Gold and oil rebalancing, precisely adjusted positions!
Late night breaking news: Gold prices fell nearly 10% from the intraday high. On the other hand, crude oil rose nearly 3% intraday.
Actually, there hasn't been any significant movement in the news. It's just rumors that the US might take action against Iran. Therefore, it's more understood that gold experienced normal short covering and profit-taking after irrational short-term gains.
Our followed Biaojiu Fixed Income Plus Selected Investment Advisory Portfolio initiated a reallocation yesterday, selling some gold at yesterday's closing price and adding some crude oil. It can be said that the timing of the reallocation was precise again. This was aided by indicators like the gold-oil ratio, and also reflects the view that the market was overly pessimistic about oil prices earlier.
What was quite surprising yesterday was that the Biaojiu Fixed Income Plus Selected Investment Advisory Portfolio's net value increase was higher than that of Biaojiu Quant and Biaojiang Active Alpha.
Although there was some luck involved, it also shows that as a fixed income plus investment advisory portfolio, Biaojiu Fixed Income Plus demonstrated its advantage in global multi-asset allocation during market fluctuations.
(Not investment advice)
$China Southern Crude Oil Fund-A(501018.SH) $Gold(IN00380.US) $Fullgoal S&P Oil & Gas Exploration & Production Select Industry ETF(QDII)(513350.SH)
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