Elon Musk became the richest person in the world

US will delist three Chinese telecom companies

NYSE (New York Stock Exchange) will delist 3 Chinese telecommunication companies: China Mobile, China Telecom and China Unicom Hong Kong. Delisting will be done between January 7 and January 11. The formal reason for Chinese telecommunication companies delisting is compliance with a US executive order that imposed restrictions on companies affiliated with Chinese military. But the real reason behind the delisting is ongoing trade war between two superpower.

China Mobile, China Telecom and China Unicom Hong Kong have separate listings in Hong Kong and don’t have meaningful presence in the US except for their listings.

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List of 10 precious metals

There are more precious metals than gold, silver, platinum and palladium. Scientists agree about 8 precious metals (check list below) but sometimes two more metals added into list of precious metals (in list №9 & №10).

1) Gold. Obviously this is the most desirable item that currently priced around $2000 per troy ounce. In many countries gold considered as an investment to preserve wealth. In India gold is must have for every women (and men too).

2) Silver. Priced $27 per troy ounce. Demand for silver growing as more people can afford it.

3) Platinum. Priced $950 per troy ounce. Platinum is used in laboratory equipment, catalytic converters, dentistry equipment and jewelry.

4) Palladium. Priced $2100 per troy ounce. Palladium used in catalytic converters, watch making, production of highly pure hydrogen, jewelry.

5) Ruthenium. Priced $270 per troy ounce. Ruthenium is used to harden platinum and palladium alloys, used in electrical contacts, as a catalysis, in solar energy.

6) Rhodium. Priced $10,500 per troy ounce. Rhodium is used in catalytic converters for cars chemical industry, used to coat optic fibers and optical mirrors. This is the rarest of all non-radioactive metals.

7) Iridium. Priced $1650 per troy ounce. Iridium is used in alloy form because it’s high melting point. In 1889 an alloy of 90% platinum and 10% iridium was used to construct the International Prototype Metre and kilogram mass. Iridium also used in fountain pen nib tips.

8) Osmium. Priced $400 per troy ounce. Osmium is rarely used in it’s pure state because of extreme toxicity of it’s oxide. As alloy with other metals it used fingerprint detection and in electron microscopy.

9) Rhenium. Sometimes this rare matal included in list of precious metals. Priced $225 per troy ounce. Rhenium added to high temperatures superalloys for jet engine parts, for catalysts, radiotherapy.

10) Indium. Sometimes indium also added into list of precious metals. Priced $30 per troy ounce. Indium used to stabilize non-ferrous metals, semiconductor related applications, in nuclear reactors.

In bullion market trader gold, silver, platinum and palladium metals, other metals are not traded. This is the main reason why people don’t know about existence of metals like Rhodium, Iridium, Osmium.

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Bears waiting for stock market to fall…

I commonly received messages like “when market will fall?” or “why stock market is growing while economy in recession?”… All this questions because of lack of understanding that stock market represent future expectations and not current reality.

So, that’s why markets always start falling before the black swan event (except 9/11) and start growth when economic indexes are in long time low.

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Could you imagine 1400% share growth just in 3 months?

Could you imagine 1400% share growth just in 3 months? No? But that’s reality for Supermax Corp. Bhd (leading international gloves conglomerate). Company listed on the Main Board of Bursa Malaysia Securities Berhad.

Because of covid-19 pandemic demand for gloves skyrocketed and share price on Supermax Corp. Bhd grown 1400%. Company currently exports to over 160 countries worldwide. Market share approximately 12% of the worlds demand for latex gloves. Approximate market capitalisation is $6B (29.19B Malaysian ringgit).

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No correlation between US economic data and stock market rally

US stock market appear to be taking it’s first real break after 35% rally from a few years lows. Currently stock market and economic data are not in correlation: economy in recession but stock market grow fast. The future of US economy depends of how fast and effective economy will be restarted. Also it will depend from international response to eliminate covid-19.