cashpoker| Gold prices ride on rockets, why do you advise you to pay attention to colored colors? Sichuan Gold and other three stocks hit the daily limit, Zijin Mining hit a new high, and the leading non-ferrous metal ETF(159876) surged by 4%!

Fasten your seat belt and take off again!

Today (May 20), the non-ferrous metals sector regained its soaring momentum. The purple gold industry of "Tongmao" rose 4% angrily, and the stock price was listed at a new high (19.Cashpoker.79 yuan), Sichuan gold, silver non-ferrous, Societe Generale silver and tin hit the daily limit, and the non-ferrous metals leader ETF (159876), the leading non-ferrous metals industry, plunged 4.16% in intraday trading.

In terms of funds, the non-ferrous metals sector received a net inflow of more than 5 billion yuan, ranking first among 31 emergency-level industries. Northbound funds also increased the position of non-ferrous metals plate, last Friday (May 17) Luoyang molybdenum industry, Tongling Nonferrous, Zijin Mining and other non-ferrous metal plate leading stocks, respectively, northbound funds increased positions of 126 million yuan, 113 million yuan, 72 million yuan.

On the news, the intraday price of COMEX gold reached $2445 / oz today, rebounding to an April high, LME copper continued to explore a new high ($11104.5 / ton), and LME basic metals (copper, aluminum, nickel, lead, tin, etc.) continued their upward trend last Friday, rising across the board.

First, why are precious metals such as gold soaring?

Recently, the United States announced that the April CPI data fell, inflationary pressure eased, and domestic real estate policy ushered in an epic positive. With regard to the geo-conflict in the Middle East, a helicopter carrying Iranian President Leahy had a "hard landing" yesterday. Since the outbreak of the Palestinian-Israeli conflict on October 7 last year, the death toll in the Gaza Strip has reached 35386. The number of injured reached 79366.

Soochow Futures said that the macro aspects at home and abroad are improving, the superimposed geopolitical conflicts are happening again, and the precious metal plate is running strongly.

Second, why gold is skyrocketing, it is recommended to match some non-ferrous metals?

Take precious metal gold as an example, gold is often long and short, and when the market price is "the price of gold is on a rocket, January equals ten years." it is very difficult to accurately grasp the exact timing of entering and leaving the market, and to follow the trend of buying, there is indeed a risk of high correction in the short term. But from the perspective of long period, hold on for a long time.CashpokerCan often eat the benefits of multiple asset allocation.

(1) combined with the recent market, it is found that the non-ferrous metals sector has benefited from a number of different industries:

1. The real estate sector is hot, and the demand for repair of the real estate chain is expected. The applications of copper in real estate are mainly wires and cables, copper pipes, etc.; the applications of aluminum in real estate are mainly doors, windows, curtain walls, etc. Zinc products such as galvanized and die-cast zinc alloys are mainly used in construction keels, etc.

2. the demand for new energy vehicles has increased greatly, and the lithium battery factory has expanded rapidly, which is good for cobalt, nickel and other lithium raw materials.

3. With the boom of low-altitude economy and the upgrading of military informatization, non-ferrous metals benefit as part of the national defense industry chain.

(2) as a kind of commodity, non-ferrous metals have low correlation with stocks and bonds.

According to the Warburg Securities research report, the correlation between COMEX gold and Prev is only 0.02, and the correlation with CSB convertible bonds is only-0.01, which means that if stocks or bonds fall, non-ferrous metals will not fall together, "the east is not bright in the west", the realization of "eggs in multiple baskets", so that the investment portfolio becomes more robust.

According to public data, according to the caliber of Shenwan's third-tier industry, copper, aluminum and gold are the top three major industries in the CSI non-ferrous metals index tracked by ETF (159876), accounting for 24.1%, 16.7% and 14.7% respectively, accounting for more than 50%. It is expected to benefit from the rally in gold, as well as from the commodity rally cycle.

Sources of data and charts: Wind, Shanghai and Shenzhen exchanges, Warburg Fund, etc.

Note: the rise and fall of the CSI Nonferrous Metals Index in the past five complete years is: 2019, 24.48%; 2020, 35.84%; 2021, 35.89%; 2022,-19.22%; 2023,-10.43%.

Risk tip: non-ferrous leading ETF (159876) passively track the CSI non-ferrous metals index (930708.CSI), the index base date is 2013.12.31, the release date is 2015.7.13, the composition of index stocks is timely adjusted according to the rules of the index, and its historical performance does not predict the future performance of the index. In this article, the index stocks are only shown, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund assessed by the fund manager is R3-medium risk, suitable for balanced (C3) and above investors, the appropriate matching opinions should be based on the sales organization. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.