Gold nuggets the hands of the miner. The working hands of a peasant with pure gold. top viewgettyOne thing I’ve always been astonished by is how fast a winning strategy (in investing and in life!) can suddenly slam into a wall—and start causing a lot of pain.Consider, for example, the life of a mortgage banker in the 2000s: They made easy money for years, then the subprime-mortgage crisis threw them out of work overnight.This happens in investing, too, which is why it’s always good to stay humble and well-d ...

贵金属市场年度表现 - 黄金价格在过去一年上涨约56%，年初至今上涨60% [1] - 白银价格在过去一年上涨62.6%，年初至今上涨78.4% [1] 近期价格回调 - 过去一周黄金价格下跌2%，白银价格下跌5% [2] - 截至周二下午，黄金ETF（GLD）当日下跌6%，白银ETF（SLV）当日下跌7.9% [2] - 分析师认为此次回调是由于交易过于拥挤及价格上涨过快后的获利了结 [3][4] 价格回调驱动因素 - 上海期货交易所上调保证金要求，引发从亚洲蔓延至全球的抛售 [5] - 价格回撤的剧烈程度表明近期部分上涨由投机驱动 [5] - 白银市场面临实物供应紧张问题，但此基本面因素尚未改变 [6] - 铂金在实物短缺驱动下的上涨未受阻止，表明白银也可能类似 [6] 市场观点与分析 - 分析师指出黄金和白银的基本面未变，长期支撑依然存在 [4] - 过去一个月的上涨强度在一定程度上缺乏合理性，导致对正面贸易消息反应过度 [4] - 实物短缺驱动的上涨可能不会因弱持仓者和投机者被震出市场而停止 [6]