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On August 10th, SpaceX (SPCX.O) announced a partnership with Tesla (TSLA.O), with an initial investment of $16.8 billion, to build the Terafab chip facility in Texas. A blogger posted that, based on Terafabs announcement, Musk seems to be adopting the "Free Electron Laser" (FEL) technology route to challenge ASMLs (ASML.O) LPP EUV light source and disrupt the monopoly of traditional EUV wafer manufacturing technology. Musks subsequent response seems to confirm this, as he posted "FEL FTW" (FEL For The Win). The slender design of Terafabs factory and Musks reply suggest that Terafab is likely to adopt FEL technology. Although Musks pursuit of FEL is currently just speculation, it has sparked heated discussion within the industry. FEL boasts advantages such as high power, high coherence, tunable wavelength, and higher energy efficiency, theoretically potentially pushing lithography light sources from 13.5nm to 6nm or even shorter wavelengths. However, the massive size of the accelerator system, its cost, and the stability of mass production remain the biggest challenges to industrialization.Iranian Parliament Speaker Ghalibaf: The world today has realized that Iran is not to be trifled with.Iranian Parliament Speaker Qalibaf: The Islamic system is at one of the most critical moments in its history, playing an irreplaceable role in regional and global security and stability.A Yemeni military source said that Yemeni citizens should stay away from areas where Saudi military personnel are concentrated.According to the Iranian news agency IRNA, the deputy head of the Iranian presidential office responsible for press and communications announced that Irans Supreme Leader Mojtaba has appointed Mohsen Rezaei as his representative in the National Security Council.

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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