The Chinese Illusion

It's long been my opinion that much of the numbers and specifics about the Chinese economic miracle of the 2000's is suspect, and now we have the most visible example of it, in microcosm.
Much of the Olympics Opening Ceremony is now having the curtain pulled back on it.  Everyone couldn't stop talking about how impressive the ceremony was, the day after.  Now everyone is talking about how much of the spectacular-ness of it was a choreographed illusion.  I'm sure the same will apply to the economic miracle there too. 

Gold's done

The most recent move, a good example of what happens when a one-way-trade gets unwound (see my blog post of earlier this yr, re: gold and oil), is now stretched and seems to have reached one-way-trade status on its own.  So, net net, I'm looking for gold to reverse and eventually hit 950.  Could go as low as 780, but I don't think it goes below 800.

Still working on quantifying this type of action in equities.