Weekly

When the government sends relief money, it is not as good as digging gold yourself.

2020-05-08

The Hong Kong government, which is in urgent need of the public, can let me apply for a copper mask yesterday when the public is ready to remove the mask!

I wonder when the Financial Secretary Chen Maobo will send us $10,000?

The Hang Seng Index ended its two consecutive gains. The market worried about Sino-US relations and spread that China would not set a GDP growth target this year, dragging down major markets, which ended down 156 points.

Last night, the United States announced that 3.17 million people applied for unemployment for the first time last week, compared with 3 million expected by Johnson.  Not only did the nuclear data not drag down the stock market performance, the Dow Jones Industrial Average closed up 0.9%.

Gold, stocks and crude oil all rose sharply in the US opening session yesterday, except the US dollar index while you are alone and helpless and poor, which fell 0.3% to 99.84.  Finally, the price of crude oil was trampled on.

The dollar index didn't feel so lonely until it fell 0.7 dollars a barrel to close.

Crude oil futures week went on and on yesterday, rising as high as 4% to $27.8 a barrel.  According to Bloomberg TV, Saudi Arabia is said to increase export prices to stabilize prices.

However, China's demand for commodities has increased compared with the previous few months, supporting the rise in oil prices.

Saudi Arabia is the most influential member of the Organization of Petroleum Exporting Countries (OPEC). It often uses its price advantage to keep its share. Taking the initiative to raise oil prices means it is willing to cut production more cooperatively.

However, it is estimated that investors are profiting from worries about the delivery problem. However, last week's US crude oil storage, just announced the day before yesterday, rose by 1.7 hundred barrels.

However, oil tankers full of oil are still moored at the world famous sea surface and have no export destination.  Investors are still haunted by the haze of negative oil prices.

Gold soared in U.S. trading hours, reaching 1723 after rising above 1703 resistance.  In an environment where country continue to increase their central bank balance sheets and low inter rates,

Holding gold for value preservation is still a golden opportunity at this stage.

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