????:1???51??:????????

2?????????2019

3???????

4?????????

5??????

????,??????????COMEX??????????2800??????/???????,??2830.39??????/?????2872????????????/???2??????4????,???????????,??2820???????????????/????????

???????????????????????,??????????,???????????840?????????/????????,????????,?????????????,?????

???,??????????????????????????????????,??,??????3000???????????????/???????????????????,????????????????,??????????????????????????????????????ETF???

?????

2?4???????????,?,??????????2820??/?,???????,??,????????0.08%????????????2816.63??/?????,????2??????????????????????,???????????????,???????????2830.39??????/??,??2814.38?????????????????????????????/?????????????

????????,COMEX????,??????????2872????????????/????????????,??2843.25?/??

?,???????????????????????????????2??????1?,???????????,???????????25%????????,??4????????????????????????,??2???????????????????????????3?,??????????????????????????,?????????????????3??4???

??(?)????????????,???25%????,???????????,??????????????;?????????????????,?,???????????????

???,????2024?????,??????,???COMEX??36%?37%?

??????????1???28????????????????????????,???????????????COMEX??????????2.74%?3.7%??????????????,???,????,???????????,??

????????

?,??,????????????????,????????????????????????840??????????????/???????2?4???????????,????????????????,????????????855??/??????????????????853??????/???????????????????

?????????,???????????????????????????????????????,?????????,?,?????“??”???????????????????????,??????7?,??????????????????600??,???????,?????????,?????

???????,??????????????????,????,??????????,???????????,????,?????????

?????????????,??????,?,?????????????????,????????????????,????????????????

??,??????????????,???,3????????????31???,???,???????10??,?????????100????

?????????,???????????????,?????????,????????

?????????????????????????

2024?????????????????,??????,?,??????????,?????????COMEX???27%?

2025??????????????,????,?,????,????????;????????,??,???;??????????????,??????????????,??????????

“?????2025?,?????????????,??3000?,?????????????????????”???,?????,????????????,?????,???????????????ETF???,??????,???????????????

??,????????,?,??????,????,???????????

? ????????? ???:???