Remember to cover the basics, that is, what you expected to happen and
what in fact did happen.  You don't know how to make a good report?  See

     http://orgmode.org/manual/Feedback.html#Feedback

Your bug report will be posted to the Org-mode mailing list.
------------------------------------------------------------------------

In (info "(org) Handling links"):
`C-c C-x C-n     (`org-next-link')'
`C-c C-x C-p     (`org-previous-link')'
     Move forward/backward to the next link in the buffer.  At the
     limit of the buffer, the search fails once, and then wraps around.

The way to reproduce this bug:
emacs -Q test.org
C-c C-x C-p

It doesn't wrap around.

Emacs  : GNU Emacs 24.3.50.1 (x86_64-unknown-linux-gnu, GTK+ Version 2.24.13)
 of 2013-01-18 on Emacs
Package: Org-mode version 7.9.3d (7.9.3d-GNU-Emacs-24-3 (commit e8f5b0ad) @ /usr/local/share/emacs/24.3.50/lisp/org/)

current state:
==============
(setq
 org-export-preprocess-before-selecting-backend-code-hook '(org-beamer-select-beamer-code)
 org-tab-first-hook '(org-hide-block-toggle-maybe
		      org-src-native-tab-command-maybe
		      org-babel-hide-result-toggle-maybe
		      org-babel-header-arg-expand)
 org-speed-command-hook '(org-speed-command-default-hook
			  org-babel-speed-command-hook)
 org-occur-hook '(org-first-headline-recenter)
 org-metaup-hook '(org-babel-load-in-session-maybe)
 org-export-preprocess-before-normalizing-links-hook '(org-remove-file-link-modifiers)
 org-confirm-shell-link-function 'yes-or-no-p
 org-export-latex-final-hook '(org-beamer-amend-header org-beamer-fix-toc
			       org-beamer-auto-fragile-frames
			       org-beamer-place-default-actions-for-lists)
 org-export-latex-after-initial-vars-hook '(org-beamer-after-initial-vars)
 org-after-todo-state-change-hook '(org-clock-out-if-current)
 org-src-mode-hook '(org-src-babel-configure-edit-buffer
		     org-src-mode-configure-edit-buffer)
 org-agenda-before-write-hook '(org-agenda-add-entry-text)
 org-babel-pre-tangle-hook '(save-buffer)
 org-mode-hook '(#[nil "\300\301\302\303\304$\207"
		   [org-add-hook change-major-mode-hook org-show-block-all
		    append local]
		   5]
		 #[nil "\300\301\302\303\304$\207"
		   [org-add-hook change-major-mode-hook
		    org-babel-show-result-all append local]
		   5]
		 org-babel-result-hide-spec org-babel-hide-all-hashes)
 org-ctrl-c-ctrl-c-hook '(org-babel-hash-at-point
			  org-babel-execute-safely-maybe)
 org-cycle-hook '(org-cycle-hide-archived-subtrees org-cycle-hide-drawers
		  org-cycle-show-empty-lines
		  org-optimize-window-after-visibility-change)
 org-export-latex-format-toc-function 'org-export-latex-format-toc-default
 org-export-blocks '((src org-babel-exp-src-block nil)
		     (export-comment org-export-blocks-format-comment t)
		     (ditaa org-export-blocks-format-ditaa nil)
		     (dot org-export-blocks-format-dot nil))
 org-export-first-hook '(org-beamer-initialize-open-trackers)
 org-export-interblocks '((src org-babel-exp-non-block-elements))
 org-confirm-elisp-link-function 'yes-or-no-p
 org-metadown-hook '(org-babel-pop-to-session-maybe)
 org-clock-out-hook '(org-clock-remove-empty-clock-drawer)
 )


-- 
Best regards, Xue Fuqiao.
http://www.emacswiki.org/emacs/XueFuqiao