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Speculation and a squeeze: A timeline of the roller coaster ride in gold and silver that ended in a crash

Speculation and a squeeze: A timeline of the roller coaster ride in gold and silver that ended in a crash

Gold and silver's $7 trillion wipeout delivers a painful lesson about risk

Gold and silver experienced a significant market value loss of approximately $7.4 trillion, highlighting the risks associated with perceived safe investments. The selloff was driven by a sudden contraction in global liquidity rather than fundamental changes in market conditions. Investors are urged to reconsider their hedging strategies, focusing on liquidity behavior rather than just asset class diversification. The distinction between price-sensitive and liquidity-sensitive buyers is crucial in understanding market dynamics during volatility. The current market signals caution, as liquidity remains fragile despite potential physical demand stabilizing prices over time.

Hong Kong stocks close | Hang Seng Index falls 2.23%, technology sector under significant pressure, precious metals plummet

On February 2nd, Hong Kong stocks closed lower across the board, with all three major indices declining and the technology sector under pressure. The top ten stocks by trading volume all closed in the green, reflecting short-term profit-taking pressure in the market. The pace of economic recovery and macro data have become the focus of attention, with an increase in cautious sentiment among investors

Hong Kong stocks intraday | The three major indices collectively fell, with heavyweight stocks like Tencent and Alibaba experiencing significant declines, while the AI sector showed independent market performance

In the Hong Kong stock market, the three major indices collectively fell, with the Hang Seng Index losing its recent high. The Hang Seng Tech Index and the National Enterprises Index also saw significant declines. The retail sector is under noticeable pressure, with major leading stocks lacking significant positive news, and institutional and investor sentiment is cautious. Tencent Holdings fell by 2.39%, and Alibaba -W dropped by 3.84%. Currently, there are no significant new positive factors at the macro level, and funds are focused on global risk appetite and the exchange rate of the Renminbi. The overall market performance is under pressure, awaiting external and policy-driven momentum

The main contract of Shanghai gold futures hit the limit down, with a decline of 16.00%