tiger_cc
2023-04-06

I noticed a message on Weibo that a top fund manager on Wall Street warned that Morgan Stanley's short position in gold derivatives may exceed the bank's total assets.

First, I am not sure about the authenticity of this news.

Second, I believe that this news is not entirely groundless, as there must be a reason behind the rumor.

Third, in my opinion, some financial institutions on Wall Street are being pressured by high-level government officials to suppress the price of gold. Otherwise, with the amount of gold purchased by various countries last year, gold would have already reached a historical high.

Fourth, if this news is accurate, there is a high possibility that Morgan Stanley will be surrounded by other major players in the world, and gold may skyrocket.

Fifth, even if this information is false, it cannot stop the slow bull market of gold.

$Shandong Gold Mining Co.,Ltd.(600547)$ $Yintai Gold Co.,Ltd.(000975)$ $SSE Comp(000001.SH)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • powerbert
    2023-04-06
    powerbert
    I miss the boat to buy gold, I don't know now still can go in to buy or not.
  • jerwy
    2023-04-06
    jerwy
    oh
  • Ck38
    2023-04-06
    Ck38
    Iki
  • justforcoins
    2023-04-06
    justforcoins
    k
  • jingsheng
    2023-04-06
    jingsheng
    ok
  • YSTX
    2023-04-06
    YSTX
    Ok
Leave a comment
6