something more in it?, page-5

Gottcha,

In my recollection tax loss selling mostly done by now. I think the rebound is just the market, or my second buy order sitting in the queue and missed by two parsimonious cents.

The economist had a special report on China, and even they seemed very comfortable that nothing terrible was likely to happen anytime soon wrt the Chinese economy.

I can see why I might buy some gold though if I were Chinese and wealthy, with property perhaps overpriced, and few other options that do better than keep pace with inflation.

Personally I've long felt that China needs to come much closer to GDP per capital parity with the US before the economic model becomes particularly risky. I think copper per capita still has a way to go, and unlike iron ore copper isn't in geological abundance.

Of course it may just have been our much moderated contra indicator signing the bottom last week?

EL

EL