Today is February 1st, and the Spring Festival holiday officially starts in China on February 14th. That means there are still two full weeks of workdays left to plan ahead. At this time, the moves by SHFE and CME are quite interesting. On one hand, SHFE has adjusted the price limit for some gold futures contracts to 16%, and the margin (hedging/general) to 17%/18%; for silver futures, the price limit is adjusted to 17%, and the margin to 18%/19%. On the other hand, CME has raised the Comex gold margin rate from 6% to 8%, and silver from 11% to 15%. For SHFE, this is a proactive measure to address the increased risk of price gaps when the market reopens after the holiday, preventing forced liquidation at the opening. Higher margin requirements mean fewer positions can be opened with the same amount of money. Many major funds might choose to withdraw liquidity before the holiday to avoid risks. Before the holiday, market liquidity might thin out, and even small orders could push prices up or down significantly. There might be some good opportunities to snag bargains.