HK-US Market Review (10.16) Gold is skyrocketing, should we get on board?

Dear friends, gold has been "going crazy" recently—the international gold price has surged nearly 60% this year, hitting $4,216 per ounce. This rally is making everyone itchy, setting new highs every day, and people keep asking me, "It's so strong now—can I still get in?" I know many are almost unable to hold back when they see this trend, but I want to say, don’t rush, stay calm first.

1. Gold is also a risky asset—don’t let the rally cloud your judgment

First, gold is not a safe haven; it’s a risky asset, and this understanding is crucial. Don’t forget the risks just because it’s been performing well recently. Even gold can correct or get dumped. Investing in gold requires a mindset of accepting losses.

Actually, this logic applies to all assets—whether stocks, Bitcoin, or gold, as long as prices fluctuate, they’re not absolute "safe assets." So, don’t assume it’ll keep rising just because the market is hot, and don’t blindly jump in just because others are making money.

2. This gold bull market does have its fundamentals

Admittedly, this gold rally does feel like a "return of the king."
Let me briefly outline the three core drivers: 1. A weaker dollar makes gold a credit anchor. After years of trade wars, the global trust in the dollar is being reassessed, and central banks naturally favor hard assets like gold. 2. Stronger Fed rate-cut expectations. With falling U.S. bond yields, the "rate cuts = gold up" narrative is heating up. Everyone believes it now—just mention rate cuts, and gold surges. 3. Global capital is hunting for "alternative assets." Bitcoin’s massive rally in recent years has made the market rethink alternatives. And gold? It’s the most traditional, utility-backed alternative.
Tangible, hack-proof—money naturally pours in. As long as the "rate cuts boost gold" logic holds, gold has short-term upside. This trend is strong; without major negative catalysts, a sudden reversal is unlikely.

3. But remember: The crazier the rally, the more you need a stop-loss

Time for some cold water. In any market, especially one hitting new highs daily, the more euphoric it gets, the more cautious you should be. For example, if supply surges or profit-takers dump, gold could drop unexpectedly.
Plus, gold has no clear valuation—you can’t say if it’s "expensive" or "cheap," so you can only follow the trend.
And if you’re trend-following, you must use a stop-loss. If you really want to buy, try small positions in batches, but always plan an exit strategy. Ride the uptrend, but have an exit plan for reversals—that’s rational investing. History shows most who "buy when they can’t take it anymore" end up as bagholders. Let’s not be those people.

Back to $Hang Seng Index(00HSI.HK) 

For the Hang Seng Index, the same rule applies—ignore short-term volatility, focus on the long term. As long as the uptrend holds, with higher highs, there’s no need to panic. Today’s action looks stable; short-term risks seem limited. Watch tomorrow’s performance—ideally, it holds its rhythm without being swayed by external news.

Stock specifics

$MEITUAN(03690.HK) , $JD-SW(09618.HK) , $BABA-W(09988.HK) , $AAC TECH(02018.HK) —for these long-term holdings, I’ll repeat yesterday’s line: We won’t buy at the bottom or sell at the top, but buying relatively low and selling relatively high is enough. That’s the real strategy.

U.S. stocks

The U.S. market remains slow.
$Tesla(TSLA.US) has finally started correcting—good.
$NVIDIA(NVDA.US) ’s correction isn’t over yet, and $Apple(AAPL.US) needs more time.
For $Amazon(AMZN.US) , I entered at 217—if it drops near 200, I’ll consider adding.

Quick summary

Gold is surging, but don’t let emotions drive you. Remember: Gold is risky; strong trends don’t last forever; if you enter, use a stop-loss. As for the Hang Seng and our holdings, hold what you should, wait where needed. The market will correct itself—real opportunities go to the patient.