User blogs
I. Market evaluation (Fundamental Analysis)
- The very first rule of gold is that the price has always increased whenever a crisis occurred so far. There are many reasons for the price to go up, such as trade struggles, inflation, climate change, etc. and whether these impacts are more or less, they are all the premises to leverage gold prices.To get more news about WikiFX, you can visit wikifx news official website.
- In the last half of century, gold price has experienced 2 very strong increases. The first round was when governments gave up the policy of controlling gold price and eased the ban on private ownership of gold, happening around 1970. The price of gold then seemed like a long-term repression that had the opportunity to launch, in the exactly same time when economic and political points are more volatile, creating a “gold rush” speculation, price soared from 35 USD/ounce to 800 USD/ounce in 1980.
- It was a time when gold prices were at their peak, and from there began to go down after central banks sold out tons of gold. By 1999, each ounce of gold cost only 250 USD. - The downtrend then ended when European central banks agreed to coordinate in selling gold to stabilize this precious metal price. China also expanded the object of people allowed to own gold, the amount of buying back increased. Exchange-traded funds (ETFs) - which represent gold-holding investors - also create favorable conditions for people to hold the bullion.
Also from 2003 to 2011, the annual demand for gold has increased from about 2,600 tons to more than 4,700 tons, pushing prices up to a peak of 1,900 USD/ounce in 2011, then hindered market demand. As a result, the price has dropped to only 1040 USD/ounce by the end of 2015 and early 2016, from then until 2019, when central banks started lowering interest rates, dragging government bond yields down, gold become more attractive to investors.
So the question now is whether gold (XAU/USD) will continue to increase in 2020-2021 or not？ And what factors will play the main role？
1. Economic Instability
Thanks to special physical properties, gold is both a special commodity and a currency to store and trade. Since ancient times, gold has always played an important role in the economy, with the role of real assets used to reserve, whenever the world economy is unstable, people will rush to buy gold. The reason is that when the economy is difficult and unpredictable, doing businesses will become more struggling, other high-risk investment channels, declined securities, devalued currencies, etc. gold is considered as the most convenient safe haven asset. Great buying demand will push gold price up.
2. US – Index
Because the currency US dollar acts as an international payment currency, and the world price of gold is also traded in US dollar, so the relative value of gold is expressed in US dollars. Therefore, when the USD depreciates, it means that gold price increases and vice versa.
3. Gold Supply
Because gold is also a commodity, its price also changes according to the law of supply and demand. There are three factors that change the world's gold supply.
· First, the nation's gold reserves policyIf one or several countries decide to buy gold to store in large quantities, the world gold price will increase and vice versa. Therefore, monitoring the world's news regarding gold trading policies of major central banks will be good for predicting gold prices.· Second, the influence from the gold trading of large fundsCurrently there are a number of large funds holding huge amounts of gold. Every movement of these big players will has a strong influence on world gold prices. In particular, these funds have launched fund certificates to attract many speculative investors into this market.These funds include:- IMF: holds about 3,100 tons of gold- SPDR Gold Trust: This is considered the largest gold investment fund in the world. This fund currently holds about 768 tons (2019).
· Third, the world gold production/mining
The countries known for having the largest gold mining output in the world are China, Australia, Russia, USA, South Africa and Canada. Every time the mining output in these countries declines, it will cause world gold prices to rise and vice versa.
Since the Covid-19 pandemic began to spread from the beginning of 2020, putting the world into a deep crisis, companies filed for bankruptcy are increasing, unemployment rate goes up day by day. In addition, those lockout policies to limit the widespread of Covid-19 epidemic have caused a decline in exports, forcing the world's central banks to launch bailouts for their economy. In the US, for example, the US Federal Reserve has launched a $ 2,000 billion bailout package, leading to a decline in bond yields and an increase in the risk of inflation, which has slipped prices for other assets and currencies.
- However, the pandemic situation is still quite complicated in the present context, the second wave has come back in quite a lot countries and territories, plus the widespread situation is quite unpredictable, for example, Australia and several US states have reported a spike in new cases of virus infection as well as Latin America or India, the second largest consumer of gold bullion in the world.
- The very first rule of gold is that the price has always increased whenever a crisis occurred so far. There are many reasons for the price to go up, such as trade struggles, inflation, climate change, etc. and whether these impacts are more or less, they are all the premises to leverage gold prices.To get more news about WikiFX, you can visit wikifx news official website.
- In the last half of century, gold price has experienced 2 very strong increases. The first round was when governments gave up the policy of controlling gold price and eased the ban on private ownership of gold, happening around 1970. The price of gold then seemed like a long-term repression that had the opportunity to launch, in the exactly same time when economic and political points are more volatile, creating a “gold rush” speculation, price soared from 35 USD/ounce to 800 USD/ounce in 1980.
- It was a time when gold prices were at their peak, and from there began to go down after central banks sold out tons of gold. By 1999, each ounce of gold cost only 250 USD. - The downtrend then ended when European central banks agreed to coordinate in selling gold to stabilize this precious metal price. China also expanded the object of people allowed to own gold, the amount of buying back increased. Exchange-traded funds (ETFs) - which represent gold-holding investors - also create favorable conditions for people to hold the bullion.
Also from 2003 to 2011, the annual demand for gold has increased from about 2,600 tons to more than 4,700 tons, pushing prices up to a peak of 1,900 USD/ounce in 2011, then hindered market demand. As a result, the price has dropped to only 1040 USD/ounce by the end of 2015 and early 2016, from then until 2019, when central banks started lowering interest rates, dragging government bond yields down, gold become more attractive to investors.
So the question now is whether gold (XAU/USD) will continue to increase in 2020-2021 or not？ And what factors will play the main role？
1. Economic Instability
Thanks to special physical properties, gold is both a special commodity and a currency to store and trade. Since ancient times, gold has always played an important role in the economy, with the role of real assets used to reserve, whenever the world economy is unstable, people will rush to buy gold. The reason is that when the economy is difficult and unpredictable, doing businesses will become more struggling, other high-risk investment channels, declined securities, devalued currencies, etc. gold is considered as the most convenient safe haven asset. Great buying demand will push gold price up.
2. US – Index
Because the currency US dollar acts as an international payment currency, and the world price of gold is also traded in US dollar, so the relative value of gold is expressed in US dollars. Therefore, when the USD depreciates, it means that gold price increases and vice versa.
3. Gold Supply
Because gold is also a commodity, its price also changes according to the law of supply and demand. There are three factors that change the world's gold supply.
· First, the nation's gold reserves policyIf one or several countries decide to buy gold to store in large quantities, the world gold price will increase and vice versa. Therefore, monitoring the world's news regarding gold trading policies of major central banks will be good for predicting gold prices.· Second, the influence from the gold trading of large fundsCurrently there are a number of large funds holding huge amounts of gold. Every movement of these big players will has a strong influence on world gold prices. In particular, these funds have launched fund certificates to attract many speculative investors into this market.These funds include:- IMF: holds about 3,100 tons of gold- SPDR Gold Trust: This is considered the largest gold investment fund in the world. This fund currently holds about 768 tons (2019).
· Third, the world gold production/mining
The countries known for having the largest gold mining output in the world are China, Australia, Russia, USA, South Africa and Canada. Every time the mining output in these countries declines, it will cause world gold prices to rise and vice versa.
Since the Covid-19 pandemic began to spread from the beginning of 2020, putting the world into a deep crisis, companies filed for bankruptcy are increasing, unemployment rate goes up day by day. In addition, those lockout policies to limit the widespread of Covid-19 epidemic have caused a decline in exports, forcing the world's central banks to launch bailouts for their economy. In the US, for example, the US Federal Reserve has launched a $ 2,000 billion bailout package, leading to a decline in bond yields and an increase in the risk of inflation, which has slipped prices for other assets and currencies.
- However, the pandemic situation is still quite complicated in the present context, the second wave has come back in quite a lot countries and territories, plus the widespread situation is quite unpredictable, for example, Australia and several US states have reported a spike in new cases of virus infection as well as Latin America or India, the second largest consumer of gold bullion in the world.
Prior to the analysis, the fact that the author is a Trend Trader should
be taken into account. This trend trading method is of the longest-term
trading strategies which related to identifying and trading in the
overall direction of market, usually until reversal occurs. Trailing
stops will often be used to protect the account profits. The analysis
firstly based on fundamental analysis, then specified trading positions
based on technical analysis and use statistical probability to calculate
the probability of price increases and risks.To get more news about WikiFX, you can visit wikifx news official website.
We shall start with a number of reviews of the market history and the important milestones of the metal silver to see why we all should care for this.
In 1973, Hunt brothers – sons of the oil billionaire Haroldson Lafayette Hunt Jr began to acquire silver market.
On January 18th, 1980 Silver price reached the highest level ever, nearly $50/oz, which is also the period when the Soviet Union invaded Afghanistan. Silver prices fell about $15 later that year.
In February, 1985 the Hunt brothers were charged “with manipulating and attempting to manipulate the prices of silver futures contracts and silver bullion during 1979 and 1980” by the United States Commodity Futures Trading Commission (CFTC) (the US government raised deposit rates and trading restrictions) and fined $ 134 million in compensation for a Peruvian mineral company. The Hunt brothers then declared bankruptcy. And there is also a legendary investor who has also entered this market however people only know him mostly through the stock market – no one rather than Warren Buffett.
Warren Buffett also invested in Silver during 1997 - 1998, he bought 130 million oz. silver, which is equivalent to 4,043 tons. It generated a pre-tax profit of more than $ 97 million for their Berkshire Hathaway Group, Buffett revealed in a letter to shareholders in 1997. Berkshire CEO described the purchase of more than 4,000 tons of silver as “back in the past” because he had also invested in the metal in the 1960s. In 1997, Buffett once again bet on silver when he predicted the shrinking reserves and the process of “issuing more money” that the central banks was proceeding will push this metals price up.
Subsequently in the 2008 the historic event of financial crisis with the Fed's QE bailout packages pushed silver to $49.5/oz, the highest level since 1980. And then silver had a long slide in the price until today.
Silver has had a 3,300-day decline chain until the time the author wrote this analysis. And silver's chances are being strengthened as the primary metal – gold has achieved an 80% recovery from its peak in 2011 ,while silver is still down 65% from its own.
We shall start with a number of reviews of the market history and the important milestones of the metal silver to see why we all should care for this.
In 1973, Hunt brothers – sons of the oil billionaire Haroldson Lafayette Hunt Jr began to acquire silver market.
On January 18th, 1980 Silver price reached the highest level ever, nearly $50/oz, which is also the period when the Soviet Union invaded Afghanistan. Silver prices fell about $15 later that year.
In February, 1985 the Hunt brothers were charged “with manipulating and attempting to manipulate the prices of silver futures contracts and silver bullion during 1979 and 1980” by the United States Commodity Futures Trading Commission (CFTC) (the US government raised deposit rates and trading restrictions) and fined $ 134 million in compensation for a Peruvian mineral company. The Hunt brothers then declared bankruptcy. And there is also a legendary investor who has also entered this market however people only know him mostly through the stock market – no one rather than Warren Buffett.
Warren Buffett also invested in Silver during 1997 - 1998, he bought 130 million oz. silver, which is equivalent to 4,043 tons. It generated a pre-tax profit of more than $ 97 million for their Berkshire Hathaway Group, Buffett revealed in a letter to shareholders in 1997. Berkshire CEO described the purchase of more than 4,000 tons of silver as “back in the past” because he had also invested in the metal in the 1960s. In 1997, Buffett once again bet on silver when he predicted the shrinking reserves and the process of “issuing more money” that the central banks was proceeding will push this metals price up.
Subsequently in the 2008 the historic event of financial crisis with the Fed's QE bailout packages pushed silver to $49.5/oz, the highest level since 1980. And then silver had a long slide in the price until today.
Silver has had a 3,300-day decline chain until the time the author wrote this analysis. And silver's chances are being strengthened as the primary metal – gold has achieved an 80% recovery from its peak in 2011 ,while silver is still down 65% from its own.
USD/CAD rallies and extends its yesterdays bullish candle as the USD was
boosted by the USDXs rebound. The pair is challenging a major downtrend
line, so only a valid breakout will suggest buying and will announce a
reversal.To get more news about WikiFX, you can visit wikifx news official website.
The price is strongly bullish right now, but it remains to see what will really happen after the US and the Canadian data will be released. The Canadian Employment Change is expected around 700.0K in June, versus 289.6K in May, while the Unemployment Rate could drop from 13.7% to 12.0% in the last month, worse than expected figures will push the USD/CAD way higher.
On the other hand, the US is to release the PPI is expected to increase by 0.4%, while the Core PPI could increase by 0.1% after the 0.1% drop in the previous reading period. You should be careful during the economic data release because the volatility will be high.
Still, if the Canadian data will disappoint and the US data will come in line with expectations, USD/CAD will be expected to resume its current rebound. The pair could drop again in the short term if the Canadian figures will beat expectations.
● USD/CAD Breakout Attempt!
USD/CAD has registered only a false breakdown below the PP (1.3564) level and now has jumped above the major downtrend line and above the 61.8% Fibonacci level. A valid breakout above these levels will announce a larger increase and a potential reversal.
You can see on the Daily chart that USD/CAD has developed a pin bar on June 10, 2020, false breakdown with great separation below the lower median line (LML) of the major ascending pitchfork and below the 1.3356 level, this formation has signaled that we could have a reversal on this pair as long as the price stays within the ascending pitchforks body.
USD/CAD is trapped between the lower median line (LML) and the inside sliding line (SL), the failure to come back to retest the lower median line (LML) indicates strong buyers and a potential rally towards the sliding parallel line (SL).
The currency pair could move higher within this up channel, between LML and the SL, but I believe that a valid breakout above the downtrend line could bring an upside breakout from this channel as well, above the SL and above the R1 (1.3810).
A reversal, another leg higher, could be invalidated if USD/CAD will make only a false breakout with great separation above the downtrend line, this scenario could send the rate back towards the lower median line (LML) of the major ascending pitchfork.
● USD Bulls In Full Control on H4
USD/CAD has broken above the upper median line (uml) of the minor descending pitchfork as well, so a valid breakout from this pitchfork and above the downtrend line will signal a further upside movement, the first target will be at the sliding line (SL).
A false breakout above the mentioned lines will keep the pair within the minor down channel between the upper median line (uml) and the median line (ml) of the minor descending pitchfork in the short term.
The price is strongly bullish right now, but it remains to see what will really happen after the US and the Canadian data will be released. The Canadian Employment Change is expected around 700.0K in June, versus 289.6K in May, while the Unemployment Rate could drop from 13.7% to 12.0% in the last month, worse than expected figures will push the USD/CAD way higher.
On the other hand, the US is to release the PPI is expected to increase by 0.4%, while the Core PPI could increase by 0.1% after the 0.1% drop in the previous reading period. You should be careful during the economic data release because the volatility will be high.
Still, if the Canadian data will disappoint and the US data will come in line with expectations, USD/CAD will be expected to resume its current rebound. The pair could drop again in the short term if the Canadian figures will beat expectations.
● USD/CAD Breakout Attempt!
USD/CAD has registered only a false breakdown below the PP (1.3564) level and now has jumped above the major downtrend line and above the 61.8% Fibonacci level. A valid breakout above these levels will announce a larger increase and a potential reversal.
You can see on the Daily chart that USD/CAD has developed a pin bar on June 10, 2020, false breakdown with great separation below the lower median line (LML) of the major ascending pitchfork and below the 1.3356 level, this formation has signaled that we could have a reversal on this pair as long as the price stays within the ascending pitchforks body.
USD/CAD is trapped between the lower median line (LML) and the inside sliding line (SL), the failure to come back to retest the lower median line (LML) indicates strong buyers and a potential rally towards the sliding parallel line (SL).
The currency pair could move higher within this up channel, between LML and the SL, but I believe that a valid breakout above the downtrend line could bring an upside breakout from this channel as well, above the SL and above the R1 (1.3810).
A reversal, another leg higher, could be invalidated if USD/CAD will make only a false breakout with great separation above the downtrend line, this scenario could send the rate back towards the lower median line (LML) of the major ascending pitchfork.
● USD Bulls In Full Control on H4
USD/CAD has broken above the upper median line (uml) of the minor descending pitchfork as well, so a valid breakout from this pitchfork and above the downtrend line will signal a further upside movement, the first target will be at the sliding line (SL).
A false breakout above the mentioned lines will keep the pair within the minor down channel between the upper median line (uml) and the median line (ml) of the minor descending pitchfork in the short term.
Imagine with me. You are the boss of an ice cream shop. You decide on
the amount of stock to keep and prepare in advance. You will definitely
stock up and prepare more in summer where the hottest period of the year
is.To get more news about WikiFX, you can visit wikifx news official website.
Trading during the European session is like selling ice cream in summer. There is an enormous amount of trading activity and breakouts are more commonly seen.
#1 European Session Trading Hours
Europe wakes up as Asia winds down at 7am GMT. We will look at the opening and closing time of London as it is the biggest financial centre in Europe.
#2 Reasons
Reason 1: Being the most active Forex market in the world, you will expect high liquidity and low spreads, saving you time and money.
Reason 2: Volatility is higher which presents more trading opportunities such as breakouts. This means that you dont have to wait for long before you pocket a profit.
Reason 3: About 30% of all Forex transactions take place here.
#3 Characteristics
Londons session overlaps with 2 other major trading sessions - the Asian session prior to the open, and New York session towards the end. As such, this session is usually the most volatile.
Volatility will tone down in the middle of the session as traders head off for lunch before waiting for the New York session to begin.
Before the New York session, there is a tendency for reversals to occur, especially if the currency pair has made a substantial move.
#4 Average Pip Movement
The table below shows the average pip movement for the London session.
Please note that this table is not all-inclusive and the range may differ from time to time depending on various conditions such as news and specific economic trading activity.
#5 Which Pairs Should You Trade？
You guessed it! You should focus on the pairs with a larger range and trade those. This would allow you to achieve a decent amount of pips if you are day trading.
Conclusion
With the right understanding and expectations, this session can be extra rewarding.
As trend following and breakout strategies work great in this session, this session favors those who can read price action.
For those who are able to only trade when the USAs markets are open, look out for the next article as we shift our focus to New York.
An independent trader who seeks to educate through his own trading experiences, Jay began his own trading journey at the age of 22.
He is a self-taught trader who has read more than 200 books on trading and investment since college and created his trading methodologies modelling after several successful veteran traders.Jay has since amassed 10 years of experience trading different market conditions with consistency. Of the many disciplines in trading, he specializes in trading options, swing trades on equities, currencies,futures and contract-for-difference (CFDs).
Trading during the European session is like selling ice cream in summer. There is an enormous amount of trading activity and breakouts are more commonly seen.
#1 European Session Trading Hours
Europe wakes up as Asia winds down at 7am GMT. We will look at the opening and closing time of London as it is the biggest financial centre in Europe.
#2 Reasons
Reason 1: Being the most active Forex market in the world, you will expect high liquidity and low spreads, saving you time and money.
Reason 2: Volatility is higher which presents more trading opportunities such as breakouts. This means that you dont have to wait for long before you pocket a profit.
Reason 3: About 30% of all Forex transactions take place here.
#3 Characteristics
Londons session overlaps with 2 other major trading sessions - the Asian session prior to the open, and New York session towards the end. As such, this session is usually the most volatile.
Volatility will tone down in the middle of the session as traders head off for lunch before waiting for the New York session to begin.
Before the New York session, there is a tendency for reversals to occur, especially if the currency pair has made a substantial move.
#4 Average Pip Movement
The table below shows the average pip movement for the London session.
Please note that this table is not all-inclusive and the range may differ from time to time depending on various conditions such as news and specific economic trading activity.
#5 Which Pairs Should You Trade？
You guessed it! You should focus on the pairs with a larger range and trade those. This would allow you to achieve a decent amount of pips if you are day trading.
Conclusion
With the right understanding and expectations, this session can be extra rewarding.
As trend following and breakout strategies work great in this session, this session favors those who can read price action.
For those who are able to only trade when the USAs markets are open, look out for the next article as we shift our focus to New York.
An independent trader who seeks to educate through his own trading experiences, Jay began his own trading journey at the age of 22.
He is a self-taught trader who has read more than 200 books on trading and investment since college and created his trading methodologies modelling after several successful veteran traders.Jay has since amassed 10 years of experience trading different market conditions with consistency. Of the many disciplines in trading, he specializes in trading options, swing trades on equities, currencies,futures and contract-for-difference (CFDs).
The world of Forex trading is a highly lucrative one, reeling in
millions of dollars in profits year after year. In similar breadth, it
is also rife with the opportunistic and downright criminal, keen on
taking advantage of information gaps and hardworking people with
gullible schemes leading you nowhere. It can be hard to separate the
wheat from the chaff, given the difficulties in the process of
discerning real from fake traders. The WikiFX app gives you all the
necessary tools and information to make this process easier, so you can
make a sound investment decision in the forex market.To get more news
about WikiFX, you can visit wikifx news official website.
Features of the app
Available for both Android and iOS systems, WikiFX ensures your Forex trading peace of mind in the following ways:
Round the clock Forex News: Stay ahead of the Forex headlines and be in the know of scams before they get to you. There are tons of other useful content regarding the global forex industry as well.
Consistently accurate forex markets, entailing essential statistics such as chart analysis.
Reliable and authoritative data sources you can trust. Mined from worldwide regulatory institutes, you can rest assured in the data accuracy of WikiFX.
Comprehensive information from every forex angle, including trade rules, account details, and much more to ensure accurate verification.
More than 5000 brokers across 30 regions and countries. No matter your location, you can get all you need in a few clicks.
How WikiFX works
Get to know whether your broker is legit or not, via a quick search in the search panel at the “home” tab. Via the WikiFX appraisal, you can also determine the risk involved. If you’re short on broker ideas, click on “express” at the bottom bar, and you’ll get a list of the top brokers in the industries for your next forex journey. The financial news section offers real-time updates on the market, among other useful content.
Why WikiFX is better than the crowd
With a tremendous amount of data to govern your Forex trading, WikiFX is the Wikipedia equivalent for the market. It excels in both the quantity and quality of information, offering proven data sourced from field surveys, and trusted institutions. It’s also one of the few apps of its kind with such a massive number of broker options, more than 5000 in upwards of 30 countries and regions.
WikiFX’s consistent reliability means you no longer need to grope in the dark when trading, instead see all the options on the table and get full insight as to which is the best way to go.
Ensuring safe trading for all, WikiFX-Global Broker Regulatory Inquiry App is a must-have Forex bodyguard for all!
Features of the app
Available for both Android and iOS systems, WikiFX ensures your Forex trading peace of mind in the following ways:
Round the clock Forex News: Stay ahead of the Forex headlines and be in the know of scams before they get to you. There are tons of other useful content regarding the global forex industry as well.
Consistently accurate forex markets, entailing essential statistics such as chart analysis.
Reliable and authoritative data sources you can trust. Mined from worldwide regulatory institutes, you can rest assured in the data accuracy of WikiFX.
Comprehensive information from every forex angle, including trade rules, account details, and much more to ensure accurate verification.
More than 5000 brokers across 30 regions and countries. No matter your location, you can get all you need in a few clicks.
How WikiFX works
Get to know whether your broker is legit or not, via a quick search in the search panel at the “home” tab. Via the WikiFX appraisal, you can also determine the risk involved. If you’re short on broker ideas, click on “express” at the bottom bar, and you’ll get a list of the top brokers in the industries for your next forex journey. The financial news section offers real-time updates on the market, among other useful content.
Why WikiFX is better than the crowd
With a tremendous amount of data to govern your Forex trading, WikiFX is the Wikipedia equivalent for the market. It excels in both the quantity and quality of information, offering proven data sourced from field surveys, and trusted institutions. It’s also one of the few apps of its kind with such a massive number of broker options, more than 5000 in upwards of 30 countries and regions.
WikiFX’s consistent reliability means you no longer need to grope in the dark when trading, instead see all the options on the table and get full insight as to which is the best way to go.
Ensuring safe trading for all, WikiFX-Global Broker Regulatory Inquiry App is a must-have Forex bodyguard for all!
Are you always searching for WOW Classic Gold, aren't you? Because gold
can help you realize your dream and buy a lot of valuable items, and we
are so glad to give you some guide about it.To get more news about WoW Gold Classic Cheap, you can visit lootwowgold news official website.
You know, choosing a profession that can make money can let you rich overnight, but it doesn't always meet your requirements. You'd better constantly farm WOW Classic Gold through various challenges and quests. And our topic this time is mainly about fishing, you are supposed to figure it out now.
With WOW Classic, the professions are divided into two categories, primary and secondary, while fishing is just the secondary one, which can offer you a lot of skills and abilities. Almost everyone can earn gold through fishing, but you must know when and where to fish in order to get a large amount of ones.
There is basically no difficulty if you often fish in real life. After learning the skills of fishing, it is also very simple, you can first find a water area nearby and throw the fishing pole into the water, and then wait. When the bobber begins to move on the water, you should quickly click on your screen, adjust your fishing pole and click Bobber, you can get the fish.
It seems that a bit of a waste of time. You can use the basic method to earn XP and gold, however, when your level is high enough, you are not recommended to complete these very simple tasks.
For beginners, they always want to level up by fishing, so they need to stay in the fishing area for a long time, the longer they stay, the higher their fishing levels, from level 1 to 300, which all can be applied to the character skills.
When completing fishing, don't forget to complete more difficult challenges. After all, easy work can't always bring you a lot. It is a map signed the fishing skill range for every zone in WOW Classic below:
Some basic fishing equipment, fishing pole and lure are also required, you can buy sturdy fishing pole as investment, which will make you fishing easier and the fish will not run away.
You know, choosing a profession that can make money can let you rich overnight, but it doesn't always meet your requirements. You'd better constantly farm WOW Classic Gold through various challenges and quests. And our topic this time is mainly about fishing, you are supposed to figure it out now.
With WOW Classic, the professions are divided into two categories, primary and secondary, while fishing is just the secondary one, which can offer you a lot of skills and abilities. Almost everyone can earn gold through fishing, but you must know when and where to fish in order to get a large amount of ones.
There is basically no difficulty if you often fish in real life. After learning the skills of fishing, it is also very simple, you can first find a water area nearby and throw the fishing pole into the water, and then wait. When the bobber begins to move on the water, you should quickly click on your screen, adjust your fishing pole and click Bobber, you can get the fish.
It seems that a bit of a waste of time. You can use the basic method to earn XP and gold, however, when your level is high enough, you are not recommended to complete these very simple tasks.
For beginners, they always want to level up by fishing, so they need to stay in the fishing area for a long time, the longer they stay, the higher their fishing levels, from level 1 to 300, which all can be applied to the character skills.
When completing fishing, don't forget to complete more difficult challenges. After all, easy work can't always bring you a lot. It is a map signed the fishing skill range for every zone in WOW Classic below:
Some basic fishing equipment, fishing pole and lure are also required, you can buy sturdy fishing pole as investment, which will make you fishing easier and the fish will not run away.
If you once used an undead priest in Classic, you might have difficulties in many aspects, such as WOW Classic gold making. This is just our topic today, the guide of making Gold for Priest, one of WOW Classic classes.To get more news about Buy WoW Gold, you can visit lootwowgold news official website.
In general, Classic is actually a slow-moving game, it requires players to complete the quests one by one to get rewards, and Priest is usually considered to be related to healing. So it does not bring huge direct damage to enemies, but it also brings great help to the characters. In short, making a class efficient is crucial when making gold in the game.
Similar to other classes, you first need to choose profitable races for Priest, and the available ones are Dwarf, Human, and Night Elf, which could maximize the Priest's strengths and perform better in PVP or PVE.
Dwarves are best to use in the dungeons and raids with max, who can be unlocked the max value to cause fear to many monsters.Human can work well alongside the healing spells, which are just like a shield to return mana burn and shadow damage when attacking enemies.Night Elves are the defensive cooldown with Starshards, the channeling damage and Elune's Grace.
Besides, some crafting professions can help Priest make much gold, this is often seen in Classic, such as Tailoring, Enchanting, Alchemy, Engineering as well as cooking. All the items you craft can be used for yourselves, or you can sell them to others in exchange for a few profits. But don't forget to gather up and farm materials for crafting, otherwise you can't do anything without them.
No matter which classes you choose, everyone must gather up the materials for crafting, while the difference you can make it shorter than others by using some tips. Here are some optional professions for Priest in order to obtain sources.
A 7-Eleven near the beaches of Bonita Springs has a claim to fame —
selling a winning Powerball ticket worth $396.9 million.Get more news
about 彩票API,you can vist loto98.com
“Everybody’s very excited,” franchise owner Nour Obeissy said. “(Regulars) are happy for the store and the Bonita Springs area.”
One lucky person bought the winning ticket at 7:15 p.m. Wednesday night, just a few hours before the drawing, at the 7-Eleven store on Bonita Beach Road. The store is one of the last places to stock up on food and drink before hitting the beaches, drawing in both tourists and regulars.The lucky numbers were 9-12-15-31-60 and the Powerball was 2, according to a Florida Lottery news release.
The winner, who has yet to come forward, has 180 days to claim the prize and has the option to take a lump sum cash payment of $274 million instead of yearly payments.
In addition to the Florida winner, a $1 million ticket was sold in Ohio and another in Virginia.
Thursday morning was busy at the Bonita Springs convenience store. One customer waved around a Powerball ticket with a smile, claiming he "won the jackpot," before cashing in his ticket for a $5 prize. Others who stopped by gave a curious look at the posters that declare the location as the seller of the jackpot ticket.
Bonita Springs resident Paul Watson walked out of the convenience store Thursday morning with a coffee and some snacks. He said he lives in a nearby house.
“We come in here every day,” he said. “We were in here at 6:30 p.m. last night getting snacks. I could’ve had that ticket.”
“Everybody’s very excited,” franchise owner Nour Obeissy said. “(Regulars) are happy for the store and the Bonita Springs area.”
One lucky person bought the winning ticket at 7:15 p.m. Wednesday night, just a few hours before the drawing, at the 7-Eleven store on Bonita Beach Road. The store is one of the last places to stock up on food and drink before hitting the beaches, drawing in both tourists and regulars.The lucky numbers were 9-12-15-31-60 and the Powerball was 2, according to a Florida Lottery news release.
The winner, who has yet to come forward, has 180 days to claim the prize and has the option to take a lump sum cash payment of $274 million instead of yearly payments.
In addition to the Florida winner, a $1 million ticket was sold in Ohio and another in Virginia.
Thursday morning was busy at the Bonita Springs convenience store. One customer waved around a Powerball ticket with a smile, claiming he "won the jackpot," before cashing in his ticket for a $5 prize. Others who stopped by gave a curious look at the posters that declare the location as the seller of the jackpot ticket.
Bonita Springs resident Paul Watson walked out of the convenience store Thursday morning with a coffee and some snacks. He said he lives in a nearby house.
“We come in here every day,” he said. “We were in here at 6:30 p.m. last night getting snacks. I could’ve had that ticket.”
Luckin Coffee Inc. today announced that the Grand Court of the Cayman
Islands has appointed Alexander Lawson of Alvarez & Marsal Cayman
Islands Limited and Wing Sze Tiffany Wong of Alvarez & Marsal Asia
Limited to act as “light-touch” Joint Provisional Liquidators of the
Company (the “JPLs”). The appointment of the JPLs was made pursuant to
an application to appoint provisional liquidators by Luckin Coffee in
response to a winding up petition filed by a creditor of the Company.
Alvarez & Marsal is a leading consulting firm that specializes in
handling complex business issues and maximizing stakeholder value.To get
more news about luckin coffee delisted, you can visit shine news official website.
The Company believes the appointment of the JPLs will provide a stable platform to allow the Company and its advisors, including Houlihan Lokey (China) Limited (financial advisors to the Company), to facilitate the negotiation and restructuring of the Company’s financial obligations. The Company will continue to operate its business under the day-to-day control of its Board of Directors with the supervision of the JPLs. The Company is and will continue to be committed to offering products with high quality, high affordability and high convenience to its customers.
As of June 30, 2020, the Company’s estimated preliminary unaudited cash and cash equivalents (excluding restricted cash and illiquid short-term investments) amounted to approximately USD780 million, with the majority of the cash located within the People’s Republic of China. This amount is based on the information currently available to the Company and has not been audited or reviewed by the Company’s auditor. Accordingly, the Company’s actual cash and cash equivalents as of June 30, 2020 may differ from the preliminary balance presented here.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to the Company’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
The Company believes the appointment of the JPLs will provide a stable platform to allow the Company and its advisors, including Houlihan Lokey (China) Limited (financial advisors to the Company), to facilitate the negotiation and restructuring of the Company’s financial obligations. The Company will continue to operate its business under the day-to-day control of its Board of Directors with the supervision of the JPLs. The Company is and will continue to be committed to offering products with high quality, high affordability and high convenience to its customers.
As of June 30, 2020, the Company’s estimated preliminary unaudited cash and cash equivalents (excluding restricted cash and illiquid short-term investments) amounted to approximately USD780 million, with the majority of the cash located within the People’s Republic of China. This amount is based on the information currently available to the Company and has not been audited or reviewed by the Company’s auditor. Accordingly, the Company’s actual cash and cash equivalents as of June 30, 2020 may differ from the preliminary balance presented here.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China’s e-commerce market; PRC governmental policies and regulations relating to the Company’s industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Investors in China's Luckin Coffee (OTC:LKNC.Y) have had to deal with a
lot of surprises this year. Revelations of fraudulent accounting
practices led to a long suspension in trading of the shares on the
Nasdaq exchange. Top executives were ousted from the coffee store
chain's C-suite. And finally, Luckin shareholders got what many had
considered to be the final straw: notice that the stock would get
delisted from the Nasdaq.To get more news about luckin coffee, you can visit shine news official website.
After all those things happened, many expected that the stock would simply disappear on what they saw as an inevitable path toward zero. Yet after more than a week of trading on the over-the-counter market, Luckin has defied those bearish calls. Instead, the stock has more than doubled. Here are some of the reasons why.
1. Trading hasn't dried up
For many stocks, getting delisted from a major exchange means accepting an alternative for trading that has far less liquidity. That makes it difficult for institutional traders to get good executions when they want to buy and sell stocks, and it typically forces individual investors to deal with wide bid-ask spreads that are costly for frequent traders.
That hasn't happened with Luckin. Even over the counter, trading volume has remained above 10 million shares per day. For those looking to trade shares, bid-ask spreads remain at a reasonable $0.01. For those looking to speculate on the company's future, the only thing that's changed is the ticker symbol.
2. Investors expect that Luckin will try to go private
Chinese stocks have struggled for a while, and many investors believe that their poor performance has left them undervalued and underappreciated. For companies that are frustrated about what they see as unwarranted low share prices, the natural choice is to make an offer for a buyout. Even paying a sizable premium, going private can give insider buyers a bargain as well as all the advantages of not being publicly traded. The fact that U.S. lawmakers have started to scrutinize Chinese companies with stock listings in the U.S. is also an incentive to go private.
Earlier this month, Chinese internet company SINA (NASDAQ:SINA) announced that it would look to go private. The buyout offer came from CEO Charles Chao through a controlled entity, with the $2.7 billion price representing a 12% premium to where the stock was previously trading.
Critics have noted that several Chinese companies have made similarly cheap buyout offers to go private. Then, they've turned around and quickly done IPOs within China or Hong Kong at much higher valuations. That's bad news for long-term investors in those stocks. However, for those looking for a quick profit, paying $1.50 per share for Luckin stock when it got delisted in the hopes of getting somewhat more in a going-private deal could turn out to be a profitable short-term trade.
3. Shareholders hope new management could help Luckin recover
Lastly, those watching Luckin have seen a huge shakeup across the company's entire management. The company fired CEO Jenny Qian and COO Jian Liu in May. Just this past weekend, Luckin founder and board chair Charles Lu left the board of directors along with three other members. At first glance, it might seem like Luckin has hit the reset button and can now make a go at restoring its business. That confusion has some shareholders optimistic about the coffee chain's promise, and they're willing to gamble that the stock could regain at least part of the 95% it lost.
Unfortunately, there's still a lot of controversy involved. Even though Lu left the Luckin board, he played a key role in naming the directors who replaced him and his colleagues. If Lu is in control, then it could hamper a recovery rather than facilitating it. Nevertheless, there's a lot of uncertainty and a lack of transparency with what's going on in Luckin's boardroom.
After all those things happened, many expected that the stock would simply disappear on what they saw as an inevitable path toward zero. Yet after more than a week of trading on the over-the-counter market, Luckin has defied those bearish calls. Instead, the stock has more than doubled. Here are some of the reasons why.
1. Trading hasn't dried up
For many stocks, getting delisted from a major exchange means accepting an alternative for trading that has far less liquidity. That makes it difficult for institutional traders to get good executions when they want to buy and sell stocks, and it typically forces individual investors to deal with wide bid-ask spreads that are costly for frequent traders.
That hasn't happened with Luckin. Even over the counter, trading volume has remained above 10 million shares per day. For those looking to trade shares, bid-ask spreads remain at a reasonable $0.01. For those looking to speculate on the company's future, the only thing that's changed is the ticker symbol.
2. Investors expect that Luckin will try to go private
Chinese stocks have struggled for a while, and many investors believe that their poor performance has left them undervalued and underappreciated. For companies that are frustrated about what they see as unwarranted low share prices, the natural choice is to make an offer for a buyout. Even paying a sizable premium, going private can give insider buyers a bargain as well as all the advantages of not being publicly traded. The fact that U.S. lawmakers have started to scrutinize Chinese companies with stock listings in the U.S. is also an incentive to go private.
Earlier this month, Chinese internet company SINA (NASDAQ:SINA) announced that it would look to go private. The buyout offer came from CEO Charles Chao through a controlled entity, with the $2.7 billion price representing a 12% premium to where the stock was previously trading.
Critics have noted that several Chinese companies have made similarly cheap buyout offers to go private. Then, they've turned around and quickly done IPOs within China or Hong Kong at much higher valuations. That's bad news for long-term investors in those stocks. However, for those looking for a quick profit, paying $1.50 per share for Luckin stock when it got delisted in the hopes of getting somewhat more in a going-private deal could turn out to be a profitable short-term trade.
3. Shareholders hope new management could help Luckin recover
Lastly, those watching Luckin have seen a huge shakeup across the company's entire management. The company fired CEO Jenny Qian and COO Jian Liu in May. Just this past weekend, Luckin founder and board chair Charles Lu left the board of directors along with three other members. At first glance, it might seem like Luckin has hit the reset button and can now make a go at restoring its business. That confusion has some shareholders optimistic about the coffee chain's promise, and they're willing to gamble that the stock could regain at least part of the 95% it lost.
Unfortunately, there's still a lot of controversy involved. Even though Lu left the Luckin board, he played a key role in naming the directors who replaced him and his colleagues. If Lu is in control, then it could hamper a recovery rather than facilitating it. Nevertheless, there's a lot of uncertainty and a lack of transparency with what's going on in Luckin's boardroom.