More Bad News for China

The ugly reality continues to be revealed with respect to China's economy.

This is great news for our existing effective short on China, via FXP.  We've been consistently bearish China for a long time, scoring great returns by investing along that thinking, and that shouldn't change any time soon.

We also continue to be big proponents of shorting Brazil, and that's paying off well lately for those in BZQ. 
Tuesday evening we posted a silver chart that suggested a bounce was due.  Wednesday silver fell to the support we indicated on that chart before rallying into the close of trading, then gapping higher and rising again today.   This bounce could last awhile, however we doubt silver or gold have hit 'the' bottom yet.



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