Chapter 49 Futures Gold Price Fluctuations

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A few days later, on the morning of Monday, January 22, the US Federal Reserve released its report on the national economic situation.

The survey report said that between November and December last year, the economy of the 12 regional reserve banks maintained "moderate" and "moderate growth".

The wording of "moderate" and "moderate" in the survey report indicates that the Fed's assessment of the US economic situation is not very optimistic.

Although since January this year, the price of futures and gold in New York has been sideways, which has reflected investors' expectations of the US economic situation. Everyone is waiting for the release of the Federal Reserve's National Economic Situation Survey report.

But when the Fed's official national economic survey was released, the assessment was not very optimistic.

This caused the US dollar exchange rate to fluctuate, and the price of gold in New York futures began to fluctuate, and the price of futures gold rose, rising by $0.6 per ounce on the same day to close at $137.8 per ounce.

A strong U.S. dollar generally indicates that the U.S. economy is in good shape, and U.S. stocks and bonds will be sought after by investors, weakening gold's function as a store of value.

The decline of the US dollar is often related to inflation, stock market downturn, etc., and gold preservation and speculative demand tend to rise at this time.

However, this is people's general direction of investment cognition, and long-term investment can be operated accordingly. In the case of short-term operation, it is not necessarily, there are many ways in this, and it is difficult for ordinary investors to grasp.

Andrew doesn't care much about the report released by the Federal Reserve, he has memories of his past life, so he has his own investment ideas. It will not be disturbed by the news from the outside world.

But others were still affected. For example, Shen Bi. That night, he learned about it through some special channels. His rival Charlie has reached an agreement with Jardine Matheson's top management. The fund they cooperate with will close all the sell orders held in their hands from tomorrow and reverse the long orders.

After getting the latest investment strategy of his competitor Charlie, the next morning, Shen Bi specially informed his friend Andrew, and asked by the way to find out if Andrew's investment ideas had also changed.

For his old friend Shen Bi to explore investment ideas, Andrew still explained in detail. His investment philosophy will not change for the time being, and he will continue to hold sell orders until the middle of this year.

Moreover, he also comforted Shen Bi. told him his predictions:

This time, affected by the news, New York futures gold, in price, will fluctuate slightly up. And in terms of time span, it is very likely to be about two months. In the first quarter of the United States, before the release of the economic report, it is estimated that it will fluctuate sideways.

But the rise will not be large, and it is estimated that it will rush to $140 per ounce, which is almost the peak.

So, you don't have to worry, I know the investment situation of futures gold. As for your competitor Charlie, they decided to reverse the long order, which is a very risky move.

With Andrew's affirmative comfort, Shen Bi was also relieved. Looking back, I was a little anxious. Not to mention Andrew's past successful investment experience, even the value of the futures gold sell orders he holds is also hundreds of millions of pounds.

Andrew, who has hundreds of millions of pounds in his hand and sells futures gold, is not in a hurry, but I, Shen Bi, am so anxious to get angry, and I specially came to inquire about the investment situation of futures gold. As the Chinese saying goes, the civilized translation is: "The emperor is not in a hurry, but the waiter is in a hurry." ”

has dealt with Shen Bi's concern, and under his influence, Andrew has also suffered a little bit of gains and losses. Could it be that the market of futures gold will really change?

Andrew took a few deep breaths and forced himself to calm down. Take out all the information collected from last year to the present in terms of gold futures and take a fresh and comprehensive review.

As the morning passed, Andrew took a fresh look at all the information he had collected on gold futures from last year to the present. The conclusions reached have remained unchanged. The price trend of futures gold, in general, is still in a downward channel. It coincides with the memories of his past life.

With this conclusion of a re-examination of the whole situation, Andrew's insistence from the bottom of his heart has been consolidated. Once again, I reviewed the trend of futures gold in the last three months, combined with the content of the economic report released by the Federal Reserve yesterday.

Andrew found that in fact, the Fed's report was just a summary of the economic situation in the last two months of last year. The effect of this embodiment was reflected in the futures market in early mid-November last year.

For his performance today, Andrew wrote a warning motto for himself: When making investments, we must adhere to self-judgment and prohibit the influence of others.

Let go of his apprehensive heart, Andrew, who was relaxed for a while, calmly examined his psychological journey this morning. It is found that this is an obvious manifestation of the herd mentality caused by public opinion.

This is where the Achilles' heel of ordinary investors lies! After examining this psychological process, it is found that Andrew's psychological realm has been greatly improved. As said in the martial arts novel, after the test of the verge of going mad, the mood is complete.

At noon, Raymond, who was far away in Dubai, called and reported on the recent progress of the Middle East investment bank's business.

At the end of the call between the two, Raymond revealed a piece of news. Andrew's Oxford senior, the second son of the Emirate of Dubai, Hamdan, may contact you recently to discuss the matter of entrusting investment.

Andrew was not too surprised that Hamdan came to discuss the entrusted investment with him. The economy of an emirate always relies on its own hematopoietic function to develop internally, which is not in line with Dubai's rapid development strategy. Going out, bringing in, and flowing water without rotting is the performance of a healthy economy.

On January 23, the day after the Federal Reserve released its economic report, the price of futures gold in New York was exactly as Andrew predicted. After rushing to the price of $138.5 per ounce in early trading, the momentum of the long market gradually weakened. After midday, futures gold prices began to fluctuate downward, closing at $138.2 per ounce. It rose $0.4 per ounce on the day.

On January 24, the all-day price trend of gold in New York futures centered on yesterday's closing price of $138.2 per ounce, making a slight range-bound consolidation, closing at $138.3 per ounce. It rose $0.1 per ounce on the day.

On January 25, the all-day price trend of gold in New York futures maintained the trend of a small range of shocks on the previous trading day, and the strength of the long and short sides reached a balance point. It closed at $138.3 an ounce. Unchanged from the closing price of the previous trading day.

After looking at the futures gold price trend in the past four days, Andrew was completely relieved, and as expected! The momentum of the futures gold price rise was even weaker than Andrew predicted.

It seems that the power of long futures gold is insufficient! The next futures gold price trend will be in the shock consolidation, slowly downward.

On the morning of January 26, Shengli Securities' Gold No. 1 Investment Fund was approved. At 2 o'clock in the afternoon, Shengli Securities invited relevant media, held a simple press conference, and presented the prospectus. This means that the Gold No. 1 Investment Fund will enter the fundraising subscription stage.

On Saturday, January 27, at 9 a.m., the pre-sale activities arranged by the Gold No. 1 Investment Fund opened. With the careful preparation of Henry and Peter, the pre-sale of the Gold No. 1 Investment Fund was carried out very successfully.

During the all-day pre-sale of the fund, investors subscribed for a total of HK$220 million in fund shares. In the evening newspaper and television evening news, it was reported in a key way.

Among them, several predator investors who are well communicated by Henry and influential among investors are all cooperating on camera and appearing on TV to publicize the benefits of buying Gold No. 1 Investment Fund.

Peter's plan to "follow the trend" is starting to take off.

At 9 a.m. on Sunday, January 28, the official fundraising subscription of Gold No. 1 Investment Fund opened. Due to the influence of public opinion reported by the media last night, after the official fund-raising subscription opened today, many ordinary investors were very enthusiastic about subscribing to the fund.

In today's official subscription offering, investors subscribed for a total of HK$180 million in fund shares. In the newspapers and television news of the day, there were many key reports.

Peter's plan to "follow the trend" is starting to blow in the wind.