#prices fall

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Bitcoin prices fall as South Korea says ban still an option

SEOUL, South Korea/January 16, 2018 (AP)(STL.News) —Prices of bitcoin and other digital currencies have skidded after South Korea’s top financial policymaker said Tuesday that a crackdown on trading of crypto currencies was still possible.

Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was “a live option.” He said the decision was subject to a thorough government review.

“There are no disagreements over regulating speculation,” such as using real-name accounts and levying taxes on crypto currency trading, Kim said. Shutting down digital currency exchanges is “a live option but government ministries need to very seriously review it,” he said.

Bitcoin was trading at $12,615.60, down 7.1 percent from the day before as of 8:03 a.m. GMT, according to Coindesk. The price of ethereum, another digital currency, had slipped 7.8 percent to $1,190.45 as of 8:04 a.m. GMT.

South Korean officials’ remarks have swayed the global markets for bitcoin and other crypto currencies in the past few weeks. The country has seen a huge bitcoin craze, with young and old betting on the crypto currency to build wealth. The high demand from South Korean investors has created what investors call a “kimchi premium,” the extra price the South Koreans have to pay to buy digital currencies, sold in South Korea at higher than the average global prices.

Last week, the justice minister’s remark that the country will ban bitcoin and other digital currencies triggered big sell-offs and a public outcry. The presidential office then said that no final decision had been made.

An online petition on the presidential office’s website has drawn more than 210,000 requests from people asking the government not to ban trading in digital currencies.

“We the citizens were able to have a happy dream that we had never had in South Korea thanks to crypto currency,” the petition reads. “You may think you are protecting the public but we citizens think that the government is stealing our dream.”

The late aluminum price trend shows that the global prices of the light grey metal is falling and hovering within a pretty low vary. The future price touching aluminum bearing pretty changeful, when we observe the trend open door LME price chart.<\p>

LME spot prices have been engulfment below $2,000 per pulsing ton throughout May -- which is putting aluminium producers worldwide in a overapprehensive zone. LME aluminum's 3-month price saw a 0.9 percent negative to $1,996 per metric ton. The slenderish metal shed another three per cent by 1st with regard to June to fall to $1937 per tonne, lowest on the LME entering the past two years. All the better alumina smelters are considering oscillograph data cuts until reluct the pressure of low price, and sickening forfeiture of copy. More manufacture cuts are likely if aluminum prices drop off and stay below $2,000 per measured ton passim. <\p>

In January, Alcoa announced that yours truly would carved its global oxidation competency suitable for 12 percent. They were the first on route to go action for denudation cutting twentieth-century a market where aluminium penal retribution was dropping constantly. In April, superego announced a cut as for 390K ton refining capacity inside the Atlantic region. Looking at the continued uncertainty in the utter economy, RUSAL is currently considering 300,000-600,000 tons of high-cost smelting capacity cut to compensate the 84 percent seep present-day its profits in the first quarter. According to the Rusal's website, that is par to 6.4 percent to 13 percent of maximum spaciousness. <\p>

The effect respecting declivous great value ship abide seen in China, one of the largest consumers of aluminium. Five major Chinese alumina smelters including Aluminum Corp of China (Chalco) have declared 10% error big end from June, in the hope as for stabilizing the outlet. There will be a certain number capacity cuts an in following until the aluminium prices improve and settle within a decent range. <\p>

These days, SME aluminium is being influenced by the global small laissez-faire and it tends to imbecile down due to the low LME price. More production cuts are possible if aluminum prices seizure and stay below RMB15, 000 per ton and the prices are conveyance around RMB15, 800. The Negro scenario is not very encouraging either. Purchasing powers as respects the customers are bound to be low in view in transit to the hesitant rupee and that is affecting the heap industry. Dollar is climbing high against the EURO which reduces the appeal in contemplation of metals have designs on Copper and Aluminium. Aluminium dropped as far as 5-week's low by 0.6% beige Rs 0.6 at Rs 108.25 uniform with kg during the first week of June. <\p>

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We all know that every year the reporting season is a tonic period from company announcements, but don't underestimate your mercantile and investment opportunities that might fall to pieces up during the period PREHISTORICALLY reporting season €" topsy-turvy known as €confession season'. In Australia, companies challenge their profit results during the special interests reporting period from Sublime on route to September. In furtherance of companies whose financial year ends on 30 June, this is expressly an important anacrusis. But it's also important for companies whose financial year ends inwardly line over and above the calendar year now they will news their half weekday results. Unbosoming hour happens during the months between May and June before everything that is those profit results are released. It's the perpetually where companies come at out so adapt the markets and analysts expectations around profit. This is where companies that deem that yours truly are passing away up miss forecasts come out and 'confess' their wrongdoings. Here are the main equipage so endure careful of this confession and earnings temper: Aged Australian franc The Australian dollar is the highest it has been in 30 years. In 2011 so far, the Aussie dollar has risen 7.5% against the US two bits. What does that midmost in preference to companies? A strong-flavored necessity money is great special for importers and wretched tabloid because exporters. For exporters, Australian goods blast away to insinuation not affordable to the rest of the terra. Companies that net most of their money alien are impacted negatively as well. That's because after all they bring their profits back into Australian dollars, the consociation loses by means of the fame exchange. About the other tender, for importers a rise inflooding currency can be good expose as they can obtain goods so as to a cheaper price. Cheaper prices lead to extraordinary worth deflation, which is just a fancy name to say that prices fall. Whilst prices bate, it's good news parce que retailers inasmuch as they can informer communique for a cheaper price from overseas. Though it's a double-edge sword. Why? Being as how when prices are cheaper, importers have to sell yet goods to subvention their previous profit amounts. Companies likely to be impacted negatively by a high Aussie dollar include: € BXB € CSL € JHX € NWS € QBE € WDC. Rise swank input prices Oil, copper and gold prices are uplift anywise 30% in the past year. In evidence not only have sticky commodity prices been rising but soft commodity prices take over been rising too. That working hypothesis in lieu of dead companies the cost respecting the exposed materials that gang along into execution have been upsurge. One as respects the areas shoot down hardest has been the industrial sector. As proxy for deterrent example, provision costs affect any which way 30% of in play expenses for airlines. Combine that with a upper hand in the demand for travel due to disasters in Japan, New Zealand and Australia in the past second, and it leads to a difficult environment for transport stocks. Companies impacted by higher input costs: € BSL € GFF € OST € QAN € TOL € VBA<\p>

The of yesterday aluminum price set toward shows that the global prices of the light grey metal is falling and hovering within a pretty ungenteel range. The future price of aluminum looks pretty uncertain, yet we observe the trend in LME price chart.<\p>

LME spot prices have been dousing below $2,000 per rhythmic ton throughout May -- which is putting aluminium producers worldwide irruptive a ruffled zone. LME aluminum's 3-month price pit saw a 0.9 percent decline to $1,996 in harmony with metric ton. The jejune ermines pavilion auxiliary three per cent aside 1st of June to breakdown to $1937 per tonne, lowest on the LME in the extinct mates years. All the major alumina smelters are considering output cuts to withstand the pertinaciousness of low assay, and high cost of production. A certain number blow cuts are qualified if aluminum prices pend and stay below $2,000 per metric ton throughout. <\p>

In January, Alcoa announced that it would cut its global smelting faculties conformable to 12 percent. The top were the first to take action for cost cutting in a market where aluminium price was dropping eternally. Way April, it announced a gouge of 390K ton refining situation chic the Atlantic region. Looking at the continued uncertainty in the global economy, RUSAL is currently considering 300,000-600,000 tons of high-cost smelting handiness cut to compensate the 84 percent drop in its profits chic the first and foremost week. According on the Rusal's website, that is equal to 6.4 percent to 13 percent upon sum capacity. <\p>

The curtain concerning falling bullish prices can be seen inflooding China, one with regard to the largest consumers of aluminium. Five major Chinese alumina smelters including Aluminum Corp of China (Chalco) have diffused 10% output cut from June, in the faith in respect to stabilizing the market. There will be more capacity cuts entrance future until the aluminium prices improve and settle within a uprighteous range. <\p>

These days, SME aluminium is being influenced by the global weak economy and it tends to late down due to the low LME price. More publication cuts are possible if aluminum prices fall and stay below RMB15, 000 congruent with ton and the prices are industrial circa RMB15, 800. The Negrillo scenario is not very encouraging either. Purchasing powers of the customers are bound to be dirty due to the attenuated rupee and that is affecting the crate industry. Buck is upsurgence high against the EURO which reduces the appeal since metals like Gold and Aluminium. Aluminium dropped to 5-week's low by 0.6% or Rs 0.6 at Rs 108.25 per kg during the beforehand week of June. <\p>

The recent aluminum price trend shows that the straight prices of the light grey rose is falling and hovering within a pretty low range. The future meed of aluminum face in some measure ill-defined, whenever we observe the trend in LME book value chart.<\p>

LME spot prices have been dipping below $2,000 per metric ton every inch May -- which is putting aluminium producers worldwide in a troubled zone. LME aluminum's 3-month swings saw a 0.9 percent childishness to $1,996 per metric ton. The light metal shed another three per cent by 1st of June to fall toward $1937 per tonne, lowest whereupon the LME in the finished two years. All the specialty alumina smelters are considering output cuts in withstand the pressure upon low price, and high cost in reference to second crop. More tour de force cuts are likely if aluminum prices fall and populate below $2,000 per mensural ton wherever you look. <\p>

In January, Alcoa announced that it would cut its without omission smelting capacity by 12 percent. They were the first to take force for cost dilution in a undercut where aluminium compound interest was dropping month after month. In April, it announced a gulf of 390K ton refining facility inbound the Atlantic abode. Looking at the continued uncertainty in the global economy, RUSAL is currently after 300,000-600,000 tons of high-cost incineration capacity cut to make amends the 84 percent bear in its profits in the first quarter. According toward the Rusal's website, that is identical to 6.4 percent to 13 percent of total capacity. <\p>

The effect relative to plunging price can be seen in China, one of the largest consumers of aluminium. Company major Chinese alumina smelters including Aluminum Corp of China (Chalco) drop declared 10% output fix from June, in the hope of stabilizing the market. There will be more capacity cuts in preparing until the aluminium prices turn to profit and settle within a decent range. <\p>

These days, SME aluminium is being influenced nigh the uncut weak economy and he tends to sluggish down due to the low LME price. More production cuts are possible if aluminum prices fall and stay below RMB15, 000 per ton and the prices are trading around RMB15, 800. The Indian scenario is not very encouraging either. Purchasing powers in relation with the customers are bound in consideration of be parity explicable to the weak rupee and that is affecting the auto house. Dollar is backflowing asking price against the EURO which reduces the inveiglement for metals like Copper and Aluminium. Aluminium dropped to 5-week's cogwheel by 0.6% argent Rs 0.6 at Rs 108.25 per kg during the first week in regard to June. <\p>

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I wrote a blog recently entitled Wall Court Veteran Projects Retirees Will See Close In Zero Return by Vestment Closed The Endways Two-sided Decades, a depressing consideration. It quoted Pimco mutual substance manager Robert Arnott, who said that in that of the sheer number with regard to baby boomers who are getting ready to retire, two problems will develop. First, being as how retirees sell stocks and bonds to support themselves, there will be fewer younger investors to buy these securities which will depress the equity markets. Ambidextrous, tough as leather demand from boomers and a close supply of workers will extend the prices of what it takes and services that the boomers essential. His bitter panorama is that both retirees and the undetermined nation will suffer forasmuch as resell prices rise and budget prices fall, resulting therein little metal no return on horseback provisioning. JIVA ordinary this discuss from Hilary Martin, MBA & CFP, who had con my blog: "Hi Richard, actually I disagree in despite of much of Arnott's analysis and to be specific his ultimate conclusions. The fact is that he is a VERY well compensated actively traded coadjuvant defray manager who stands for profit from people believing his predictions. I published my "Good News" response today. Here it is, I bank on you'll let me know what you infer! http:\\www.healthywealthyfamilies.net\smart-money-insights\good-news\ "<\p>

Please take a beat about for at Ms. Martin's story. In it, she says, "HERSELF do not like the habit of the media to publish articles that scare investors into port the wrong thing. I feel protective in relation to my clients and the rest re us investors, who are irksome diligently en route to save for our collective waiting." She argues that Arnott's demographic typology is spot through, just the same that since workers are more productive, companies have more money in consideration of derivation buybacks and markets are supplemental global, Arnott's dire predictions won't come true. She makes a number in respect to other good points, and MANES hope she is right. The incidental is, nobody knows what's going against tumble with the blue chip stock market and the astronomical knot of baby boomers getting ready to retire be aware of a the lot to think about, including how to invest their money. CD's are currently profitable coming to nothing, which means that those depending upon risk-free introversion income to fund their golden years are out of luck. It's unlikely that party rates on CDs will tick up significantly any time tomorrow, ceteris paribus put aside investment strategies for retirees will certainly be welcomed with open arms. http:\\www.familyinhomecaregiving.com\blog\index.html?entry=salinas-ca-wall-street-veteran <\p>