PRIVATE BLOG – Gold & The Pop to 1397 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
ASIA / AUSTRALIA: Nikkei has reported that Apple plans to move some of its manufacturing out of China. However, it is unlikely that the jobs will go to the US against the president’s wishes. “A lower birthrate, higher labor costs and the risk of overly centralizing its production in one country. These adverse factors are […]
ASIA / AUSTRALIA: There was upbeat news regarding the U.S.-China trade deal today. Trump stated that he and President Xi spoke and that they will have an extended meeting next week at the G20 event. A 6.7 magnitude earthquake hit the north east of Japan today, with expectations of perhaps multiple tsunamis to hit the […]
ASIA / AUSTRALIA: Hong Kong repealed their decision to allow extradition to China after thousands went to the streets in protest of the original decision. Prominent activist Joshua Wong has called for the city leader Carrie Lam to step down. Chinese technology giant Huawei has admitted that there has been as much as a 40% […]
ASIA / AUSTRALIA: Chinese Industrial output numbers were released today and show a growth rate of 5%. This is the lowest rate of growth in 17 years, showing the strain the U.S. trade tariffs are likely having on the Chinese economy. A former Chinese central bank governor has warned that the trade war can cause […]
PRIVATE BLOG – Gold & the Summer Rally Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
The Bank of International Settlements under Basel-III changed the status of gold as a reserve asset effectively on April 1, 2019. Gold used to be viewed by the banks as a risky asset and classified under “Tier-3”, which meant it was considered risky and could only be carried on the books at 50% of […]
ASIA / AUSTRALIA: A Pilipino ship was sunk in the South Chinese Sea. The Philippines sent a formal diplomatic protest to Beijing on Thursday condemning the actions of the Chinese ship and urging China to investigate the matter. The Chinese responded by calling the incident an “ordinary maritime accident.” There are currently joint Japan and […]
PRIVATE BLOG – Gold & the Summer Rally Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
ASIA / AUSTRALIA: News emanating out of China states big tech firms are planning to move production out of China. This comes around after Huawei just failed to launch their new laptop. This was a first time a Huawei product failed to launch since the trade war began. An Apple partner, Foxconn Technology Group, said […]
