报道：纽铜史诗级暴跌前一天，高盛告诉客户做多铜，自家交易也受创

华尔街见闻2025-08-02

特朗普未对主要铜产品加征关税，出乎市场与高盛预期，引发纽约铜价创纪录暴跌22%。就在前一日，高盛仍建议客户买入看涨期权，押注铜价因50%关税将大涨，称价差应扩至35%-40%。结果特朗普豁免铜主力产品关税，纽约铜价暴跌22%，创1988年以来最大单日跌幅，高盛销售团队连发邮件致歉，客户惨亏的同时自家交易部门也蒙受损失。媒体报道，高盛集团的销售人员在美国总统特朗普宣布关税政策前一天，曾建议对冲基金...

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雁门关向东二万五千里
2025-08-02
雁门关向东二万五千里
高盛反着买，别墅靠大海。

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Culpa）”。媒体表示，高盛的误判，凸显出几乎整个铜市场都被此次关税声明打了个措手不及。另有知情人士对媒体称，多个对冲基金和包括高盛在内的银行交易部门都在周三的价格暴跌中蒙受了损失。这一跌幅是自1988年以来美国铜合约有记录以来的两倍历史最大跌幅。其他大型银行同样措手不及。花旗集团（Citigroup）的销售人员在周三早上也向客户发出信息称：“我们的交易部门喜欢做铜的套利交易（买COMEX，卖LME）。”高盛建议的期权价值已下跌90%实际上，高盛此前就多次建议客户押注同价上涨。早在7月初，特朗普就宣布铜的关税将为50%，当时的市场预期仅为25%，但美国COMEX铜价当时仅比伦敦金属交易所（LME）全球铜价高出约28%。虽然一些客户担心在美国与产铜大国印度尼西亚签署贸易协议后，关税可能会因国家不同而出现豁免，但高盛认为，美国与全球市场之间的价格差应会进一步扩大。在高盛销售人员周二发给客户的电话会议总结中写道，“完全50%的关税”应会使该价差扩大至35%至40%。高盛建议客户购买9月到期、执行价为6.25美元的看涨期权——比当时现价高出约11%。但自关税公告和随后的价格崩盘以来，这些期权的价值已经暴跌超过90%。同时，高盛研究团队的金属分析师也预测将会有50%的关税，但他们在周一发布的报告中表示，“矿产外交”可能会带来豁免，并建议对其早前推荐的COMEX与LME套利交易进行获利了结。","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":463308861452520,"gmtCreate":1754118446231,"gmtModify":1754118448019,"author":{"id":"4092177932484180","authorId":"4092177932484180","name":"雁门关向东二万五千里","avatar":"https://static.tigerbbs.com/07291789f4dae4cc64e158f365e7e31b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4092177932484180","idStr":"4092177932484180"},"htmlText":"高盛反着买，别墅靠大海。","listText":"高盛反着买，别墅靠大海。","text":"高盛反着买，别墅靠大海。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/463308861452520","repostId":2556984615,"repostType":4,"repost":{"id":"2556984615","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1754091474,"share":"https://www.laohu8.com/m/news/2556984615?lang=zh_CN&edition=full","pubTime":"2025-08-02 07:37","market":"fut","language":"zh","title":"报道：纽铜史诗级暴跌前一天，高盛告诉客户做多铜，自家交易也受创","url":"https://stock-news.laohu8.com/highlight/detail?id=2556984615","media":"华尔街见闻","summary":"特朗普未对主要铜产品加征关税，出乎市场与高盛预期，引发纽约铜价创纪录暴跌22%。就在前一日，高盛仍建议客户买入看涨期权，押注铜价因50%关税将大涨，称价差应扩至35%-40%。结果特朗普豁免铜主力产品关税，纽约铜价暴跌22%，创1988年以来最大单日跌幅，高盛销售团队连发邮件致歉，客户惨亏的同时自家交易部门也蒙受损失。","content":"<html><head></head><body><blockquote><p>特朗普未对主要铜产品加征关税，出乎市场与高盛预期，引发纽约铜价创纪录暴跌22%。就在前一日，高盛仍建议客户买入看涨期权，押注铜价因50%关税将大涨，称价差应扩至35%-40%。结果特朗普豁免铜主力产品关税，纽约铜价暴跌22%，创1988年以来最大单日跌幅，高盛销售团队连发邮件致歉，客户惨亏的同时自家交易部门也蒙受损失。</p></blockquote><p>媒体报道，<a href=\"https://laohu8.com/S/GS\">高盛</a>集团的销售人员在美国总统特朗普宣布关税政策前一天，曾建议对冲基金客户押注美国铜价将大幅上涨，但这一决定最终导致铜价创下史上最大跌幅。</p><p>据知情人士对媒体透露，高盛在周二的一次客户电话会议中表示，特朗普很可能会推进对铜征收50%的关税，并建议客户购买短期期权，如果美国铜价上涨11%，该期权将获得收益。</p><p><strong>但实际上，特朗普在周三下午仅宣布了一项有限的关税措施，完全豁免了主要交易形式的铜，这导致纽约铜价在数小时内暴跌22%。</strong></p><p>当天晚上，高盛商品销售部门向客户发送了一封电子邮件，标题为“无铜关税。我们错了（Mea Culpa）”。</p><p><strong>媒体表示，高盛的误判，凸显出几乎整个铜市场都被此次关税声明打了个措手不及。另有知情人士对媒体称，多个对冲基金和包括高盛在内的银行交易部门都在周三的价格暴跌中蒙受了损失。这一跌幅是自1988年以来美国铜合约有记录以来的两倍历史最大跌幅。</strong></p><p>其他大型银行同样措手不及。花旗集团（Citigroup）的销售人员在周三早上也向客户发出信息称：“我们的交易部门喜欢做铜的套利交易（买COMEX，卖LME）。”</p><h2 id=\"id_3377982772\">高盛建议的期权价值已下跌90%</h2><p>实际上，高盛此前就多次建议客户押注同价上涨。早在7月初，特朗普就宣布铜的关税将为50%，当时的市场预期仅为25%，但美国COMEX铜价当时仅比伦敦金属交易所（LME）全球铜价高出约28%。</p><p>虽然一些客户担心在美国与产铜大国印度尼西亚签署贸易协议后，关税可能会因国家不同而出现豁免，但高盛认为，美国与全球市场之间的价格差应会进一步扩大。在高盛销售人员周二发给客户的电话会议总结中写道，“完全50%的关税”应会使该价差扩大至35%至40%。</p><p><strong>高盛建议客户购买9月到期、执行价为6.25美元的看涨期权——比当时现价高出约11%。但自关税公告和随后的价格崩盘以来，这些期权的价值已经暴跌超过90%。</strong></p><p>同时，高盛研究团队的金属分析师也预测将会有50%的关税，但他们在周一发布的报告中表示，“矿产外交”可能会带来豁免，并建议对其早前推荐的COMEX与LME套利交易进行获利了结。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta 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padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n报道：纽铜史诗级暴跌前一天，高盛告诉客户做多铜，自家交易也受创\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-02 07:37 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3752487><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>特朗普未对主要铜产品加征关税，出乎市场与高盛预期，引发纽约铜价创纪录暴跌22%。就在前一日，高盛仍建议客户买入看涨期权，押注铜价因50%关税将大涨，称价差应扩至35%-40%。结果特朗普豁免铜主力产品关税，纽约铜价暴跌22%，创1988年以来最大单日跌幅，高盛销售团队连发邮件致歉，客户惨亏的同时自家交易部门也蒙受损失。媒体报道，高盛集团的销售人员在美国总统特朗普宣布关税政策前一天，曾建议对冲基金...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3752487\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/eeb9a4d452d8568bcc6a2558535ad160","relate_stocks":{"IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","BK4585":"ETF&股票定投概念","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","BK4127":"投资银行业与经纪业","LU0106831901.USD":"贝莱德世界金融基金A2","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials 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Culpa）”。媒体表示，高盛的误判，凸显出几乎整个铜市场都被此次关税声明打了个措手不及。另有知情人士对媒体称，多个对冲基金和包括高盛在内的银行交易部门都在周三的价格暴跌中蒙受了损失。这一跌幅是自1988年以来美国铜合约有记录以来的两倍历史最大跌幅。其他大型银行同样措手不及。花旗集团（Citigroup）的销售人员在周三早上也向客户发出信息称：“我们的交易部门喜欢做铜的套利交易（买COMEX，卖LME）。”高盛建议的期权价值已下跌90%实际上，高盛此前就多次建议客户押注同价上涨。早在7月初，特朗普就宣布铜的关税将为50%，当时的市场预期仅为25%，但美国COMEX铜价当时仅比伦敦金属交易所（LME）全球铜价高出约28%。虽然一些客户担心在美国与产铜大国印度尼西亚签署贸易协议后，关税可能会因国家不同而出现豁免，但高盛认为，美国与全球市场之间的价格差应会进一步扩大。在高盛销售人员周二发给客户的电话会议总结中写道，“完全50%的关税”应会使该价差扩大至35%至40%。高盛建议客户购买9月到期、执行价为6.25美元的看涨期权——比当时现价高出约11%。但自关税公告和随后的价格崩盘以来，这些期权的价值已经暴跌超过90%。同时，高盛研究团队的金属分析师也预测将会有50%的关税，但他们在周一发布的报告中表示，“矿产外交”可能会带来豁免，并建议对其早前推荐的COMEX与LME套利交易进行获利了结。","news_type":1,"symbols_score_info":{"FCX":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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