Recently, the United States has been active in international affairs, especially in actions related to Venezuela and Greenland, directly impacting the energy and metals markets. Behind these changes reflects a deep adjustment in the global non-ferrous metal supply pattern, with the upward potential of related commodity prices expanding.

The US stock market is expected to continue its upward exploration next week, and the possibility of reaching a new all-time high within January indeed exists. However, the problem is that current capital concentration is too high, making it difficult to form a broad rally in the short term. The lack of more participants entering the market makes this rally seem somewhat lonely. By February and March, some internal market disturbances may occur, and the rhythm at that time will be hard to predict. The current attitude should be more cautious, and avoid being blinded by short-term gains.

Speaking of Bitcoin, its correlation with the US economy has been too tight in recent months. Although geopolitical tensions are contributing, the $100,000 threshold has never been reliably broken through, and the resilience of the bears is unexpectedly strong. Volatility this week will be relatively sharp, with a high risk of sharp rises followed by declines. It’s better to observe for now and wait for lower price signals before considering entering the market, which is more prudent.

As for Hong Kong stocks and A-shares, they are showing many opportunities. A-shares may see some adjustments next week, but the overall upward trend will not change. Now is actually a good window for building positions. If direct allocation to A-shares is difficult, consider Hong Kong stocks or use leveraged tools to track the FTSE China A50 Index. Hong Kong stocks have been suppressed quite harshly recently, but the rebound energy is accumulating, and the key is to pick the right stocks.

The gold trend is relatively clear—there will be fluctuations on the way to $4500, which is normal for oscillations. However, the support level at $4240 is very solid, and the probability of it being broken is very low. Gold investors might see this as a long-term holding opportunity; the bullish forces are slowly releasing, so patience is key.