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SenseTime (00020.HK): It is expected to record a profit of approximately RMB500 million to RMB700 million in the first half of the year, compared with a loss of approximately RMB1.48927 billion in the same period last year.On August 16, the Islamic Republic of Iran Broadcasting (IRIB) reported that Iranian Army Commander-in-Chief Amir Hatami announced a $30,000 reward for the capture or killing of U.S. soldiers. The reward will reportedly be given to any Iranian soldier who comes from "the Iranian people."On August 16, Zijin Mining International (02259.HK) announced that in the first half of the year, thanks to the full contribution of newly acquired assets and the continued optimization of mature mines, gold production increased by 44% year-on-year to approximately 27.3 tons; revenue and profit attributable to owners of the parent company increased by 100% and 179% year-on-year, respectively, and net cash flow from operating activities increased significantly by 331% year-on-year.On August 16, the General Staff of the Ukrainian Armed Forces reported that Ukrainian forces attacked the "Kamensky Joint Enterprise" in Rostov Oblast, Russia, a Russian military-industrial complex. The Ukrainian side stated that a fire broke out at the target site, and the extent of the damage and the results of the operation are still being verified. The Ukrainian military stated that this military-industrial enterprise is a major Russian military-industrial enterprise, producing solid rocket fuel for the "Hurricane," "Tornado," and "Tornado-S" multiple rocket launcher munitions, as well as related fuels for various missile systems and air-to-ground weapons. On August 16, local time, the Russian Ministry of Defense released a 24-hour combat report stating that Russian forces had taken control of two settlements: Pershomalievka in the Donetsk region and Kudyevka in the Kharkiv region. The report stated that Russian air defense forces shot down 14 guided bombs, 1 US-made HIMARS rocket, 9 Flamingo long-range cruise missiles, and 1,478 fixed-wing drones. This is the highest number of Ukrainian drones shot down in a single day as reported by the Russian Ministry of Defense to date.On August 16th, according to a report by Axios, citing three sources familiar with the matter, in mid-May, US negotiators encountered a problem when attempting to reach an agreement with Iran to end the war: they were unsure whether the Iranian representatives across the negotiating table truly represented the countrys powerful Islamic Revolutionary Guard Corps (IRGC). The report stated that, therefore, Trump administration officials took an unusual approach—bypassing Iranian negotiators and contacting the IRGC leadership directly. The person chosen by the US to oversee this secret communication channel was Nechirvan Barzani, the president of the Iraqi Kurdistan Region. He possessed an extremely rare advantage: the trust of both the US and the IRGC leadership. This incident highlights that a key reason for the difficulties in US-Iran negotiations lies in Washingtons inability to ascertain who truly holds decision-making power in Iran. The US and Iran did ultimately reach a memorandum of understanding, but it quickly collapsed.

Silver Price Prediction - Silver Pulls Back Once More

Alina Haynes

Aug 16, 2022 11:29

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Silver markets have retreated somewhat during Monday's trading session as the 50-day exponential moving average (EMA) continues to act as a bit of a price magnet, and of course, we are sitting in a region that has a large amount of market memory. The candlestick is obviously pretty ugly, and a break below the $20 level on a daily close might spark a significant amount of selling. Moreover, if interest rates continue to exhibit signs of growth, this could exert additional downward pressure on silver.

 

China's apparent slowdown and the fact that silver is an industrial metal only serve to exacerbate the situation. In other words, the question will be whether there will be sufficient demand for silver to maintain high prices. Currently, the $21 level appears to be a strong resistance barrier that will be tough to overcome; if we could, the market may reach the $22 level.

 

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As of late, the market has been exceedingly raucous, having soared to the sky. At this time, the concern is whether or not we have the potential to fall hard enough to fill the gap below, which is at the $19.00 mark. In this circumstance, a major decline is just waiting to occur. Pay particular attention to the US dollar, as it will have a significant impact on what occurs next, since a strengthening US currency normally has a negative effect on the silver market.