The US Dollar Index and the VIX Index are currently the best indicators for observing market conditions. The US dollar remains the primary safe-haven asset. If global capital truly senses a crisis, it will undoubtedly take two actions: first, repatriate funds to the US dollar for hedging; second, purchase VIX indices for hedging. Understanding the relationship between gold, silver, and the US dollar requires time; gold and silver are opposing forces. The major trend for the next few years is significant US money printing, which will likely lead to continued increases in gold and silver prices. However, in the event of an emergency crisis like the one involving Iran, the US dollar will remain the primary safe-haven asset, not gold. Most of the time, gold has little to do with "safe-haven" status, unless the US dollar's credibility is truly compromised, or the US itself faces problems. Only then will gold become the primary safe-haven asset. Currently, if we want to understand the true intentions of major asset holders, the fluctuations in gold prices and stock market performance cannot accurately reflect their intentions; we must look at the US Dollar Index and the VIX Index.
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