CMB's recent move is a bit confusing... it's neither rising nor falling. Gold prices are going up, and all the safe deposit boxes are fully rented, which sounds like a collective outbreak of wealth anxiety. But with so much net outflow of main funds, I'm a bit baffled. Technical indicators are showing a death cross or not, and on top of that, Morgan Stanley is calling for an increase in holdings—it's all a bit chaotic.

BOCHK is just too stable, even helping AIIB issue big bonds and all that. The setup looks grand, but the gains are surprisingly minimal. They’ve even arranged for New Year’s e-red packets.