MicroSectors Gold Miners 3x Leveraged ETN（GDXU）今日夜盘出现大幅下跌，跌幅达8.81%，引起了市场广泛关注。
消息面上，黄金预测分析师托尔森（AG Thorson）的最新观点指出，如果全球股市突然大跌，可能会发生流动性冲击，导致所有资产一起下跌。历史上经常出现市场崩盘初期黄金也会下跌的现象，这并非黄金失去了避险价值，而是因为机构投资者的股票头寸由于大跌触及保证金，他们必须抛售手中盈利最丰厚、流动性最好的资产（通常是黄金）来补仓。
托尔森进一步表示，黄金需要守住4850美元的关键支撑位，如果关键支撑守住，第二季度仍然有机会创历史新高。总体而言，他认为未来几周市场很脆弱，可能发生能源危机扩大、股市出现系统性冲击以及流动性事件导致资产短期一起下跌等情况。
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