Articles NewsFlow La Cote de l’or et de l’argent Market Briefing

Recevez notre Marketbriefing

user4779
Membre depuis décembre 2014
48 commentaires - suivi par 1 personne

1 abonnées

A laissé un commentaire sur l'article :

Gold-Futures Short Covering - Adam Hamilton - Zealllc

Five stars for this well-written article which so clearly explains the dynamics of the market in gold futures. The synthetic volatility generated by speculators in this market provides a free lunch for long-term accumulators of the metal in two ways: (1) the artificial price movement created by their activity boosts the natural volatility to a level that deters safety-seeking investors (who do not perceive the fake, mean-reverting, component of the volatility), and thus removes some price-supporting demand from the market; (2) the extra oscillation allows below-average cost of acquisition---even, at a minimum, by the mindless strategy of dollar-cost averaging. (Currency-cost averaging yields no advantage in trading a pure Wiener process with no mean-reverting component.)

Commenté il y a 3505 jours

envoyer

Début de l'article :Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar. With investors missing in action, gold prices remain totally at the mercy of American futures speculators. These perpetually-bearish traders are once again heavily short gold, which has led to sharp short-covering rallies in recent years. The latest one has just started... Lire la suite

Répondre à ce commentaire

Vous devez être connecté pour commenter un article

8000 caractères max.

connectez-vous ou inscrivez-vous

LES PLUS LUS

L’État français va devoir maigrir un grand coup - H. Seize - Hashtable

Le rallye de l'or et de l'argent s'estompe alors que les réductions de taux de la Fed rebondissent sur les données d'inflation de l'IPC - Adrian E. Ash. - Bullion Vault

Articles les plus commentés

Plus...

Services

	Nos flux RSS		24hGold Mobile
	Gold Data Center		Convertisseur Or Argent
	Pièces d'or sur eBay		Pièces d'argent sur eBay
	Minières : outils techniques		Minières : outils d'analyse fondamentale