Tom Lee: Gold is not shouting "Buy now," but whispering "Risks are about to return." He believes that the surge in gold and precious metals prices is not a warning sign for the stock market, but rather a strategic move. The reasons for the spike in gold prices are a weakening dollar, dovish central bank stances, and geopolitical tensions. These factors typically push asset prices higher, rather than damage them. A weaker dollar will boost the profits of large multinational companies. Earnings growth has already accelerated, and valuations have narrowed — meaning the stock market has not yet reflected the good news. The trend in gold may indicate that risk appetite will rebound in the stock market, rather than signaling the end of the cycle. Short-term volatility? Of course, but he still believes the stock market will hit new highs by the end of the year — possibly even reaching the S&P 500 at 7700 points. Gold will not always dominate; it is just positioning for the market. #Gold#金融