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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.
@GoldfingerAnyone else think ZH has jumped the shark as far as number of ads on their pages? Anyway interesting post about a huge $gold find in $China: http://www.zerohedge.com/news/2017-03-29/chinese-gold-miner-claims-discovery-largest-ever-gold-mine
And even more interesting to me is the final paragraph:
"Chinese gold companies have been stepping up their search for domestic deposits and eyeing acquisitions as the nation seeks to increase reserves by 3,000 tons to as much as 14,000 tons by 2020, the Ministry of Industry and Information Technology said last month. That amount of holdings would propel China into first place globally for official gold reserves."
@Samson@Goldfinger re 1,300 t of $gold flowed into $china in 2016. This is a complicated issue. Firstly, over 60% of China's gold consumption comes from the jewellery sector. Currently this industry does not need as much gold as before because retailers are shifting the strategy from volume in the past to margins. In the past they sell alot of 24k gold (low margin). Now they are pushing high margin products like gems and 18k. Secondly, in order to protect the yuan exchange rate, the PBOC 'suggested' the banks to import less gold. China is very likely to import less gold in 2017 vs 2016, as the import quota will be likely less this year.
@EpsteinResearchIn the next several days, North Korea & China are on Trump's to do list. With recent news of a North Korean ballistic missile fired 60 km into the sea, this should be interesting. #Korea#Northkorea#China#Trump saying the U.S. will go it alone on North Korea if need be. How can the #gold price not go up!?!
"....senior White House officials warned that the North Korea threat is now "urgent." North Korea has been the subject of an interagency review since Trump took office. U.S. intelligence officials believe that at its current pace, it will have the ability to reach the U.S. with a nuclear missile within a year, and Obama warned his successor of the escalating danger before he left office.
"The clock has now run out and all options are on the table for us," a senior White House official said, providing a glimpse at Trump's message to Xi.
@rackerHardline #China govt connected newspaper, Global Times, just issued an editorial on #NorthKorea's nuclear ambitions. Key sentence: “If the North makes another provocative move this month, the Chinese society will be willing to see the UNSC adopt severe restrictive measures that have never been seen before” http://www.globaltimes.cn/content/1041998.shtml Have Trump and Xi reached an agreement that North Korea has to be stopped, albeit not by using unilateral US military force?
"Pyongyang should avoid making mistakes at this time."
@GoldfingerMarket fearing that North Korea will conduct an underground nuclear test which will force a reaction from $China, US etc. Tricky situation because Seoul, South Korea can be leveled within an hour by North Korean artillery, rockets, etc.
@MiningBookGuygreen anon - i used to think #China was becoming this dominating power. i now believe they are fragile, but could still surprise to the upside.
On the other hand, I think #Japan is way, way underrated! they are picked on constantly, despite having an incredible Navy and being far more wealthy per capita than the Chinese. (and importantly, more unified)
Just comparing these 2 because their in the same region, and the consensus is "China strong", "Japan weak" #geopolitics
@MiningBookGuyanon - we'll see...i 'hope' for 'world peace'...but 'hope' is just as dangerous in the real world as it is in the junior sector!
i fully expect various countries to get 'sized up' for various strengths/weaknesses soon. some countries that are considered weak (like #Japan and #France) could be far stronger than expected, primarily because of organized military. #China is the main target for 'overrated'...but #Germany might fit there too. #demographics are important, but who cares when the 'crisis' is right on the doorstep? what we care about then is who is 'weak' because of lack of 'strategic resources', dependency on global trade, 'strength of military', etc.
and i'm just repeating some stuff i've read and processed recently. i don't want to go into more detail right now, but wanted to 'change-up' the #index contributions a bit for fun. can pick up the conversation another time! #geopolitics