金银震荡144小时：大爷大妈排队“抄底”

Core Viewpoint - The precious metals market experienced a dramatic crash on January 30, 2026, with gold prices dropping by up to 16%, marking the largest single-day decline in nearly 40 years, while silver plummeted nearly 36%, erasing almost all gains from the previous month [1][9]. Group 1: Market Reaction - Following the crash, a significant number of older investors flocked to gold stores, particularly in Beijing, to take advantage of lower prices, with reports of over 200 people queuing at the Cai Bai store [2][3]. - The buying frenzy began immediately after the price drop, with many customers arriving before store opening hours, indicating a strong demand despite the volatility [2][3]. - The price of gold fluctuated significantly during the day, with a drop of over 20 yuan per gram within an hour, leading to potential cost differences for buyers depending on their wait time [3]. Group 2: Investor Behavior - Older investors displayed a calm demeanor, actively purchasing gold in large quantities, while younger investors faced panic selling and losses due to their recent entry into the market [7][8]. - Many young investors, who had entered the market during the previous gold surge, found themselves in a precarious position, struggling with the decision to sell at a loss or hold their positions [7][8]. - The market sentiment among younger investors was characterized by fear and uncertainty, with some opting to sell their holdings at a loss as prices continued to decline [8]. Group 3: Market Dynamics - The recent crash was attributed to a combination of factors, including a significant increase in gold and silver prices throughout 2025, which set the stage for a technical correction [9][10]. - Institutional investors showed limited enthusiasm for further price increases, leading to profit-taking and a chain reaction of sell-offs that exacerbated the market decline [10]. - The Chicago Mercantile Exchange's decision to raise margin requirements for metal futures also contributed to forced liquidations among leveraged investors, further intensifying the market downturn [11]. Group 4: Future Outlook - Despite the current volatility, some institutions remain optimistic about the long-term prospects for gold and silver, with predictions of gold prices reaching $6,000 per ounce by 2026 and silver prices around $105 per ounce [11][12]. - However, there are warnings about potential shifts in monetary policy that could impact the ongoing bull market for gold, suggesting that investors should remain cautious [11][12].