皇冠足球网
热门标签

足球博彩平台:Insight - Funds are turning sour on gold, unexpectedly

时间:2周前   阅读:2   评论:2

博彩平台大全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。博彩平台大全上最新博彩平台登录线路、博彩平台代理网址更新最快。博彩平台大全开放皇冠官方会员注册、皇冠官方代理开户等业务。

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.

,

足球博彩平台www.hg108.vip)是皇冠体育官网线上直营平台。足球博彩平台面向亚太地区招募代理,开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。足球博彩平台可下载皇冠官方APP,皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。

,

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

上一篇:新2网址大全:首位在世音乐家造像 郎朗嫌蜡像老过真人

下一篇:电报群科学上网(www.tg888.vip)

网友评论

  • 2022-10-21 00:28:24

    usdt收款平台www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。
    入坑不吃亏,真的