王sir講金價 16-5-2012

一分鐘前瞻

現位可以買少少,一日未上反1604,都唔好大手入貨....

國際財經視野 23

首季多個基金增持黃金ETF

國際金價繼續回落，現貨金跌至今年低位。而在首季，即金價顯著急挫前，多個基金都增持，黃金交易所買賣基金，即黃金ETF。
呈交予美國證交會的文件顯示，著名投資者索羅斯旗下的基金，大手增持黃金ETF的持倉，由去年第四季的約8.5萬股，增加至近32萬股，增幅2.7倍，另外，債券大王格羅斯旗下的基金，德州教師退休基金等，亦在第一季增持黃金ETF。

有「賺錢之神」之稱的約翰保爾森旗下的基金，第一季再沒有減持黃金ETF，相關的持倉維持在1730萬股。

現貨金於首季升逾百分之6，不過第二季至今，累計跌近百分之8。

索羅斯一季度增持黃金 減持蘋果買入摩通

全景網5月16日訊週二提交的監管資料顯示，一季度知名投資人索羅斯旗下基金大幅增持黃金ETF，減持蘋果公司股份，買入投資銀行股份。

資料顯示，截至3月31日，索羅斯旗下基金所持蘋果股份從9.5萬股減少至4萬股，買入60.6萬股摩根大通以及12萬股高盛，截至3月底價值分別約2800萬美元和1490萬美元。

一季度索羅斯所持全球最大黃金基金SPDR黃金ETF從4.8萬份增加至31.96萬份，目前價值約5180萬美元。（全景網/何碧玉）

Silver in Medicine: Support for the Market?

白銀用在醫療上,已有一定成果,但只限於外部或附加器材上用途,

美國FDA亦警告服用白銀會出現問題(銀中毒).大家請留意,詳細請參考以下網址:
http://www.fda.gov/


http://silverinvestingnews.com/

Why silverware? Why didn’t people choose to eat and drink from palladium, ivory, or other materials? Of course many people did. Throughout history people have used gold, clay, wood, and a wide range of other items at mealtime. For many of those who chose silver, however, it was more than just a fad or a symbol of financial standing. Ancient civilizations reportedly used silver because they recognized a connection between the metal and their health. Today, people are also finding silver to be increasingly useful in health-related applications. But will these uses have a material effect on the silver market?

For thousands of years, individuals have used silver at the table, on the battlefield, and in healthcare. The metal has been relied upon to prevent and treat infections, to treat wounds, to prevent food spoilage, and to prevent water contamination. Since long ago, the metal has been credited as having antimicrobial, antibacterial, and antiseptic properties.

Medical uses of silver and preventative applications

Many readers have probably received a silver treatment at least once, as silver nitrate is commonly placed in the eyes of newborns to prevent infections that could cause blindness. Silver has also been widely used in dentistry to fabricate fillings.

Today, the uses of silver for its healing and preventative properties are growing.

For example, it was only in 2007 that the US Food and Drug Administration approved the marketing of silver-coated breathing tubes. Prior to this approval, according to the Centers for Disease Control and Prevention, every year, 15 percent of patients on ventilators contracted ventilator-associated pneumonia. For tens of thousands of people these infections proved fatal. Including silver in the fabrication of these endotracheal breathing tubes reduces this risk and has likely saved many lives.

Silver is also used in much the same way for catheters and other medical implantation devices. The metal is used to coat surgical instruments and emergency ward equipment to prevent and reduce the transmission of infections.

Wound creams, gels, and powders are made with silver, and the metal is fabricated into wound dressings because it is considered toxic to germs and can prevent the invasion and livelihood of bacteria and yeast. Silver has also been found to reduce the adhesion of dressings to wounds and thus improves the comfort of burn victims.

A recent edition of Silver News spotlights the Trinity Bed Protection System. The covering system is supposed to provide an effective and impermeable barrier between patients and the surfaces they lie on, such as mattresses and stretchers. A notable benefit of this bedding is that it is supposed to retain its antimicrobial properties even after repeated washings.

Karuma, which makes a tablet for children called the PlayBase Plus, is said to be embedding silver into the device’s touchscreens. This Silver Seal technology is used to help reduce the bacteria on the screen’s surface, thus providing protection for little ones.

Many people also believe that consuming dietary supplements containing silver can effectively treat and prevent certain conditions, including infections and viruses. Though these supplements may be available, the medical community has not been eager to rally around this type of treatment.

A few years ago, the FDA said silver has no known physiological functions or benefits when taken orally. The agency further warned that consuming silver could have adverse effects. These include argyria, which is the permanent and irreversible discoloration of the skin. Consuming the metal is said to have the potential to increase the body’s production of melanin, causing the skin to get darker when exposed to sunlight. The FDA also said silver can interfere with the body’s absorption of drugs such as quinolone antibiotics and tetracycline antibiotics.

Medical-related silver demand and the silver market

Anyone familiar with the silver market knows that industrial demand can be economically sensitive. During times of financial turmoil and uncertainty, fewer goods may be purchased and therefore less silver is required to make the products that contain it. But what about the health-related demand for silver? Do these applications provide a strong, stable base of support for the metal?

Many of the medicinal uses of silver are fairly new, and a large number are considered novelty items. Most silver-bearing health-related items are not new products. Rather, adding silver is considered to make an existing product better.

Given that the metal itself is a key selling point, its use provides a competitive advantage rather than a necessary cost, says a Silver Institute report.

The report also says that despite the initial cost of silver-bearing products, the longer-term benefits of reduced spending on aftercare may justify the economic cost of using these materials.

Perhaps only time will tell whether consumers at the pharmacy will pay more for bandages or first-aid creams containing silver than for those without it, or whether healthcare providers will spend more on silver-containing medical supplies to lower the risk of infection. But, the newness of silver in medical applications combined with higher costs suggests that demand for many of these products could be affected by economic factors.

Even if this scenario doesn’t play out, medical silver demand does not currently represent a large portion of overall fabrication demand. The quantities used in most applications are very small.

In 2010, total demand for all such applications was estimated to be less than 0.5 million ounces (Moz). While medical silver is considered a likely growth area, the associated demand is not expected to grow on an explosive scale. The Silver Institute report predicts that medical-related silver demand could approach 3 Moz by 2015.

Though silver may provide important health benefits, for the foreseeable future such applications are are not likely to have a significant impact with regards to supply or pricing.

金價創 5個半月新低！寶經院：1400美元具強力支撐

http://news.cnyes.com/ 

寶華經濟研究院指出，中國自去(2011)年底至今黃金進口量大幅增加，有助於今年黃金實體需求維持強勢高檔，而黃金生產邊際成本逐年增 加，自2004年的332.08美元/盎司上升至去年的866.08美元/盎司，平均年增率超過10%，從成本面、需求面及基本面等來估算，估今年金價波 動區間實際金價介於1450-2000美元/盎司間，而在1300-1400美元/盎司可獲強力支撐。
紐約商品交易所(COMEX)6月黃金期貨收跌1.5%，每盎司報1561美元，盤中一度觸及1555美元，創下去年底以來新低。

寶經院表示，從成本面來看，黃金生產邊際成本是逐年增加，年增率約在14%有助近年金價攀升，雖印度雖然提高黃金進口關稅至2%，但對於印度黃金實體需求影響有限，整體黃金市場也是需求大於供給。
寶經院同時分析美元指數、TIPS殖利率、國際油價、SPDR持倉量以及VIX指數並指出，2008年以後與金價波動最為密切的是美元指數、其次則 為油價變動與SPDR倉位變化，再者則為TIPS殖利率，至於VIX指數與金價變動沒有顯著相關。寶經院認為，可能原因在於資金不會一有波動就立即轉往黃 金市場避險所致。
展望下半年，寶經院指出，未來金價走勢除受供需面及油價等因素影響外，美國是否繼續推出第三輪寬鬆貨幣政策(QE3)是未來金價走勢的關鍵，但認為今年實施的機會不大；同時，原油價格受到控制，以及歐債問題惡化有助於美元走強，皆不利於短線金價上漲。
寶經院也強調，若TIPS殖利率回升，或是SPDR、各國央行拋售黃金至市面，將會使得金價近一步下跌，但依據黃金生產成本面估算，此波金價仍在1450-1550美元/盎司附近獲得支撐，並在1300-1400美元/盎司獲得絕對支撐。

George Soros Quadruples His Investment In Gold

 
truthingold.blogspot.com 

Everyone in the precious metals/mining stock sector is looking for anything to grab onto for optimism.  Nothwithstanding that this type of sentiment always demarcates a bottom, and notwithstanding the fact that the basic fundamentals underpinning the precious metals - like catastrophic Government deficit spending and disastrous Central Bank negative interest rate policies - get stronger by the day, here's an excellent harbinger of a potential bottom/upturn in the metals/miners:  Soros has quadrupled his exposure to gold via GLD:  LINK.

This sell-off in the miners has become silly.  One particular stock AUMN (which acquired ECU Silver) is now selling at a little over 20 cents per old ECU-equivalent share.  At one time in 2007, ECU was over $3.30/share.  This valuation implies that AUMN's silver in ground is valued at 30 cents/ounce.  That is retarded.  A couple years ago silver miners were selling for $1/oz in the ground.  The price of silver is higher now and margins have exploded.

I don't know when this sell-off in the sector will end and the next move up will commence, but I just got off the phone with a longtime friend in NYC who told me that he just spoke to a very plugged-in "insider" (i.e. politically connected) type who told my friend that a massive QE in Europe and in the U.S. is coming and that this is the flush in precious metals that you want to use to back up the dump truck and buy because there might not be another opportunity like this going forward.

Back to Soros, I've noticed over the years that he has had good success as a market-timer in gold and mining stocks.  As a matter of fact, he was the largest shareholder at one point in the predecessor company (Apex Silver) that became Golden Minerals that took over ECU.  He sold Apex almost at its apex.  At any rate, it is my strong belief that he uses GLD to index the price of gold for trading purposes.  He's smarter than me and must know the potential Enron-type legal structure that belies the GLD trust structure.  I would also bet a lot of money that Soros, given that he is a Holocaust survivor and concentration camp escapee, has accumulated a massive personal holding of physical gold.

For what it's all worth...