yes, most of Asia would be shutdown for 2 days to 1 week, e.g. China, HK, Singapore, Vietnam, etc. Liquidity wold be very thin in Asia.
And my Asia broker got this to say:
Buffering against market volatility
During uncertain times, it is not uncommon for markets to experience high volatility amidst economic uncertainty. The speed of large fluctuations in market prices could potentially catch investors unaware, and in extreme scenarios may result in positions being liquidated without a prior Margin call.We would like to take this opportunity to kindly remind clients to practice good risk management and take proactive steps in these volatile market conditions and uncertainty.
Clients are strongly encouraged to put in funds to maintain a healthy buffer in their account fund balance on top of their Maintenance Margin requirements. This will help to safeguard against any sudden adverse market movements and mitigate the cutting of positions in the event of urgent margin shortfall situations.
---- end quote -----
Meanwhile GOLD is inching towards 1666. A powerful call to the world.
Update 3 AM ET
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Spot Gold has touched 1667. Euro made a dash up. It is going to be an awful opening today in US markets.
Tuesday, January 17, 2012
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