Don't rush to refute! Just look at the historical data. In the past 30 years, in six interest rate cut cycles, five times the market plummeted more than 15% within three months after the cuts. Is this luck? Nonsense! This is the iron law of capital devouring people.

Look at how flashy last year's operations were: The market was buzzing that the Federal Reserve would cut rates in 2025, and gold ETFs were buying like they were on drugs, pushing the gold price from $2600 to $3000. At that time, Michael Saylor was subtly hinting on social media about increasing his Bitcoin position, and what happened? In March this year, the Fed casually said 'no rate cuts for now', and institutions immediately started dumping, crashing the gold price down — I’ve seen this routine many times, the big players set up in advance, and when the news lands, they harvest, while the retail investors always take the bait.

The worst off are the Chinese aunts, who were frantically buying gold bracelets when the price hit a high of $850 in January, only for the price to drop after the March news. Considering brand markups and processing fees, on average they lost at least 10%. April was even more thrilling, with Trump suddenly shouting about firing the Fed chairman, compounded by tariff issues. During the Qingming Festival holiday, the gold price took a nosedive from $3300 to $3000; who knows how many leveraged gamblers were wiped out in an instant.

However, later the storyline took a magical turn: China stood firm against the tariff policy, the U.S. backed down, and the whole world jumped out to oppose it, essentially nullifying the trade war, and the gold price started to rise again. What does this teach us? Rate cuts are just a financial trick of the Americans; don’t forget they hold the world's largest gold reserves, and the gold price is essentially controlled like a puppet by the Fed.

To be honest, if you’re trading gold, you must keep a close eye on the Fed's movements, especially when the market suddenly collectively reaches a climax saying 'rate cuts are coming, rate cuts are coming' — that’s when the sickle is sharpened the brightest. What truth is there in capital markets? When everyone is celebrating, it's the signal for harvesting to start.

Lastly, let’s talk sincerely: your gold position should never exceed 5%-10% of your total assets, and your stop-loss line must be firmly established. Rather than dreaming of getting rich, preserving your principal is the key. The market changes every day, don’t push yourself too hard.