To The Moon

For a long time, natural gas supply and demand have always been closely related to winter demand, showing seasonal characteristics. Historically, as homes and industries have increased their heating needs during the colder months, the demand for natural gas has surged, driving its price soaring. However, recent market dynamics suggest that volatility in natural gas is no longer limited to winter. As summer approaches, a number of factors are beginning to influence the market, suggesting that our view of natural gas seasonality needs to be changed.Demand patterns are changingIncreased power generation consumptionThe increase in natural gas for power generation is an important driver of demand during the summer months. As the world shifts to cleaner energy sources, natural gas is often seen

Thanks to the fund reallocation triggered by the steep drop in U.S. tech stocks, gold equities have recently surged, with $VanEck Gold Miners ETF(GDX)$ climbing 10% so far this month, albeit lagging far behind the surge in gold prices.Over the past three years, $SPDR Gold Shares(GLD)$ has surged over 30%, while VanEck's fund has only gained 11%. However, if precious metal prices continue to rally, this narrative could shift.Earlier this month, gold prices hit an all-time high of $2,462 per ounce, pulling back slightly afterward but maintaining a solid outlook. Firstly, the looming U.S. election uncertainty fuels gold's safe-haven demand. Meanwhile, Trump's policies, including hefty tariffs and significant t

While the producer price index (PPI) released on Friday exceeded expectations and put some pressure on the precious metals market, gold $Gold - main 2408(GCmain)$ prices closed firmly at $2,400 an ounce for the second week in a row, just 1% away from their all-time high. Analysts believe that gold's consolidation phase is coming to an end, and another record high is possible in the near future.Robert Minter, director of ETF strategy at abrdn Inc., said：The June CPI report showing a significant cooling in inflation, coupled with Powell's dovish remarks in his congressional testimony, were the two factors driving the long-awaited rally in the gold market. With the labor market slowing, the Fed needs to act now. The CME FedWatch tool shows the ma

As of July 9, the Nikkei 225 Index and TOPIX Stock Price Index Futures (TOPIX) hit record highs of 41,769.35 points and 2,907.21 points respectively. The resumption of the Japanese stock market's rise is basically consistent with the cycle of the resumption of the yen's decline against the US dollar, which means that the depreciation of the yen not only reflects the weakness of the Japanese economy, but also reflects the favor of international capital against the Japanese stock market, and shows that the decline of domestic performance of Japanese companies caused by the slowdown of the Japanese economy is not enough to reverse the momentum of overseas profit growth of Japanese companies.It is rare in history that this round of Japanese stock market record high deviates from Japan's econom

Silver $Silver - main 2409(SImain)$ prices have retreated to $31.033 an ounce this week, but analysis by Fawad Razaqzada, market analyst at StoneX Group, suggested that prices could rise above $35 an ounce this summer. Silver prices rose about 7% last week, the biggest weekly gain since mid-May.Razaqzada pointed out:The weak U.S. economic data raised market expectations for the Federal Reserve to cut interest rates in September, the dollar weakened against a basket of foreign currencies, and the French election concerns, silver prices broke out of the consolidation last week.Despite a weak start to the week, gold and silver still have a lot of room to rise, he wrote in a note. He said that "buying the dip" remains his preferred strategy in the

Precious metals analysts at leading precious metals supplier Heraeus said that the possibility of Trump winning the election in November is prompting global investors to consider turning their eyes to $Gold - main 2408(GCmain)$ , as both gold and $Silver - main 2409(SImain)$ prices stand to benefit from tariffs and trade disputes.In Heraeus' latest precious metals report, analysts noted that Trump's second term could push global investors to deploy some of their money in gold.Investors sought gold as a safe haven asset. Global ETF holdings increased from 71 million ounces at the end of 2017 to 86 million ounces at the end of 2019, and U.S. ETF holdings increased from 37 million ounces to 44 millio

Over the last five days, while the $S&P 500(.SPX)$ dipped 0.17%, and tech stocks took a steeper dive, down 2.23% in the $Technology Select Sector SPDR Fund(XLK)$, the energy sector was like a rocket, soaring 2.20% in the $Utilities Select Sector SPDR Fund(XLU)$.Let's talk about some of the big winners. $Baker Hughes(BKR)$ shot up 7.25%, $Exxon Mobil(XOM)$ gained 4.60%, $Diamondback(FANG)$ and $Marathon Oil(MRO)$ both surged 4.28%, and $EOG Resources(EOG)$

The RMB exchange rate fell to a new low in seven months. What's the next?A few days ago, the dollar continued its strong performance against the renminbi in previous months. On June 26, as the the US Dollar Index soared, the exchange rate of the offshore RMB against the US dollar fell below 7.30 intraday, and the lowest point hit 7.308878. This is the first time since November 15, 2023 that it has broken through the above-mentioned mark.As of 07:00 on June 27, the offshore RMB exchange rate against the US dollar temporarily rose to the level of 7.298813, but the market is cautious about the prospect of a rebound in the RMB exchange rate. Why has the exchange rate of RMB against the US dollar declined recently? In fact, this phenomenon is caused by the interweaving of multiple factors.Chart

After a sharp drop from mid-April to May, international crude oil stopped falling and rebounded in June.Looking forward to the market outlook, we believe that the crude oil market will usher in several positives: the summer U.S. car travel season will drive gasoline consumption, the U.S. will repurchase crude oil to replenish strategic reserves, the possibility of the Fed cutting interest rates in September will increase due to cooling inflation, and China's economic recovery will bring import demand in the third quarter pick up. The risk factor is that OPEC's resumption of production exceeds expectations, leading to a sharp rebound in supply.Short-term supply contraction, medium-term or recovery expansionIn the second quarter of 2024, global crude oil production will continue to shrink. A

From April to early May, after the price of gold hit a record high, it began to enter a shock adjustment.Three major factors lead to short-term adjustment of goldSince late May, gold has undergone significant adjustments. The adjustment pressure mainly comes from three aspects: First, the risk aversion sentiment has cooled recently, and the US dollar liquidity problem that the market was worried about has not yet appeared. However, the safe-haven demand for gold has not yet increased. Since late May, the price of gold has adjusted sharply, but the VIX index, which reflects market panic, has not risen sharply, and remained at a low level of 13.11 as of June 3. Looking back at history, the VIX index broke through 20 to correspond to panic in the market, and the price of gold will be boosted