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Volkswagens CFO: If we do not cut excess capacity and instead continue to produce as planned at all our German plants, we will face a permanent cost disadvantage of approximately €1.5 billion per year.Volkswagens Chief Financial Officer: We currently believe that once existing products are phased out in the early 2030s, Volkswagens four factories in Germany will not have an economically viable option for continued production.Volkswagen CFO: We will do everything we can to effectively protect jobs and industrial value creation at our plants, and the same applies to Hanover.Volkswagen CFO: For us, closing factories has always been the most expensive option and a last resort.On August 31st, China Resources Land held its 2026 interim results press conference. At the conference, Xu Rong, President of China Resources Land, pointed out that the current round of reforms to the commercial housing sales system will profoundly reshape the industry from four dimensions: market expectations, homebuyer rights, corporate development models, and the pace of policy implementation. This will help real estate companies break away from the traditional "three highs" development path of high debt, high leverage, and high growth. Currently, the real estate industry has entered a new stage of improving the quality of existing stock and optimizing its structure. The transaction volume of second-hand homes has exceeded that of new homes, but the inventory of unsold and unbuilt new homes remains at a high level. The new policy optimizes the pace of land supply and encourages the sale of completed homes, which will benefit the stabilization and price recovery of the new home market in the long term. The policy effects in high-tier cities will be released first. China Resources Lands land reserves are concentrated in high-tier cities, and the new policy will also help the company accelerate the destocking of existing stock and optimize its land resource structure.

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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