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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@LeonIt's amateur hour in Washington :-) A trade deficit isn't the result of unfair foreign competition but the result of monetary expansion, of $$$ printing, of QE's, of Petro Dollars! Such unsound money has created a demand for imported goods the US was not able to produce. It's the cheat factor of #fiat currencies that's responsible for trade imbalances, not unfair competition from China, Germany, Japan or #Mexico. With #Trump's border taxes America is triggering a rerun of the 1930s depression. "The greatest threat to world trade comes not from the break-up of the #EU, nor from #China. It appears to be Trump's lack of understanding of why trade imbalances exist, and his wrongheaded policy of American #protectionism." ~ Alasdair Macleod #gold#commodities#tradeWar#currencyWarhttps://mises.org/blog/what-trump-means-brexit-china-and-eu
@LeonWe are living in a globalized world of intertwined economies and supply chains. The major companies of the west have out-sourced their production to low cost areas and closed their factories at home. So, to "Make America Great Again" is the #American worker ready to work for USD 6-8/hour on average? ..or are the US companies eager to produce expensive goods nobody is willing to buy because #China offers them for half the price or the Germans in much better quality? These factories #Trump wants to bring back to America are long gone and the new ones employ robots instead of expensive workers that have to be trained on their new jobs first. https://nftrh.com/2017/01/22/protection-will-lead-to-great-prosperity/
@Leon@Goldfinger - military action against Iran would be the most stupid decision #Trump could make - the Chinese are already in Syria testing Russian fighter jets and other equipment in action. As everybody knows, they have a mutual assistance pact with Russia and Iran and "article 5" would drag the Chinese depper and faster into the Middle East conflict as one might love - but perhaps that's the reason behind the jibes of Tillerson and Breitbard for going to war with #China in the foreseeable future. #politics
@nicholaslepan#China – protest leads to suspension of construction of new #aluminium plant
- 200 protestors are reported to have faced off police in the city of Daqing city, China
- The protest are against pollution from a the proposed construction of a new aluminium plant
- The plant is planned to create >30,000 jobs
- Air pollution is blamed for >1.4m premature deaths in China according to the Max Planck Institute
- SP Angel's advice to the protestors is to let the state build new plants but to insist on the closure of any older non-environmentally compliant facilities
@nicholaslepanAsia's copper industry is keeping calm amidst crippled output at two of the world's largest copper mines. Copper inventories tied to China's Shanghai Futures Exchange have surged 61 percent since the week of Jan. 20 to 277,659 tonnes, the most since May 2016, the latest data shows. Stockpiles held in bonded warehouses in China have edged above 500,000 tonnes, from around 450,000 tonnes in November. #china#copperhttp://www.reuters.com/article/us-copper-supply-disruptions-idUSKBN15U0YP
@nicholaslepan#India has extended anti-dumping duty on some steel products from China by five years, in a bid to retain protectionist barriers and stem the tide of cheap foreign products. Between April and January, India's steel imports fell 37.8 percent year-on-year, data from a government body showed, primarily due to the slew of protectionist steps announced by the government. #chinahttp://in.reuters.com/article/india-steel-antidumping-idINKBN15Z1CK?
Chinese #steel rebar 25mm US$555.5/t vs US$538.2/t
#Iron ore 62% Fe spot (cfr Tianjin) US$87.5/t vs US$87.1/t
Premium hard coking #coal Aus fob US$150.0/t vs US$150.4/t
@Goldfinger"While the Tesla Gigafactory is vitally important from an EV vertical integration perspective, the majority of new lithium-ion battery capacity is being built in China. Some of these plants are expected to be huge such as the CATL facility at 50GWh - there is little doubt that China's lithium-ion industry has come of age." $China$lithium
@nicholaslepanExecutives from 19 leading Chinese coal companies, among them Shenhua Group, gathered Tuesday for talks at which they agreed to work to prevent a sharp price reversal in thermal coal, which could come in March or April, after the winter heating season ends. Last year, China set a goal of cutting 250 million tons of annual production capacity and imposed an operating limit. However, bigger than expected reductions tightened supply and pushed the price up. So in response, the Chinese government lifted the operating ban told producers to raise output. This year's capacity cuts are expected to total only 50 million tons -- less than a fifth of the previous year's. Should mines continue operating without limit, they could fuel a coal glut. These efforts to stabilize prices bear only on the domestic market. But given China's weight in international supply and demand for commodities, the world is watching. #China#coalhttp://asia.nikkei.com/Politics-Economy/Economy/China-moving-to-renew-coal-mining-curbs
@EpsteinResearch#China#lithium#cobalt#EV China's capital city is doing something huge about its perennial pollution issue.
Almost 70,000 petrol powered taxis in Beijing will gradually be replaced with electric vehicles, and any new taxis on the road must be electric, according to a report by the National Business Daily.
The project to replace all the current petrol powered cars is estimated to cost taxi operators $1.3 billion (9 billion yuan). Some 67,000 of Beijing's 71,000 taxis currently run on petrol.
A conventional car is estimated to cost around $10,000, with an electric vehicle double that amount, at $20,000.
@R2RThats a good way to look at it @MiningBookGuy. Looking at competition to get more clues on whats going on in the region is something that I havent really done before.
Last day or two, Ive been brushing up more on the recent history of #Mali and how #China is investing a lot there -- in building railways and connecting the landlocked country to the ports in neighboring countries. This is from a couple of years -- I need to see if theres progress on that front...I think the idea is to take #Mali off the dependence on #gold and look for #ironore#uranium etc
@ExcelsiorLess #nuclear energy has meant higher costs, less clean energy overall and more deaths
February 25, 2017
Michael Shellenberger explains how less nuclear energy has meant higher costs and less clean energy overall.
* #USA has shutdown Enuclear plants prematurely because of lower #naturalgas costs
* this has increased emissions of CO2 and air pollution
* Overall energy costs have increased in the #USA which correlate with lower #nuclear energy mix
* #Germany has 6 times more carbon intensive energy than France
* Germany shutdown nuclear energy and now is even more reliant on coal and fossil fuel
* #France uses 80% nuclear power for electricity
* #France has half the cost of electricity compared to #Germany
* the global decline in #nuclear power (-7.5% of energy mix) has not been replaced by solar and wind (4.5%)
* the global decline in #nuclear (most of #Japan nuclear shutdown, #Germany shutdown, some early shutdowns in #USA and #Europe) has not been made up by the build in China and Asia and appears like future Europe and USA shutdowns (150 GW) will made up by new nuclear in #China and #India and #Asia through 2030.”
@Excelsior@Onlyflaws - Yes, I still believe Minco is very undervalued, but some are concerned about investing in China. I mentioned in Dec of 2015 and Jan of 2016 to folks on the KER that I was going in heavy on Silvercorp and everyone raised red flags about China as a jurisdiction. Well if you look at how $SVM did in 2016, it doesn't look like #China was an issue. :-)
@LeonLondon-based bullion broker Sharps Pixley, formerly owned by Deutsche Bank, has suggested that #Russia's #gold reserves could overtake #China's by the end of this year. Here's the final takeaway: "..both China and Russia see gold as an important element in the global financial system. China has reportedly called for gold to be included in the basket of currencies which makes up the #IMF's Special Drawing Rights (SDR). Certainly Russia's President Putin is a gold believer. The Chinese hierarchy is perhaps a little more circumspect in its open support for gold, but both nations are keen to see the US #dollar dominance of world trade - particularly with respect to #oil and #gas - depleted and see gold as one of the tools for helping them achieve this objective." www.sharpspixley.com/articles/lawrie-williams-russias-gold-reserves-could-overtake-chinas-this-year_264838.html
@GoldfingerJust a guess but a special ops mission to take out Kim Jon Un would probably see $gold up $100 within an hour. Just a guess, but the ramifications are potentially far reaching and gold looks mighty attractive in the event of a major military conflict which could include $China and $Japan. If Seal Team 6 is really heading to South Korea we might be talking about something happening within 30 days.
@GoldfingerFinal thought on North Korea. I don't think any mission inside North Korea could be carried out without $China at least being aware of it. Too many things could go wrong to not have China on board. Very dangerous situation....
@Goldfinger@rangerbentman Great points, I'm not advocating taking him out. Bad situation, simply analyzing it from the sidelines. $China would have to have a new dictator ready to take charge or it would be a disastrous outcome. Stockpiles of weapons with 2 million troops who don't have skills other than walking in line and firing AKs....