Market Review:
　The inadequate confidence of the market to the Euro triggered a sharp dropping of precious metals. Gold fell below the mark of 1600. Spot gold hit the highest point of 1,638.91 U.S. dollars / ounce, the lowest of 1,594.94 U.S. dollars / ounce, and closed at 1,604.20 U.S. dollars / ounce. On last bargain day, it closed at 1,637.70 U.S. dollars / ounce, dropping 33.50 U.S. dollars / ounce, decrease of 2.05 percent. Silver hit the highest point of 30.15, the lowest of 29.12, and closed at 29.41. On last bargain day, it closed at 30.03, dropping 0.62, decrease of 2.06 percent.
Fundamentals：
　On Tuesday, the dollar index moved up with volatility, but the exchange rate did not break up the level mark of 80. Greek political deadlock led to another a severe test of Euro, because investors worried about the prospects for the resolution of European debt issue, which give a chance for the dollar to strengthen. However, the weak data of recent U.S. makes it difficult to provide strong support for the dollar to strengthen significantly.
　Qipulasi (Alexis Tsipras), who is the leftist coalition leaders against Greek bailout agreement, ensured the impossibility of ruling coalition with New Democracy Party of the Conservative and called for abolition of austerity measures. His behavior blocked the process of Greek cabinet and might lead to fear of a new outbreak of the debt and exit from the Euro region to suppress the global market.
　Recovery in the United States in the first quarter mainly reflected in the manufacturing and real estate market, but the boost of spending to the economy is very limited. Fed Chairman Ben Bernanke's speech in March had confirmed these trends. U.S. employment growth fell in April, that on the one hand, confirmed the possible seasonal factors influencing the unexpected growth in employment and also confirmed the fear of Bernanke – the decrease of willingness to buy of consumers, which is resulted from inadequate underemployment r hindered the recovery of U.S. economy.
　However, the overall unemployment rate of U.S. continues to decline, so the moving up of dollar will be more limited by the prospects of economic growth. There is very slim chance of the introduction of quantitative and easing policy.
　In the next week, factors stimulating the moving up of dollar will appear after May 10th. Because of the speech of Federal Reserve Chairman Ben Bernanke in Chicago on Thursday, some investors hold the opinion that the U.S. economy needs more stimuli; the government should buy more bonds and implement QE3. However, this will lead to the maintaining of low interest rates of dollar and reduce the exchange rate of the U.S. dollar against major currencies.
　The gold holding of the world’s largest gold exchange-traded fund (ETF) - SPDR Gold Trust is 1,274.99 tons up to May 8, equal to that of the last bargain day.
　The holding of the world's largest silver ETF iShares Silver Trust maintained at 9585.83 tons up to May 5, increase of 48.3 tons.
　Disk Analysis：
　Spot gold daily chart shows a long line closing the price yesterday. The KD and macd open downwards, and the average lines move a little down. Hours chart shows price reflect a irresistible force after dropping out of the key resistance level, and the average system opens downwards. Bear trend remains the same, midway along callback. Spot gold supports (short) 1600 resistance1625-630 TD and gold supports resistance 330-332 325-326.
　Spot silver daily chart shows line closing price yesterday and the average lines turn downwards. The crossing of KD and macd is downward. The bear trend accompanied pullback is the basic trend. Hours chart shows, the price may rebound in a wave of ultra to restore indicators of the average lines. Spot silver supports 29 near the resistance 29.5-29.8 TD silver supports resistance near 6200 6300-6350.