Gold rebounds as expected. Can it reach 5000?

The market is like a mirror that reveals your true self. During this wave of sharp declines in gold and silver, many people were immediately exposed.

Those bloggers who constantly shout about a bull market and claim prices will keep rising are being cursed left and right; investors who chase the highs and sell at the lows in a heated frenzy have lost everything, even their underwear.

When bloggers promote a bull market, it’s essentially for traffic: if they’re right, they gain followers and fame; if they’re wrong, they just delete their posts and disappear, with no real loss. But what about retail investors following the trend? One mistake means real money lost, and in the end, they have to pay the price themselves. In this life, everyone ultimately has to pay for their ignorance and impulsiveness.

A couple of years ago, during the gold and silver bull market, everyone jumped in—stay-at-home moms, elderly folks—all thought investing was easy, that they could just buy and make money. But they never considered that the market is never risk-free; the biggest danger isn’t market fluctuations but their own ignorance. Earning easy money in the past led many to believe making money was simple, but this wave of sharp declines has awakened everyone.

This market is never a cash machine for everyone. The more time passes, the more it’s reserved for the truly professional. Those who are trapped at high prices or have full positions and are suffering heavy losses really need to wake up.

Actually, before the Spring Festival, I repeatedly warned about the risks of silver, telling friends who were caught up earlier that they should sell once the rebound surpasses 23. But many in the comments scolded me, saying they’d never see prices below 20 again, that after the holiday it would hit 35, and by the end of the year, 50. Anyone who says such things is either stupid or malicious.

The core of trading has never been about listening to others, but about using your own judgment and thinking. If you hear someone say “bull market,” and you go all-in without thinking, who can you blame when you lose?

No one can make money beyond their level of understanding. Whether you’re a beginner or a novice, after this wave of decline, you should either learn technical skills and develop the right mindset or admit defeat and exit the market. Stop dreaming of overnight riches.