"Crazy" precious metals: gold and silver reach new historical highs, the "super cycle" is far from over.

The crazy trend of precious metals continues. On December 22nd, spot gold broke through $4400 per ounce, spot silver broke through $69 per ounce, both hitting historic highs, and spot platinum rose above $2000 per ounce for the first time since 2008. On the news front, the recent escalation of geopolitical tensions is one of the triggers. According to Xinhua News Agency, on the 20th, NBC reported that Israeli Prime Minister Netanyahu is preparing to inform US President Trump that Israel may strike Iranian facilities again due to concerns about Iran "expanding its ballistic missile production". In addition, the US interception of oil tankers has further exacerbated tensions with Venezuela. Xinhua News Agency reported that on the 21st, multiple US media outlets reported that the US Coast Guard was still intercepting the tanker "Bella 1" in international waters near Venezuela. This is the third tanker intercepted by the US to pressure Venezuela in less than two weeks. Looking back over the past year, the precious metals market has been extremely hot. Thanks to the global central bank buying spree, Fed rate cuts, and increased safe haven demand, as of December 22nd, the price of gold has risen by over 60% this year, while the price of silver has risen by over 130%.