Deutsche Bank why gold is worth $1700 an ounce-beself

Deutsche Bank: why gold worth $1700 ounce Sina exposure platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy a fund pit? Click [I want to complain], Sina help you expose them! FX168 financial newspaper (Hongkong) hearing speech on Friday, Fed chairman Yellen after the interest rate calls for gold under pressure. Bearish gold began to increase the number of institutions, but Deutsche Bank commodity team in a report released on Monday (August 28th), once again strengthen their view that gold is worth $1700 ounces. Analysts Michael Hsueh and Grant Sporre believes that since 2005, the world’s four major central banks – the United States, China, Japan and the European Central Bank’s balance sheet has been expanded by a factor of 3. If the value of gold to match the expansion of these major central banks, and the value of gold stocks, gold should reach $1700 ounce. This is based on the following. First of all, the price of gold is very sensitive to the expansion of the balance sheet; secondly, if the price of gold in a certain period of time, the trend will be reversed. In the past 10 years, there has been a correlation between the two trend and the balance sheet of the central bank. For the first time during the financial crisis, despite the expansion of the Fed’s assets, but the sale of gold to supplement liquidity. The second time was in April 2013, gold fell for two consecutive days, as the Fed hinted to quit QE. Cyprus bank to sell gold to repay debt. In the New York gold market, there are more than 400 tons of gold for sale, sparked panic selling. Is the history of our conclusions, as long as the central bank’s balance sheet continues to expand, gold will maintain the momentum to rise. Proofreading: Sherlock into the Sina financial stocks] discussion相关的主题文章: