Gold and silver hit new highs together, but I don't quite agree that this is just a simple "risk aversion market." It seems more like a reordering of global assets based on safety. On the surface, it's due to the November CPI cooling unexpectedly, prompting the market to revise up the easing expectations for 2026; but at a deeper level, the change is that the US dollar credit system is being continuously eroded amid high deficits, long-term fiscal overdrafts, and normalized geopolitical conflicts. When "US dollar +

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