Daily Report 090415 2015-04-09
Gold

Main contract of domestic gold AU 1506 fluctuated and dropped in the night session. The moving averages indicate the gold will begin to choose its trend afterwards. In terms of operations, the gold may rally in short term, but there is still strong pressure. Sound investors are recommended to focus on the operational opportunities after the region between RMB 240 and RMB 245 is broken through. The Fed meeting minutes of March indicates that most of the Fed members support the rate hike. It is believed that the employment data and inflation data is temporarily weak. Considering the other economic data is mixed, the Fed is still not certain whether or not to increase rate in June. The US dollar index is rather strong and it is likely to break though ﹩ 98. The overnight gold ETF remains flat after dropping 4.18 tons in two straight days, indicating the funds are not holding an optimistic view of the gold.


Silver

Main contract of domestic silver AG 1506 dropped following the trend of gold. The moving averages indicate the silver will begin to choose its trend afterwards. In terms of operations, Sound investors are recommended to focus on the operational opportunities after this region between RMB 3620 and RMB 3560.is broken through. Short positions could be opened if the silver drops below 20-day moving average at RMB 3560, with stop-profit set at RMB 3450 and stop-loss set at 3580.


Stock Index

The stock index fluctuated during the intraday trading yesterday. The Shanghai stock market rose above 4,000 and then dropped. It is believed the current bull market will continue. Recently, many important economic data will be released. The funds may then tend to leave the market to avoid potential risk. The decrease of GDP seems inevitable. Due to the expectation of positive policies, the stock market is barely likely to plunge. On the whole, investors are recommended to buy stocks when the price is low during this bull market.
                                                                                       Dong LV (Investment Certificate NO. TZ008452)