1. Auntie.
2. An honorific title for an older woman.
The extension of the word "auntie" was later demonized.
The world-famous "Big Momma" was born in 2013.
In the spring of that year, there was a shocking global gold rush. Wrestling camp, on the one hand, Wall Street financial predators -
Since the beginning of 2001 continued to interpret the 12-year bull market, the price of gold in 2013 began to "dive". April 12, gold prices suddenly plunged 4.8%, the second trading day is plunged more than 9%, two days, gold prices fell from $ 1565 / ounce to $ 1348 / ounce.
The investment bank Bank of America Merrill Lynch sold *** counting 400 tons of gold futures contracts twice in a row on the day of April 12, the market widely speculated that this is the Federal Reserve and Wall Street investment banks to join hands in shorting gold to suppress the price of gold, boosting the dollar.
But the financial predator completely missed the rival's persona. Gold prices plummeted to evoke a force in the East quietly and spontaneously gathered - in China, the main group of gold grabbing, it is the domestic middle-aged and elderly women's groups, commonly known as "big mom".
Back then, the gold in department stores across China was snapped up every day, and even the necklaces around the necks of the models were taken off and sold. Chinese amazons snapped up 300 tons of gold in almost 10 days, spending about 100 billion yuan.
It seems to be in the "Chinese amah" under the force of support, at the end of April of that year, the straight line down the price of gold began to retrace the rebound: April 26, the day rose as much as 2.55%, May 8, the price of gold has risen back to 1468 U.S. dollars / ounce. At that time, even the investment bank Goldman Sachs also withdrew from shorting.
"China's big mom over Wall Street predators" news spread around the world, the Wall Street Journal for this special creation of the English word "dama".
Before "big moms" went global, they had been popular in China for a long time. A large part of that popularity was contributed by square dancers across the country.