Wow, know anything about the infamous "Exclusive Letter Of Intent" said to have been signed between Karachi Electric Company and GE Distributed Power, who SYMX claimed they had a "vertical" partnership with? The letter of intent, according to SYMX's own press releases, called for certain milestones/targets to be met which would result in a power plant purchase agreement.
There hasn't been a word about the "Karachi Deal" in a looooong time? No milestones announced....no targets achieved?
And what about India, same thing, the silence is deafening, remember, this is allegedly a "break through technology, finest available in it's space...and after announced a marketing presence/partnership in three "developing nations" with expressed interest in CTG technology, those being China-Pakistan and India, why nada?
The more I look at past announcements-promises-assurances as opposed to "performance", the more "depressed I become"!
I would also like to know what to do with Rupe's if dollar takes a hit through something "like" a bond market crash? What type of hedges would you guys recommend beyond gold? Most of you seem to know what your talking about, I see the connections, between the Yuan, the U.S. Treasuries market and the dollar clearly, that's why I want some good hedges and advice! Thanks, Kabir in Karachi!
It brings to mind, for me at least, a story that first was printed by the New York Tribune in 1906 and taken from a sermon by Rev. Charles S. Wing:
Spoiler: "I think I can...I think I can"!
From, "The Little Engine That Could"!
Only in this version, "think again"!LOL
Try this on for size.
Platts-The Barrel, 8/27/15 by Colin Richardson entitled "The Order Is Rapidly Fading And China's Steel Industry Faces New Pressures".
Very good article about the world's largest exporter of steel, well, at least that's the way it "used to be"?
Err, isn't SYMX intimately involved via Midrex with China's steel market, just saying?
Bandit-your post reflects the typical trash talk one usually attributes to say...a donut hole! BTW, it's hard to "shine a Jack boot...while it's firmly lodged within your own oral orifice"!
Whoever you are, can't keep up with all the forum drama, your definitely a moron!
I'm shorting the bond markets, the benchmark 20 with TBT and the 7-10 with another. This, as always, was an excellent post and presented a very informative take on the flight of foreign currency reserves "out" of China as well as declining purchases by Peoples Bank of China of foreign treasury instruments, and how that, combined additional diminishing purchases by other nations could and will , if they continue, ultimately usher in higher U.S. Bond yields, oh, of course the FED could initiate yet another round of quantitative easing by once again purchasing it's own treasuries?LOL
Bottom line, one day, and probably not to far off in the future, someone will have to "pay the piper" as they say!
It just hit a buck and then fell back to .0999...AW, you were right on the money in identifying 1.00 as a new key resistance point!
It's sad that only "bmr" aka brucie-two and his two main pals "dogie and corn-ho&%" can't muster up anything more than "bandit's-aka -one of them" post about "Jack Boots"? Many here have made fools of the "circle of jerk-of%$" so many times I have lost count! But no matter, people here know whose posting relevant stuff and who isn't...whose posts are simply " the reactionary posts from company hacks intent on conveying the impression that people will get rich with this stock and perhaps that will, in the end prove true, however, any betting man, taking into consideration the facts over the past decade, would have to remain highly skeptical!
"Don't you just love it"...when a post draws the "psychos" out of the "bushes" LOL...where they have been hiding, ready , as they have done here, to "jump out" and , as Jiesner stated..."make you real scarey"?LOL
Hongli Clean Energy Technologies Corp. (CETC) ("Hongli" or the "Company"), a vertically integrated producer of clean energy products located in Henan Province, today announced that the Company and Bairui Trust Co., Ltd. (the "Lender") had reached an agreement that allowed the Company to extend the maturity date of a RMB 180 million (approximately $29.3 million) loan (the "Loan") from the Lender from October 2, 2015, to April 2, 2016. The annual interest rate of the Loan remains unchanged at 11.88%.
It is actually very positive for CETC because they did not have the ability to pay off the loan.
very amusing but no substantative offering as to SES' future and I am a bit scared about jeisener's fascination with "witch way door"-is he a switch hitter?
always a lot of laughs
you guy way funiy more than dogie but scarey me to, what hapen to Yen when sky fal? i do like brucie-2 an go witch way door, witch way door lol or sell-hold Yen?
"You must increase yield", Mmmmm...that's no good when your economy's foundation is built upon a "fiat currency" and near zero rates and the only one's making money are U.S. Banks-hedge fund managers-while the rest of us ramble along in a global market ,most recently, by volatility and uncertainty! If I remember correctly, near zero rates and flooding the economy with worthless paper was designed by the FED to "stimulate" the economy... not keep it in stabilization mode for a decade?
Foreign government's, and China and Russia, in particular , constitute a good part of our treasury business. The figures you quote from the Wall Street Journal, and if the trend continues, do not portend well for U.S. Treasury markets, BTW, an excellent reason to own some Gold, as AW stated, yields are to a large extent affected by "demand", "diminished demand=higher yields...at what point do these yields become unsustainable, that is the question that has long plagued Treasury pundits?
I have seen 4-4.5% kicked around a lot, but at some point the "bow breaks" and you risk a potential "bond market crash" and that would shake the U.S. economy to it's core.
Oh, BTW, as China decreases foreign reserves and curtails buying U.S. Treasuries, they are buying more Gold than ever, analysts suspect far more than they are reporting...for what purpose though?
Mmmmm, dare I proffer one scenario, what if they plan, at some point and time, to place Yuan on "gold standard"...Shush....did I just hear the hammer fall on the U.S. "greenback"?
Don't you just love it when people around here downplay the impact of economic events in China and their implications for the world economy? Sometimes we don't even know what those implications might be, we just know they're "no good"!
In recent articles by the Wall Street Journal discussing the state of the Yuan and U.S Treasuries and how they might be related, here's some facts and figures for digestion.
In the last 12 months ended July sales of treasuries by central banks worldwide tanked to a net of 123 Billion, biggest single year decline since they started keeping records in 1978?
The nations charting the largest declines in purchases China-Russia-Norway-Brazil and Taiwan!
With and regarding China there is an additional problem that stems from efforts by the People's Bank of China and is linked to their efforts to stabilize the Yuan after devaluating same. They(PBOC) reduced their "foreign reserves" by a record 93.9 Billion in August and another 43.0 Billion in September, fifth month in a row of of declines in Foreign Reserves
Following the devaluation of the Yuan, the Chinese had to dump foreign currency and curtail treasury investments to cope financially with policies to "stabilize" the Yuan.
In August alone the Chinese spent between 120-130 Billion in propping up the Yuan after fears that the devaluation would destabilize the currency!
Now, given, all of the nations reported as reducing treasury purchases did so for varying reasons, different from those of China , outlined above and there were some exceptions, like India, that actually added foreign reserves and increased treasury purchases
There seems to be no question that China's reduction in treasury purchases and dumping of Foreign Reserves are directly linked to the devaluation of the Yuan.
How will all this play out for central banks around the globe and particularly for the U.S. Treasury market?
Near zero rates mean "nothing" if demand falls for U.S. Treasuries, you must increase yield
"young', that's the general gist of the problems everyone questions and has for time I have been here and those questions and attempts to explain same(lack of performance) are always met with the same cynicism and sarcasm by the SAME people?
Yet they only post in "response" to these questions never offering any explanations...just yak-yak-yak about all the potential and "blue sky" optimism while attempting to debunk any and all who attempt to draw any conclusions about same, they are real good at that and attacking the messengers bearing messages they don't like, as you say...pathetic, like men in a lifeboat from a sunk ship, hoping for a rescue that hasn't materialized in over a decade!