A nuisance; A nuisance; bad news
COVID-19's global risk level has risen.
Breyer Seuss, Director-General of the World Health Organization, announced on 28th that the global risk level of the new pneumonia epidemic would be raised from "high" to "very high".
A world-renowned investment bank said: Precious metal futures, which have always been regarded as safe-haven assets by the market, suffered heavy losses on Friday. Palladium futures led the decline, falling 9% in the day, followed by silver futures, falling 6.7% in the day, platinum futures falling 5. 1%, and gold futures falling 4. 1%. The spread of the COVID-19 epidemic has led to the selling of the whole physical commodity market, which to some extent shows the threat of the COVID-19 epidemic to the global economy.
Damaged demand for silver
In the composition of silver terminal demand, industrial demand accounts for more than 60%. Solar photovoltaic cells are also an important part of the physical demand for silver. In 20 18, the photovoltaic industry alone accounted for 8% of the global demand for physical silver.
China is one of the largest photovoltaic markets in the world, accounting for more than one third of the annual installed capacity. China Photovoltaic Industry Association predicts that the production of photovoltaic products will not resume until the third quarter at the earliest.
CFTC significantly reduced its holdings.
Commodity Futures Trading Commission (CFTC): As of the week of February 25th, the net speculative long position of COMEX gold futures decreased by 2,665,438+07 lots to 230,484 lots, and the net speculative long position of COMEX silver futures decreased by 6,853 lots to 42,502 lots.
Lido news
US President Donald Trump said he hoped the Fed would intervene in the market as soon as possible.
Federal Reserve Chairman Bauer said: The COVID-19 epidemic poses a risk to economic activities. We are monitoring the development of the epidemic in COVID-19 and will take action in due course.
G: It is expected that the Federal Reserve will cut interest rates by 25 basis points in March.
After Powell's speech, according to CME's Fed Watch: Interest Rate Futures, the Fed will cut interest rates several times in the rest of 2020.
Powell's speech has a certain boost to the market. London gold rebounded nearly $25 in the short term.
abstract
At present, the global impact of the COVID-19 epidemic is gradually increasing, and the speculative atmosphere in the commodity market is obviously restrained. On the other hand, the Fed's interest rate cut in March is expected to continue to rise, and the fundamental situation is complicated. At present, we need to pay special attention to trading risks.
Related questions and answers: Why can't silver td do it? It is because the fluctuation of precious metals has become greater in recent years, and investors' risk tolerance is not enough. The exchange prohibits new account opening. Silver T+D is also called silver TD, T is short for transaction and D is short for delay. It can also be called silver deferred trading, that is, deferred trading. It is a silver investment business launched by Shanghai Gold Exchange in 2004 and officially opened to individuals in 2008. The product code is AG(T+D). Spot deferred settlement business in the form of margin, which is opened in a bank for a single transaction. The buyer and the seller conclude a sales contract with a certain percentage of deposit, and it is not necessary to settle in kind. Buyers and sellers can buy or sell according to changes in the market to close their positions. During the holding period, there will be a late payment fee of two ten thousandths of the total contract amount every day (the payment direction depends on the delivery declaration on that day). The silver deferred trading business has several obvious institutional characteristics, such as the margin system can enlarge the trading scale several times, the daily trading is a debt-free settlement system, and the t+0 system enables the trading to be bought and sold at any time, and the trading direction can be long or short. Investors who have just started to enter the market always feel that they should use up all their funds and strive to make full use of all their funds. But remember, you can only use 50% of your total assets at any time, even if you encounter a once-in-a-lifetime buying opportunity. There is no need to put all the funds into it to maximize the benefit of funds. It is necessary to leave enough funds to hedge and add margin to maintain a calm and peaceful mood. Operationally, we divide the investable 50% into four parts: 10%, 20%, 30% and 40%. Carefully build a position step by step, and don't guess by gambling. Many investors believe that the market is either falling or rising, as long as it is in the right direction, it is tantamount to uncertain gambling. However, practice has proved that there must be a plan before the extension of business, and it is forbidden to guess the market trend. Operationally, we first set up a trial warehouse with 5% of the investable funds, which is equivalent to sending scouts to test the reality during the war. After the forecast is realized, the main positions will be gradually established according to the share of 10%, 20% and 30%. If the actual situation is contrary to the forecast, the experimental position will be closed. Different from stocks, when operating silver deferred business, you can use the contrarian opening method. In the process of rising, the more you go up, the more you buy; In the process of falling, the more you fall, the more you buy.