2015年3月27日星期五

TIME v PRICE

Complex

QUESTION: 

Dear Mr. Armstrong:
 
I hope you are doing well and congratulations for your successful work, research and forecasts!. I don´t understand, Why TIME is more important than PRICE?. For example, Why the PRICE of gold is not important?.
I look forward to hearing from you as soon as possible.
Sincerely,
 
J.E.M.V.
1-Six Dimensions

ANSWERTIME governs everything for everything is connected in the Sixth Dimension by this complex element. Yet each and everything also has its TIME and PLACE which are the Fourth and Second Dimensions. Where gold bottoms in price is really irrelevant for no uptrend is possible until everything is aligned. Once the markets are all in alignment, then the trend changes for everything. The price of anything is secondary to the trend alignment and that is all about TIME.

Consequently, like in the Dow, we had three targets, 18,500, 23,000, and then the 37,000-40,000 level. PRICE is the second dimension only. But the TIME is unchangable for it is a unique property of everything. COMPLEX TIMEis the sixth dimension – an alignment that requires everything to be in place where the world correlates. This is revealed through our tracking of global capital flows. It is also why you can try to create a model on a single market even with cycles, only to find that your best efforts will fail because all cycles must converge and distort to create the major alignments.

进口规定或压低国内溢价水平

Bloomberg News


据华尔街日报报道,世界黄金协会(World Gold Council)远东区董事总经理郑良豪(Albert Cheng)周四表示,中国从下个月起将允许更多公司进口黄金,这可能会压低国内黄金市场相对于国际市场的溢价。

目前中国仅允许15家银行进口黄金,但从4月1日起,在海外拥有资产的国内矿商也将被允许直接进口黄金。

郑良豪向《华尔街日报》(The Wall Street Journal)表示,竞争将更加激烈,中国国内黄金的溢价将被挤压。

尽管中国央行已经宣布了上述调整,但最终指导可能会在4月1日发布。

过去中国的黄金买家如果想要尽快获得黄金交付常常不得不支付高溢价。在购买旺季,溢价水平通常较国际价格水平高出每盎司10美元

随着越来越多的实体拥有黄金进口权,中国国内的黄金供应应会增加,从而拉低溢价水平。

周四黄金价格报每盎司1,201美元。

郑良豪估计新规将促使至少四家中国矿业[-18.95%]公司申请黄金进口许可。

他还说,他预计中国的黄金进口量不会因新规的出台而出现井喷,不过今年的进口量可能仍会增长近11%至900吨,因2013年建立的库存去年被消化了。

尽管中国和印度共占全球黄金需求的一半以上,不过郑良豪称,缅甸和印尼等其他亚洲国家可能是黄金需求增长的重要来源,因为经济改革可能使个人更富裕。

他说,由于黄金作为一种储存财富的工具在亚洲颇受欢迎,预计未来三年亚洲在全球黄金需求中所占的比重将上升至65%-70%,目前的比重为60%。

郑良豪表示,最近在上海、新加坡和香港推出黄金交易合约的举措目的在于向亚洲的客户直接进行黄金交割,该举措必将方便亚洲的黄金购买。目前亚洲地区的黄金购买通过伦敦或纽约进行。