Iif China found "World's largest gold deposit worth over $80BN...

Iif China found "World's largest gold deposit worth over $80BN discovered in China©Xinhua news agency"....My Question is "Will gold go down 80% on this news? "

Will the Value of Gold suffer from oversupply like Li has last 2 years Seems with Li, it's the excuse that it is oversupplied thus the price goes down. So why not the same principle with Gold.

I tend to think the Li market has been completely manipulated to the point that it has not made much sense for a long time. I mean the industry I'd say is out of its infancy & should show some form of steady price growth as high-cost & low quality-product producers are eliminated from the market.

On a micro level, I hope the completion of this PLS script takeover brings stability to PLS/LRS. I think the market was growing impatient, delays HAVE BREAD UNCERTAINTY & have driven the price down of both entities. LRS is or "was" worth min 1.5Bil +(in the ground) a while back. Will prove a valuable lost cost asset when the timing is right to start mining there. I did hold my breath when the 5 Mil cash was paid to LRS as the price headed south since. Seriously this is just paying wages to the Wnkrs that gave us this crappy deal I believe. PLS should have bought it, pissed off mgmt. & saved a bucket load in Salaries!

Excuse my ignorance. We all should of could of. I decided to ride this out as still in profits so wasn't too fussed. The world still needs high quality Li, & LRS has a whole bunch. LRS constantly 6 months behind where it should have been.

In inflationary times, it's bazaar to watch the Li price tumble 80% due to apparent global oversupply issues. Meaning the price has to go up due to minimum costs of production also has to go up. This will settle down & mature over the next 2-5 years. idk if it will boom, but I doubt PLS will go bust! Lets close this deal smoothly. & get on with it & hope PLS know what they are doing.