“人人都预期”的黄金崩盘发生了，现在人人都等着抄底？

Core Viewpoint - The recent gold market crash did not trigger panic but instead ignited a buying frenzy among retail investors globally, while most precious metals analysts maintained their core views [1][3][11] Market Reaction - The gold market experienced a significant drop, with prices plunging 6.3% on Tuesday, marking the largest single-day decline since 2013 [5] - Retail investors from Singapore to the U.S. reported a surge in buying activity, viewing the price drop as a buying opportunity [7][9][10] Analyst Perspectives - Analysts from MKS Pamp SA and Heraeus Precious Metals had previously warned about an overextended market, indicating that the crash was anticipated [4][11] - Most analysts believe this correction is a healthy market adjustment to clear out excesses, with predictions of a return to a more robust upward trajectory [11] Underlying Factors - The driving forces behind the current gold bull market include significant purchases by central banks, concerns over unsustainable sovereign debt levels, and increased participation from retail investors [11] - However, some analysts, including Michael Hartnett from Bank of America, question the solidity of the "devaluation trade" logic supporting gold prices, citing factors such as low U.S. Treasury yields and a budget surplus in September [12][13] Risks and Historical Context - Even bullish analysts like Gregory Shearer from JPMorgan acknowledge risks, including a potential slowdown in central bank purchases, drawing parallels to the 2011 gold price peak that took years to recover from [15]