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China's Economy Explodes In February 2017

|Includes: SPDR Gold Trust ETF (GLD)

China's February 2017 power consumption exploded. I have never seen such a large spike.

This means that there is a high probability that China's GDP growth will accelerate and this will bode well for commodities. We'll keep monitoring this trend.

This trend is confirmed by the record high Shanghai gold withdrawals in February 2017.

Something happened in February...