At present, from the perspective of the board, gold, silver, oil stocks, US dollars and bonds should be in a fierce game. Whether the future is war or peace, and whether Trump's comments are psychological war or public debate, or are they really in contact with Iran, even if they are really in contact with the truce or cooling down probability? Is this rebound coming to an end or will it last for a day or two? According to further information, there should be contacts between the United States and Iran. Türkiye, Egypt and Pakistan have helped the United States and Iran to transmit information, but in fact this does not mean anything. This kind of communication channel has always existed. The key is that the internal stress of both sides has not been released. Once the war starts, it has its own internal logic. The longer it lasts, the less it will stop. The first week of the war, when it was just announced that the killing of Khamenei would be the best stopping point, but once this opportunity is missed, it will no longer exist. The consensus between the United States and Iran not to use nuclear weapons/dirty bombs is already the limit. The ceasefire conditions offered by both sides are too outrageous, and they will not honestly reach the negotiating table without a few moves. Although this so-called dialogue is destined to end in the bud, it seems that the trend of news triggering and data structure amplification can be sustained for a period of time due to the timing of its release coinciding with a key market node. Although these assets have different trends, they are ultimately driven by oil prices. The most important thing in the next few days is to see if there is any improvement in the subsequent news and actual shipping, if third countries such as Oman confirm the contact between the two sides, and if the damage to energy facilities continues to expand. Currently, in public information, Iran still denies negotiations, while the Israeli military stated on the same day that it continues to strike Tehran. Under these conditions, the current market is only rebounding rather than reversing. To sum up, the market tonight is a quick recovery after the market overshoot triggered by the delayed strike signal released by Trump. Whether it can continue depends on when the transport line of Hormuz Strait can pass safely.