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The head of Irans Energy Optimization Organization stated that, as part of three ongoing proposals to manage Irans gasoline supply, Iran is considering a proposal to allocate 30 liters of gasoline per person per month, with the quota being transferable and tradable.August 16th - Next week, UK consumer prices will be the focus of media attention, while the shortage of AI-powered memory chips and rising energy costs are keeping the Bank of England on high alert. Data to be released on Wednesday is expected to show inflation accelerating for the first time in four months, with a survey of economists showing a median forecast of a 2.9% jump in July. This marks the beginning of an upward trend expected to continue into the second half of the year, ending a period of positive news regarding price pressures. As the impact of the Iran war on prices becomes increasingly apparent – especially given the still strong economic performance – this data could further unsettle Bank of England policymakers. While the inflation outlook is largely dependent on developments in the Middle East, artificial intelligence is emerging as a potential "dark horse." The Bank of England has warned that the rapid expansion of AI computing power is driving up the cost of memory chips used in mobile phones, laptops, and game consoles. Data from the British Retail Consortium in July indicates that rising chip costs are being passed on to the prices of electronic products.OpenAI Codex Product Manager: Let Sol manage a high-performing team of Luna agents for you. These models know each other very well and can work together to achieve goals with amazing speed and efficiency.Market sources say that some units at the Libyan power company have stopped operating after the explosion.On August 16th, ahead of Nvidias (NVDA.O) highly anticipated $500 billion financing deal this week, investors were already concerned about approximately $70 billion in "shadow liabilities" that werent on the balance sheets of major AI companies but could surface in the worst-case scenario. With Nvidias latest move, the company may be providing tens of billions of dollars in so-called "residual value support" for debt transactions related to AI infrastructure development—essentially using its high credit rating to help control customers financing costs. With computing power demand surging, such guarantees are practically a "free lunch" for giants like Nvidia and Broadcom: they can expand sales to customers and AI companies without having to include the related debt on their balance sheets. These arrangements typically involve multiple stages: a special purpose entity borrows to purchase chips, the loan supported by cash flow generated from contracts with companies that will use the technology in the future. If the company stops making payments, the assets are re-leased or sold to repay the remaining debt. If a funding gap still exists, the guarantor makes up the difference. Theoretically, this process carries extremely low risk. However, some havent fully grasped this logic. DoubleLine portfolio manager Mariya Entina stated, "Its like playing the rules; youre trying to get special treatment from rating agencies to get the highest possible rating. Were entering an era of financial engineering. Thats one of my concerns: when financial engineering prevails, the true financial situation gets obscured."

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

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Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

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It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


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