Yesterday, Master Gu reviewed the major global macro assets in January 2026, focusing on gold, silver, and U.S. equity indices. Against the backdrop of ongoing geopolitical headlines—such as the renewed U.S. government shutdown risk and the Iran situation—he laid out both his trading framework and his forward-looking market calls. $黄金主连 2604(GCmain)$ $微黄金主连 2604(MGCmain)$ Before getting into each market, let’s start with the big headline that just hit today: gold sold off sharply. And importantly, Master Gu had already flagged the conditions for this kind of move yesterday. On precious metals, here’s how I would summarize his logic: “After a fast run-up in gold and silver—with volatility and

Hi everyone! Today we’re breaking down the latest CFTC data—the Commitments of Traders report published weekly by the U.S. Commodity Futures Trading Commission. If you trade futures, this is a must-watch indicator. Why? Because it reveals the balance between bulls and bears, tracks where big money is flowing, and offers key insights into market sentiment and price expectations. $白银主连 2603(SImain)$ $白银2603(SI2603)$ The report splits traders into two main groups: Commercial traders (industry players like miners or manufacturers hedging real exposure) Non-commercial traders (speculators—hedge funds, institutional players betting on price moves) We’ll walk through it together so yo

If there’s one clear focus in the futures market recently, it’s undoubtedly silver.But today, let’s take a step back from silver and zoom out for a broader perspective: Does the recent surge in gold and silver signal the start of a bull market in base metals? There’s a well-known commodity cycle that combines the Merrill Lynch Investment Clock with Jeremy Grantham’s concept of the “commodity supercycle launch sequence.” It goes like this: The early warning sign that an economic downturn is ending is a rise in gold and silver prices. $白银主连 2603(SImain)$ Why? Because during late-stage slowdowns, real demand is weak and industrial commodities languish—so capital flows into safe-haven assets like precious metals. At the same time, central banks w