The first gold futures contract retail investors withdrew more than 80% of severe losses

China's first listed gold futures contracts Au0806 sustained in the haze in the completion of the historic mission. June 16 is June contract was last trading day, from June 17 start of the five trading days formal entry into the physical delivery period.
Gold futures since January 9 this year, landing it to the Shanghai Futures Exchange, has been the concern of many investors. However, due to the international gold Chonggao decline continued slump, domestic gold "fever" has rapidly receded, the increasingly shrinking turnover. Most investors have only Shayuergui.
Turnover massive atrophy
According to the Shanghai Futures Exchange, physical delivery of gold only institutional investors, customers may not participate in natural persons. All natural persons, held in June gold futures contract positions, trading on the date of implementation will directly by the Stock Exchange of forced positions. Therefore, many small and medium-sized retail pain to open. It is understood that entered the front-month June, turnover fell significantly, from the June 11 start had any turnover.
In fact, gold futures is the popular "flash in the pan." Compared with the beginning of listing, trading volume continued to shrink. The first day, all gold futures contracts were up there, all six contracts total turnover of 120,000 breakthrough in hand, the total turnover amounted to 27.347 billion yuan. Positions to the end of March to around 40,000 in hand, with a decline to about 18,000 in hand. Volume fell in April reached 62.8 percent, also shrink further by the end of May, the turnover from the original more than 270 million dropped to about 50 million yuan.
Purcell, chief economist at the high gold-Riley said that the international gold since March hit a record high of 1,032 U.S. dollars, has been in a process of amendment. In addition, a wave of dollar rebound, to bring pressure on gold. Limiting the domestic and international gold market trading interest.
"The market is not perfect, small and medium-sized retail investors do not have the expertise is also one of the main reasons." Industry experts believe that most domestic investors are also shareholders, in the hope that the gold bull market中分a share. Therefore, when under pressure after the gold, but also maintain full positions, not only Zhuizhang recovery or investment ideas. "They do not know how to build futures and wind control mechanisms used to go short the trading practices."
According to some futures companies that, as at present, gold futures to participate in the retail losses amounted to 90%, of which more than 80% of severe losses.
Go to the main contract in December
In view of the recent price trend is still in the blur state of the domestic gold futures contract transferred to the main force in December. June 16, Au0812 fell 0.58 percent, to close at 193.85 yuan / gram. Volume of 14,766 hand over a 996 day increase in hand, turnover increased from 195 million to 2.88 billion yuan. In view of this, the end of this investment is not optimistic about the gold.
But analysts believe that some institutions still remain the gold bull market has not yet concluded view, premature delivery is also unwilling to major gold futures contract postponed to December of the main reasons. Currently, the United States and other major gold futures contract is the main market in August.
The market generally believes that the momentum gained support gold value and investment both in terms of inflation in the current global status quo under the short-term are difficult to change. In particular, the Vietnamese economic crisis, leading to all the functions of the gold value the renewed interest. Therefore, the long-term perspective can still bargain hunting buying.