I’ve been browsing around, and it’s everywhere talking about gold and silver… especially silver. After breaking out of the “cup and handle” pattern last year, I only participated briefly before jumping out, then at the end of the year I tried a PUT and stopped out… I really don’t understand this accelerated rise this year. Friends around me ask for my opinion, and I always reply that it’s best not to participate regardless of bullish or bearish signals, especially if you don’t have strict trading discipline. And these days, there are also a lot of hindsight calls… “See, I told you to short,” just like a few days ago when gold and silver were surging, the teachers said, “See, I told you to buy,” just the same [Haha]. Also, I guess there aren’t many who dared to heavily short at high levels this round; true bears were wiped out earlier, which helped push this wave of rapid gains. If someone managed to top out with a heavy position, I think you’re just a gambling dog, you get it? So, regarding the future, honestly, I think the phrase “gold and silver are no longer safe-haven assets but risk assets” is common sense, but it’s not [Haha]. The commodity bull market might not be over yet, but are you really willing to play with gold and silver?
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I’ve been browsing around, and it’s everywhere talking about gold and silver… especially silver. After breaking out of the “cup and handle” pattern last year, I only participated briefly before jumping out, then at the end of the year I tried a PUT and stopped out… I really don’t understand this accelerated rise this year. Friends around me ask for my opinion, and I always reply that it’s best not to participate regardless of bullish or bearish signals, especially if you don’t have strict trading discipline. And these days, there are also a lot of hindsight calls… “See, I told you to short,” just like a few days ago when gold and silver were surging, the teachers said, “See, I told you to buy,” just the same [Haha]. Also, I guess there aren’t many who dared to heavily short at high levels this round; true bears were wiped out earlier, which helped push this wave of rapid gains. If someone managed to top out with a heavy position, I think you’re just a gambling dog, you get it? So, regarding the future, honestly, I think the phrase “gold and silver are no longer safe-haven assets but risk assets” is common sense, but it’s not [Haha]. The commodity bull market might not be over yet, but are you really willing to play with gold and silver?