Supply-side reform spring breeze sent commodity Five Golden Flowers bloom sequence

On Thursday, after the results of the ECB meeting introduced, the price of gold fell below $ 1,240 / play baby Games oz the case, together with the euro rebounded, eventually harvested more than 1% gain, back to $ 1,270 / ounce above the level. Meanwhile, US stocks of crude oil and the dollar fell while improving gold as a hedge investments attractive, gold futures prices Thursday in nearly a year since the closing high. Recently, gold has been tested several key price, insiders pointed out that the market is expecting the Fed meeting on interest rates next Wednesday. For this year's gold price movements, Changjiang Securities, said good. Although employment data and inflation expectations upward, but the inherent recovery "lack of confidence" so that the United States can not be immune and indifferent manner to deepen economic integration in the global environment, the Fed is expected to raise interest rates will remain low, the weak dollar bias, superimposed inflation, real interest rates upward, Ledo gold; in addition, frequent global black swan event, geopolitical risks rise, leading to the risk of asset price volatility increased, rising safe-haven demand for gold. It is worth noting that the price of gold to directly determine the performance of the company's gold, gold prices, gold will increase performance of listed companies, stock investment value of gold also will increase; the other hand, gold prices lower, performance of listed companies will drop gold the investment value of gold stocks will be reduced, the share price will be lower. Also, the stock market is a virtual capital, fictitious capital are very flexible, so the price elasticity of gold stocks is greater than the elasticity of the price of gold, that is, when the price of gold rally, gold stock price rose to more than the price of gold rose, when gold prices fall when the decline in stock prices of gold will decline less than the price of gold. So, the market share of gold in the end how it? According to the "Securities Daily" Market Research Center statistics show that only from within the month the market performance, as of yesterday, except in the month just Thai Holdings edged down 3.38%, the rise in the average realized gold stocks remaining 11 months, accounting for over Jiucheng, which reached 48.56% cumulative increase topped Chifeng gold within months, followed by western gold, the month cumulative increase of 21.82%, Global Business Global, ST splendor, Hunan gold, Shandong gold within months cumulative gains were also more than 10%, respectively, 19.42%, 13.23%, 11.24%, 10.10%, in addition, during the month rose to achieve gold stocks also include, gold gold (8.53%), Park City gold (8.50%), constant state shares (7.76%), Run resources (7.10%), Zijin Mining (6.71%). In fact, the Shanghai index over the month showing concussion, but 10 days, in addition to just Thai Holdings outperform just four days, the other gold stocks have outperformed the broader market, more than half the time, more typically, Chifeng gold outperform days to eight days, ST splendor also has seven days to outperform. In this regard, insiders pointed out that this year, concerns about the outlook for the global economy in terms of gold demand set off a sudden feast, a huge buyer sentiment to make many investors think even waiting more than three years of market inflection point It has arrived. If you can say that there will be further changes in the market, then the more reason not demand sudden outbreak, but has strong winds from the supply side to the end of the Qingping. Gold supply side, either miners or recyclers are going through a difficult period. By industry-wide cost pressure on prices, supply-side reform is imperative, and this is most likely the first step in the reform of the mergers and acquisitions and consequent integration of resources within the industry. A few good days,play baby hazel games when the former, many manufacturers have accumulated sufficient cash flow, in addition to investments to expand production, there are also smart companies leave enough grain for the winter. It is these reserves into play, and get through the winter, to achieve integration will be more powerful supply side. And have the ability to integrate the vanguard, from the financial statements has been able to filter out. crude Follow segments of the oil reform Local time on March 9, the New York Mercantile Exchange, light sweet crude for May delivery futures contract rose $ 1.71 to close at $ 39.92 a barrel, or 3.90%, compared to $ 31.54 a barrel on January 20 of , has risen over 25%, while the contract is also the highest since January 5 this year, the highest closing price of March 10, the contract edged down 1.12%, but the March 11, the contract and opening to go . We can say that the recent trend of the crude oil market is very strong. In this regard, analysts said the global average development cost of conventional crude oil below $ 50 / barrel, while oil shale development costs generally more than 50 US dollars / barrel; US shale oil production continued to decrease recently, major oil producers and enormous financial pressure It is expected to reach a new agreement to cut even frozen produce. In this context, the price of crude oil is expected by the end of 2016 is expected to return to $ 50 / barrel. The capital market, with the recent rebound in oil prices, the upstream industry chain benefit of listed companies, including oil and gas exploration, development, oil and gas pretreatment, storage and transportation. From the supply side point of view, GF Securities, said global production capacity is shrinking,play Dora Games which will help the upstream crude oil prices, but also to the upstream industry chain brings new opportunities. Historically oil prices rebounded bottom several times in the process, the level of big rebound often requires continuous supply contraction side. Nearly three months year on year growth of global oil supplies begin to decline and reach zero line, in 2016 crude oil supply-side reduction extent is yet to be seen, but the company within the industry to reduce capital spending and staff cuts have described the supply-side contraction trend has been formed. Domestically, it is learned, have been considered by the State Council studied a "Opinions on Deepening the Reform of Oil and Gas", after the National Development and Reform Commission, the National Energy Board as required to make some changes again, supplement and perfect the second time reporting, expected after two sessions will soon be introduced. It is understood that the idea of ​​a new round of oil and gas reform relates to oil and gas prices and downstream market access liberalization in various fields will further break administrative monopoly, take control of natural monopolies, liberalization of competition aspects, wherein the core is and upstream release network separation, the future will carry out a comprehensive reform of the oil and gas pilot or pilot projects in some provinces and cities. Investment strategy, Galaxy Securities said it expects 2016 industry boom is still poor, but also large oil and gas industry downturn and oil service companies through mergers and acquisitions continue to achieve good window period of rapid development; outstanding corporate market share is expected to continue to enhance the realization bend overtaking. Individual stocks, key recommendation Hui Bopp (high cost, enhance market share overseas; underestimate the value of blue-chip); bullish LandOcean (M & A perfect low-cost distribution chain); attention Technology (enter the refining business; recent private placement), Alzheimer technology (recent private placement), Jerry shares. It is worth noting that, including Minsheng Securities, China Merchants Securities,source such as a number of large brokerage firms have said 2016 could focus on petrochemical and oil and gas industry reform and industrial upgrading segments related opportunities. Where Minsheng Securities, said oil and gas reform, mixed ownership reform is the focus of future work in the field of energy, industry chain-related stocks will continue to enjoy oil changes and dividend policy mix reform. Subject of upstream oil and gas reform recommended are: Guanghui Energy, intercontinental oil and gas, the United States and all energy. Midstream pipeline transportation benefit subject are: Shanghai Petrochemical, gas and other Chongqing. Go downstream production capacity, industrial restructuring to benefit the subject are: East Energy, satellite petrochemical, Ding Long shares, Anno its like. From the above-mentioned institutions are more optimistic about stocks during the month Editor's Note: Recently, the volatility in commodity markets, crude oil as the representative of the indicator species on Monday to lead the rally, which Yu Taizong commodity wind dance. Gold hit a new high since last March; Wednesday and Thursday to steel-based "black line" big play big drop in metal prices, every day more than 6% of the amplitude exhibit both long and short intense game. Combined with this year's government work report "moderate expansion in aggregate demand, while supply-side structural reforms prominence, not play Barbie Games only do the subtraction, but also do addition" and fundamentals policy signals, and commodity prices are closely related to gold, crude oil, iron and steel, growth potential coal, nonferrous metals and other five industries increase, but also contains a lot of trading opportunities, today's special edition of the above five areas and related investment opportunities of leading shares detailed interpretation for investors.