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Silver experienced a pullback after reaching $84/oz, falling by 5%, showing a clear divergence from the gold market. Technical indicators suggest the silver market is overheated, coupled with supply-demand imbalances and news impacts, leading to increased price volatility. Silver is structurally fragile, facing supply shortages that could affect industrial uses. The future market trend will depend on supply conditions and investor reactions.

The after-hours and futures electronic markets in the US stock market provide opportunities for extended trading hours, allowing investors to position themselves based on the latest news. However, participation in such trading requires attention to liquidity shortages, institutional dominance, and price volatility risks. Rational participation and the development of effective risk management strategies are crucial.

From Peak to Weak Rebound, What's Happening to Shipping Stocks?
The story of shipping stocks is like a roller coaster. In mid-2022, global shipping giants led by Maersk reached a historic high—quarterly profits once soared to $8.879 billion. But the reality was harsh; by the second quarter of 2023, this figure plummeted to $1.453 billion, a decline of 83%.
You read that right. Maersk's market value peaked in early 2022 and has since fallen by 60%. The same tragic story applies to German shipping giant Hapag-Lloyd, whose market value has also retreated by nearly 70% since the end of 2022.
Why have shipping stocks become the "harvest" for investors?
Simply put, shipping stocks are a barometer of macroeconomic conditions. When global trade is active and the economy is growing, these companies transport more goods, and profits rise. But once the economy enters a recession and trade cools down,

For Taiwanese investors, Hong Kong stocks are an important gateway to international investment and a strategic platform for expanding into the Chinese and Asia-Pacific markets. This guide will systematically introduce the trading characteristics, investment advantages, and trading rules of Hong Kong stocks, and select representative Hong Kong stock targets to help investors formulate their Hong Kong stock investment plans.
Hong Kong Stock Market: Mature, Fair, Efficient
As one of the most mature capital markets in Asia, Hong Kong stocks possess several notable advantages that make them particularly attractive to Taiwanese investors:
Market History and Regulatory Framework
The Hong Kong securities market dates back to 1866, with the first exchange officially established in 1891. After over 130 years of development, it has formed clear trading rules and a strict regulatory system. As one of the fairest and most mature markets in the world, this well-regulated environment allows investors to participate in Hong Kong stock trading with confidence.
Geographical and Language Advantages
Hong Kong, Macau, and Taiwan are all located in East Asia, with similar trading hours, and language

ADA (Ada) as the native token of Cardano has gained market recognition for its advanced PoS consensus mechanism and robust ecosystem planning. However, its ecosystem development is relatively lagging, and there is still a need to strengthen application layer construction and technical delivery. Achieving progress in application areas such as DeFi will be key in the future.

What exactly is a liquidation? Why does it happen when you are completely unprepared?
You may have heard of someone investing and losing everything overnight, even ending up in debt—that's what is called a "liquidation." Simply put, liquidation occurs when your trading position is against your prediction, and the funds in your account fall below the minimum margin requirement. The trading system will automatically force close all your positions, leaving you with no chance to recover.
Even more frightening, liquidation not only causes you to lose your principal investment; if the market moves too extremely, you could also incur debt—owing money to the broker even after losing all your initial capital.
Why does liquidation happen? There are mainly two core reasons:
1. Incorrect judgment: You predict the market will move in a certain direction, but it moves in the opposite direction.
2. Insufficient margin: The loss is too large, and the account equity drops below the broker's minimum margin requirement.
When the system detects that your available margin is insufficient to maintain your current

Divergence refers to the phenomenon where multiple indicators or assets move in opposing directions, signaling potential market turning points. It's crucial for traders and investors to recognize these signals for effective portfolio management and investment strategies.

The essay highlights the pitfalls of over-analyzing market trends and emphasizes the importance of timing over direction in trading. By focusing on capital flow and disciplined execution, the author outlines a successful strategy that dramatically increased their portfolio with minimal effort.

Recent success stories in cryptocurrency trading have highlighted a particular technical approach: one delivery worker in Zhejiang province stayed committed to a single strategy and transformed 500 USDT into 60,000 USDT in half a year—a 120x return that exceeds a decade of traditional income.

Can the Forex Market Actually Be Profitable?
Many novice traders ask the same question—"Can you really make money in Forex?" In simple terms, there are indeed profit opportunities in the Forex market. As the largest and most liquid financial market globally, with daily trading volumes exceeding $6 trillion, it far surpasses the total of futures and stock trading.
In the past, Forex investment was mainly dominated by financial institutions and high-net-worth individuals. However, with technological advancements, ordinary investors can now participate as well. According to statistics, retail traders currently account for over 30% of the daily Forex trading volume. The popularity of derivatives such as futures and Contracts for Difference (CFDs) has led to a continuous increase in the number of retail participants in Forex trading.
However, like stock investing, the Forex market offers lucrative profit opportunities but also carries significant risks. Industry data shows that 70%-90% of individual investors have experienced losses in Forex trading. Therefore, beginners should be cautious when entering the market.

The Core Function of Currency Symbols
Currency symbols are visual codes used for quick identification of currencies from different countries and regions. In forex trading and international investments, mastering each country's currency symbols is crucial. Compared to the lengthy "40 US dollar," writing "$40" is more concise and efficient, helping traders quickly identify the currency type and track price fluctuations. When you see EUR/USD or EUR/JPY on your trading terminal, a quick glance at the euro symbol (€) immediately reveals the nature of the currency pair involved.
Quick Reference Table for Major Trading Currencies and Symbols
Based on regional divisions, here are the common trading currencies with their symbols and codes:
| Region | Country | Currency | Code | Symbol |
|---------|---------|---------|--------|---------|
| Americas

What the Market is Saying
Government officials often harbor deep concerns about a stable monetary system. This is no coincidence—the gold standard inherently limits the government's fiscal freedom. When currency must be pegged to gold, central banks cannot freely expand the money supply, and governments cannot unlimitedly overdraft. For this reason, from the 1930s to the 1970s, successive U.S. governments gradually dismantled the gold standard system.
But today, the performance of international markets shows a completely opposite signal.
Four Signs Indicating the Gold Standard is Making a Comeback
Central Bank Gold Purchase Wave
The most obvious signal comes from central bank actions. In 2023, global central banks' net gold purchases reached 1,037 tons, marking the second consecutive year of purchases exceeding 1,000 tons. The data for 2022 is even more astonishing—central banks bought 1,136 tons of gold, the highest record since 1950.
What is driving this wave of gold buying is emerging markets

The central bank's monetary policy directly affects the foreign exchange market, with hawkish and dovish stances each having their own focus. The former emphasizes controlling inflation, while the latter prioritizes promoting economic growth. Policy changes influence money supply, which in turn drives exchange rate fluctuations. Traders need to closely monitor central bank statements to seize market opportunities.

Historical Background: Why Is a Circuit Breaker Mechanism Necessary?
October 19, 1987, was a day that changed the history of the U.S. stock market. On that day, the Dow Jones Industrial Average plummeted 508.32 points in a single day, a decline of 22.61%—this event is famously known as "Black Monday." The market's chain reaction spread globally, causing multiple stock exchanges to collapse within hours. It was this disaster that compelled U.S. securities regulators to design an "emergency brake" system, which is the origin of the circuit breaker mechanism in the U.S. stock market.
During the outbreak of COVID-19 in 2020, the U.S. stock market experienced four circuit breakers within just one month—an astonishing frequency. From March 9 to March 18, the S&P 500 index triggered a Level 1 circuit breaker four times. Throughout the entire history of the circuit breaker mechanism, aside from one triggered by the Asian financial crisis in 1997, most of the circuit breakers occurred during the pandemic. This fully demonstrates the importance of the circuit breaker system.

Forced liquidation refers to the automatic closing of positions when an account's margin falls to a certain percentage, in order to control risk. Causes include insufficient funds, overdue margin payments, and exceeding risk limits. Forced liquidation can result in capital losses, disruption of investment plans, and market liquidity impact. To avoid this situation, it is recommended to maintain sufficient funds, use leverage cautiously, adhere to risk rules, and closely monitor market dynamics. Protecting principal is the primary task of trading.

What is same-day trading? The core operation logic of buying and selling on the same day
Stocks can be bought and sold today, a practice known in the industry as T+0 trading, commonly referred to as【Day Trading】. The Taiwan stock market originally followed a T+2 trading system (settlement occurs two days after purchase), but investors have achieved same-day trading through margin trading and securities lending services provided by brokers.
In simple terms, same-day trading means completing both buy and sell transactions within the same trading day, settling all on the same day. For example, an investor buys TSMC (TSM) at 9:15 AM and sells at 2:30 PM, earning the price difference in between. For brokers, this involves buying and selling the same number of shares, but they can additionally charge interest on margin loans, securities lending fees, and transaction fees.
Since Taiwan's stock market opened up to same-day trading of spot stocks in 2014, the volume of day trading has accounted for nearly 40% of total trading, with the number of participants increasing year by year.
Same-day trading

Understanding Inflation: Why Does Money Depreciate
Prices continue to rise, and the purchasing power of cash gradually declines—this is the phenomenon of inflation. Simply put, inflation means that the same amount of money can buy fewer and fewer goods. We quantify this change using the "Consumer Price Index" (CPI).
In recent years, prices in Taiwan have soared, prompting the central bank to raise interest rates five consecutive times. What economic principle does this reflect? Why can raising interest rates control inflation? How should investors respond?
The Fundamental Cause of Inflation: Supply and Demand Imbalance
When there is too much money circulating in the economy relative to the goods available, inflation will be triggered. There are several main causes for this phenomenon:
Demand-Pull Inflation
When society's demand for goods increases, businesses will increase production to meet the demand, causing prices to rise. As corporate profits increase, they invest and spend more, further stimulating demand, creating a virtuous cycle. Although this type of inflation pushes prices up, it also stimulates the economy.

U.S. stock indices rise, Tech Stocks lead the rally but robot concept stocks crash
Before the U.S. stock trading on December 15, the three major stock index futures all rose, signaling optimism. Dow Jones futures increased by 0.41%, S&P 500 futures rose by 0.46%, and Nasdaq 100 futures also gained 0.46%.
The technology sector performed strongly, with NVIDIA (NVDA) leading the gains at 1.17%, followed by Tesla (TSLA) with a 1.23% increase. However, negative news also emerged—robot concept stock iRobot (IRBT) suffered a heavy blow before trading, plunging by 83.23%. The company announced bankruptcy protection, becoming a black swan event amid the rally.
Precious metals collectively rise, platinum breaks a 16-year high
Safe-haven capital influx drove a strong performance in the precious metals market. Gold has risen for five consecutive days, with the latest price at $4,348 per ounce, up 1.13%.