GOHMGovernance OHM Price

On August 24, Yi Lihua, founder of Liquid Capital (formerly LD Capital), shared his insights on the market trends over the past six months. He noted that the recent rebound can be viewed from the previous low point, while the rebound ended at the peak in May. He has consistently mentioned that July and August could represent the last opportunity for bottom fishing over the past two months. However, he emphasized that this does not guarantee correctness; every investment and trade is a new beginning. It is essential to remain cautious, humble, and maintain a sound risk management strategy. He also mentioned that Twitter serves as a great platform for learning and self-iteration, where both right and wrong perspectives are completely normal.

On August 24, Yi Lihua, founder of Liquid Capital (formerly LD Capital), shared his insights on the market trends over the past six months. He noted that the recent rebound can be viewed from the previous low points and that the rebound ended at the peak in May. He has consistently pointed out that July and August may present the last opportunities for bottom-fishing over the past two months. However, he emphasized that this does not guarantee ongoing correctness; each investment and trade is a new beginning, and one should maintain caution, humility, and a solid risk management strategy. He also mentioned that Twitter serves as a great platform for learning and self-iteration, where both correct and incorrect views are perfectly normal.

On August 24, a portfolio manager at Fidelity International stated that the gold holdings in the funds he manages have doubled over the past three weeks, attributing this move to increased uncertainty surrounding Federal Reserve policies. After raising the gold allocation in the fund to his self-imposed limit of 5%, George Efstathopoulos indicated that he would consider increasing this limit if the dollar's status as a safe-haven asset continues to decline. Following the Fed's July meeting, investors began to sell off long-term government bonds, and it was in this context that George started to increase his gold holdings. 'My understanding is that this is due to the Fed's lack of credibility and the intensifying policy uncertainty,' George stated. He also noted that the U.S. Treasury unexpectedly increased its buyback of long-term bonds, which seems more like 'manipulating yields rather than addressing the fundamental reasons for why yields are rising.' 'Today, the focus on gold is no longer just about rising yields themselves, but rather why yields are rising.'