Anyone surprised, please raise your hands. And yes, it was fun when margin were hiked only on surges in the various futures contracts. Now, dumps works just as well. The logic, of course, is that gold shorts are also margined. However, judging by the immediate $15 drop in gold upon the announcement, those who are short the metals certainly have a much, much bigger balance sheet and cash hoard to satisfy any collateral requirements than those long. Next: expect the Shanghai Gold Exchange to hike margins in a few short hours once China wakes up and looks at overnight PM prices in horror.
當年Hunt Brothers 炒白銀炒到破產是因為佢地不只買入實銀, 還炒期銀和借貸, 所以有位俾美國政府入, 大量沽銀, 拉起期貨按金和銀行追數 !
所以一路叫人唔好借錢, 訓身買實金銀或炒紙金紙銀 !
點解本人唔俾大跌市嚇到如當年97金融風爆的股市 ?
是因為受過當年的教訓, 用80%流動資金入市, 而手上又還有按揭沒清, 而依家買實金實銀, 只用咗流動資金的 40%都無, 而手上無任何借貸 !
98年樓市大跌時, 樓價由高位跌咗一半有多都沒驚過, 因為在股市止蝕後, 手上資金可以cover到按揭 ! 所以炒乜都好, 一定要有足夠的財力 !
3 則留言:
Couple (?) years ago, 傳聞 "中xx富的主席看好澳洲元，可惜澳元不斷地被沽壓。中xxx巨虧，就虧在美元對澳元匯率漲了；可是，之後澳元果然大升..........."
佢買衍生工具, 唔想輸都幾難, 因為paper市場專劏人的 !
True.
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My two cents (I could be wrong):
It seems to me that the quantity of the QEs weighs more significantly than the quantity sum of the precious metals market; I wonder if the washout and/or price drop has come to an end yet……
By the way, I agree with the comments you have been making.
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