9 Jan GOLD

When Gold hit above 1900, all the Inflation buyers were out and bought.
When Gold hit 1631 last Friday, all the war buyers were out and bought.

Now QE3 seems to be further away, as Bullard has reminded us on Friday.
Last time, when Israel invaded Hezbollah, Gold did not rise.
Now with massive public position in GLD, it is a concern if there is a stampede for redemption.

Iran is using slow tactics, making inch moves. Now asking all ships to apply to Iranian navy to cross Homuz. And UK ship "The Courage" is going to cross, ahead of US Navy Carrier.

TOBIN tax is coming.

Spoke with a Chinese TA expert, SHCOMP reaching 6000 is the completion of a 5 waves move of 30 year in 2008. The correction period can be anything from 15 to 20 years.
i.e. 2023 to 2028. (2023 is the completion of a Chinese geomancy cycle).

Taiwan election on 14 January is something to watch. I would drive North Asia economy in next few years. If there is a win for the Blues, we may have a short term rally for a week before Chinese New Year on 23 January.