Dalian Precious Metals Trading Center National Recruitment Agent Contact Number QQ
Contact Person: Manager Zhang Dalian Precious Metals Investment Promotion, Dalian Precious Metals Agent, Dalian Precious Metals Personal Agent, Dalian Precious Metals Company Agent, Dalian Precious Metals Spot Investment Promotion, Dalian Precious Metals Spot Agent, Dalian Precious Metals Mixed aroma investment, Dalian precious metal mixed aroma agent, Dalian precious metal silver investment, Dalian precious metal silver agent, Dalian precious metal bulk investment, Dalian precious metal bulk agent, Dalian precious metal palladium, platinum, alloy, copper.
Data from the U.S. Commodity Futures Trading Commission shows that
as of the week of
hedge funds and speculators’ net long positions in gold rose
to
/>Contracts
, among which the number of short contracts decreased significantly, becoming the main force driving the increase in net long positions. This round of gold holdings has seen its largest increase since the beginning of the month.
As the U.S. election enters the final countdown, gold’s hedging function as a hedge against risks has been repeatedly mentioned. October 1 was two days before the UK left the EU, and two days later the British people personally released the largest black swan this year so far. Now, a risk event as risky as Brexit is coming in a few hours, and hedge funds have obviously deployed safety nets.
Bloomberg columnist Fiklin poured cold water on the bustling gold market at this time. He wrote in his column that if everyone is optimistic about the rise of gold at this time, they may suffer losses.
After all, hedge funds are not long gold for the theory that gold can be a safe haven. They are either pursuing profits or protecting profits. When the price of gold climbs, hedge funds intensify selling efforts in order to profit. The same reaction may occur when the price of gold falls, but this time to cut losses. In this sense, huge speculative positions in commodity markets are like overvalued stocks. Investors always expect assets to perform better than expected, and will be very disappointed if the performance is slightly worse.
Dalian Precious Metals Trading Center National Recruitment Agent Contact Number
QQ
Contact Person: Manager Zhang
Dalian precious metal silver agent Dalian precious metal mixed aromatic agent