??????????,????????????????????COMEX????????????2800???/???????,???????????????????????????2830.39?????????/??????2872??????????/?????????????2???????????4??,?????????,?????????????????2820??/??????????????????????????????

??????,????????,???840?/??????,?????,??,?????????????

???????,??????????????????????????????????????,?????????,??3000??/???????????????????,????,??????????????????????????????????ETF?????

????????

2??4?,????,??????????2820???????/?????????????????????????,???,??????,???????????????????????0.08%??????????2816.63???/?????????,??2??????,?????,??2830.39??????????/?????????????????,?2814.38????????????????/?????

????????????,COMEX??????????????????????,?2872?????????/?????????,??????????2843.25??/?????????????

?,?????????????????????????????????????????2??????1???,???,???????25%??????????????????????????,??????????????4????????????????????????,???????????2???3????????????,???????????????,??3??4??

??(????????????)??,???????????25%????????,???????,?????????;?,???????,??

?????????????,???2024??????,?????????????,???????????COMEX????36%?37%?

??1??????????28??????????,???????????COMEX?2.74%?3.7%????????????,????,??,?????????????,???

???????????

????????????????,???,??????????????????,????????????????????????????????????????????????????????840?????????????????/?????????2???????????????4???,?????????????,??????????????855?????/?????????853??????????????/?????????

??????,???????????????,???,????????,??“?????????”??????,?????7????,???600??????????,???,????????,?????

?,??????????????????????????,??????,?????????,??????????????,???,?????

?,???????????,?,????????????,???????????,??????????

??,????,?????????,3????31?,??????????,????10????,?????????????100???

??????,???????????????,???,????????????

?

2024??,?????????????????,??,??????????????,???????????????????????COMEX???????27%?

2025????????????????,??????????,????????????,?,??;??,??????,??;?????????????,?????????????,??????????????

“??2025??????????????,??,???????3000??,???????????????????????????????”??,????,??,????????????????????????,???????ETF?????,??????,????

??,???,????????,?,??????,??

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????:1??????:?????????

2??????

3????????

4?????????

5????????

??????????,????????????????????COMEX????????????2800???/???????,???????????????????????????2830.39?????????/??????2872??????????/?????????????2???????????4??,?????????,?????????????????2820??/??????????????????????????????

??????,????????,???840?/??????,?????,??,?????????????

???????,??????????????????????????????????????,?????????,??3000??/???????????????????,????,??????????????????????????????????ETF?????

????????

2??4?,????,??????????2820???????/?????????????????????????,???,??????,???????????????????????0.08%??????????2816.63???/?????????,??2??????,?????,??2830.39??????????/?????????????????,?2814.38????????????????/?????

????????????,COMEX??????????????????????,?2872?????????/?????????,??????????2843.25??/?????????????

?,?????????????????????????????????????????2??????1???,???,???????25%??????????????????????????,??????????????4????????????????????????,???????????2???3????????????,???????????????,??3??4??

??(????????????)??,???????????25%????????,???????,?????????;?,???????,??

?????????????,???2024??????,?????????????,???????????COMEX????36%?37%?

??1??????????28??????????,???????????COMEX?2.74%?3.7%????????????,????,??,?????????????,???

???????????

????????????????,???,??????????????????,????????????????????????????????????????????????????????840?????????????????/?????????2???????????????4???,?????????????,??????????????855?????/?????????853??????????????/?????????

??????,???????????????,???,????????,??“?????????”??????,?????7????,???600??????????,???,????????,?????

?,??????????????????????????,??????,?????????,??????????????,???,?????

?,???????????,?,????????????,???????????,??????????

??,????,?????????,3????31?,??????????,????10????,?????????????100???

??????,???????????????,???,????????????

?

2024??,?????????????????,??,??????????????,???????????????????????COMEX???????27%?

2025????????????????,??????????,????????????,?,??;??,??????,??;?????????????,?????????????,??????????????

“??2025??????????????,??,???????3000??,???????????????????????????????”??,????,??,????????????????????????,???????ETF?????,??????,????

??,???,????????,?,??????,??

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