“There seem to be so many differing opinions out there with regard to whether China will experience a hard or a soft "landing" that it makes my head spin ... I've just read the following:

"...and would be most grateful (as a long-term holder of commodity stocks, funds and currencies) for any comments, particularly in light of your extensive chart analysis in Wednesday's Comment of the Day and Eoin's own "boots on the ground" observations.

“May I also request that two ZKB precious metals ETFs be added to the Chart Library please - ZSILUS and ZGLDGB Many thanks.

“I'm assuming, by the way, that you've already had your attention drawn to Tim Price's latest, recounting his exchange of emails with the FT's Krugman-clone Martin Wolf re the "virtues" of Central Banking? A similar level of frustration (after seeing the likes of Inside Job "stars" Larry Summers and Glen Hubbard included in their "A-List") drove me to cancel my subscription to the FT just last month.

“As always, so much to read, so little time ... My sincerest thanks for the continuing high quality of the Fullermoney service, hope you can both find time to enjoy a relaxing Bank Holiday weekend! “

Eoin Treacy's view Thank you for this informative email and your generous comments. The two ZKB funds have been added to the Chart Library. There is a great deal of disagreement focusing on the Chinese market. My own experience suggests that the government's attempt to squeeze following the 2009 stimulus have had the desired effect and monetary policy appears to be exhibiting an easing bias. The stock market is probably the best arbiter.

The Shanghai A-Share Index found support in the region of 2350 from early April, posting its first higher reaction low in more than a year. A sustained move above 2600 would break the progression of lower rally highs and confirm a return to medium-term demand dominance.