Whenever the economic cycle reaches a critical turning point, the true face of the market will gradually emerge. Currently, the 2025 milestone is quite interesting—on one hand, domestic public opinion is filled with pessimism and a lack of confidence in the outlook; but on the other hand, those who see through the cycle have already quietly started their布局 in 2023 to 2024.

History always repeats itself. In the last major cycle, gold, as the last asset to peak, helped commodities complete their final retreat. This time? When the new cycle begins, gold has instead become the first asset to initiate an upward attack. This signal is worth pondering.

What does it mean once gold leads the surge? It indicates that the rotation of core assets is about to unfold. All mainstream safe-haven assets and scarce assets will follow suit and rise. The issue is not whether they will go up, but whether you have prepared in that window of opportunity in advance.