More in Iran, one view on gold, a bit on China

As a follow-up to my post yesterday, here is a great article on the recent history of Iran. Don’t be too shocked. A good friend in the UK told me some of the same stuff and he spent 30 years in the British Army.

http://www.atimes.com/atimes/Middle_East/LG01Ak02.html

There are a couple of support levels in gold related to 38.2% retracements, depending on how you measure them. One is at 1193 or so and the other is at 1182. We got down to 1185 today. Could this be it?

Here is someone who gives some technical reasons why this might be the bottom:

http://thetsitrader.blogspot.com/2010/07/sp-500-gld-and-gdx-down-more-or-now-up.html

Finally, I found a fairly balanced article on China that is not long and covers a lot of reasonable ground. The debate about China is endless, and considering a lot of hiccups in equities right now are hinged on perceptions of China, this might be worth a read:

http://www.streetauthority.com/node/456310

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