Violence in China

BBC reports that there is violence in Tibet. Most likely the cause is at least partially economic. The Yuan will be under greater pressure to rise, as the dollar continues to plunge. For the time being, Treasuries are still the bubble of choice for the paniced and fear-stricken. Gold is next. In the meantime, I am holding on to FXP (Ultrashort Shanghai 25) despite the volatility of this past week (two -20% on Tuesday and +12% today). Support for the index is rapidly plunging, and news of violence cannot help. Over the next year, I believe that the index, which was at 4500 recently will retrace it's bubble gains back to under 3000.