The market is rebounding from oversold conditions. I do not see anything to push the market another 10% in either direction right now. China stock market has been going down for 2 weeks and it probably will have a rebound as well. The biggest problem facing China is inflation. If you count real estate in, the inflation is huge. There are pockets of labour shortage in China already and the raw material cost are going up as well. I can see inflation running up to 5% this year in China. RMB is going to appreciate 5% by mid of the year to fight inflation. However, China central bank will move some foreign reserve from U$ to Gold to reduce the its loss before RMB appreciation. I can see its entry point for gold between 1000 to 1050 ( they want to buy gold below India's purchase price).
Closing value
Portfolio 1 (U$): 111583
Portfolio 2 (C$): 80493
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