Gold has been very attractive and popular since ancient times. Therefore, the price of gold has always been very high, which is out of reach for ordinary people. However, gold is essentially just a mineral, so its price will actually change with certain factors.

Specifically, the factors affecting gold prices are as follows:

(1). Review of domestic products price from 2009 to 2011

1. The past decade - we can call it the golden 10 years, which may be somewhat consistent for those born in the 1980s;

The price of gold has risen by 1,175 meters (compared with the historical high); although the increase is limited to a certain level, the continuous rise will allow us to follow the trend and think about the duration of the duration, which is the key purpose;

However, Mijin, which is incompatible with the fire, has stepped out of the overall decline of 9 years. The increased expenditures and subsequent monetary infusion policies are the causes of the long-term bearishness of Mijin. During this period, it was gold that confirmed this historical process; therefore, the opposition between Mijin and Gold is not as important as the current so-called experts emphasize that the two will gradually break away from the relationship.

2. In the past four years - in the past four years, the trends of Mijin and Gold have deviated a little. However, as mentioned above, the long-term relationship between the two has not been separated. Instead, in the past four years, except for Mijin's interpretation of the annual k-line. Then its pattern shows that Mijin is experiencing a weaker pattern at low levels;

This includes the disorder during the financial crisis to the safe-haven benefits of Mijin Assets and the loose monetary policy adopted to maintain the stability of the financial market and the recovery of the economy, as well as the large-scale purchase of Mijin Assets in China and Japan, while gold has undergone a four-year accelerated rise;

The most unforgettable thing during this period was that the negative impact of the European debt crisis in 2009 and 2010 resulted in the continued rise of gold;

Although the US economy gradually improved at the end of last year, it will take some time to solve the difficulties of the European debt crisis. There is also the imbalance in the development of the global economy and the economy is still in a recovery cycle, which are the basic factors for the rise in gold prices in two years;

Of course, what can never be escaped when talking about the operation cycle of a variety is the enthusiasm for public participation and the driving effect brought by capital flows, and gold is no exception;

A global economic recession cycle cycle will cycle to a normal economic development cycle, and experience recession-depression-recovery in the middle. It will take 3-4 years according to the secondary cycle of the Kitchen cycle. Therefore, it will take some time for Western countries led by the United States to be in a recovery period of out of the trough; but it is certain that once the economy improves or even prospers, it will be the beginning of a major cyclical adjustment for gold;

3. Current price operation pattern - In 2010, gold prices generally showed an accelerated upward trend, which was the year with the largest room for gold to rise since its pricing. We attribute it to the continuation of the bull market that accelerated in 2009. It rose by US$320 throughout the year; and the historical high was locked at the 1430 point.

At the beginning of 2011, it entered a cyclical adjustment trend, extending a little further. Since it has reached a historical high of 1430, the gold price in Europe and the United States has begun a new round of adjustments on Christmas, but in terms of the time and space of adjustment, it is beyond the expectations of many investors. The adjustment range last month was about 6%85 meters of gold. It is reasonable from the perspective of monthly rise and fall space alone, but it is only a one-month cycle. Although the degree has not yet closed, the time is short, which is still rare in previous trading historical statistics;

And there is a high possibility of closing positive. Once a new round of upward trend will be opened as expected, and the trend of silver seems to indicate the future trend of gold.

(2), Analysis of factors affecting domestic product prices

There are many factors that affect the price of gold. Including international politics, economy, foreign exchange market, interest rates and monetary policies of major Omes, the increase or decrease of gold reserves by central banks, the increase or decrease of gold mining costs, the increase or decrease of gold for industrial and jewelry, and other factors affecting changes in gold prices. Specifically, it can be divided into the following aspects:

1. The interactive relationship between gold prices and important international stock markets.

2. The relationship between gold price and seasonal supply and demand factors in the gold spot market.

3. The interactive relationship between gold prices and rice gold.

4. The linkage between gold prices and international commodity markets.

There are three main types of gold prices in the world: market price, production price and quasi-official price. Other types of gold prices are derived from this.

1. Market price: Market price includes spot and futures prices.

Generally speaking, the influence factors of spot prices and futures prices are similar, so the direction and amplitude of the changes of the two are basically the same. However, due to the convergence of the market trend, the basis of gold (that is, the difference between the spot price of gold and the futures price) will continue to decrease as the futures delivery period approaches. When the delivery period is reached, the futures price and the spot price of the transaction are roughly equal.

Theoretically speaking, futures prices should steadily reflect the spot price plus the holding cost of a specific delivery period. Therefore, the futures prices of gold should be higher than the spot price and the basis is negative, but due to the complex factors that determine the spot price and futures prices.

For example: the near and forward supply of gold, including the size of annual gold production, the sale of gold reserves by central banks in various countries, etc.; the market demand situation of gold, which also includes changes in actual gold demand (jewellery industry, industry, etc.), gold recycling and reuse, etc.;

The stability of the political situation in the world and countries, the level of inflation, interest rates and some emergencies are the main factors that affect investors' psychology, and thus affect the trend of gold prices;

Speculators take advantage of fluctuations in gold prices, hype up unexpected events, and various hedge funds enter the market to make trouble, artificially create illusions of supply and demand, etc.

All of this may cause the supply and demand relationship of gold in the world gold market to be imbalanced, and the relationship between spot and futures prices is distorted. At this time, due to the shortage of supply and demand of gold, the cost of holding futures cannot be compensated, and even a positive basis is formed, resulting in the phenomenon that the spot price is higher than the futures price and the futures price is higher than the forward futures price.

2. Production price.

Production prices are based on production costs to establish a significantly stable price basis fixed on market prices. Based on the current exchange rate estimate, the average total cost of gold mining is about $260 per ounce.

In fact, with the advancement of technology, the costs of mineral exploration, mining, refining, etc. have been decreasing, and the cost of gold is showing a downward trend.

3. Quasi-official price.

This is a price used by the central bank as activities related to official gold. It is divided into mortgage prices and bookkeeping prices.

The total official reserves of central banks around the world were approximately 34,000 tons in 1998. Calculated by production capacity, this is equivalent to the world's gold mine production in 13 years. This is an important reason for determining the quasi-official gold price.

1. Mortgage price.

This was generated by the Noodle Kingdom in 1974 to achieve a loan from the Federation Chariot Kingdom and using its own gold as collateral.

When borrowing, gold is used as collateral, gold is priced at the market price and then discounted. To a certain extent, the gold price is maintained, because a large amount of gold is being collateralized. If the gold price falls, the interest on the loan period will be higher than the interest rate of Lun-----------Dun Interbank Bank.

2. Bookkeeping price. It was proposed after the disintegration of the Bu-Leedton-Sen-Lin system in August 1971.

Due to the strong attraction of market prices, when there is a huge difference between market prices and official prices, countries have raised their respective gold official prices due to the need to price their official gold reserves, thus creating quasi-official accounting prices to determine the official reserves.

There are three main methods in operation:

(1) Link the market price according to different discount standards (based on the market net price or up to 30% discount). The gold price is determined based on different basis and different adjustment periods (divided into the average of 3 months, the average of the end of the month, etc.).

(2) Use the purchase price as the pricing basis.

(3) Some countries are determined based on historical official prices. Some countries are determined based on the International Monetary Fund in 1969 USD 35 per ounce. Quasi-official prices have become a more important gold price in world gold trading.

2..Price mechanism

As a commodity, the price of gold is also determined by supply and demand factors. However, as a commodity with special attributes, the pricing mechanism of gold is also very different from general commodities, and the price of gold is closely related to international financial and monetary factors.

1. Pricing mechanism of Wudu gold market

In 1919, the Wudu gold market began to implement a daily pricing system, twice a day, which was the most important gold price in the world. From September 12, 1919, representatives of the five major gold banks in Wudu gathered for the first time "Golden House" and began to formulate the daily gold price in Wudu gold market. This system has continued to this day.

Wudu Market sets gold prices twice a day, at 10:30 am and 3:00 pm. The gold market makers (ten companies) of Wudu Gold and Silver Market Association represent gold traders almost all over the world, including gold suppliers, gold demanders and speculators, decide to find a price that is most reasonable for buyers and sellers in the market, and the entire pricing process is completely public.

The gold price in the Wudu gold market is the most important gold price in the world and can affect the trading prices of the New York-York and Hong Kong Island gold markets.

The gold price in the Wudu market is determined by major international pricing banks. Pricing is the top ten international banks, with considerable economic strength and status, and gold transaction scale accounts for a considerable proportion. Therefore, their transaction prices are of important reference value to other gold merchants.

2. Pricing mechanism of Su-Li-Si gold market

The Su-Li-Shi gold market is a world-wide gold trading center that grew rapidly after the war. It maintains a unique advantage in world physical gold trading. Its price is decided by three major banks: Rui-Shi-Bank, Rui-Shi-Credit-Bank and Rui-Shi-Lian-Bank.

Although it does not have a gold supply itself, the special banking system and auxiliary gold trading service system provide a free and confidential environment for gold trading.

Therefore, the Su-Li-Si gold market maintains a unique advantage in world physical gold trading.

There is no gold price setting system in the Su-Li-S gold market. Bank positions are not disclosed, and the joint clearing system adds the bearer positions of the bank. According to the changes in these positions, the trading gold price on the day is determined based on the supply and demand conditions at any specific time on each trading day.

This price is the official gold price of Su-Li-Shi gold market. The full-day gold price fluctuates freely on the basis of this price without limiting the daily limit. The official gold price of Su-Li-Shi gold is binding on the members of Su-Li-Shi gold warehouse.

Su-Li-S gold market is an invisible market, and gold business is mainly conducted between banks and customers, and banks. The business characteristics of this market are spot trading, including gold bars, gold coins trading, etc.

Commercial banks play a crucial role in the formation of international gold prices. As a quasi-monetary commodity, its pricing mechanism is different from ordinary commodities and cannot be separated from the participation of commercial banks.

3. New York---Price mechanism for gold market

New York---York gold market is the world's largest gold futures and futures options trading market. The New York---York branch of the Chicago Mercantile Exchange (CME) Group New York--York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---York---Yor

New York---The trading and pricing of gold derivatives in market prices are globally authoritative.

4. Pricing mechanism of Hong Kong Island Gold and Silver Trade Site

The Hong Kong Island Gold and Silver Trade Market was established in 1910 and has maintained a unique gold trading method.

Members can trade in the stadium by publicly yelling prices. If the dealer offers a price, the transaction can be 2,000 Sima Liang in a fixed price. All transactions are decided in verbal form and there is no need to sign a contract.

The prices of major gold markets around the world affect each other. The trading time of major gold markets around the world is based on the fog time. The fog city, New York (Chica-Go) is formed continuously gold trading.

The morning price of Wudu at 10:30 am every day kicks off the prelude to Beimijin City. Subsequently, New York and other markets opened one after another.

When the price of the fog is set in the afternoon, the New York---York market is still under trading. The Hong Kong Island market will also join. The price of the fog city at the end of the fog city will affect the morning market price in the United States, and the opening price of the fog city will affect the opening price of the fog city. This cycle.

Competition in gold mineral products is reflected in the stability of product quality, complete product series, rich product analogies, etc.

Since the operation of the gold industry is relatively complex, any of the quality or problems in any link will ultimately affect the quality of the operation. Therefore, stable product quality, advanced technology, and excellent production control management will all play a decisive role.

To sum up, the price of gold is changing at any time, so when it comes to gold investment, you need to act cautiously to avoid causing great losses!

The color of gold is very attractive and the benefits it represents are also very attractive. However, gold mining is actually very difficult and not as easy as ordinary people imagine.

If you want to mine gold from gold ore, you also need to know how to dress ore.

Some of the gold extraction comes from sand gold, and some come from mai gold. Since the 1970s, the production of mai gold has remained at 75% to 85%, while sand gold accounts for 15% to 25%. Since the 1990s, due to environmental factors, the share of sand gold production has further declined.

1).Sand gold mine:

After the native gold deposits are exposed to the surface, due to mechanical and chemical weathering, the gold-bearing veins or gold-bearing parent rocks gradually break down into rock fragments and gold particles.

Then, under the handling and sorting of external forces, minerals with larger specific gravity (such as gold particles) are deposited on hillsides, riverbeds, and lake and seashores to form a certain enrichment. Those with industrial mining value are called sand gold deposits.

Sand gold deposits are usually mined by gold ships, hydraulic mining, excavator mining, and underground (vertical shaft) mining. my country's sand gold deposits are mainly mined by gold ships, and there are also hydraulic mining and excavator mining.

The sand gold ore dressing process mainly includes preparation and selection operations before selection.

The preparation operation mainly consists of two processes: fragmentation and screening. The fragmentation mainly dissociates the ore particles in the mined ore sand from the clay ore sludge; the screening is to screen out the coarse grain grades without gold.

Commonly used equipment include plane screens, cylinder screens, cylinder scrubbers, etc.

The selection of sand gold mainly uses gravity ore dressing method, because on the one hand, the proportion of sand gold is large (~) and the particle size is coarser (~2 mm), and on the other hand, the gravity ore dressing method is relatively economical and simple.

Reselecting equipment generally uses various types of chutes, jitters and shakers (commonly used for selection).

2).Burgical gold mine:

The various types of gold ore are different depending on their properties. The ore dressing methods used are also different, but the new gold extraction process of reselecting, flotation, mixed-mercury, cyanide------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

For certain types of ores, the joint gold-raising process is often used.

There are many gold selection process solutions used in production practice, and the following are usually used:

:This process is suitable for treating quartz vein native deposits and oxidized ores containing coarse-grained gold.
To be continued...