Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Limited is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). It provides the front-end and back-end of Integrated circuit (IC) design. The products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware. The Company had built a technology platform named Xihe Platform. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > Only jobs created in May were in NYC

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Comment by Marine2on Jun 03, 2016 9:15am

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Post# 24930668

RE:Only jobs created in May were in NYC

Gold Surges Following Downbeat U.S. Jobs Report

Friday June 03, 2016 08:43

(Kitco News) - Gold is trading solidly higher in early U.S. trading Friday, following a big miss to the downside on the non-farm jobs component of the just-released U.S. employment report. August Comex gold was last up $23.10 an ounce at $1,236.00. July Comex silver was last up $0.33 at $16.345 an ounce.

The U.S. non-farm payrolls number for May came in at up just 38,000. That’s a big miss to the downside. Forecasts were calling for a non-farm jobs number of up around 160,000. The very weak May jobs report calls into question whether the Federal Reserve will move to raise interest rates in June or July.

The “outside markets” find the U.S. dollar index selling off sharply in the aftermath of the jobs report, which is an underlying positive for the precious metals markets. Crude oil prices are slightly lower early today, but still in a near-term uptrend and are hovering just under $49.00 a barrel.

World stock markets did not stray far from unchanged overnight, ahead of this morning’s

U.S. jobs report.

Other U.S. economic data due for release Friday includes the international trade report, the U.S. services PMI, the global services PMI, manufacturers’ shipments and inventories, and the Chicago ISM non-manufacturing business report.

(Note: Follow me on Twitter--@jimwyckoff--for breaking market news.)

Wyckoff’s Daily Risk Rating: 2.5 (Trader and investor market risk aversion is not elevated today.)

(Wyckoff’s Daily Risk Rating is your way to quickly gauge investor risk appetite in the world market place each day. Each day I assess the “risk-on” or “risk-off” trader mentality in the market place with a numerical reading of 1 to 5, with 1 being least risk-averse (most risk-on) and 5 being the most risk-averse (risk-off).

Technically, June gold futures bulls have regained the slight overall near-term technical advantage. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,250.00. Bears' next near-term downside price breakout objective is closing prices below solid technical support at $1,200.00. First resistance is seen at today’s high of $1,238.60 and then at $1,250.00. First support is seen at $1,225.00 and then at 1,220.00. Wyckoff’s Market Rating: 5.5

July silver bulls and bears are on a level overall near-term technical playing field. Silver bulls’ next upside price breakout objective is closing futures prices above solid technical resistance at $17.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $15.50. First resistance is at $16.585 and then at $16.75. Next support is seen at $16.00 and then at this week’s low of $15.83. Wyckoff's Market Rating: 5.0.

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