No Data
[Brokerage Focus] FIRST SHANGHAI gives a Buy rating to ZHAOJIN MINING (01818), stating that the sea area gold mine will push the company's performance into a phase of accelerated release after reaching production.
JINGWU Financial News | FIRST SHANGHAI published a Research Report stating that ZHAOJIN MINING (01818) achieved a revenue of 3.041 billion yuan in the first quarter of 2025, a year-on-year increase of 53.5%; Net income attributable to shareholders was 0.659 billion yuan, a significant increase of approximately 198.2% compared to the same period last year. The company's first-quarter performance shows substantial growth, demonstrating that the profitability of its core Gold mining Business has further strengthened. The institution indicated that with the increasing uncertainty in the Global economic and trade environment as well as geopolitical factors, risk aversion has driven Gold prices to continuously reach historical highs. In the first quarter of 2025, the Gold price on the Shanghai Exchange reached 676.78 yuan.
Gold has come to a sudden stop, long positions have drastically decreased, and analysts warn that the trend has diverged from the fundamentals.
Barclays strategist Stefano Pascale stated that the surge in Gold Call Options after Trump's tariffs, leading to an inverted skew indicator, coupled with a sharp reduction in hedge fund long positions and the recent pullback in Gold prices, are all reasons to adopt a cautious outlook on Gold prices in the short term. The movement of Gold has already "decoupled" from the "fundamental drivers" such as the US dollar and real interest rates.
Gold Falls Globally: US$ -1.29%, RM -1.34%
Is there a warning of a bullish-bearish reversal in the Options market? Cracks are appearing in the myth of Gold's surge?
This month, Gold's upward trend surpasses all major asset classes, as Trump's tariff war reshapes the Global economic order, with safe-haven funds continuously pouring into the gold market. However, changes in Options positions are causing some market observers to remain cautious.
The gold-silver ratio has rarely broken 100! Silver is expected to welcome a valuation repair window.
As of April 21, 2025, the price ratio of Gold to Silver (hereinafter referred to as the gold-silver ratio) has risen to 105.26, well above the historical average of 50 to 80. A gold-silver ratio over 100 signifies extreme pricing in light of stagflation risks and indicates that the window for Silver valuation recovery is gradually opening.
The rise and subsequent fall of Gold has raised concerns about a peak, while Silver may welcome a corrective rally.
For investors who missed the recent rise in Gold, Silver may be an attractive option.
