On the morning of December 31st, the precious metals market experienced a classic "roller coaster"行情. Gold, silver, and platinum each demonstrated their strengths, and investment strategies should be adjusted accordingly.

**The logic of gold is actually not complicated**

Yesterday's gold trend can be summarized in one sentence: it fell sharply, then rebounded sharply, and then lost momentum. This is a common market pattern—after a significant decline, a rebound is inevitable, but a rebound does not mean a reversal. From a technical perspective, this is a normal consolidation process, so there's no need to worry.

The key is how to operate. The basic logic of buying low and selling high never goes out of style; the only concern is investors participating blindly in the middle, which can be hurt by volatility. The recommended approach is: gradually enter the market when prices fall, and take profits in batches when prices rise, such as selling about 1/3 of the position each time. This way, you can optimize costs and avoid missing out on subsequent行情.

From a broader perspective, the Russia-Ukraine negotiations and Middle East situation are still fermenting, and risk aversion sentiment has not yet dissipated. The Federal Reserve has also signaled that there is still room for rate cuts this year. As long as inflation does not rebound and the employment market is not too tight, rate cuts are basically a certainty. These factors are favorable for the long-term trend of gold.

By the way, today is the last trading day before the domestic market holiday. Investors with heavy positions are advised to reduce their holdings now, so as not to carry too many positions into the long holiday, which could cause psychological stress.

**Silver requires special caution**

Silver surged by 10% directly yesterday, and this "妖性" (freakish nature) is truly remarkable. If you are holding physical silver, those who have already entered can continue holding, as the risk is relatively low. But if you are trading silver in online futures markets, do not hold positions overnight. This asset is highly volatile, with significant risk, and it’s easy to get liquidated if you're not careful.

**Platinum: Observation is better than action**

The trend of platinum is somewhat similar to silver; in the short term, it is likely to oscillate around a certain range. Since the market is in such a consolidation phase, investors might as well watch more and act less. There’s no need to rush into the market; maintaining a calm mindset is actually the most valuable.

Overall, the key points for making money in the precious metals market are: grasp the direction of the big trend, strictly control the position size of each trade, and keep a steady mindset. Doing these three well will enable steady growth amid market fluctuations.