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