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SK Hynix is reportedly considering paying a 0.5% fee on its massive ADR offering.On July 4th, a team led by Professor Yang Yuchao of the School of Integrated Circuits at Peking University, in collaboration with a team led by Researcher Song Zhitang of the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences, successfully developed the worlds first neurodynamics system-on-a-chip based on phase-change memristors. This breakthrough reduces the single-step latency of such complex calculations to 2.12 milliseconds for the first time. In tasks such as cortical reconstruction, this represents a speedup of 50 to 478 times compared to current advanced graphics processing units (GPUs), overcoming a real-time computing bottleneck that has constrained neurodynamics for half a century. The relevant findings were published in *Science* on the morning of July 3rd.On July 4, Jiang Lue, spokesperson for the China Coast Guard, stated that the Xiushan frigate flotilla replaced the Daishan frigate flotilla on July 4 and continued its law enforcement patrols in the waters east of Taiwan. Since June, the Daishan frigate flotilla has continuously conducted patrols, verification operations, and fishery protection and rescue operations in the relevant waters to ensure normal navigation and operational order and safeguard the legitimate rights and interests, as well as the lives and property of Chinese fishermen, including compatriots from Taiwan. The China Coast Guard will continue to strengthen law enforcement patrols in waters under its jurisdiction and resolutely safeguard national territorial sovereignty and maritime rights.July 4th - US President Trump: The US economy is booming! The stock market just recorded its best quarterly performance since my last term. The S&P 500, Nasdaq, and Dow Jones indices all surged, and Americans 401(k) retirement accounts continued to grow. My tax cuts for working families have put more money in American pockets. The US trade deficit continues to narrow, and exports have hit record highs for several consecutive months. The US is building, producing, and selling at an unprecedented pace. The trillions of dollars in new investment attracted under my administration mean more factories, more jobs, and more opportunities for the American people. This is victory. Americas "golden age" has begun, and this is just the beginning!July 4th - The Fujian Provincial Government recently issued the "15th Five-Year Plan for Digital Fujian," further detailing the development goals and key tasks for the construction of Digital Fujian during the 15th Five-Year Plan period. The plan proposes that by 2030, the provinces level of digital and intelligent development will reach a leading position domestically, continuously consolidating its advantages in areas such as market-oriented allocation of data elements, industrial digitalization, digital government construction, and the digital and intelligent development environment, making Digital Fujian a benchmark for the construction of Digital China. Specifically, it aims to achieve an average annual growth rate of over 8% in the added value of the core digital economy industries over the next five years.

Silver Gaps Higher to Start the Trading Week

Daniel Rogers

Jul 19, 2022 11:57

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As the $19 level is under threat, silver prices have gapped upward to start the trading week on Monday. Nevertheless, given the strong resistance in the region, I wouldn't be at all surprised if sellers jumped into the market and underpriced it. The $20 level may be the next objective, even if we break above the $19 level. Since silver is more of an industrial metal than a precious metal, the market will likely continue to view it with distrust.

 

The current state of the world economy is fraught with uncertainty, which is not the best atmosphere for rising silver prices. As a result, I believe we will keep looking for rallies you may join and then start fading. I think that sector is also another spot where you might see sellers reappear because the 50 Day EMA is now around the $21 level and declining fairly swiftly.

 

Breaking down below the $18 mark below would allow for new selling that might take us much lower. In the end, I believe that this market will continue to exhibit "fade the rally" characteristics, barring a significant shift in the Federal Reserve's attitude on monetary policy. I just don't see it occurring anytime soon, therefore from what I can see, the silver market is still in dire straits. In reality, the majority of commodities appear to be seriously in danger.