In the second week after the Spring Festival, the precious metal sector rose for two consecutive days, with the gold sector leading the rise. Stocks such as Western Region Gold Co.Ltd(601069) and Hunan Gold Corporation Limited(002155) rebounded. Institutional funds flowed into precious metals, gold and other sectors. According to the statistics of securities times · databao, the non-ferrous metal sector received a net inflow of institutional funds of more than 900 million yuan. In addition to industrial metals, rare metals, new metal and non-metallic materials and gold sectors received a large net inflow of institutional funds.
As a safe haven asset, gold and silver have risen steadily since bottoming on January 28. The gold index rose by more than 8% from January 28 to February 14, and the gold and silver futures also ushered in a sustained rebound. Comex gold and Comex silver rose by 3.49% and 4.67% respectively in the same period.
gold can effectively hedge against high inflation
Bockwar, chief investment officer of Blackley Consulting Group, a consulting firm, said he was optimistic about gold and silver. “From now on, either the Fed will tighten excessively and the economic growth will slow down, leading to the Fed’s re easing policy, which will be good for gold; or the Fed will tighten too slowly and the real interest rate will continue to be negative, which will be good for gold,” he said
Earlier, Goldman Sachs released a report that gold will become a defensive asset against high inflation this year, on the grounds that the growth rate of developed economies dominated by the United States is slowing, and high inflation will give birth to gold investment demand. At the same time, the recovery of emerging market economy will give birth to gold consumption demand. The bank’s gold price is expected to rise from $2000 to $2150 this year.
According to data treasure statistics, since 1990, the yield of us 10-year Treasury bonds has decreased, Comex gold futures has increased, and the latest price is close to the highest level in the last 30 years. According to the latest data, the price of gold futures increased by 3.5% compared with the end of January. Since the outbreak of covid-19 pneumonia, the global demand for asset hedging has been higher, and the price of Comex gold futures has increased by more than 300 US dollars per ounce compared with the end of 2019.
10 performance doubling concept stocks
increased position of northbound funds
Gold reserves are unevenly distributed. According to the data of the U.S. Geological Survey, the global gold reserves in 2020 were 53000 tons and China National Gold Group Gold Jewellery Co.Ltd(600916) reserves were 2000 tons, lower than those in the United States, Russia and other countries. In recent years, mining stocks have been making continuous efforts, with significant reserve competitiveness and concentrated release of performance.
According to the statistics of securities times and databao, there are only 11 gold stocks and 58 industrial metals (copper, aluminum and lead) in the A-share market, with a total market value of 1.36 trillion yuan. The top three market values are Zijin Mining Group Company Limited(601899) , Aluminum Corporation Of China Limited(601600) and Shandong Gold Mining Co.Ltd(600547) . In terms of market performance, seven shares have increased by more than 10% since 2022, Henan Shenhuo Coal&Power Co.Ltd(000933) , Dongguan Eontec Co.Ltd(300328) by more than 15%, and Western Region Gold Co.Ltd(601069) , Hunan Gold Corporation Limited(002155) by more than 10%.
Among them, Western Region Gold Co.Ltd(601069) has increased by nearly 14% since the beginning of the year. The performance forecast released by the company shows that the median net profit in the fourth quarter of 2021 increased by 104.02% compared with the same period in 2020. On Friday, the company announced the progress of fixed growth. It plans to acquire 100% equity of Aktau Kebang manganese Manufacturing Co., Ltd., 100% equity of Aktau baiyuanfeng Mining Co., Ltd. and 100% equity of Xinjiang Mengxin Tianba Mining Investment Co., Ltd. the progress is shown to be in progress. Or stimulated by this positive, the gold sector led the rise on February 14 Western Region Gold Co.Ltd(601069) , and the intraday limit was once high. Referring to history, since 2019, only Chifeng Jilong Gold Mining Co.Ltd(600988) of the gold sector has been subject to fixed growth. It was first announced on April 23, 2019 and the acquisition was completed on November 14 of the same year. Chifeng Jilong Gold Mining Co.Ltd(600988) since November 14, 2019, the cumulative increase has exceeded 220%, and the gold index has increased by 35.29% in the same period. At the same time, the company’s performance has thickened.
In addition, since the beginning of the year, Western Region Gold Co.Ltd(601069) has also obtained additional positions of funds going north. According to the statistics of data treasure, 22 stocks in gold and industrial metal sectors were increased by going north in the beginning of the year, Yunnan Aluminium Co.Ltd(000807) , Zijin Mining Group Company Limited(601899) , Jiangxi Copper Company Limited(600362) were increased by more than 1.2 percentage points. Among them, there are 10 stocks with the median value of net profit pre increase doubled in the fourth quarter of 2021, including Hunan Gold Corporation Limited(002155) , Zijin Mining Group Company Limited(601899) , Tongling Nonferrous Metals Group Co.Ltd(000630) in addition to Western Region Gold Co.Ltd(601069) .
