ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Gold Imports by China Soar Almost Fivefold as Inflation Spurs Investment – Bloomberg China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year as concern about rising inflation increased its appeal as a store of value, said the Shanghai Gold Exchange. (tags: gold inflation China)
Short interest in Jinko Solar (JKS) increased at its fastest pace ever, almost doubling in the two weeks from October 29 to November 15, 2010 from 1.1M to 1.9M shares. When I last pointed out the soaring short interest in JKS, I was hoping this increase was a contrary indicator based on what I thought … Read more
GT Solar International Inc (SOLR) jumped 15% on news that it secured two large orders for its sapphire crystallization systems used in the manufacture of LED products. From the press release: GT Solar has “…has received its first two orders totaling more than $84 million for sapphire crystallization systems. The orders come from Jiangsu Jixing … Read more