首页 社会内容详情
博彩网址平台:Insight - Funds are turning sour on gold, unexpectedly

博彩网址平台:Insight - Funds are turning sour on gold, unexpectedly

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

新2正网平台出租www.hg108.vip)是皇冠(正网)接入菜宝钱包的TRC20-USDT支付系统,为皇冠代理提供专业的网上运营管理系统。系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统,让皇冠代理的运营更轻松更安全。

Gold itself has risen 3.9% over the past three weeks, its best run since the eve of Moscow’s war in February – behaving much as you’d expect. The funds aren’t buying it.

GOLD, according to financial markets lore, is a pretty simple beast.

For all its complexities, at bottom what it likes is a weak dollar, turmoil, and lower interest rates.

Falls in the greenback mathematically raise the price of dollar-denominated commodities.

Turmoil makes investors head for safe-haven assets, of which gold is by far the most long-standing.

Lower rates reduce the appeal of its main competitor as a haven, yield-producing government debt.

That makes the activity of money managers of late rather mystifying.

Animal spirits appear to be returning to financial markets, paring back interest rates and dollar strength, while US House Speaker Nancy Pelosi’s visit to Taiwan is threatening to spark the biggest geopolitical crisis since Russia’s invasion of Ukraine.

Gold itself has risen 3.9% over the past three weeks, its best run since the eve of Moscow’s war in February – behaving much as you’d expect.

The funds aren’t buying it.

In data going back to 2006, money managers have almost always had a net long position in Chicago-traded gold futures and options, with more of them betting prices will rise than fall.

In just 37 weeks out of 841 has the group been counting on gold weakness – but that’s what’s been happening in recent weeks.

,

博彩网址平台www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。博彩网址平台上博彩网址平台会员登录线路、博彩网址平台代理网址更新最快。博彩网址平台开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

As of July 26, their net positioning was short by 10,474 contracts, before bouncing back to a narrow long of 27,899 contracts last Tuesday.

Net short positions have only cropped up on a handful of occasions toward the end of 2015 and 2018 (and, very briefly, at the start of 2016 and 2019)

Short of cash

Investment funds have taken out a rare net short position in Chicago gold futures and options.

One possible explanation could be that more and more of the gambling money in gold markets is headed into private hands.

There’s another group of investors from whom the US Commodity Futures Trading Commission collects data, known as “other reportables.”

Like money managers, they’re making macro bets on gold rather than in the physical metal business or trading the spreads between bid and ask prices.

Unlike them, they’re wagering their own money, as family offices, in-house hedge funds, or affluent private clients.

They’re almost always on the long side of the trade, and in the past two years they’ve risen to take on a larger share of long positions than conventional managed money funds.

ETF investors

The gross long gold position held by “other reportables” traders – mostly funds managing their own money – is now larger than that of conventional funds managing other people’s investments

 当前暂无评论,快来抢沙发吧~

发布评论