China in the Year of the Rabbit: A Change in Government Policy Can Power Markets Higher
Happy New Year 4708!
According to the Chinese calendar, its the Year of the Rabbit. The leading Asian brokerage firm CLSA reports the Rabbit will wrest the reins from the decidedly unpleasant and erratic Tiger thats been tossing and turning the markets over the past 12 months. We all could appreciate a respite from extreme volatility.
Chinese New Year is the longest and most important of the traditional Chinese holidays. It is celebrated around the world wherever there are significant Chinese populations. Customs vary widely but traditionally include an outpouring of gift giving, decorating, feasting, forgiveness and wishing for peace and happiness for everyone.
This is the fourth stage in the seasonally strong period for gold, which began back in August with Ramadan.
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