2026-01-13 12:23:40

This round of gold rally looks fierce, but the driving force is definitely not emotional speculation. The real catalyst is the market beginning to recognize the "systemic risk premium."

From a technical perspective, gold prices have effectively broken through the previous resistance zone, completing an upward trend structure. To be honest, as early as summer 2023 when gold approached $2000, momentum signals had already appeared—it's just that everyone was pretending not to see them.

But now it's different. The key turning point is that macro-level "non-economic variables" are starting to surface. Especially after the U.S. Department of Justice served a grand jury subpoena to Federal Reserve Chair Jerome Powell, the market's expectations framework has been reorganized.

The most painful question also emerges: does the long-assumed "complete institutional independence" of the Federal Reserve still hold?

Once this assumption is shattered, a chain reaction will spread to the entire logic of financial asset pricing. Gold has shifted from a safe-haven asset to a direct bet on institutional credibility.

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ApeDegen

· 01-15 23:47

Damn, is the Federal Reserve's independence really about to be compromised? That wave of gold isn't just hype; it's a bet on the system's credibility. I've sensed something was off for a while; we should have jumped in back in 2023. Once the subpoena arrives, the entire game changes—this is true systemic risk. If the system's credibility collapses, all assets will need to be revalued, and gold becomes the safest. Someone must have seen this coming long ago; no wonder institutions are rushing so aggressively. Wait, does this mean the fiat currency's credit system is also flawed? This is the most terrifying part—it's not the gold price rising, but the dollar's credibility eroding. Damn, I need to reassess my holdings again. The term "systemic risk premium" sounds uncomfortable; it indicates the problem is more serious than we thought.

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AllInAlice

· 01-15 15:36

The systemic risk premium is spot on; it should have been understood long ago. --- Wait, is the news about Powell being subpoenaed really that big? --- The gold price breaking through resistance levels has been anticipated for a while; it's just that no one dares to speak up. --- Betting system credit? That’s the real final game. --- Those who missed the 2023 rally are now panicking, haha. --- Will the Federal Reserve's independence really be compromised? Then traditional asset allocation will need to be rewritten. --- This is the true value of gold, not just a safe haven. --- Feels like a new cognitive dimension has been unlocked. --- The chain reaction will definitely be intense this time. --- I've sensed something strange for a while; turns out the problem is deeper than I thought.

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degenonymous

· 01-13 12:53

I've said it before, the Fed's independence can't be hidden forever. Once the subpoena arrives, everything changes. There's a reason behind this wave of gold price increase. The collapse of institutional trust means everything is over. The real black swan has probably just begun. You couldn't see it in 2023, and it's quite typical to only react now.

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GasFeeCrier

· 01-13 12:49

The moment institutional independence collapses, gold prices might just be the appetizer. --- I've been saying it all along, who the hell cares about the signals in 2023? Now cry about it. --- The moment Powell received the subpoena, I knew the game had changed. --- Betting on gold—how desperate do you have to be to go this far? --- The breakdown of Federal Reserve independence, honestly, the probability of a black swan is sky-high. --- Basically, the market has started to lose faith in the system itself; the rise in gold prices is no longer important. --- A chain reaction is coming; it won't be just gold acting up then. --- That 2000 wave was truly a huge signal that was wasted. --- Now, the logic of financial asset pricing needs to be rewritten.

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SneakyFlashloan

· 01-13 12:49

Wow, the issue with the subpoenas is really a turning point. No one dared to speak out before... If the Federal Reserve's independence collapses, everything is over. This wave of gold price increase isn't a bubble, it's a gamble. I've been saying since summer 2023 there was a chance, but why did everyone pretend to be blind back then? Those who are only reacting now have probably been cut already, haha. Once institutional trust drops below a certain level, no asset can be saved, brother. This is the real risk premium; everything else is just虚的

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GasFeeNightmare

· 01-13 12:40

The collapse of institutional credit is what allows gold to soar. To put it simply, it's a gamble on the Federal Reserve's independence. It should have been clear long ago; the signals in 2023 were right in front of us, yet no one dared to act.

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BlockTalk

· 01-13 12:27

Wait, Powell is being subpoenaed? Now the Fed's fig leaf is really coming off. Gold is the true king; I've seen through this trick long ago. When institutional credit collapses, gold is the ultimate answer; there's no other choice. This is the real awakening moment for asset allocation.

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