{"id":9794,"date":"2026-08-21T02:16:52","date_gmt":"2026-08-21T02:16:52","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=9794"},"modified":"2026-08-21T02:16:57","modified_gmt":"2026-08-21T02:16:57","slug":"the-macroeconomic-logic-of-precious-metals-trading-the-deep-forces-driving-gold-and-silver-prices","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/ja\/the-macroeconomic-logic-of-precious-metals-trading-the-deep-forces-driving-gold-and-silver-prices\/","title":{"rendered":"\u8cb4\u91d1\u5c5e\u53d6\u5f15\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u8ad6\u7406: \u91d1\u3068\u9280\u306e\u4fa1\u683c\u3092\u52d5\u304b\u3059\u6df1\u3044\u529b"},"content":{"rendered":"

\u91d1\u3084\u9280\u306a\u3069\u306e\u8cb4\u91d1\u5c5e\u306e\u5dee\u91d1\u53d6\u5f15\uff08CFD\uff09\u3092\u53d6\u5f15\u3059\u308b\u5834\u5408\u3001\u591a\u304f\u306e\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u30ed\u30fc\u30bd\u30af\u8db3\u306e\u30d1\u30bf\u30fc\u30f3\u3084\u30c6\u30af\u30cb\u30ab\u30eb\u6307\u6a19\u306b\u6ce8\u76ee\u3059\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u3088\u308a\u6839\u672c\u7684\u306a\u554f\u984c\u3001\u3064\u307e\u308a\u9577\u671f\u7684\u306a\u4fa1\u683c\u30c8\u30ec\u30f3\u30c9\u3092\u52d5\u304b\u3059\u529b\u306f\u4f55\u304b?\u3068\u3044\u3046\u554f\u984c\u3092\u898b\u843d\u3068\u3057\u304c\u3061\u3067\u3059\u3002\u30c6\u30af\u30cb\u30ab\u30eb\u5206\u6790\u306f\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u300c\u3069\u3053\u3067\u58f2\u8cb7\u3059\u308b\u304b\u300d\u3092\u6c7a\u5b9a\u3059\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u304c\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u5206\u6790\u306f\u300c\u306a\u305c\u4fa1\u683c\u304c\u3053\u306e\u3088\u3046\u306b\u52d5\u304f\u306e\u304b\u300d\u306b\u7b54\u3048\u3088\u3046\u3068\u3057\u307e\u3059\u3002\u8cb4\u91d1\u5c5e\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u306f\u3001\u5b8c\u5168\u306a\u53d6\u5f15\u67a0\u7d44\u307f\u3092\u69cb\u7bc9\u3059\u308b\u4e0a\u3067\u91cd\u8981\u306a\u90e8\u5206\u3067\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u30dd\u30d4\u30e5\u30e9\u30fc\u30b5\u30a4\u30a8\u30f3\u30b9\u306e\u89b3\u70b9\u304b\u3089\u3001\u91d1\u3068\u9280\u306e\u4fa1\u683c\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u4e3b\u8981\u306a\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0\u306b\u3064\u3044\u3066\u6982\u8aac\u3057\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u5206\u6790\u3092\u30b5\u30dd\u30fc\u30c8\u3059\u308b ACE Markets \u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u95a2\u9023\u69cb\u6210\u306b\u3064\u3044\u3066\u7c21\u5358\u306b\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n

I. \u91d1\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u4fa1\u683c\u306e\u67a0\u7d44\u307f: \u5b9f\u8cea\u91d1\u5229\u304b\u3089\u30c9\u30eb\u4fe1\u7528\u307e\u3067<\/p>\n

\u91d1\u306e\u4fa1\u683c\u8a2d\u5b9a\u30ed\u30b8\u30c3\u30af\u306f\u3001\u3053\u3053\u6570\u5e74\u3067\u5927\u5e45\u306b\u9032\u5316\u3057\u307e\u3057\u305f\u3002\u4f1d\u7d71\u7684\u306b\u3001\u91d1\u306e\u4fa1\u683c\u306f\u5b9f\u8cea\u91d1\u5229\u3068\u8ca0\u306e\u76f8\u95a2\u95a2\u4fc2\u306b\u3042\u308a\u307e\u3059\u3002\u5b9f\u8cea\u91d1\u5229\u306e\u4e0a\u6607\u306f\u3001\u91d1\u3092\u4fdd\u6709\u3059\u308b\u6a5f\u4f1a\u8cbb\u7528\u3092\u5897\u5927\u3055\u305b\u3001\u4fa1\u683c\u306b\u4e0b\u62bc\u3057\u5727\u529b\u3092\u52a0\u3048\u307e\u3059\u3002\u5b9f\u8cea\u91d1\u5229\u306e\u4f4e\u4e0b\u306b\u3088\u308a\u3001\u91d1\u306e\u9b45\u529b\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u4f1d\u7d71\u7684\u306a\u67a0\u7d44\u307f\u306f\u8fd1\u5e74\u65b0\u305f\u306a\u767a\u5c55\u3092\u9042\u3052\u3066\u3044\u307e\u3059\u3002\u7c73\u56fd10\u5e74\u56fd\u50b5\u306e\u5b9f\u8cea\u5229\u56de\u308a\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u91d1\u4fa1\u683c\u3082\u305d\u308c\u3068\u9023\u52d5\u3057\u3066\u6025\u9a30\u3057\u3066\u304a\u308a\u3001\u5730\u653f\u5b66\u7684\u30d7\u30ec\u30df\u30a2\u30e0\u3068\u901a\u8ca8\u4fe1\u7528\u30ea\u30b9\u30af\u304c\u91d1\u306e\u4fa1\u683c\u8a2d\u5b9a\u30ed\u30b8\u30c3\u30af\u3092\u518d\u69cb\u7bc9\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3002<\/p>\n

1. \u91d1\u5229\u4e88\u60f3\u3068\u91d1\u878d\u653f\u7b56<\/p>\n

\u91d1\u4fa1\u683c\u306f\u901a\u5e38\u3001\u91d1\u5229\u4e88\u60f3\u306b\u53cd\u6bd4\u4f8b\u3057\u3066\u5909\u52d5\u3057\u307e\u3059\u3002 2025\u5e74\u7b2c4\u56db\u534a\u671f\u3001\u5e02\u5834\u306f\u9023\u90a6\u6e96\u5099\u7406\u4e8b\u4f1a\u304c2026\u5e74\u306b3\u56de\u3001\u5408\u8a0875\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u5229\u4e0b\u3052\u3092\u884c\u3046\u3053\u3068\u306b\u8ced\u3051\u305f\u3002\u3053\u306e\u7de9\u548c\u671f\u5f85\u306b\u3088\u308a\u3001\u91d1\u4fa1\u683c\u306f2026\u5e741\u6708\u306b3,700\u30c9\u30eb\/\u30aa\u30f3\u30b9\u304b\u3089\u7d045,600\u30c9\u30eb\/\u30aa\u30f3\u30b9\u306e\u9ad8\u5024\u307e\u3067\u62bc\u3057\u4e0a\u3052\u3089\u308c\u305f\u3002\u3057\u304b\u3057\u3001\u4e2d\u6771\u7d1b\u4e89\u306b\u3088\u308b\u539f\u6cb9\u4fa1\u683c\u306e\u4e0a\u6607\u3068\u76f8\u307e\u3063\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u7d71\u8a08\u304c\u4fa1\u683c\u306e\u5805\u8abf\u3055\u3092\u88cf\u4ed8\u3051\u308b\u3068\u3001\u5e02\u5834\u306e\u5229\u4e0b\u3052\u671f\u5f85\u306f\u3059\u3050\u306b\u9006\u8ee2\u3057\u3001\u91d1\u4fa1\u683c\u306f\u305d\u306e\u5f8c\u6025\u843d\u3057\u305f\u3002<\/p>\n

\u8cb4\u91d1\u5c5e\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u3001\u91d1\u5229\u6c7a\u5b9a\u3001\u30c9\u30c3\u30c8\u30d7\u30ed\u30c3\u30c8\u3001\u30a4\u30f3\u30d5\u30ec\u30c7\u30fc\u30bf\uff08CPI\u3001PCE\uff09\u3001\u96c7\u7528\u30c7\u30fc\u30bf\u306a\u3069\u3001\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u306e\u653f\u7b56\u671f\u5f85\u3092\u8ffd\u8de1\u3059\u308b\u3053\u3068\u306f\u3001\u91d1\u4fa1\u683c\u306e\u4e2d\u671f\u30c8\u30ec\u30f3\u30c9\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u53c2\u8003\u8cc7\u6599\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

2. \u7c73\u30c9\u30eb\u6307\u6570\u3068\u901a\u8ca8\u4fe1\u7528<\/p>\n

\u91d1\u306e\u4fa1\u683c\u306f\u7c73\u30c9\u30eb\u3067\u8a2d\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u901a\u5e38\u3001\u30c9\u30eb\u9ad8\u306f\u91d1\u4fa1\u683c\u306b\u4e0b\u843d\u5727\u529b\u3092\u3082\u305f\u3089\u3057\u3001\u30c9\u30eb\u5b89\u306f\u91d1\u306b\u5229\u76ca\u3092\u3082\u305f\u3089\u3057\u307e\u3059\u3002\u3088\u308a\u6df1\u3044\u8ad6\u7406\u306f\u3001\u7c73\u30c9\u30eb\u306e\u4fe1\u983c\u6027\u306e\u5909\u5316\u306b\u3042\u308a\u307e\u3059\u3002\u7c73\u56fd\u306e\u9023\u90a6\u50b5\u52d9\u306fGDP\u306e125\uff05\u306b\u9054\u3057\u3001\u4e16\u754c\u306e\u5916\u8ca8\u6e96\u5099\u306b\u5360\u3081\u308b\u30c9\u30eb\u306e\u5272\u5408\u306f2000\u5e74\u306e71\uff05\u304b\u308958\uff05\u306b\u4f4e\u4e0b\u3057\u305f\u3002\u4e16\u754c\u7684\u306a\u50b5\u52d9\u306e\u9ad8\u3055\u3001\u8d64\u5b57\u306e\u591a\u3055\u3001\u5229\u6255\u3044\u306e\u5897\u52a0\u306b\u3088\u308a\u3001\u30bd\u30d6\u30ea\u30f3\u4fe1\u7528\u8cc7\u7523\u306e\u9577\u671f\u7684\u306a\u5b9f\u8cea\u53ce\u76ca\u304c\u7d99\u7d9a\u7684\u306b\u4fb5\u98df\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u80cc\u666f\u304b\u3089\u3001\u91d1\u306e\u30d8\u30c3\u30b8\u4fa1\u5024\u304c\u307e\u3059\u307e\u3059\u9855\u8457\u306b\u306a\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002<\/p>\n

3. \u5730\u653f\u5b66\u7684\u304a\u3088\u3073\u30ea\u30b9\u30af\u56de\u907f\u306e\u30cb\u30fc\u30ba<\/p>\n

\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u3082\u91d1\u4fa1\u683c\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u91cd\u8981\u306a\u5909\u6570\u3067\u3059\u3002\u30ef\u30fc\u30eb\u30c9\u30fb\u30b4\u30fc\u30eb\u30c9\u30fb\u30ab\u30a6\u30f3\u30b7\u30eb\u306e\u8abf\u67fb\u306b\u3088\u308b\u3068\u3001\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u6307\u6570\u306e\u6a19\u6e96\u504f\u5dee\u304c\u5897\u52a0\u3059\u308b\u305f\u3073\u306b\u3001\u91d1\u4fa1\u683c\u306f\u5e73\u5747\u7d042.5%\u4e0a\u6607\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5730\u653f\u5b66\u304c\u91d1\u4fa1\u683c\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306f\u5fc5\u305a\u3057\u3082\u826f\u3044\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u30022026 \u5e74\u306e\u7b2c 1 \u56db\u534a\u671f\u306b\u7c73\u56fd\u3068\u30a4\u30e9\u30f3\u306e\u9593\u306e\u7dca\u5f35\u304c\u6fc0\u5316\u3057\u305f\u969b\u3001\u91d1\u4fa1\u683c\u306f\u5b9f\u969b\u306b 1 \u30aa\u30f3\u30b9\u3042\u305f\u308a 5,600 \u30c9\u30eb\u304b\u3089 20% \u4ee5\u4e0a\u4e0b\u843d\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u7d1b\u4e89\u304c\u4e3b\u306b\u539f\u6cb9\u4fa1\u683c\u3001\u30a4\u30f3\u30d5\u30ec\u3001\u653f\u7b56\u91d1\u5229\u306e\u4e0a\u6607\u3092\u901a\u3058\u3066\u6ce2\u53ca\u3059\u308b\u5834\u5408\u3001\u5b89\u5168\u8cc7\u7523\u3067\u3042\u308b\u91d1\u306e\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u9ad8\u91d1\u5229\u306e\u6a5f\u4f1a\u8cbb\u7528\u306b\u3088\u3063\u3066\u76f8\u6bba\u3055\u308c\u308b\u305f\u3081\u3067\u3042\u308b\u3002\u7d1b\u4e89\u306b\u3088\u3063\u3066\u4fe1\u7528\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u62e1\u5927\u3057\u305f\u308a\u3001\u91d1\u878d\u306e\u5b89\u5b9a\u304c\u640d\u306a\u308f\u308c\u305f\u308a\u3001\u30c9\u30eb\u306e\u4fe1\u983c\u6027\u304c\u7591\u554f\u8996\u3055\u308c\u305f\u308a\u3057\u305f\u5834\u5408\u306b\u306e\u307f\u3001\u91d1\u306e\u5b89\u5168\u8cc7\u7523\u3068\u3057\u3066\u306e\u6027\u8cea\u304c\u4fa1\u683c\u306b\u5bfe\u3059\u308b\u512a\u4f4d\u6027\u3092\u53d6\u308a\u623b\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002<\/p>\n

4. \u4e2d\u592e\u9280\u884c\u306e\u91d1\u8cfc\u5165\u3068\u4ed5\u7d44\u307f\u8cb7\u3044<\/p>\n

\u4e16\u754c\u4e2d\u306e\u4e2d\u592e\u9280\u884c\u306f\u91d1\u4fdd\u6709\u91cf\u3092\u5897\u3084\u3057\u7d9a\u3051\u3066\u304a\u308a\u3001\u5f93\u6765\u306e\u9700\u8981\u3068\u4f9b\u7d66\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u5d29\u3059\u91cd\u8981\u306a\u5909\u6570\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002 2026 \u5e74\u306e\u7b2c 1 \u56db\u534a\u671f\u306b\u3001\u4e16\u754c\u306e\u4e2d\u592e\u9280\u884c\u306f\u7d04 244 \u30c8\u30f3\u306e\u91d1\u3092\u7d14\u8cfc\u5165\u3057\u307e\u3057\u305f\u3002\u4e16\u754c\u306e\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u91d1\u8cfc\u5165\u91cf\u306f14\u56db\u534a\u671f\u9023\u7d9a\u3067100\u30c8\u30f3\u3092\u8d85\u3048\u3066\u3044\u308b\u3002\u3053\u306e\u8cb7\u3044\u884c\u52d5\u306f\u30c9\u30eb\u8cc7\u7523\u306e\u30ea\u30b9\u30af\u306b\u5bfe\u3059\u308b\u61f8\u5ff5\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u69cb\u9020\u7684\u306a\u8cb7\u3044\u3068\u91d1\u4fa1\u683c\u306e\u9577\u671f\u7684\u306a\u4e0b\u5024\u652f\u6301\u3092\u63d0\u4f9b\u3057\u3066\u3044\u308b\u3002<\/p>\n

5. \u91d1ETF\u3068\u6295\u8cc7\u9700\u8981<\/p>\n

\u91d1ETF\u306e\u6d41\u51fa\u5165\u306f\u3001\u6295\u6a5f\u8cc7\u91d1\u306e\u52d5\u304d\u3084\u77ed\u671f\u7684\u306a\u5e02\u5834\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3002 2025 \u5e74\u7b2c 3 \u56db\u534a\u671f\u306e\u4e16\u754c\u306e\u91d1\u9700\u8981\u306f\u524d\u5e74\u6bd4 2.9% \u5897\u306e 1,313 \u30c8\u30f3\u3068\u306a\u308a\u3001\u6295\u8cc7\u9700\u8981\u3082 47.3% \u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u4e16\u754c\u7684\u306a\u4e0d\u78ba\u5b9f\u6027\u304c\u9ad8\u307e\u308b\u3068\u3001\u6295\u8cc7\u5bb6\u306e\u30ea\u30b9\u30af\u56de\u907f\u306b\u3088\u308a\u91d1ETF\u3078\u306e\u9700\u8981\u304c\u9ad8\u307e\u308a\u3001\u91d1\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u307e\u3059\u3002<\/p>\n

II.\u9280\u306e\u4e8c\u9762\u6027: \u91d1\u878d\u3068\u7523\u696d\u306e\u7d61\u307f\u5408\u3044<\/p>\n

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\u9280\u306f\u91d1\u878d\u3068\u5546\u54c1\u306e\u4e21\u65b9\u306e\u5c5e\u6027\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u4fa1\u683c\u306f\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u6d41\u52d5\u6027\u74b0\u5883\u3068\u7523\u696d\u306e\u9700\u8981\u3068\u4f9b\u7d66\u306e\u30c0\u30a4\u30ca\u30df\u30af\u30b9\u306e\u4e21\u65b9\u306b\u5f71\u97ff\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u4e8c\u91cd\u306e\u6027\u8cea\u306b\u3088\u308a\u3001\u9280\u306f\u91d1\u3088\u308a\u3082\u4e0d\u5b89\u5b9a\u306b\u306a\u308b\u3053\u3068\u304c\u3088\u304f\u3042\u308a\u307e\u3059\u3002<\/p>\n

\"37b2ada4363250886c4fdf2a8d8fc273\"<\/p>\n

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ACE Markets \u306f\u3001MetaTrader 5 (MT5) \u53d6\u5f15\u30b7\u30b9\u30c6\u30e0\u3068\u306e\u7d71\u5408\u3092\u901a\u3058\u3066\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u5206\u6790\u3092\u30b5\u30dd\u30fc\u30c8\u3059\u308b\u4e00\u9023\u306e\u30c4\u30fc\u30eb\u3092\u8cb4\u91d1\u5c5e\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u63d0\u4f9b\u3057\u307e\u3059\u3002\u3053\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001\u30ed\u30f3\u30c9\u30f3\u30b4\u30fc\u30eb\u30c9\u3084\u30ed\u30f3\u30c9\u30f3\u30b7\u30eb\u30d0\u30fc\u306a\u3069\u306e\u73fe\u7269\u8cb4\u91d1\u5c5e\u306eCFD\u53d6\u5f15\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002 MT5 \u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u7d44\u307f\u8fbc\u307e\u308c\u305f\u7d4c\u6e08\u30ab\u30ec\u30f3\u30c0\u30fc\u306f\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u3001CPI\u3001PCE\u3001\u9023\u90a6\u6e96\u5099\u7406\u4e8b\u4f1a\u306e\u91d1\u5229\u6c7a\u5b9a\u306a\u3069\u306e\u4e3b\u8981\u306a\u30de\u30af\u30ed\u7d4c\u6e08\u30c7\u30fc\u30bf\u306e\u767a\u8868\u65e5\u3092\u8ffd\u8de1\u3059\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002\u30de\u30eb\u30c1\u30bf\u30a4\u30e0\u30d5\u30ec\u30fc\u30e0\u30c1\u30e3\u30fc\u30c8\u3092\u4f7f\u7528\u3059\u308b\u3068\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0\u306b\u3088\u3063\u3066\u5f15\u304d\u8d77\u3053\u3055\u308c\u308b\u30c8\u30ec\u30f3\u30c9\u306e\u5909\u5316\u3092\u9031\u6b21\u304a\u3088\u3073\u65e5\u6b21\u30c1\u30e3\u30fc\u30c8\u3067\u89b3\u5bdf\u3067\u304d\u307e\u3059\u3002\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u901a\u77e5\u306f\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u4e3b\u8981\u306a\u4fa1\u683c\u30ec\u30d9\u30eb\u3067\u306e\u30d6\u30ec\u30a4\u30af\u30a2\u30a6\u30c8\u3092\u8fc5\u901f\u306b\u76e3\u8996\u3059\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u6a5f\u80fd\u306f\u96c6\u5408\u7684\u306b\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u5206\u6790\u304b\u3089\u53d6\u5f15\u57f7\u884c\u307e\u3067\u306e\u30a4\u30f3\u30d5\u30e9\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u3092\u5f62\u6210\u3057\u307e\u3059\u3002<\/p>\n

ACE Markets \u306f\u3001GOLD\u3001EMERALD\u3001PLATINUM \u306e 3 \u3064\u306e\u53e3\u5ea7\u30bf\u30a4\u30d7\u3092\u63d0\u4f9b\u3057\u3066\u304a\u308a\u3001\u6700\u4f4e\u5165\u91d1\u984d\u306f 1,000 \u30c9\u30eb\u3001\u6700\u5927\u30ec\u30d0\u30ec\u30c3\u30b8\u6bd4\u7387\u306f 1:500 \u3067\u3059\u3002\u3053\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001\u30de\u30af\u30ed\u30d9\u30fc\u30b9\u306e\u30c8\u30ec\u30f3\u30c9\u30d5\u30a9\u30ed\u30fc\u6226\u7565\u3092\u81ea\u52d5\u5316\u3057\u305f\u3044\u30c8\u30ec\u30fc\u30c0\u30fc\u304c\u5229\u7528\u3067\u304d\u308b\u6a5f\u80fd\u3067\u3042\u308b\u30a8\u30ad\u30b9\u30d1\u30fc\u30c8\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc (EA) \u3092\u30b5\u30dd\u30fc\u30c8\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

IV.\u8cb4\u91d1\u5c5e\u30c8\u30ec\u30fc\u30c0\u30fc\u5411\u3051\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u5206\u6790\u306e\u53c2\u8003\u8cc7\u6599<\/p>\n

\u30de\u30af\u30ed\u7d4c\u6e08\u30c7\u30fc\u30bf\u8ffd\u8de1\u30ea\u30b9\u30c8\u3092\u4f5c\u6210\u3059\u308b: \u9023\u90a6\u6e96\u5099\u5236\u5ea6\u306e\u91d1\u5229\u6c7a\u5b9a\u3001\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u3001CPI\/PCE \u30a4\u30f3\u30d5\u30ec \u30c7\u30fc\u30bf\u3001\u7c73\u30c9\u30eb\u6307\u6570\u306e\u50be\u5411\u306a\u3069\u306e\u4e3b\u8981\u306a\u30de\u30af\u30ed\u7d4c\u6e08\u6307\u6a19\u3092\u5b9a\u671f\u7684\u306b\u76e3\u8996\u3057\u307e\u3059\u3002<\/p>\n

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\u7d50\u8ad6<\/p>\n

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