it's a fed day and I would like to watch it. If there is opportunity, I will put orders in for BAC, WMT, POT and TD.

Is there a huge carry trade (borrow U$ and buying risk assets)? According to Roubini, that is the case. I am not too sure about that. If you look at the velocity of the money, it is very low. The reason of gold strength is more to do with long term decline of U.S. power (huge deficit and no end in sight). I am a bit worry about the bubble of property market in China. It may take another 2 to 5 years for it to burst. The residential value in Shanghai is closing the GAP with New York city and commercial property already passed New York.