collisioncoursegame| More than 810,000 orders were closed, and mining stocks fell to the limit! Spot gold stood at US$2440, continuing to hit a record high. Gold and silver joined hands to celebrate! Funds were sold out of multiple gold stocks

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Non-ferrous metal plate continues to riseCollisioncoursegameInstitutions are bullish on the future of gold.

Prev index bounced back in the morning.CollisioncoursegameThe gem index rose more than 1% at one time, the non-ferrous metal plate continued to rise, the northern copper industry (000737) rose by the daily limit, and Yuguang gold and lead (600531) rose by more than 9%. The concept of civil explosion broke out collectively, with high competition for civil explosion (002827) and Poly United (002037). The tourism sector rose, Changbai Mountain (603099) rose by the daily limit, and Golden Horse Amusement (300756) rose by more than 10%. Real estate sector bottomed out and rebounded, City Investment Holdings (600649), urban construction development (600266), I love my home (000560) sealing board.

Under the influence of geopolitical policies and higher expectations of Fed interest rate cuts, spot gold broke through the all-time high set in April, standing above 2440 US dollars per ounce, continuing to hit an all-time high.

Gold and silver stocks were also active, with Xiaocheng Technology (300139) 20cm rising by the daily limit, Hunan Baiyin (002716), Shengda Resources (000603), Silver Nonferrous (601212) and other stocks rising by the daily limit, while gold stocks ETF rose by 4%.Collisioncoursegame.29%, gold stocks ETF rose more than 4%.

The central bank continues to step in to increase its holdings

Institutions are optimistic about the future of gold.

At present, the people's Bank of China has increased its gold holdings for 18 consecutive months. Although China's gold reserves continued to grow in April, the increase was the lowest in nearly 18 months. In the view of Wang Qing, chief macro analyst of Oriental Jincheng, the small increase in April may be related to factors such as a significant increase in the international gold price in that month.

Looking ahead, it is widely believed that the global central bank buying spree may continue. Huatai Securities Research News said that in terms of medium-and long-term demand, there is still much room for improvement in central bank gold purchases in the future, and gold investment demand may be driven by pushing up gold prices, superimposing global gold production into a bottleneck period, and gold prices are expected to still have support in the medium to long term.

Soochow Securities Research News pointed out that economic data show that US inflation data have fallen from the previous month, providing data support for the Federal Reserve to cut interest rates. Federal Reserve Chairman Powell claimed that raising interest rates is not part of the Fed's options for the time being, greatly weakening the market's expectations of interest rate increases caused by the continuous exceeding expectations of CPI since the beginning of the year. In addition, the ECB board of governors Nott believes that June may be a good time to cut interest rates for the first time. Affected by the rising expectations of overseas interest rate cuts and the resurgence of geopolitical risks in the Middle East, gold prices at home and abroad are doing well, and gold prices are expected to maintain a volatile upward trend in the follow-up.

Gold concept stocks since May

Outperform the market

According to the Securities TimesCollisioncoursegame. According to Databao statistics, the performance of gold concept stocks has remained strong since May, with concept stocks rising an average of 5%, outperforming the market. Xiaocheng Science and Technology, Jinan Hi-tech (600807), Hunan Gold (002155) and China Gold Gold (600489) all rose by more than 10%.

Shandong gold (600547) rose 2.8 per cent in morning trading. In a recent research activity, the company said that its gold production plan of no less than 47 tons in 2024 includes all production of Yintai Gold (000975). For the company's production planning for the next three years, the current 2024 production guidelines have revealed that 2025 is the last year of the 14th five-year Plan, and the company will actively promote it in accordance with the established plan of the 14th five-year Plan. 2026 will enter the next five-year plan, the company has not yet formally formulated the "15th five-year Plan", but on the whole will be prepared in accordance with the principle of long-term and stable growth of production.

From the capital point of view, more than 10 gold concept stocks received northward funds to increase their positions. Zijin Mining (601899) and Yintai Gold received a net purchase of 247 million yuan and 121 million yuan respectively last week. China Gold (600916) made a net purchase of 29.8003 million yuan last Friday, with a cumulative net purchase of 124 million yuan.

Shengtun Mining falls by the limit.

However, in the context of the sharp rise in metal concept stocks in early trading, Shengtun Mining (600711) fell by the limit. As of the morning close, Shengtun Mining shares of 4.66 yuan / share, a total market capitalization of 14.6 billion yuan, sell a seat seal order more than 810000 hands.

In the news, on the evening of May 17, Shengtun Mining Industry Disclosure notice said that the CSRC decided to file a case against the company because the company was suspected of illegal information disclosure. According to the decision on administrative supervision measures issued by Xiamen Securities Supervision Bureau, during the period from 2021 to 2022, Shengtun Mining Industry carried out the sales business of cobalt wet smelting intermediate products with relevant customers, the control of the goods was not substantially transferred when the goods were delivered to the relevant customers, the company recognized revenue at the time of delivery, and the accounting treatment was inaccurate.

The above-mentioned individual cobalt wet smelting intermediates sold to customers were bought back by a subsidiary of the company for production without merger offset. As a result of the above-mentioned events, the company's recognized income in 2021 was more than 359.3675 million yuan, accounting for 0.79% of the current operating income, and the more recognized profit was 193.7214 million yuan, accounting for 7.15% of the total profit of the year. 84.149 million yuan of income was recognized in 2022, accounting for 0.33% of the operating income of the year. The total recognized profit was 139.093 million yuan less, accounting for 18.2% of the total profit for the year. The relevant financial information disclosed in the company's 2021 and 2022 annual reports is inaccurate.