#马年开工第一帖 Gold and Silver: Encountering Sharp Sell-offs, Shorting Is Justified

Gold and silver have experienced synchronized sharp sell-offs over the past 4 hours, with a market value evaporating approximately $850 billion. The safe-haven belief is being completely shattered, and the shorting logic is clear:
1. Abnormal Volatility: Rapid plunges are characteristic of high-volatility assets and are not indicative of stable safe-haven properties. The market's over-reliance on safe-haven consensus is collapsing, not due to fundamentals adjustment.
2. Liquidity Collapse: Institutional leverage is being liquidated en masse, liquidity shortages trigger chain reactions of selling, and even stable assets are not immune to being trampled, with downward momentum still present.
3. Structural Risk Explosion: Divergence in institutional risk tolerance and algorithmic trading amplifying volatility. Once the consensus breaks, the downward trend becomes difficult to reverse, with no support in the short term.

Currently, the bullish logic for gold and silver has failed, and panic and liquidation cycles continue. Follow the trend to short, seize the opportunity of a sustained decline, and strictly control positions and stop-losses.