2026-01-12 07:22:38

Gold, when it comes to this thing, boils down to two main logics—hedging properties and industrial reserve demand. As for the claims of "replacing the US dollar" and similar rhetoric, those are just talk; there's no need to take them too seriously.

The current question is, is the price of gold still worth buying? From a risk-reward perspective, honestly, it's not very cheap. If you find a bunch of people around you suddenly turning bullish on gold, you should be alert—that's often a signal.

Looking at the US stock market, after the rebound, the resistance level is still there. With a PE approaching 30, it's not cheap, and now with earnings season underway, the risks haven't disappeared—they've just been pushed into future pricing.

On the financial system side, there's a marginal change to watch—US banks are starting to tighten credit card limits by directly cutting 10%. This policy will temporarily drag down bank stocks, but the impact chain on consumption, employment, and corporate cash flow needs ongoing tracking.

Interestingly, the market is currently showing a "blossoming" state, with segments like real estate investment, space industry, drones, military, flexible solar, and chips already taking the lead.

Regarding employment and recession, data is being read repeatedly, and the market hasn't reached a consensus on "whether there's a recession," or rather, this answer is being driven by public opinion.

On the issue of interest rate cuts, current data and public sentiment point to a high probability that there won't be any movement in January. Right now, it's more about "expectation trading" rather than actual implementation; there's still a gap between market pricing and the real pace.

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LightningWallet

· 8h ago

Gold is indeed a bit expensive now. Too many people are optimistic, so be cautious. Wait, a 10% cut in credit card limits? Here we go again. U.S. stocks have a PE ratio nearing 30, yet people are still buying in. I just don't get it. Space, chips, and military industries are taking off together. This round is truly a hundred flowers blooming. Whether it's declining or not, forget it. Anyway, public opinion rules.

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fren.eth

· 8h ago

The gold price definitely needs some reflection A group of people suddenly all bullish, and I start to wonder if it's about to crash again US stocks with PE over 30 are rebounding, but the risks during earnings season haven't disappeared We need to keep a close eye on banks cutting credit card limits; the impact chain is long The gap between expected trading and actual realization is the key

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SocialAnxietyStaker

· 8h ago

Gold is indeed more hype than substance right now. It's annoying to see a bunch of people following the trend. PE30 in US stocks? Still want it cheap? Greedy. Earnings season is the real test; the risks haven't been avoided at all. Cutting credit card limits is a brilliant move; banks are really ruthless. The market is rising across the board, but I just can't understand it, and that's the scariest part. Is public opinion controlling the narrative about a recession? That's ridiculous. Interest rate cuts in January? I no longer believe it; the expectations and reality are too far apart.

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RetailTherapist

· 8h ago

Gold as a substitute for the US dollar? Just listen and forget it, it's better to study those emerging tracks instead. The more people watch and follow, the more they tend to run; this logic still holds. Still daring to chase the US stock PE30? Wait a bit, the earnings season is the real eye-opener. The issue of banks cutting credit limits needs to be thought over; the subsequent chain reaction could be very intense. Expectations of widespread trading are flying around, but the actual interest rate spread is still far away; the gap is indeed large. Space, military industry, chips—these are the real opportunities. The differentiation has just begun. If there's no consensus on recession, then everyone plays their own game; that's how the market should be.

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ProofOfNothing

· 9h ago

When a group of people are bullish on gold, they indeed need to reverse and short it, a lesson learned from experience. The PE30 level of the US stock market really has little appeal, so it's better to wait and see. The ongoing crackdown on bank credit limits needs to be closely watched, as the chain reaction could be bigger than expected. Are concepts like space and drones being hyped up again? Chips were also hyped last year. Expected trading, that's just the market's nature; actual data always comes too late. A rate cut in January is unlikely, but that doesn't mean there won't be surprises later; it depends on what the Federal Reserve says. Gold still follows the old, tired logic; chasing it now is just taking on the risk.

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liquiditea_sipper

· 9h ago

Gold prices, there's really nothing new; it's just the same two sets of talking points looping. A bunch of people around me are bullish on gold? Then you really need to be cautious; that's often a sign of a sell-off. US stocks with a PE of 30 are still touting a rebound, but earnings season isn't over yet, how can they be so optimistic? The thing about banks cutting credit card limits is interesting; the chain effect needs to be observed slowly, and bank stocks will suffer in the short term. The market is now "a hundred flowers blooming," which actually seems quite strange, almost like it's setting up some sectors for a takeover. Will a recession really come? The market has no definitive answer; it's all public opinion fueling the hype. The chance of a rate cut in January is very low, but in expectations trading, the real test is when the gap gets filled.

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