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March 22nd - For investors eager to "buy the dip," institutions generally offered cautious advice. "Technical analysis indicates that gold prices have clearly broken through the key support level of the 60-day moving average, meaning further downside potential may be unlocked," one trader advised. Given that negative factors such as the Feds monetary policy and the dollars performance are still unfolding, the short-term downtrend is not yet over, and ordinary investors should not blindly try to catch a falling knife. They should wait for gold prices to consolidate and stabilize within the $4400-$4600/ounce range before gradually accumulating positions for medium- to long-term holding.March 22nd - The markets current focus is on whether gold prices can rebound. Huaxia Fund analysis suggests that gold, considered a safe-haven asset, has been declining since March because its safe-haven appeal stems from the collapse of the US dollars credit and runaway inflation, rather than from liquidity depletion and deflationary risks. The market is currently concerned about marginal deterioration in liquidity, while the impact of geopolitical conflicts has significantly weakened. The institution believes that the monetary tightening impact on gold is more temporary, and the long-term logic of geopolitical conflicts and central bank gold purchases remains unshaken or reversed. Golds medium- to long-term upward momentum continues, but in the short term, it still needs to wait for risk release. Luo Zhiheng, chief economist at Yuekai Securities, points out that the current plunge in gold prices is not a signal of the end of the bull market, but rather a deep correction during an upward trend. In the long term, the normalization of global geopolitical risks, strong gold purchase demand from non-US central banks, and the risk of the global economy shifting from "inflation" to "stagnation" will all provide solid support for gold prices.March 22 – At the China Development Forum 2026 held today (March 22), Finance Minister Lan Foan stated that, in response to the prominent contradiction between strong supply and weak demand in the current economic operation, a comprehensive approach will be taken, utilizing policy tools such as deficit spending, special bonds, and loan interest subsidies to build a strong domestic market. Lan Foan stated that greater efforts will be made to boost consumption and increase the力度 of inclusive policies directly reaching consumers. This year, 250 billion yuan of ultra-long-term special treasury bonds will be allocated to support the trade-in of old consumer goods, and a 100 billion yuan special fund for fiscal and financial coordination to promote domestic demand will be established, providing more substantial financial support for consumption. Simultaneously, efforts will be made to enhance long-term consumption capacity, strengthen support for employment, improve the social security system, strengthen the regulatory role of taxation and transfer payments, and increase residents income through multiple channels.Market news: A British nuclear-powered submarine has arrived in the Arabian Sea.On March 22nd, Luo Zhiheng, Chief Economist of Yuekai Securities, stated that in the long run, favorable factors supporting gold prices remain. The current plunge in gold prices is not a signal of the end of the bull market, but rather a deep correction during an upward trend. First, global geopolitical risks have become the norm. The Trump administrations foreign policy has led to an increase in the frequency of conflicts and exacerbated chain reactions, which will continue to weaken the credibility of the US dollar. Second, non-US central banks willingness to purchase gold remains strong, which is expected to continue to push up the central price of gold. Under the new normal of geopolitical risks, increasing gold holdings has become an important option for non-US central banks to cope with sanctions risks and enhance financial security. Emerging market central banks are particularly active, and there is still considerable room for reserve growth. Third, if global economic risks shift from "inflation" to "stagnation," gold prices are expected to be supported. High global energy prices, on the one hand, directly erode residents actual consumption power, and on the other hand, may suppress demand and curb inflation by forcing monetary policy tightening, ultimately potentially leading to economic downturn or even recession. In a "stagnation" environment, the strategic value of gold will be further highlighted.

Amazon Files a Grievance Against the Union's Victory in New York, Claiming Collusion

Haiden Holmes

Apr 08, 2022 10:02

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The United States' National Labor Relations Board (NLRB) has given Amazon until April 22 to substantiate its opposition to last week's poll in New York, in which Staten Island employees chose to create the company's first union in the United States. Amazon sought more time to provide evidence due to the "substantial" nature of its concerns, the company said in a filing Wednesday.


A verified election outcome would give organized labor a footing in the second biggest private employer in the United States, with the ability to affect how Amazon conducts its finely calibrated business.


Around 55% of employees at Amazon's JFK8 warehouse in the New York City borough of Staten Island who participated in the election chose to join the Amazon Labor Union (ALU), which has requested more compensation and job security. Since then, the union has been approached by employees at an additional 50 Amazon locations in the United States, according to the group's chairman.


Amazon's lawsuit said that company intends to challenge the decision on the grounds that the ALU interfered with workers in line to vote and that extended wait times decreased participation. Approximately 58% of eligible voters voted in person across many days.


Eric Milner, an attorney with the legal firm Simon & Milner who represents the ALU, denounced Amazon's assertions as bogus and said that they will be overturned.


"To assert that the Amazon Labor Union threatened staff is ludicrous," he said. "The Amazon Labor Union is composed entirely of Amazon workers."


Separately, the RWDSU expressed opposition on Thursday to an election in Bessemer, Alabama, in which Amazon employees voted against unionization. It was the second election in Bessemer, after the NLRB's determination that Amazon intervened unfairly in the last election there last year. The most recent results are still pending due to hundreds of contested votes and now the RWDSU's objections, which may prolong the process by months.


"We want our workers' votes to be heard," Amazon spokeswoman Kelly Nantel said. "We hope the NLRB considers every legitimate vote."


The RWDSU said in a filing that Amazon unjustly deleted pro-union information from non-work locations and dismissed one employee for speaking out in support of the union during required work sessions. The RWDSU said that these were sufficient reasons for the NLRB to vacate the decision.


Amazon expressed dissatisfaction with the RWDSU's activities, including the union's discussions with employees about the usage of a mailbox on warehouse property, but said that raising objections was regular procedure.


The company will have a difficult time showing that the New York union breached regulations governing employee involvement, according to John Logan, a labor expert at San Francisco State University.


Additionally, the NLRB often takes employer-related claimed breaches more seriously than union-related alleged violations, he said, since businesses wield more authority over employees.


"It's going to be really difficult" for Amazon, he said.

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