Is it rumored that the former Chief of Guohai Securities made a profit of 1.4 billion in gold futures trading? I have posted on Moments to debunk this.

Jin10 data reported on October 28, recent market rumors say: “Guohai Securities chief Jin Yi traded gold futures, using 30 million in principal, made 1.4 billion, and then resigned.” This statement has further spread today. Jin Yi himself posted on his social media to refute the rumors, stating, “The earliest version I heard was from a certain macro chief… Rumors stop with the wise, brothers and sisters.” Several futures practitioners indicated that the investment returns in gold futures described in the rumors, although possible through unrealized gains increase the position strategy, also carry very high risks and belong to low-probability scenarios in investment.

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