Moqianji 10.3 Why did gold and crude oil fall? 10.4 How to make gold and crude oil bullish and bearish next week? _International Crude Oil Market_Gold Net_China Gold Online

[Prólogo]Sometimes business performance is like a roller coaster, sometimes upwards, sometimes sharply downwards, always mixed with joy and sadness. If one is not careful, the market can disintegrate the investor’s psychology and ruin the investor’s soul. As long as you enter the market, this kind of experience is inevitable, but investors can learn to deal with these situations and even learn to take advantage of them. The rules must be strictly adhered to, otherwise it is just empty talk. Strictly implementing the rules you have set and being completely self-disciplined is a difficult part. It is difficult to implement because people are a complex of the rational and the irrational. The irrational side always consciously or unconsciously tries to destroy our rational thinking. We must overcome this barrier and achieve strict self-discipline, otherwise we will never be able to enter the ranks of successful people. And this process implies self-cultivation, requires accumulation of time and constant psychological strengthening of the self.

Information related to Jinyou:

The latest monthly employment report before the November 3 presidential election showed nonfarm employment increased by 661,000 in September, the smallest increase since the job recovery began in May. The increase in August was revised downward from 1,489 million to 1,371 million. Analysts surveyed estimated that 875,000 new jobs were created in September. The unemployment rate fell from 8.4% in August to 7.9% in September, when 695,000 people left the labor market. Because people are wrongly classified as “have a job but did not go to work,” the unemployment rate index is skewed down here. Without this error, the government estimates that the unemployment rate in September was around 8.3%. 3.8 million people lost their jobs forever, an increase of 345,000 since August. Other previously released data also confirmed that the US economic recovery is only temporary. The number of initial claims for unemployment benefits in the United States fell last week, but remained at the level of economic recession and personal income fell in August. Manufacturing activity unexpectedly slowed in September. The rebound in consumer confidence in September was the biggest in 17 years, but was still lower than the prevailing level before the new crown burst earlier this year. Thus, despite the fifth consecutive month of decline in the US unemployment rate, the report still highlights the challenges facing the US economy in trying to emerge from the recession. The report has little impact on the market because investors are concerned about Trump’s health.

The Speaker of the US House of Representatives, Pelosi, said negotiations with the White House on the new stimulus package will go ahead. However, the two parties are still far apart in terms of the amount of the stimulus plan. John Kilduff, a partner at Again Capital LLC, said that Trump’s diagnosis shows that Covid-19 is making a comeback, which will cause people to be cautious again and travel very cautiously, which has a huge negative impact on demand for Petroleum. The increase in supply also puts pressure on the market; According to energy services company Baker Hughes, US energy companies have increased the number of active oil and gas platforms in the past week, indicating that supply will increase; This is the third consecutive week of increased active rigs. The rise in oil prices in recent months has prompted some producers to resume drilling.

gold

Gold opened yesterday at US $ 1905.4 / ounce. After the opening, the price of gold continued its downward trend in the Asian market, with a minimum of US $ 1,889.71 / ounce. Subsequently, it held and continually rebounded to $ 1916.93 / ounce. There was pressure to step back into the night. After the release of non-farm data during the US market, gold recovered slightly to the 1912 level again under pressure, and then the price continued to fluctuate down, the lowest level was at the 1898 level, it touched N times and eventually closed at $ 1,900.48 per ounce.

　　

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