The first to land was not a “shelter”, but a flight of $38 billion in 28 minutes. The price of the gold store was lowered twice a day, and it was still looking for a lower point after it fell by 4,500。
Let's see the price tag. Many gold shops offer a price of $50 per day for gold and more than $100 per week. The pencil marks in front of the cashier are still dry and have to be crossed again (sinhua, daily economic news)。
The same thing was said on the screen — london cash fell by $4,500 per ounce in one week, creating the most violent short-term drop-off in nearly four decades (high frequency disk data and xinhua). The shanghai gold exchange at one point dropped its spot price by $1,000/g (new kyoto)。
Money's changed direction. On march 19, wang guangzhou took 20 grams of gold bars and lost nearly $2,000 for three days; people fell and bought them deeper (the daily economic news)。
In the old experience, the situation in the middle east is tense, oil prices are rushing upwards and the risk zone should flow towards gold. But this time the money went to the dollar, and the dollar index crossed 104 (sinhua, etc.) and changed the scale of the ruler, and the price of the gold came under pressure。
The explanation is less than half: in march, the federal reserve was expected to be downgraded to 2. 7 per cent of inflation in the year, with the implication that interest rates would still be considered if necessary (high-value additional information). The opportunity cost of interest-free assets has been raised and the short board of gold “takes it in hand” amplified。
Institutions move faster than emotions. The hedge fund lost more than 23 per cent of its gold in one breath, threw about $38 billion in 28 minutes, and the proceduralization ended with “more killings” and prices shifted from steps to slopes (sinhua, neglected beauty)。
Passive funds are also released. The world's largest gold etf - spdr gold trust - reduced its weekly hold by 14. 17 tons to 1056. 9 tons and accelerated (historically) the withdrawal of liquidity。
Domestically, there was a resonance: gold futures fell by 7 per cent over three days and gold t+d fell by more than 5. 5 per cent a day (sinhua). On the same day, different markets pointed to the same gap — the term “risk avoidance” — and “where the funds go”。
It's not the first time. In 2013, the international gold price fell from 1,700 to $1,200 per ounce, after being set aside for six years, until 2019 (new kyoto). In the same words, different results are at the difference between the interest rate and the united states dollar。
There's another one that's more subtle: to wear "the face" as "the worth of living." jewelry gold, ancient platinum containing between 30 and 50 per cent of the work and brand premium are bought at that point of time at the back of the cost, and the discount is folded when it is realized (sinhua)。
At the household level, gold is more like a “shock-mitigator” than an “engine”. The ratio is 5 to 10 per cent. Priority banks invest in gold bars and gold etfs, far from leverage, and do not go up and down; short-term captors do not go blind and long-term holders wait (sinhua, daily economic news)。
The camera pulls back the stitch: the surface is tense, the dollar is getting stronger, the price of gold is falling back, the word “shelter” is still hanging in the middle of nowhere, but not in the position of gold。
Rewind the details: the price plate fell by 4,500 a day; the dollar broke by 104 and more than 23 per cent of the hedge fund threw $38 billion in 28 minutes; spd was 14. 17 tons less that same week, and the coinciding with t+d collapsed. The watch is still called "risk," and the real money is the dollar and interest rate, and those who were taught once in 2013 in the books, this time in the same words, went to different ends -- – so the term “risk avoidance” becomes a misdirection of the term and the path, which have not been matched so far. So, when the gold store changes cards for the third time, will that “risk avoidance” drop in your heart change
