The recent weakness, the stock market fell across the board, futures markets fell across the board, the U.S. dollar index rose, with the exception of gold rose against the U.S. dollar, from Sept. 11 low of 737 U.S. dollars a callback / oz bounce back to the author's writing 910 U.S. dollars / Ounce line. These market signals suggesting that the international financial crisis entered its third phase. Since the current round of the largest since the 1929 financial crisis, the development will be in three stages. At every stage of the market mainly as follows: The first stage of the financial derivatives crisis to the real estate sub-mortgage-related securities and derivatives marked by the collapse of many financial institutions affected by heavy losses and even closing down. In the second stage, the crisis in U.S. dollar assets, as a result of the financial derivatives bubble burst severe contraction of the dollar liquidity, with the result that is very short of dollars and lead to a variety of U.S. asset prices decline, the main feature of the stock market crash and economic entities affected , Bulk commodities from cattle to bear. The third stage, the U.S. interpretation of the crisis as mobility of the world liquidity crisis, that is, the evolution of the crisis by the dollar notes for the full credit crisis. The main feature of all countries to cut interest rates to increase liquidity in order to resolve the excess liquidity as a result of the financial crisis, that is, inflation in the rising interest rate cuts, the deeper notes of "negative interest rate" of. The main features of the market is thriving gold, from a variety of commodity goods attributes of the "gravity" of credit from a variety of currencies, "gravity", up on its own ... ... at this stage to the development of the latter part of the price of gold May be surprising rise to the point. And then to enter the gold at the core of the new global monetary and financial systems in the reconstruction phase. If a single gold in perspective, the evolution of the financial crisis brewing there are three stages: first gold of the dollar, "Prisoner", that is, a strong U.S. pressure to gold, gold from the constraints of the U.S. recklessly squandered the financial derivatives innovation and prosperity extremely crazy Gold prices suffered depression; Second, monetary hegemony of gold to act as "referee", that is, the euro began to challenge U.S. dollars, a two-referee need for hegemony, it is only gold, the price of gold began to rise at the same time, the U.S. dollar debt Set off such a crisis is to expand; the third phase, gold, "The Return of the King" stage, the U.S. dollar, the euro will suffer, are not constrained gold, gold has become the last refuge of the financial crisis, gold prices rose at an alarming rate ... ... Personally believe that it is now the financial crisis in depth to the development of the third stage of the year, gold is the third phase of the beginning of the Return of the King. The Return of the King in gold on the way, the head of the notes will attempt to jointly crack down on a gold, gold is likely to be playing a more miserable. However, they will find the gold down, and even at one time did not rule out the possibility of closure of the gold market, and their notes will be more like a broken kite line, the ratio is the relationship between disorder. When they lost the gold in the light of the value of a unified, national currencies will inevitably steal private and India, will be competing for depreciation of the others passed on the crisis, it would be more of the international financial turmoil. At that time, they had no choice but to actively or passively out of gold to clean up the mess, a long-term perspective * Gold raised a call to re-unite the world's commercial and economic value, and then build a new system. That point in time, gold is the "currency sovereign" re-coronation day.
0 Comments:
Post a Comment