Time:2024-04-11 Click:67
Recent months have been a hot period for gold, with capital pouring into the gold sector in pursuit of profits. Both the stock market and the crypto market are investing in the gold market, and as a result, the prices of precious metals and non-ferrous metals such as silver and copper have also begun to rise. By observing the trend of London gold, it can be found that this wave of market has been brewing since 2020 and has continued to rise along the path of least resistance, consolidating around 2000 for two years until a breakthrough was completed last month. This breakthrough is likely to be an annual-level market breakthrough, and once it starts, it is unlikely to fall back.
It is crucial to seize the opportunity of gold's breakthrough. With the downturn of the real economy in the late stage of the epidemic, speculative funds began to rise in society. At the same time, affected by fundamental factors such as global inflation, prices have risen rapidly. As the only consensus currency in the world, the rise of gold has become an inevitable trend. After four years of accumulation, a wave of large-scale bottom accumulation has been completed. After two years of accumulation and exploration, the real breakthrough is now unstoppable. In the next two years, other non-ferrous metals and precious metals will also follow the pace of gold and usher in a rise.
For the futures market, the threshold is high, and some categories require at least 100,000 yuan to start, so it is difficult for a person to earn more than he knows. For those who don't understand, it is better not to get involved in the futures market, because compared with the cryptocurrency market, the futures market lacks some "excitement". Therefore, it is better to focus on the areas you are familiar with and don't blindly try other markets. Here, I just briefly introduced the issue of market capital flow. For investing in gold, physical gold has more advantages than spot.
The capital market is like a closed place. When the heat rises in one aspect, the funds in the other aspect will decrease accordingly, and a slippage phenomenon will occur. This is in line with the law of conservation of mass in physics. Bitcoin and gold soared at the same time, but there was a pullback at a critical point. The heat of gold caused short-term capital outflows in the cryptocurrency field, which is a normal phenomenon. Similarly, the slippage of altcoins can also be explained. When gold faces the pressure of 3,000 ounces, the cryptocurrency field may become hot again, and funds will continue to flow between different assets, forming a clear rhythm.
In the cryptocurrency world, Ethereum is like gold, while other tokens are like silver. Gold has a high premium, while silver is just getting started. Just like there is only one champion in the world, people may remember the world champion of a certain event in a certain year, but will never remember who the runner-up is. The same is true for the trading market, especially now that Ethereum's trend can be described as a turtle's pace. In this case, it may be wiser to transfer to other tokens than to hold Ethereum all the time.
Finally, every trader has his own sword to slay the dragon, but under the temptation of the market, most people use this sword to catch earthworms instead of slaying the dragon. As a result, this sword becomes useless, just like scrap metal. What's even more ridiculous is that when you want to sell the scrap metal, the person who buys it will bargain with you.