There is not enough Gold

Today’s Daily Byte

it's been a good session to start the month. Yesterday, it seemed like the market would continue its downward move, but with China being closed today, it appears that no more funds are moving out of India to China. China is going to be closed for the next seven days, so they’ve triggered the entire world and gone on a holiday.

In today's discussion, we have some very startling data. You probably haven’t heard about this before, but is the Nifty 50 cursed? Every stock that moves into or out of the Nifty 50 shows a certain behavior, and we’re going to analyze that today.

Reading Time : 4 Minutes

There is not enough Gold

Gold is a vital resource, but its production and consumption patterns vary significantly across countries. Each year, the world produces around 3,000 tons of gold. The top contributors to this figure are Russia, China, Australia, and Canada. Together, these four nations account for approximately 1,200 tons of the global production.

Other countries like Mexico, the United States, Indonesia, and Kazakhstan also play a role, though their production volumes are comparatively smaller.. . . . .

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Why the Chinese market ran up

In the past week, the Chinese market has experienced significant turbulence, leading many to wonder what’s behind the sudden volatility. As the market prepared to close for a week-long holiday, there were some key events in play that contributed to the recent activity.

The Chinese market has been highly influenced by certain concentrated trades, with the most notable being the strong position on what is commonly referred to as the “Magnificent Seven” stocks. These are well-known companies like Netflix, Nvidia, and Apple, which dominate the U.S. market. . . . .

Reading Time : 3 Minutes