When somebody strikes gold (GCJ26), markets react in predictable fashion. Traders start going on about supply shocks, analysts argue about whether prices are going to fall, and investors are left wondering if the precarious balance of power that usually guides precious metals will shift.
Yet every once in a while, you get a discovery so big that those typical market reactions get amplified tenfold. That’s exactly what’s happening right now after a record-breaking discovery over in China.
