flower in the City" was staged. Housewives in China, mainly aunts and grandmothers, buy gold crazily, resulting in the gold counters in many city shopping malls being "swept away". Not only that, some people go to China and Taiwan Province to buy gold crazily. "Wall Street analysts can't beat Chinese aunts" has become a hot topic. The New York Mercantile Exchange (JPM) accounted for 99.3% of the spot gold sales in the past three months. This means that from February 1 to April 25th, JPMorgan Chase has sold 1966 moz (1 gold futures contract representative 100 moz) of gold. In fact, the gold content of gold jewelry stores is not in an order of magnitude with the whole gold market; The amount of gold bought by "Chinese aunts" cannot fundamentally shake the whole gold market.
Some investors say that "Chinese aunts hit Wall Street", which is the same as the Boxer Rebellion shouting "invulnerability" at Xiangyang. This is not war, but pure death! Of course, some people think that Chinese aunts don't look at futures, but only look at "Is it worth it?" In the face of the plunge in gold prices, Chinese aunts are "courageous" and not afraid of "bears".
Chinese aunts are all ordinary people. They snapped up physical gold. Of course, they also have the traditional concept of "saving money to hide silver", but they mainly hope to preserve the value of wealth and avoid inflation. In fact, the "gold rush" reflects the lack of private investment and financial management channels in China. The aunts changed their banknotes into "yellow goods", which also highlighted the hidden worry of boosting domestic consumption.
If you have money, you can't vote or dare to vote, which is a problem worthy of attention; On the other hand, being afraid to spend money is also a problem. 1, 2065438 The purchasing managers' index (PMI) of China's manufacturing industry released in May was 50.6% in April, down 0.3 percentage points from the previous month, and fell again after a short rebound in March. On the one hand, this trend shows that the foundation of current economic stabilization has not been consolidated, on the other hand, it also highlights the lack of economic growth momentum, especially the lack of boosting domestic demand and consumption.
In the second quarter, the performance was weak, industrial activities shrank, and the manufacturing index was lower than market expectations. Without good measures to boost the economy, the trend of economic cooling may continue. If we want to expand domestic demand and promote consumption, we should consider how to bring back those consumption that could have stayed at home from overseas.
Chinese aunts joining the gold rush is actually a disguised form of saving money. It seems that to truly release domestic demand, we must adhere to social fairness and justice, effectively increase the income of urban and rural residents, narrow the income gap, and do a good job in health protection for the elderly. The report of the 18th National Congress of the Communist Party of China clearly put forward "two synchronizations", "two improvements" and "one multiplication". The implementation of these quantitative indicators should be able to make the general public feel it. Chinese aunts have confidence in the future and the "Chinese dream". Do we still have concerns about boosting domestic demand?
According to the latest report released by the World Gold Council, driven by the China and Indian markets, global gold consumption demand rose by 53% in the second quarter of 20 13, reaching the highest level in five years, among which the demand for gold bars and coins in China market surged 157% year-on-year. For gold sellers, aunt is the absolute gold owner. "Chinese aunt is definitely the protagonist in the gold rush. They haven't seen the price of gold so low for a long time. For them, this is a great attraction. Although aunts are invincible in the gold market, they are not the protagonists in the global gold trading market, and they also lack the basic evidence that aunts can shake the price of gold. After the aunt went to the world, more foreigners began to discuss this special group. At present, some foreign media have written that dama has squeezed into an orderly financial vocabulary team dominated by English, which is a bit ridiculous. " The group labeled as "aunt" is generally like this: enthusiastic but impulsive, energetic but often blindly obedient, good at calculating interests but lacking in ability. Everything implies that Dama is by no means the last person in the business world to laugh. "In fact, these foreigners don't understand that dama has no intention of competing with Wall Street elites. What supports aunt's unremitting pursuit of gold is not all the temptation of appreciation, but mainly the lack of security.
According to statistics, last year, the gold buying craze of Chinese aunts caused a sensation all over the world, pushing the consumption demand of gold in China to increase by 32%, reaching 1065.8 tons (including jewelry, gold bars, coins and other castings), a record high. China has become the most important physical gold market in the world.