The following is the information about "light warehouse trading" compiled by Ling Feng Precious Metals. Position: that is, how much gold is held. Light positions are mostly measures to reduce positions in advance to cope with possible changes in the market and avoid risks when the development direction of the market outlook is unclear or when it is predicted that the market may have a correction. In case of market correction, it can reduce losses and buy more gold at a low price. Light warehouse: the share of funds invested in buying gold accounts for a small proportion of the total amount to be invested, that is, there are more surplus funds, a large proportion of cash holdings, and gold funds account for less than one-third of the total funds. Corresponding to the light warehouse is the heavy warehouse, that is, holding more gold and little cash left. Man Cang: In other words, all the money was bought in gold, and there was no cash left. Positions are also applicable to other investment markets such as futures. The above contents are provided by Ling Feng Precious Metals for reference only and do not constitute any suggestions for spot gold operation or spot silver operation.