Gold price down more than 2%, Is It a buying opportunity？
The macro background of the current financial market has undergone fundamental changes. The monetary policies of the two major economies of China and the United States are moving in a monetary loosening direction.
Whether it is negotiated or purely coincidental, the introduction of this policy will never end in a short period of time. For commodities, inflation sentiment will It will gradually increase. Therefore, when precious metals adjust, agricultural products will rise in succession, so everyone must be clear about the current investment rhythm.
1. Agricultural products enter a rising month
June is a critical month for U.S. soybeans and U.S. corn. The acreage report will be released at the end of the month. At the same time, North American planting will also be affected by the wind, water and grass of the weather, which will stimulate market sentiment, so we must pay close attention.
Before the release of the planting area report in June, agricultural products will also maintain a strong trend, and short-term pulses may occur. Friends who pay attention but have not got in the car can intervene in a small amount in US soybean and US corn futures.
Because the planting cost lines of U.S. soybeans and U.S. corn are 1,200 cents per bushel and 450 cents per bushel respectively, the current futures price has not deviated much from the cost price, so the stop loss line is very clear, and you can track the market in a small amount.
Under the loose macro background, the cost of trial and error is not high, just control the position and hold the position, and consider adding the position when the news is clearer.
2. Metal market?
It is a common situation in the process of metal rising that it rises continuously and then falls rapidly and sharply at a high level.
At present, there is no particularly important news on the fundamentals, so it is too early to judge the reversal, and it is likely to be just a pullback/retracement in the middle of the rise and an opportunity to get in the car. Relatively speaking, the time window characteristics of precious metals are clearer. Based on gold, the end of this month will be an important time point for precious metal prices. If the price is high, it is easy to usher in stage adjustments; If the price is low, it will be an intervention point during this wave of rising.
Judging from the adjustment range of precious metals last week, it is possible to continue to drop next week (preferably), and the drop may be relatively large, but after the drop, it will be a good opportunity to buy bottoms and get in the car. As for this round of rise, it is estimated that gold is not the main force. Even after the expectation of interest rate cuts was fully reflected, the high price of gold fell back. However, silver will likely break away from the constraints of gold prices and get out of its own independent unilateral market.
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