First of all, Shandong Gold is the most influential gold stock in China, and Admiralty Gold also belongs to this sector, but its influence is obviously second to Shandong Gold. Then there is the yellow metal non-ferrous metal plate. As we all know, the non-ferrous metal plate fluctuates greatly. If you are a person who has been paying attention to gold stocks for a long time, you can see that there are many days when Shandong gold rose more than 5% in the bear market in 2008 and 2009. So we lock this is a sensitive stock.

In the past two years, the performance of gold stocks has greatly increased, but the bear market performance is strong, which determines the future stagflation, or the driving force for the rise is insufficient, and the driving force lies in policy.

In addition, due to the recent lack of hot spots in the futures market, the dollar has strengthened. In fact, it is very reluctant to support at 950 US dollars/ounce in the short term. In the general stage of economic growth, it will increase the settlement in US dollars, but the economy has just begun to recover and there is no real growth. It is suggested that after a certain period of time, the expectation of accelerated economic growth should be established, and Shandong Gold should be involved (Zhuanggu Bank decides how much to earn) and held in the medium term (short-term fine-tuning).

Another important analysis will give you one. This year, China's currency issuance rate is 25%, while this year's gdp is 8%. Think about it and you will know the depreciation rate of RMB. Therefore, gold stocks are indeed the key defensive and offensive stocks in the future.

And you gave too few points.