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李樂雯 (Phoenix Li)
經理

現任職輝立分行經理,對股票、期貨投資經驗豐富。 樂意為客戶提供投資分析及買賣策略。 歡迎各位來電交流心得。
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白銀市場評論

Tuesday, August 23, 2011 Views199
23 Aug 11 11:55AM

歐債及美債問題令避險情緒不斷升溫,因美國債務問題遲遲未決而受到巨大壓力的美元也沒有因為債務上限得以提高而獲得有效支撐。相信美元將很難扭轉弱勢,市場對美元的信心越弱,對金銀等貴金屬價格越有利。亦帶動銀價重上40美元以上水平,價格可望挑戰45美元高位。

美元疲弱,令投資者不斷增持商品好倉,於過去一星期,18隻主要商品的淨長倉上升16%,而白銀的淨長倉卻急增19%,反映資金持續流入商品市場,尤其是一些價格較落後的項目。

隨著印度、中國的節日季到來,實物黃金需求有望出現明顯回升, 白銀的價格是追隨黃金, 每逢金價創新高,均會觸發一些投機資金追落後買白銀,由近期淨長倉的增幅可見,投資者對追入白銀的興趣較黃金大,9月份交貨的白銀期貨價格上漲78.3美分,收於每盎司40.092美元,漲幅為2%。

銀價是有上升的潛力,但始終金銀的用途及供求因素都不盡相同,現貨需求給白銀提供了強勁的支撐,但其中主要為投資需求,而并非消費需求拉動,缺乏有力的實物消費需求配合。 白銀的風險會較黃金大,因為白銀市場較薄弱,價格易波動。 故短期內銀價可望追落後先上試45美元,但亦不宜過份樂觀。

註:本人李樂雯為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者 並 無持有全部提及之証券或期貨的所有相關財務權益。
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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