<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2013/07/18/10/56/gold-163519_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2013/07/18/10/56/gold-163519_960_720.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<p>今天金融系统的头条新闻是黄金再次飙升。</p>
<p>当前黄金的牛市始于 2024 年初，当时这种贵金属突破了多年的整合模式，向上突破。</p>
<p><img src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111251.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111251.png"/></p>
<p>值得注意的是，这是一种_全球_现象，黄金在当时对美元、欧元、日本日元和瑞士法郎的汇率都呈现出垂直上涨。</p>
<p><img src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111252-422x1024.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111252-422x1024.png"/></p>
<p>2024 年初发生了什么？</p>
<p>全球央行集体发出信号，表示将推出新一轮货币宽松。而由于金融系统从疫情期间印刷的巨额货币中（美国在疫情期间印刷了 40% 的所有货币）从未完全恢复，这表明央行选择通过人为降低利率和印刷货币来 “通胀化” 世界的债务。</p>
<p>简单来说，2024 年是金融系统开始从纸币/法定资产向实物资产发生重大转变的一年。</p>
<p>自那时以来，以美元计价的黄金价格呈抛物线式上涨，从每盎司 2000 美元涨至超过 4400 美元。显然，在投资中，没有什么是直线上升或直线下降的。在经历了这样的上涨后，黄金是时候喘口气了。</p>
<p>然而，令人惊讶的是，这次喘息的时间似乎非常短。正如大卫·塞万提斯所指出的，自 2006 年开始的长期牛市以来，黄金的平均修正期持续了三个月。</p>
<p>但这次似乎不是这样……</p>
<p>昨天黄金大幅上涨，冲击每盎司 4100 美元的阻力位。如果这种贵金属能够坚定地突破该水平，这将是一个重大信号，表明低点已经到来，黄金将达到新高。</p>
<p><img src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111253.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111253.png"/></p>
<p>虽然黄金未来可能表现良好，但最大的机会将出现在贵金属矿业公司。我说的是三位数甚至四位数的收益。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>这一切将释放出新一轮的通货膨胀</p>
<p>这是今天投资者的头号问题</p>
<p>血腥屠杀已经到来</p>

BULL

<p>黄金正经历显著的牛市，自 2024 年初以来，价格从每盎司 2000 美元上涨至超过 4400 美元，这一趋势受到全球中央银行货币宽松政策的推动。从法定货币转向硬资产的变化表明黄金可能会迎来新的高点，特别是如果其突破每盎司 4100 美元的话。最好的投资机会可能在于贵金属矿业公司，这可能带来可观的收益</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2013/07/18/10/56/gold-163519_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2013/07/18/10/56/gold-163519_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><p>The #1 story for the financial system today is the fact that gold is soaring again.</p>
<div class="lb-trans"><p>今天金融系统的头条新闻是黄金再次飙升。</p>
</div><p>The current bull run in gold started in early 2024 when the precious metal broke out of a multi-year consolidation pattern to the upside.</p>
<div class="lb-trans"><p>当前黄金的牛市始于 2024 年初，当时这种贵金属突破了多年的整合模式，向上突破。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111251.png" alt="" original-src="https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111251.png"/></p>
<p>It’s important to note that this was a <em>global</em> phenomenon, with gold going vertical against the $USD, the Euro, Japan’s Yen, and the Swiss France at that time.</p>
<div class="lb-trans"><p>值得注意的是，这是一种_全球_现象，黄金在当时对美元、欧元、日本日元和瑞士法郎的汇率都呈现出垂直上涨。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111252-422x1024.png" alt="" original-src="https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111252-422x1024.png"/></p>
<p>What happened in early 2024?</p>
<div class="lb-trans"><p>2024 年初发生了什么？</p>
</div><p>Collectively, global central banks signaled that they were introducing another round of monetary easing. And since the financial system had never fully recovered from the obscene amount of money printing that had taken place during the pandemic (40% of all the money ever printed in the U.S. was printed during the pandemic), this was a signal that central banks were opting to “inflate away” the world’s debts by devaluing their currencies via artificially low interest rates and money printing.</p>
<div class="lb-trans"><p>全球央行集体发出信号，表示将推出新一轮货币宽松。而由于金融系统从疫情期间印刷的巨额货币中（美国在疫情期间印刷了 40% 的所有货币）从未完全恢复，这表明央行选择通过人为降低利率和印刷货币来 “通胀化” 世界的债务。</p>
</div><p>Put simply, 2024 was the year that the financial system began a tectonic shift from paper/fiat assets to hard assets.</p>
<div class="lb-trans"><p>简单来说，2024 年是金融系统开始从纸币/法定资产向实物资产发生重大转变的一年。</p>
</div><p>Since that time, gold, priced in U.S. dollars, has gone parabolic, rising from $2,000 per ounce to over $4,400 per ounce. Obviously, in investing, nothing goes straight up or straight down. And after a run like this, gold was due for a breather.</p>
<div class="lb-trans"><p>自那时以来，以美元计价的黄金价格呈抛物线式上涨，从每盎司 2000 美元涨至超过 4400 美元。显然，在投资中，没有什么是直线上升或直线下降的。在经历了这样的上涨后，黄金是时候喘口气了。</p>
</div><p>What’s striking however, is how short this breather is proving to be. As David Cervantes has noted, gold’s average correction has lasted three months since the secular bull market began in 2006.</p>
<div class="lb-trans"><p>然而，令人惊讶的是，这次喘息的时间似乎非常短。正如大卫·塞万提斯所指出的，自 2006 年开始的长期牛市以来，黄金的平均修正期持续了三个月。</p>
</div><p>Not this time it appears…</p>
<div class="lb-trans"><p>但这次似乎不是这样……</p>
</div><p>Gold exploded higher yesterday, rallying into overhead resistance at $4,100 per ounce. If the precious metal can break above that level with conviction, it is a MAJOR signal that THE LOWS are in, and gold is going to new highs.</p>
<div class="lb-trans"><p>昨天黄金大幅上涨，冲击每盎司 4100 美元的阻力位。如果这种贵金属能够坚定地突破该水平，这将是一个重大信号，表明低点已经到来，黄金将达到新高。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111253.png" alt="" original-src="https://43s.159.myftpupload.com/wp-content/uploads/2025/11/GPC1111253.png"/></p>
<p>And while gold will likely do very well going forward, the biggest opportunities will occur in precious metals miners. I’m talking about triple if not QUADRUPLE digit gains.</p>
<div class="lb-trans"><p>虽然黄金未来可能表现良好，但最大的机会将出现在贵金属矿业公司。我说的是三位数甚至四位数的收益。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>All Of This Is Going To Unleash Another Round Of Inflation</p>
<div class="lb-trans"><p>这一切将释放出新一轮的通货膨胀</p>
</div><p>This Is The No. 1 Question For Investors Today</p>
<div class="lb-trans"><p>这是今天投资者的头号问题</p>
</div><p>The Bloodbath Has Arrived</p>
<div class="lb-trans"><p>血腥屠杀已经到来</p>
</div>

黄金的低点已经出现……下一轮上涨即将开始