During the decade long commodities bull market, there was a conventional wisdom saying: buy whatever China is buying, or something to that effect. And indeed the market seemed to have moved in accordance with that rule, for a decade.
When it comes to gold, that conventional wisdom rule seems to have been broken, or has it?
China has been buying gold, and the buying is still ongoing and very strongly so. But POG?
Has the rule been broken completely, or is this rule simply biding its time while accumulating power/energy?
china
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