Thursday, January 31, 2013
Three things this evening.
FT Alphaville - China's two paths to urbanization. Brings up the scary balancing-act side to the China demographic rollover problem.
Bespoke - bullish sentiment back below 50%. That's good, or bad. I dunno. In any case, looking at that chart, it still means you can get another 100 points.
Mineweb - is the gold consolidation over? Y'know, I like Lawrence Williams, and he's apparently worked for a living in the past. But he does sow a bit of paranoia and doom with this one. Comex takedowns, German gold hypothecated by the Fed, and so on. But then again, how do you get a final blowoff top in gold without what he says coming to pass? And if there's no blowoff top, how does it go down from here?