Although there are various opinions on the reasons for the decline caused by gold and silver this week, they can be summarized as follows: 1. The situation in Iran is tense 2. Partial shutdown of the US government 3. Nominate Walsh to succeed the Federal Reserve, and he is known for his hawkish balance sheet tightening 4. The recent rapid rise has led to excessive killing But these four points actually have a turning point: 1. After Iran clears its traitor, it will be difficult for the United States to take action. Either the intensification of internal conflicts in Iran will give the United States an opportunity to take advantage of it, or the intensification of internal conflicts in the United States will require us to learn from the situation and shift our focus, otherwise it will still not be possible to start a war. Even if we do, it will still be bombing, and ground forces cannot be deployed. Therefore, we can focus on the theme of war. If we fight gold, it will still rise, but the more significant impact is actually the price of crude oil The US government can resume as early as next week, but there may be a larger shutdown in mid February. It depends on the struggle and compromise between the two parties. One thing is that Trump's health has been criticized by all parties. If he can't stay healthy until the end of his term of office, people around him will stay behind ahead of time, which is not conducive to the centralized unification of the party's forces against the Democratic Party. 3. Although Walsh was previously an eagle, he has become much more dovish recently in order to secure the position of Federal Reserve Chairman, and he is also a student of Druckenmiller, who is from the same school as Besson. These two people cooperated to complete the difficult task of US debt swap, so since Besent strongly supports familiar people to come up, it is better than a stranger no matter what. So there is no need to be too pessimistic about the monetary policy after the replacement of the Federal Reserve chairman. In the future, fiscal and monetary policies will definitely be coordinated in a package. 4. Currently, gold and silver are experiencing a healthy pullback, with no fundamental damage. They belong to a mid air refueling upward trend. Although silver, in particular, is moving very much like a CX bulldozer, it is not a knockoff and can still continue to rise after repair. The decline is just an opportunity to get on board/add positions. The only thing worth worrying about is the cryptocurrency industry, which is difficult to evaluate. Let's focus on precious metals in the US stock market first, and wait for the cryptocurrency market to clear up before entering.