Gold Silver Reports (GSR) – Japan Exports Surprisingly Weak on Stronger Yen, Trade War Fears — ✅ Exports are weak, and the big factor is the weakening momentum in global manufacturing, said Hiroaki Muto, chief economist at Tokai Tokyo Research Center. “I now see a possibility it could be worse than a soft patch,” with today’s data indicating exports may be weakening as a trend.
How Investors Can Manage India’s 2019 Election Risk
Gold Silver Reports (GSR) – How Investors Can Manage India’s 2019 Election Risk – “Since 1991, every election has been preceded by a coalition government; hence, the market has had room to be hopeful of a stronger government,” Morgan Stanley said. “It enters the 2019 polls with a majority government already at the helm. So, it has to deal with the prospects of a weaker government at the centre.”
Alberta Readies Oil Embargo in Kinder Pipeline Battle
Gold Silver Reports (GSR) – Alberta Readies Oil Embargo in Kinder Pipeline Battle – Alberta on Monday introduced legislation allowing it to halt exports of oil and gas to B.C., ramping up pressure on the coastal province to drop its opposition to the pipeline expansion. Alberta Premier Rachel Notley made clear she doesn’t expect to have to use the new powers, but wants to make sure the province has every available tool in its fight to ensure the Trans Mountain expansion gets built.
North and South Korea Reportedly Set to Announce Official End to War
Gold Silver Reports (GSR) – North and South Korea are in talks to announce a permanent end to their officially declared conflict, an unnamed South Korean official told the daily newspaper Munhwa Ilbo, according to Bloomberg and other U.S. news outlets picking up the report overnight. The development comes ahead of a summit next week between North Korean premier Kim Jong Un and South Korean President Moon Jae-in. Already, lawmakers from each side were reported to be negotiating the details of a joint statement that could outline an end to the confrontation.
Russia Sanctions Throw Global Aluminum Industry Into Chaos
Gold Silver Reports (GSR) – Russia Sanctions Throw Global Aluminum Industry Into Chaos — As producers like Rio hunt for new buyers for their bauxite and sources of alumina to feed smelters, the global chokepoint created by the sanctions means that many of the miners, refiners and smelters that should be benefiting from surging prices are actually facing challenges just to keep their operations running. For aluminum smelters, suspending operations is a worst-case scenario and restarting is very expensive.
Government Steps Up Currency Notes Printing Amid Cash Crunch
Gold Silver Reports (GSR) – Government Steps Up Currency Notes Printing Amid Cash Crunch — There is a spurt in currency demand, Economic Affairs Secretary Subhash Garg told reporters today. Additional cash is being supplied to meet the demand and Rs 500 currency notes worth Rs 2,500 crore are being printed every day, he added. That adds up to Rs 70,000-75,000 crore worth of notes in a month. Banking Secretary Rajiv Kumar had indicated earlier in the day that there is a shortage of Rs 500 notes in the system which will remain for five to seven days.
MCX Zinc Strong Support @202—199 level
Gold Silver Reports (GSR) – MCX Zinc Strong Support @202—199 level — Zinc on MCX settled up 1.23% at 205.20 gained on short covering and tracking LME zinc which rose 0.5 percent to $3,131.50 a tonne as investors wagered the latest U.S.-led strike on Syria would not escalate into a wider conflict, though Asian equities turned mixed as selling in bank shares slugged Chinese indexes.