菊池雄星 ピンチで聖澤諒を空振り三振に抑える

Gold ETFs Regain $1,600 Before Jobs Report

Precious metals ETFs surged last week after European policymakers made an apparent breakthrough on crisis measures. Gold rallied nearly 3% and silver surged over 4% on Friday after a breakthrough agreement between Eurozone leaders to allow the direct funding of banking sector bailouts and to remove European governments preferred status on repayment of Spanish bank debt. Gold prices were lower Monday to trade under $1,600 an ounce. [Gold ETF Sees Quarterly Outflow] Germany appears to be finally bowing to concerted pressure to ease the conditions under which help will be provided to troubled Eurozone nations and their ailing banking systems. Eurozone leaders have agreed to allow the EFSF/ESM to directly recapitalize troubled banks once a single supervisory institution is formed. The seniority of Eurozone government claims on Spanish bank loans has also been relinquished, reducing private investors’ disincentives to buying Spanish government bonds. However, few details on the timing and the mechanics for providing bank and sovereign debt funding were provided. Therefore, while the buoyant market mood may persist in the near-term, follow-through on implementation will be critical for positive momentum to be maintained. Central bank buying Gold buying by emerging market central banks remained strong in May. Russia led the way, with its central bank accumulating another 15.5 metric tons in May bringing its reserves past the 900 tonne level. The central banks of Turkey, the Ukraine and Kasakhstan also purchased bullion, adding 5.7 tonnes, 2.1 tonnes and 1.8 tonnes respectively. Central banks have been strong net buyers of gold over the past year, with their net purchases averaging up to 20% of total annual gold supply. The week ahead The key theme this week will likely be further easing by central banks, with the ECB expected to cut rates by at least 25 basis points at its Thursday meeting and the BOE expected to announce an increase to its asset purchasing program on the same day. But perhaps the most important event during the week is the release of US nonfarm payrolls on Friday. Ben Bernanke has indicated that average monthly increases of 150K are necessary for the Fed’s 8-8.2% unemployment target to be met. After two consecutive months of sub-100K numbers, another weak number would increase the odds of another round of Quantitative Easing later this year. This would likely be bullish gold and other precious metals.

EU summit agreements to promote international oil prices jumped 9 percent

Xinhua News Agency, New York, 629, Ta Kung Pao (reporter Qiao Jihong) summit of EU leaders to resolve the debt crisis reached a groundbreaking agreement, which greatly boosted market confidence in international oil prices soared on the 29th, the New York oil prices soared more than 9%. after two days of talks, EU leaders reach a final decision, the member banks agreed to directly inject capital into a debt crisis, the euro zone permanent relief fund, and allow the use of temporary relief fund to buy Italy and the national debt of Spain and other countries, without additional new austerity or demands for reform to help those heavily indebted poor countries to reduce financing costs. Achieved a major breakthrough in long-term response measures, agreed to establish a unified system of banking supervision. market analysts believe that, to allow relief fund to directly inject capital into the banking sector and the purchase of government bonds will effectively break the “vicious cycle” of sovereign debt and banking crisis, and therefore has a very significant stabilizing effect on the market. In addition, very low expectations for the summit before the market had not expected to reach any agreement, So the summit result that the market is very pleasantly surprised to boost the role of natural But some analysts believe that this boost may be very short. at the same time, the euro against the dollar on that day rose about 2 percent, the best performance for the last eight since. The weak dollar boosting the oil price rally. Other analysts pointed out that the day of the surge in oil prices also showed that the market fears on Iran once again intensified. Recently, Iranian officials have repeatedly made the Strait of Hormuz, its radical rhetoric, and several times threatened to block the Strait. Strait of Hormuz in the Middle East offshore oil hub, once blocked, will greatly affect the global oil supply. In addition, the European Union on Iran’s oil export ban will take effect in 71 days, then will also lead to a substantial reduction in oil supply. to the close of the day of light sweet crude for delivery in the New York Mercantile Exchange rose $ 7.27 to close at $ 84.96 a barrel, or 9.36 percent, a single day since 20112 gains. 8 for delivery in the North Sea Brent crude rose $ 6.44 to close at $ 97.80 a barrel, or 7.05 percent.