The news that the U.S. Department of Justice subpoenaed Powell was first reported by The New York Times at around 8:04 AM Beijing time on January 12.
At the same time, after the report came out, the U.S. Dollar Index quickly fell and international gold prices surged. Clearly, when Powell was 'attacked,' it triggered market concerns about the Federal Reserve's independence and the sovereign credit of the dollar, which led to a short-term selloff in the dollar and an increase in gold prices.
Around the same time, #Bitcoin also began a continuous accelerated rebound after a slight delay, as I mentioned earlier, the weakening of the dollar’s sovereign credit is beneficial for de-dollarized assets such as gold and BTC.
This has happened twice since 2025, and this is the third time. The more Powell is pressured, the more it will weaken the sovereign credit of the dollar in the short term. Dollar holders sell liquidity, which first flows into gold, then partly into BTC; of course, there are other channels, but my personal focus is mainly on these two.

[Expert Action Guide] Next Week's US Stock Market Trend Analysis and Specific Buy/Sell Recommendations
Dear fellow investors, hello!
Thank you all for supporting the previous strategy sharing. I’ve received many private messages from friends hoping I can provide more specific and direct trend analysis and buy/sell recommendations for next week. No problem! Today, based on last Friday’s market data and the current macro environment, I’ll offer a more actionable operational guide. Please remember, this guide is based on my professional judgment, but the market is ever-changing, and any investment decision should be based on your own independent thinking and risk assessment.
Next Week’s Market Trend Analysis: Cautiously Optimistic, Sector Rotation Accelerates
Overall Trend: I expect next week’s US stock market to show high volatility with a slightly bullish bias. After hitting record highs, there may be some profit-taking pressure in the short term, causing fluctuations in the index. However, supported by expectations of Fed rate cuts and specific policy benefits, downside risks are limited. The key point is that capital will flow out of sectors with significant gains to seek new value opportunities, accelerating sector rotation.
Core Logic:
1. Interest rate expectations remain dominant: Any data related to inflation and employment will affect market sentiment. Before new significant data is released, the market will continue to digest the existing expectations for interest rate cuts.
2. ...

After the market closes on January 8th, which is tonight’s early morning close, the Bloomberg Commodity Index will undergo its annual 'index rebalancing.'
Index rebalancing refers to funds that track certain indices or composite indices passively or mechanically buying and selling assets according to index rules. This action is primarily aimed at balancing the weightings within the index.
Simply put, this kind of index rebalancing measures the performance of assets covered by the index over the past year: those with significant price increases are sold/reduced, while those with smaller price gains are bought/increased.
The Bloomberg Commodity Index will begin its index rebalancing starting from the close in the early hours of this Thursday until January 14th. This rebalancing involves the sale of approximately $14 billion worth of gold and silver, expected to be completed over five trading days, with 20% of the sales executed each trading day.
This index rebalancing involves only futures contracts, not spot transactions. In the coming days, gold and silver will face technical selling pressure. However, this selling pressure caused by the rebalancing does not necessarily indicate a disruption in the trend for gold and silver.
It is anticipated that the emotional volatility triggered by this rebalancing will outweigh the actual selling pressure. A rough estimate indicates that daily selling pressure of around $2.8 billion will occur, whereas recent overall trading data shows that intraday trading of gold futures contracts amounts to about $8.5 billion, while silver trades at around $500 million.
In other words, the daily selling pressure of $2.8 billion might only have some impact and present obstacles to the rise in gold prices, but it could lead to higher volatility risks for silver, which requires attention.
Additionally, several institutions have provided guidance suggesting that price pullbacks due to mechanical selling pressures may represent buying opportunities; however, regarding the current...