杀疯了！史诗级新高。。

Group 1: Precious Metals Market - Gold and silver prices have reached historic highs, with spot gold nearing $4,500 and spot silver surpassing $70, marking annual increases of 70% and 140% respectively, potentially the largest annual gains since 1979 [1][2] - The current price of London gold is $4,484.47, reflecting a 0.93% increase, while London silver is priced at $69.339, up 0.44% year-to-date [2] - Domestic gold prices have also crossed 1,000 yuan per gram, with gold jewelry prices exceeding 1,400 yuan per gram, and gold-related ETFs have seen significant gains, with some rising over 90% this year [2] Group 2: Gold ETFs - There are two main types of gold-themed ETFs in the A-share market: gold stock ETFs and gold commodity ETFs, with the former tracking the SSH gold stock index and offering higher elasticity [2] - Six ETFs have assets exceeding 10 billion yuan, including Huaan Gold ETF, Bosera Gold ETF, and E Fund Gold ETF [2] - The management fees for some gold ETFs are as low as 0.2% per year, indicating a competitive fee structure in the market [3] Group 3: AI Market Concerns - The AI sector is experiencing significant growth, with concerns about a potential bubble; if AI is proven to be a bubble, it could lead to a global market collapse [7][8] - The current investment in AI infrastructure is substantial, and the year 2026 is seen as a critical point for determining the profitability of AI applications [7][8] - The AI industry is at a pivotal moment, with rapid advancements in model training and application, but there are concerns about over-investment and the sustainability of current valuations [10][14]