Gold shortchanged.

Gold is currently a very useful commodity as a safe haven against economic uncertainty.According to World Bank report,Vietnam was the world’s biggest importer of gold.
With the tumbling greenback against almost every currency under the sun, Vietnam is one of the few places where the dollar still command a good premium.
Inflationary concerns, rampant credit growth, and balance of payment problems have all fostered local distrust of the Vietnamese dong.
The widespread use of gold in Vietnam as an alternative currency, higher gold prices are essentially flagging not only a weaker currency but tighter monetary conditions and an economic slowdown.Vietnam's supercharge economy bubble burst due to its citizen's desire to store gold which causes the main symptoms.
Ha Trung street in Hanoi, one of the most popular locations for the gold shops that double as black-market dong-dollar exchange houses.
Saigon Jewelry Holding Company (SJC), Vietnam's largest gold merchant, announced on its website that the yellow metal's prices amounted to VND37.63 million per tael in Ho Chi Minh City and VND37.65 million in Hanoi. A tael is slightly more than 1.2 troy ounces.
Domestically, gold fetched VND150,000 a tael lower than global price.
Lately the god market here in Vietnam has a jolt.half-fake gold was detected.Gold mixed with volfram has appeared in Vietnam and a tael (1.2 ounce) of such gold will cause a loss of up to VND10 million (US$483) to buyers, warned Nguyen Minh Chau, general director of the Bao Tin Minh Chau Co.
Such gold has appeared in Vietnam for the first time, he confirmed.
The impure gold contains volfram and some other heavy metals that are mixed into pure gold according to a special method during the gold melting process.
The difference is so subtle that experienced gold traders and gold analysis machines currently used in Vietnam fail to detect it, he said.
When melting a tael of such gold, local experts found that only 60-80 percent of it was gold and the remainder was foreign matters looking like fine sand.
Volfram, a hard and heavy metal that can more easily melt than gold, sells now for around VND1 million per tael. And a tael of gold containing 10-30 percent Vonfram will deprive buyers of up to VND 10 million ($450), he warned.

Tracking the Dow on Friday,27/05/11.
Asian market Index Futures expiry:2 more market days.
Market focus news: 1)Personal Income & Outlays 2)Consumer Sentiment 3)Pending Home Sales Index.
24 market days to Fed's ending of Quantitative Easing.
9:30am:--Nearly 25 points bullish opening gap up completing the 3rd move with a bullish hammer.
10:30am:--Bears have cornered the market.Opening gap being completely filled.A bottom spinning star depicting a good sign of rebound.
11:30am:--Aggressive bulls brought the indicies to morning session new high.Again the 3rd move has a bearish engulfing.
12:30noon:--Index is now hoovering at the bull pivot support line.A hangman and shooting star at this moment is a sign of caution.
1:30pm:--Sellers emerged and brought the index to the Moving Average pivot support.A mild technicl rebound follow suit.
2:30pm:--Hangman and bearish hammer slightly above the MAV support pivot is no good sign.It can collapse again any time soon.
3:30pm:--After hitting a second bottom of the day,bulls attempted to bring it back to life to the MAV resistance line only to see a bearish doji hindering its last few minutes hattricks.
4:00pm:--The bulls were held back slightly below the MAV resistance line.There will be fresh attempt to follow through.

The bookmakers have smartly brought the Dow to a correction that wiped off April months gain.
In the event this pair of candlestick (April & May) remains in such formation,a bearish harami will not augurs well in the following month.
The previous month May lower shadow will be in the limelight.Meantime caution is the name of the game in view of the mid-year financial closing report and expect more of threatening news by those ratings companies.It's their season of manipulating the market to capitalised on the weakness.If May candlestick can close slightly above April month candlestick body,the market will be fine and more promising.