In January, It Rose 200 US Dollars &Nbsp; The Controversy Over The Gold Bubble Began.

Since the S & P lowered the US sovereign credit rating, the price of gold has become "unpredictable".

Guan Xiangfeng, futures analyst at Shanghai futures brokerage Co., Ltd., said: "we expect that gold will continue to rise in the future. It is not a myth that gold reaches US $2000 in the market. We will see this price in the near future."

There are similar rumors, and financial predators.

Goldman Sachs Group has raised its gold price forecast from 3 months, 6 months and 12 months to 1645, 1730, 1860 US dollars / ounce respectively. JP Morgan then raised the gold price before the end of the year from the previous US $1800 to $2500 an ounce, increasing by 39%; HSBC expects that gold price will reach US $1850 / ounce in the rest of the year; the US dollar will increase the gold price forecast in the next year to $6 per ounce, all of which occurred during the short period of -10 days in August 8th.

Just because the height is too cold can also be verified on the gold price.

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In August 11th, the Chicago Mercantile Exchange (CME) raised a series of margin requirements for gold futures trading, raised the margin requirement for speculative trading of Comex 100 gold futures contracts from US $6075 to US $7425, while maintaining margin requirements from US $4500 to US $5500.

"This directly causes hedge funds and institutional investors who are quite leveraged to invest heavily in gold and have to quickly liquidate cash in order to make up the margin."

A gold trader said.

As of August 11th 19 points, COMEX gold futures contract price in December closed at 1783.4 U.S. dollars / ounce, has been out of the intraday high of 1813.20 U.S. dollars / ounce.

"After all, the exchange is worried that the current gold speculation is going too far, which may lead to a gold price bubble."

In the view of these people, the bigger attempt is that the US government needs to use some "technical means" to curb the continued rise in gold prices, which has protected the US dollar from depreciating rapidly, so as to maintain global capital flows to us dollar assets continuously.

With the fall in gold, the US dollar index has risen from 74.33 to 74.66.

"Especially when global funds are beginning to be vigilant against US Treasuries investment, we need to create an atmosphere of rising dollar and increase the enthusiasm of overseas funds to subscribe for US Treasury bonds."

He said.

"Arbitrage funds" wait for a bumper harvest?

Just now, gold prices are getting higher every day this week. At the same time, gold ETF gold holdings, which are important gold buying power, have shown signs of weakness.

In August 8th, the world's largest gold exchange traded fund (ETF) SPDR Gold Trust had a net gold inflow of 23.62 tons per day, the second day after the largest net inflow volume since May 2010, and its gold holdings rapidly decreased by 13.02 tons to 1296.90 tons, the largest single day net outflow since January 25th. It seems that some institutional investors are cash in the gold market.

Reporters learned that a considerable part of the investment in gold ETF funds are short-term profit driven funds.

According to historical data, the net inflow of gold ETF was almost zero between July 2010 and July 2011. However, with the deterioration of the European debt crisis, the inflow began to rise. Now they have the driving force of high cash in order to carry out arbitrage on the short term rise of the S & P's downgrading of the sovereign credit rating of the United States. On the other hand, the European debt crisis has been alleviated with the European Central Bank's massive purchase of Italy's national debt.

After all, COMEX futures gold has risen by 26.42% over the current year, and there is still a big increase. The market is always controversial.

Analysts at CICC said, "as long as the Federal Reserve maintains a relaxed policy, we will continue to recommend gold holdings, and if the European Central Bank is to join QE, we will be more optimistic."

However, the Domino effect of rising gold prices has begun to emerge.

On the 11 day, the gold mining industry (1818.HK) closed at 17.52 on the 11 day, up 6.05%, 2899.HK closed at 3.830, rose 3.23%, and China's gold (2099.HK) closed at 31.650, up 4.80%, which all won the Hang Seng Index 0.95% decline, indicating that hedge funds were spreading from high gold to gold stocks.

"This also gives more opportunities to buy high capital before buying."

Wang Zhonghui, President of easy holdings.