According to Purple Moon, some time ago, the price of gold and silver fell sharply, for example, domestic gold futures from January 9, 2008 after the opening of 230 yuan, all the way down to October 24 149.40 yuan, I don't know how many long gold bulls have been crushed. After that, gold futures began to rebound sharply, and by January 22, 2009, it had risen to 186.61 yuan, an increase of nearly 25%.

That is to say, if you buy the bottom in the area of 149 yuan, and insist on holding a light position, and go long all the way, in three months, you can get at least 25 times the return!

If you buy 100,000 yuan of gold futures, then in three months, you will get a profit of 2.5 million yuan!

It is precisely because of such a sharp rebound that this kind of high-leverage precious metal investment has become a hotly discussed investment product, and at the same time, illegal underground gold trading has also begun to become popular, and many retail investors who are immersed in this dream of getting rich have begun to enter gold futures, and finally broke out a lot of huge losses.

The strange thing is that these people often do the right thing, that is, insist on going long, but end up with a lot of losses.

A reporter investigated this kind of underground gold trading in depth, and finally unveiled the shady.

One of the most attractive fanfares for these "underground golds" ⊕+, which is to offer leverage of 100x or even more. Therefore, those salesmen will say, this is T+0 trading, you can go long or short, whether it is up or down, as long as you do the right direction, you can make money, and as long as the price of gold fluctuates by 1%, you can earn 1 times!

This kind of talk sounds tempting, but few salesmen will warn retail investors. A 1% drop means nothing to lose.

In the futures market. There are indeed masters who can synthesize all kinds of information. It is relatively accurate to judge the general trend for a period of time in the future, but almost no one can accurately predict what will happen to gold futures in the next minute, except for those bookmakers.

This also means that when you buy or sell gold, whether it will rise or fall in the next minute is basically a random event. You can't control your fate.

After amplifying to 100 times leverage, the volatility of the assets in the account is also magnified by 100 times, and subtle random fluctuations may form a tragic result of liquidation.

What's even more terrifying is that most of the "underground gold disks" are invested in overseas markets such as "London Gold", in fact, the vast majority of "black disks" do not report your orders to London, but use virtual funds to bet with you.

These people are known as underground black villages.

The reason why the underground black village dares to bet so boldly with all investors is that it recognizes one point - under 100 times leverage, regardless of whether it judges the trend or not. The vast majority of people will end up with a liquidation.

100x leverage means that as long as there is a 1% fluctuation, someone will be liquidated. Gold and silver fluctuate dramatically, and fluctuations of this magnitude are common in trading. As long as the investor liquidates the position, all the money is made by the "black market". Moreover, no matter how many times an investor does it right, as long as one of them goes in the opposite direction, they will lose everything and lose all their money.

People who do stocks often use "I am full today" to express that they are optimistic about the market outlook and are willing to take the greatest risks. Under 100 times leverage, using all the funds to open a position in gold futures means 100 full positions, and the risk difference is 100 times! However, under the illusion of retail investors who are used to stocks, they will think that these two situations are the same, but they are just full positions, which is also the reason why many novices have huge losses. Because although they do not have a full position operation, they often leave half or two-thirds of their funds as a backup margin, and they mistakenly think that they are safe enough, and as a result, once the price of gold, which is usually stagnant, fluctuates violently, the vast majority of retail investors will blow up.

For example, since the rebound in gold prices at the end of 2008, in gold futures, there have been several times when the price rose and fell by 2% in two or three minutes.

What's more, the futures software provided by these underground black villages often has problems, and it is almost impossible to buy and sell in the case of violent market fluctuations, deliberately making customers lose money.

In addition, there is a more sophisticated scam - the reporter reported that there was once a retail investor named Li Xiang, who later checked the transaction records and found that his account had made more than 170 transactions in just 3 months, and the commission for each lot was as high as $110. After a rough calculation, of the 160,000 yuan he invested, about 100,000 went into the pocket of a company called a treasure trove.

According to the reporter's adjustment, this treasure trove company will generally "change the price of gold changes quickly, and the funds can be operated by the company's professionals to grasp the market more accurately", so that customers can directly hand over the account and be kept by the company, so that the company's investment advisers will frequently trade in order to obtain customer commissions.

In fact, most of these investment consultants have graduated from junior high school or high school, have no professional knowledge at all, and do not have the qualifications of investment consultants. They operate their clients' accounts with impunity, just for a share.

This is because all investment advisers do not have a basic salary, only business commissions, and employees will earn 70 yuan for each transaction made by the client.

Since it is a T+0 system, it can be traded countless times a day, so it is too easy for these employees to make money. Once they have their hands on the investor's account, they keep trading, and the more they trade, the higher their income. As long as the employee is bold, it is possible to trade more than 100 times a day, so that he can earn nearly 10,000 yuan a day.

The person in charge of the company will also encourage employees to help customers make more transactions, after all, no one dares to offend the boss when working in the company, and the more transactions, the higher the employee's own income.

Of course, in fact, only a small part of the money sent to employees is paid, and most of it goes into the pockets of a treasure trove company. For example, many transactions made by a treasure trove company for Li Xiang were actually wrong and lost money, which was also the main reason why Li Xiang's 160,000 yuan was quickly lost.

Moreover, although the price of gold is synchronized with the international market, in fact, these funds are only traded in a closed circle and do not enter the international market at all. It's just a bet between black banks and retail investors. When this scam is exposed or a customer's account is significantly profitable. Underground black banks often close and cancel customer accounts. Flee after looting money, or change the name of the company and continue to deceive.

"My friend didn't pay attention to this, so he went into the underground gold market to play the thrill. Although he has always been cautious and has been very successful for a while, I estimate that he has made too much profit, and he has also been targeted by the black village, giving him false information, such as telling him that the war in the Middle East will be rekindled. Gold is about to rise sharply, allowing him to take a heavy position long. So he took an unprecedented long position, but after a few days of gold plummeting, he liquidated his position, owed a lot of debt, and finally jumped off the building. ”

Purple Moon sighed, "When investing, the first thing to consider is risk, and you have to think of the worst outcome!" Excessive leverage can make the investment lose its original social meaning and value, and become a real gamble. Stay away from the gambler's mentality. In order to look at investment rationally! So, I do futures though. But I will always only take a very small position to do it, such as 1 million cash, I generally only take 100,000 yuan to do it, or even only 10,000 yuan to do it, so that it is not easy to be pitted. Although the returns are also reduced, the risks become smaller, the mentality becomes better, and making money is a matter of course. Remember, following the trend, light positions, and heavy positions will die, this is the only rule of the futures market. The so-called heavy position will die, not that you will die once you have a heavy position, but that if you get used to a heavy position, you will definitely die. Even if you get it right 99 times out of 100 times, it's useless, if it's wrong once, you'll die, and that's an event that definitely happens! ”

"Understood." Ding Xu let out a long breath and said gratefully, "I want to make gold." ”

"Damn, dare I tell you in vain?" Purple Moon almost squirted a sip of tea on the monitor.

"Moon, you misunderstood what I meant, I mean, I want to be a gold stock." Ding Xu said with a smile, "Because gold has bottomed out and rebounded, gold futures continue to strengthen, but gold stocks have not risen much in this round of rebound, lagging behind futures, so I think this is an opportunity!" ”

"Well, that's right." Ziyue scratched her head and said with some confusion, "It's just that I'm used to futures, and I'm not used to stocks, so I really can't understand gold stocks." ”

……………………… Dividing line ...........................

(The following is part of the content of the plate homework on May 26, the main dish is a blog post by Mr. Tamana, and the side dish is a supplementary point of view for the board, just for your reference to my thoughts:

Last night mentioned: "The Shanghai-Japan daily line MACD yellow and white line on the water golden cross released a red column, the Bollinger Bands began to open the bell, the volume can also be effectively amplified, more than one trillion, the average line is also a golden fork, the volume in the return of new funds, under the main force of the short, began to amplify again." Judging from the long-term weekly line, the red column of the Shanghai Composite Index has been expanding in the past two weeks, and the yellow and white lines of MACD have turned upward. From the monthly timeframe, the MACD and Bollinger Bands indicators are good, and the moving averages are also bullish. It can be said that after the current wave of strong rebound, the original adjustment of the broken technical indicators have been repaired, the long-term and short-term technical indicators for the better, forming a resonance, indicating that there is still a momentum to continue the rebound, and even if the main force is willing, it is possible to hit the 5000-point mark in one go. ”

And today, the Shanghai index momentum like a rainbow, following yesterday's breath through the 4700, 4800 mark, today and through the 4900 point mark, as I predicted in the morning, in the rush to 4900 points when there was a significant dive, but the end of the market again rose, standing on 4900 points, closing at 4910 points, the volume also hit a record high again, Shanghai and Shenzhen both exceeded one trillion, small and medium-sized board and gem also began to retaliate rebound, individual stocks rose significantly.

The market is so strong to carry out the third wave of the main rising wave, continuously forcing the bears to the upside, rolling the bears, to be honest, there are some hidden dangers. Because it rose too fast, it went from 4100 points to 4900 points at once, with a rebound of nearly 20%, and many stocks have not had enough time to show their performance. After all, it takes a certain amount of time to engage in the main rising waves.

From 2,000 to 4,000 points, these two thousand points are doubled. From 4,000 to 6,000 points, as long as it rises by 50%. And if it rises from 5,000 points to 6,000 points, it only needs to rise by 20%. If it continues to rise at this rate, it won't take long to see 6,000 points, and if it continues like this, it may not take long to reach 7,000 points. At this time, the registration system will not come out at least at the end of the year, and the bull market will be in danger of peaking. Therefore, if the rise is so crazy, it is easy to be cooled by the sprinkling of water by the regulatory layer. 6124 points may not be too obvious before, but if it hits a record high, this mad bull rhythm will definitely be greatly controlled, so that the bull market time and the time of the launch of the registration system are synchronized, and the goal of a financial power is truly realized.

As for sprinkling water to cool down, administrative measures are now used less, market-oriented measures are used more, and the most direct way for the management is to go to large-cap stocks, with China Nuclear Power in the front, Guotai Junan in the back, and Galaxy Securities mentioned yesterday. In the future, if it still rises like this, it may be listed in batches of large-cap new stocks, and directly engage in large-cap stock wholesale. For example, the legendary giant, the China Development Bank, according to the group, the tonnage will be several times that of PetroChina. There is also the railway company......

So to get to this position, many people are afraid of heights, want to reduce their positions, and want to clear their positions.

The 5,000-point integer mark should be a heavily defended area for the air side, and there should be a fierce competition here. At present, the Shanghai index daily indicator is still good, just far away from the 5-day line, but from the current Shanghai index 30-minute chart, there are still some divergences, constantly new highs, but the red column continues to shorten, the yellow and white lines are about to die, from this indicator, tomorrow may be adjusted first, consolidate the 4900 point mark, but the adjustment will not be too large, it should be a small fall after a strong sideways, around 4900 points and then finished. After that, it will hit the 5,000-point mark again.

Of course, if the main force is crazy enough and determined enough, it may also go directly. After all, such a large volume is here, we should be prepared with both hands and be mentally prepared, so that if there is an adjustment, we will not panic.

Let's watch the show quietly tomorrow and watch the duel between the bulls and the bears. (To be continued......)