After the surge in precious metals, choose to buy oil-related stocks $Occidental Petroleum(OXY.US)$Petroleo Brasileiro SA(PBR.US)

Gold and silver $SPDR Gold Shares(GLD.US)$iShares Silver Tr(SLV.US) repeatedly hit new highs. Although the risk aversion sentiment is strong, the risk of chasing highs should not be ignored. At a time when precious metals are fluctuating at high levels, choose to shift some positions to oil-related assets. The logic can be summarized in three points: 1 The valuation of the oil and gas sector is still at a low level, with leading companies such as CNOOC having a P/E ratio of less than 13 times and strong earnings certainty; 2 Extreme cold weather in the U.S. has disrupted energy supply, driving up crude oil and natural gas prices, leading to both volume and price increases in the industry; 3 Compared to precious metals that are already at historical highs, oil and gas stocks have both risk-averse attributes and room for catch-up gains, making them a preferred direction for capital reallocation. Positioning at this time is not only in line with the trend of resource revaluation but also a bet on the long-term logic of rising energy price centers.

In summary, the main strategy is to bet on sector rotation in advance, with funds flowing from gold and silver to oil after the rally.