asia and the metals

Good morning folks,

Well, today is not quite as nice as yesterday's start as things are a
little soft. Asia was mostly down a little but after yesterdays
wonderful start to OUR short week, that's understandable. Japan was
-.71%, korea -.44%, taiwan -1.52%, china -.33, but hongkong and india
were both up +.05% and +.55%, respectively.

I'm starting to really notice a divergence with these latter two and
particularly with china. It seems like when everything else is down,
china (and sometimes india) are up and when everything else is up,
china and india are also up, if not more so. I've had an India play on
since matthews started their india fund MINDX. I started a china (pure)
play with US Global USCOX, but think I'll buy some Matthews today
MCHFX. This way I can run them side by side and see which does better
over time. The chart for matthews actually looks better right now (see
link).

As for the metals, yesterday was a blow out day for silver, being up
over 4% as a subsector. Indeed, all the miners did well as denoted by
the XAU closing at 140.64 +1.71. Right now spot prices are off a bit
across the board, however, with gold at 551.70 -1.90, silver 9.50 -.04,
platinum 1019 -3 and palladium 286 -4.

let's all have a great day,

peace,

rono

Re: asia and the metals

rono wrote:
> I'm starting to really notice a divergence with these latter two and
> particularly with china. It seems like when everything else is down,
> china (and sometimes india) are up and when everything else is up,
> china and india are also up, if not more so. I've had an India play on
> since matthews started their india fund MINDX. I started a china (pure)
> play with US Global USCOX, but think I'll buy some Matthews today
> MCHFX. This way I can run them side by side and see which does better
> over time. The chart for matthews actually looks better right now (see
> link).


They start looking very close to me sometimes -