Gold And Silver – Going Nowhere.
Saturday 18 April 2015
There is always news going on everywhere, none of it positive for the United States or for Americans, and none of it positive for the rest of the Western world. There is nothing that we can relate to for the prospects of gold and silver. The charts are in stall status as the following illustrate, but even at that, the reasons for acquiring and holding physical PMs has not changed.
As an aside, but one that deserves full attention, the one currency against which the fiat Fed “dollar” has not rallied is the Chinese renminbi. According to the Bank of International Settlements [BIS], it is up 12% against the “dollar” in the past year and up 34% over the last decade. The fall of the Fed “dollar” continues on schedule.
This last hurrah rally for the fiat Federal Reserve “dollar” offers the best opportunity to buy at these low prices. It may seem like tired advice, but owning anything else, especially in toxic paper form, just does not make financial sense.
Nothing to add to the chart comments.
Michael Noonan is the driving force behind Edge Trader Plus. He has been in the futures business for 30 years, functioning primarily in an individual capacity. He was the research analyst for the largest investment banker in the South, at one time, and he managed money
in the cash bond market for a $5 billion pension fund using Peter Steidlmeyer’s Market Profile.
Proficient in Gann, Elliott Wave, Market Profile, etc, Mr Noonan no longer uses any of those technical procedures. Instead, his primary focus is on developing market activity, relying solely on the information generated by the market itself, such as the interaction between price and volume, and how they relate to important price levels in the market structure. He incorporates proven market principles, such as knowledge of the trend, supply and demand, along with disciplined rules for to find developing high probability trade opportunities.
He can be reached by e-mail at his website: firstname.lastname@example.org
Earlier today, news broke that regulators are leaning toward blocking Comcast’s $45 billion acquisition of Time Warner. If that happens, expect a lot of “crying on Wall Street,” writes Fox Business’s Wall Street reporter Charlie Gasparino. Gasparino says that “many many deals” and tens of millions of dollars in deal fees are contingent on the […]
(Reuters) – U.S. stocks fell on Friday, giving the S&P 500 its biggest daily percentage loss since March 25, as concerns over regulations in China, Greece’s debt negotiations and disappointing earnings weighed on sentiment.
Since 2005 it has been a rare event for the EURUSD to rally or tumble for more than 6 consecutive weeks. When the pair began its dramatic 34% plunge almost one year ago, it experienced its first 8 consecutive week tumble for the first time since the Euro officially began trading. Since that record breaking move though, the bouts of selling have proven less persistent. This has in turn created what is referred to as a ‘negative divergence’. As the EURUSD continued its decline, the bearish performance has unfolded in smaller and smaller waves. We can identify these movements using the DailyFX Consecutive Bars Indicator. This app allows traders to see consecutive periods of gains or declines.
A divergence in the consistency of the EURUSD’s declines does not necessarily indicate that a reversal is at hand (this is a weekly chart, so timing needs to account for the periodicity at the very least). Given the proper fundamentals and speculative appetite, the pair can continue its decline; but its progress may likely be more measured and present a risk of more readily reversing should conditions shift.
Looking at 1Q 2015 forecasts for the Euro and US Dollar produced by the DailyFX Analysts, the Fed’s hawkish shift in tone alongside ECB’s stimulus measures will create pressure to push EURUSD downward. The European Central Bank introduced its 60 billion Euro per month stimulus on March 9, 2015. Greece’s financial situation still remains a looming issue that is affecting the Euro as well. Recently Dutch Financial Minister Dijsselbloem said it’s too soon to reassess Greek debt relief, though he trusts Greece’s financial minister Varoufakis. ECB’s Mario Draghi also commented that Euro-area outlook is brighter than it has been in the past several years and that recovery will broaden as well as strengthen. In contrast, the Fed’s Minutes from March 17-18 FOMC meeting showed that officials are divided on a June rate hike – though the majority still favors a hike in the foreseeable future. Changes in monetary policy – they are quick to state – are data dependent.
As bearish appetite dries up; the chance of a rebalancing grows. After the 7 consecutive week decline through 10/16/1999, EURUSD entered into a similar period of negative divergence. This ultimately resulted into a correction of roughly 14 percent before the pair eventually continued its downtrend. Though past performance is not indicative of future results, the DailyFX Consecutive Bars App can be used to find extreme movements and we can incorporate these considerations into our analysis.
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Finance Ministers and central bankers from the venerated G-20 met in Turkey to discuss top global themes for 2015. As has been the case recently, the tone struck was one of balanced optimism. Notes of balanced economic outlook and progress since the previous meeting were clouded, however, by concerns that have garnered greater attention by the market and media over the past months. A fragile and generally dovish global economy put the Fed’s split over a rate hike in June in relief as officials noted concern with FX volatility. Turkey’s Deputy Prime Minister Babacan remarked that Fed communications will be very important. Beyond the central bank’s influence, G20 officials said they would keep a close monitor on financial market volatility and vowed to take action should the situation warrant.
According to the communique, members also said key challenges moving forward include geopolitical tensions and high levels of public debt. G20 officials suggested accommodative policies are needed in advanced economies – such as the European Central Bank and Bank of Japan’s QE programs – given current conditions. Greece’s economic situation was reportedly not an official topic of conversation for the event; however officials did remark on the debt-laden economy on the sidelines.
G20 Official Communique Highlights:
Officials Concern for Greece:
Preparing for the Fed’s Tightening:
NEW YORK (Reuters) – Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent’s 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.
The equity research analysts at Citi think it’s too soon to think about self-driving cars taking over America — and it’s not because the technology isn’t going to exist soon. Rather, they think that most people aren’t going to buy into the driverless car ecosystem — that magical world where no one owns a car […]
This week, the Euro reclaimed some ground against the US Dollar. From its low on Monday to the high today, it rallied over 300 pips. Unfortunately, it did not break any significant levels, but by looking at real volume and sentiment levels this past week, EURUSD is showing signs that it could rally even further.
This article will look at the EURUSD with respect to volume and sentiment to give us an idea of where this pair might end up in the future.
Retail Sentiment is acquired using DailyFX Plus’ Speculative Sentiment Index. It is free for real FXCM account holders, but is also free for anyone using a two week trial: DailyFX Plus Trial
Retail Volume is available on FXCM’s Trading Station Desktop platform. This free software can be downloaded here and a free demo login can be acquired here. Real Volume is a default indicator that can be added to your charts.
Bullish Week for EURUSD With Large Volume - Bullish
One of the basic principals in analyzing trading volume is wanting to take note of what direction price is moving when volume is at its largest and what direction price is moving when volume is at its smallest.
When volume is higher than average, the direction of price during that time is the direction a volume trader would favor. Any price moves on weak volume is typically faded by a volume trader. This is true in confirming trends, confirming breakouts and identifying reversals.
While the EURUSD has been mainly moving sideways the past month, we have seen a couple price rallies and pullbacks. The chart below highlights the last two price rallies and the real volume traded during that time. We can see that when price was increasing, volume was typically above average (and when price was moving sideways or moving lower, volume was typically below average).
Learn Forex: EUR/USD Price Moves Higher on Above Average Volume
(Created using Marketscope 2.0 charts)
Volume for the EURUSD paints a bullish picture since it was above average during the last two rallies, but it is not the only reason why traders might look to buy this pair.
EUR/USD SSI Remains Negative at -1.73 - Bullish
The Speculative Sentiment Index or SSI is a contrarian tool where we look to take trades that are opposite of its reading. So during times when SSI is positive, we would look for sell trades and when SSI is negative, we would look for buy trades.
The chart below shows both EURUSD’s price and EURUSD’s SSI reading for the past two years. We can see the inverse relationship between SSI and price. Most times when SSI is negative (red), price moves higher and when SSI is positive (green), price moves lower. It’s this relationship that gives sentiment traders their rationale for trading opposite of the majority of retail traders.
Learn Forex: EUR/USD SSI Negative as Price Rises Off Lows
(Screen capture from DailyFXPlus.com)
EURUSD SSI has been negative for almost all of 2015. Even though price has mainly fallen this year, I still have a long bias based on SSI. If we see a break of a major high in the next couple weeks, it could move the EURUSD soaring.
Both Real Volume and Retail Sentiment are tools that can be used as direction filters. Since both of these tools are giving us a long bias on the EURUSD, that is the direction in which I am looking to make trades. But remember, there are no guarantees in trading. Perform your own due diligence and trade using sound money management. Also, feel free to utilize a demo account to practice trading risk-free before trading with real money if you are just starting out.
—Written by Rob Pasche
To contact Rob, email email@example.com.
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The Dollar suffered its second worst week in a year and the S&P 500 tumbled after coming up short for a record high. Does something bigger await us ahead?
The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped 1.1 percent this past week while the ICE Dollar Index tumbled 1.8 percent.
Impressive UK employment data helped push the British Pound sharply higher versus the US Dollar and other major counterparts, and the recent reversal in fortunes leaves us in favor of continued GBP gains through the foreseeable future.
The Australian Dollar is looking to first-quarter CPI data to support fading rate cut bets but soft Chinese news-flow may cap the currency’s upside potential.
Gold prices are softer for a second consecutive week with the precious metal off nearly 0.27% to trade at $1204 ahead of the New York close on Friday.
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Fundamental Forecast for Dollar:Bearish
The Dow Jones FXCM Dollar Index (ticker = USDollar) dropped 1.1 percent this past week while the ICE Dollar Index tumbled 1.8 percent. That represents the second worst week for the even-weighted measure (USDollar) in 12 months and the second worst performance for the EURUSD-heavy gauge in 22 months. Have speculators over-reached on this advantaged currency? The recent stumble after two months of consolidation alongside speculative positioning suggests that may be the case. However, as market participants weigh the impetus for correction against the tangible fundamental appeal the currency holds over the longer-term; progress will lean heavily on meaningful catalysts to motivate a counter-trend move. And, this week’s docket will struggle for the high profile drivers while the period after is overstocked with redefining updates.
From a fundamental perspective, it is important to establish the longer-term position for the Greenback. Treasury Secretary Jack Lew at the G-20 noted the United States’ economic dominance when he remarked that it was not ‘sufficient’ that the US be the lone driver of global growth. That bodes well for investor returns (and thereby capital inflow) alongside the first-mover advantage the Fed seems to be taking with its relatively hawkish monetary policy standing. Furthermore, in the event of a global financial slump; the Dollar will likely revert back to its ‘haven’ status – after a certain intensity is reached. Medium to long-term, the currency looks well positioned to advance further. Yet, that doesn’t preclude it to interim corrections.
A ‘correction’ is what lurks for the Greenback. Nine-months of steady climb in the most rapid move since the early 1980’s mixes both fundamental reasoning and speculative exuberance. It is the faction that participated to take advantage of momemtum rather than hold positions to realize long-term developments that pose the currency short-term risk. It is difficult to establish exactly how much excess could be worked off, but positioning measures can act as a proxy. The CFTC’s Commitment of Traders (COT) report this past week showed a continued reversal from the record net-long exposure set in January. Now at its lowest level since the end of December, there is still plenty of room for moderation as we’ve only seen a 13 percent retreat from the bullish shift that began in 2012.
The most capable driver for the Dollar in its long and short-term course is monetary policy. This past Friday, a range of inflation measures bolstered the persistent doubt of near-term FOMC rate hikes. The headline CPI reading for March slipped back into negative territory (-0.1 percent), a real average weekly earnings figure retreated from its series high to a 2.2 percent clip and price forecasts from the University of Michigan confidence survey posted sharp declines. Caveats of robust core measures and the general trend of the wage numbers factor in, but viability of a near-term hike is certainly diminished. According to Fed Fund futures, the first hike is once again not fully priced in until January 2016.
Moderated rate expectations reinforced by tepid data, but it’s capability as a fundamental driver is diminished considering the time frame yields imply and the persistent buoyancy of the Dollar – a rate hike may come later but it is still a hike among QE programs. Sentiment may simply tip out of favor for the Greenback and pull it lower, but the most effective means would by through key event risk to focus the selling effort. For the coming week’s docket, there is limited high-profile event risk to hit all traders’ radars. And, marking a meaningful distraction, there are very high profile events in the following week (FOMC decision and GDP amongst others).
As we keep an eye on the evoluation of rate speculation, it will also be important to monitor risk trends. While extreme risk aversion would eventually buoy the USD, the aspect of its meteroric rise based in growth and interest rate expectaitons can be tripped up in initial phases of a speculative retreat.
Morgan Stanley lead auto analyst Adam Jonas published a research note on Friday in which he raised his target price for Ford to $15 a share from $14. He also pointed out that Ford’s biggest risk since the financial crisis – revamping the bestselling vehicle in the US, the F-150 pickup, by using lightweight aluminum […]
Denials in Greece about its sorry state of affairs are now so ridiculous, even the most ardent supporters of Greece are likely laughing out loud (off the record of course). Please consider Greece Scrapes Bottom of Barrel in Hunt for Cash to Stay Afloat. Greece will need to tap all the remaining cash reserves across […]
In a report published on Friday, Bank of America Merrill Lynch predicted a positive earnings release for eBay Inc (NASDAQ:EBAY). The firm expects eBay’s earnings and revenues to surpass consensus estimates and remain on top of the management’s guidance for the first quarter of fiscal 2015 (1QFY15). The sell-side research firm reiterated a Buy rating […]
Since I began writing analysis for the liberty movement more than eight years ago, I have always said that we will know when the endgame of the globalists is upon us when the criminals come out into the light of day and admit to their crimes. At that moment, it will be because they no longer fear either the repercussions or their plans being obstructed.
As I plan to show in this installment of my series on the hidden fiscal collapse of America, the endgame has indeed arrived. At the very least, the international elites seem to think success is within their grasp, for they now openly expose their own criminality. But they do so in a way that attempts to divert blame or to rationalize their actions as being for the “greater good.”
In Part 4 of this series, I discussed the reality of the false East/West paradigm and the fact that the “conflict” between Eastern and Western interests is nothing more than Kabuki theater constructed by globalists and designed to mesmerize the masses. You see, the problem with most people is that they tend to let their innate sense of tribalism drive them to take sides in war without understanding the fundamental root of that war. In most cases, they believe one side must be “good” and one side must be “bad.” Globalists understand this weakness of human collectivism, and they exploit it as often as possible. They create conflicts from out of the void, conflicts in which BOTH sides are controlled. Then, they let the masses fumble like idiots trying to set the noose around the other guy’s neck.
The East/West paradigm is just another in a long line of false confrontations engineered by the elites, but it is one that is most dangerous to the liberty movement itself. In our rage over the destruction of freedom and prosperity within our own country, some of us have come to assume that the source of all that is unholy bubbles at the heart of U.S. corporate and government activity and that the East is in the midst of some kind of rebellion. This is simply nonsense.
Recently, a reader sent me a link that reminded me of comments made by Rep. Louis T. McFadden, chairman of the House Banking Committee, on May 4, 1933. In the wake of his battle against the Federal Reserve, he said:
“… the treacherous signing away of American rights at the 7-power conference at London in July 1931 … put the Federal Reserve System under the control of the Bank of International Settlements.”
Even in 1933, there were some people who could see that the Federal Reserve was just an errand boy, an economic hit man for a more powerful entity. Sadly, McFadden died in 1936 from coronary thrombosis before he could make any headway in his crusade. The truth he stamped into the public record, though, lives on; and it is a truth that many people just don’t want to hear. It is easier to quantify the threat of the Federal Reserve. It is easier to believe that the Fed either controls the entire game or (for the more sheep-minded citizenry) that the Fed is a harmless “quasi-governmental body.” Many of us in the movement want to believe it is the gateway to the seventh circle of hell because if the Fed dies, then we win. And the Fed appears to be killable, most notably in light of certain actions on the part of the East. Unfortunately, the problem is far more complex.
As McFadden exposed, the Fed is merely a tentacle, one of many slithering at the behest of a larger vampire squid. The Bank for International Settlements appears to be the eye of the leviathan. I have been happy to see that the BIS is gaining more and more attention from the alternative media as a primary threat to the stability of the world. Zero Hedge published a very interesting article on the BIS banking cabal recently, excerpted from a book by Adam LeBor and titled “Meet The Secretive Group That Runs The World.”
Of course, this is not the first exposé on the BIS. Even Harper’s published a surprisingly honest (though only half the story) piece on the bank, titled “Ruling The World Of Money,” back in 1983. In it, the magazine claims that “…the unabashed purpose of its (BIS) elite monthly meetings is to coordinate and, if possible, to control all monetary activities in the industrialized world.”
Any central bank that ends up on the membership roster of the BIS should be for all intents and purposes considered a pawn of the BIS. This includes the central banks of Eastern nations supposedly in opposition to Western power. The very beginning history of the BIS is stained with blood, since it financially played both sides of World War II and aided the funding of the Nazi apparatus. Keep in mind that Germany, Japan and the Allies were all members of the BIS from 1931 on and remained members through the war. Bankers have been pitting countries against each other for a very long time, and they have no loyalties to any particular nation.
The BIS had to fade into the background for a time after its partnership with fascists was made public after the war. So the elites formed yet another monstrosity, the International Monetary Fund, to take its place in the public eye. However, the BIS continues to this day to pull the strings of the world’s central banks and, by extension, the world’s governments.
The strategy of engineered conflict has not changed. I have written numerous articles on the undeniable collusion between Russia and the IMF, including the avid Russian support for the IMF’s new global reserve currency, the Special Drawing Rights. You can read those articles here, here and here.
Vladimir Putin and the Kremlin have continued their love affair with the IMF since 2009, when they called for the SDR to become the world reserve currency.
Last year, Putin reasserted the goal of the BRICS to become more involved (enveloped) in the IMF system:
“In the BRICS case we see a whole set of coinciding strategic interests. First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this.”
I also have been covering the Chinese shift away from the dollar and into the arms of the IMF’s currency basket for years.
The great lie today is that China and Russia are anti-New World Order. Yet as I discussed in my last article, China (and Russia) have consistently called for a global conversion into the SDR basket system, and they want this system to be run by the IMF. The IMF, in turn, has consistently called for the end of the dollar as the world reserve currency and has openly embraced institutions like the new Asian regional bank, the AIIB, which is dominated by China, despite the fact that many people wrongly believe that the AIIB is somehow “competition” to the IMF or World Bank.
This excerpt comes from the International Business Times:
World Bank managing director Mulyani Indrawati told Xinhua in an interview.
“We will definitely open for cooperation with AIIB [sic]. Even now, we are working very closely in the beginning and looking at the setting, principle and framework of this institution.”
She also dismissed worries that the AIIB will compete against the World Bank or existing regional development banks and noted the global need for infrastructure is huge to accommodate multiple organisations.
Speaking at the opening of the China Development Forum in Beijing, IMF chief Christine Lagarde said the IMF would be “delighted” to co-operate with AIIB, and the institutions have “massive” room for cooperation.
More on the history of China and its partnership with the New World Order can be found in James Corbett’s excellent video analysis here.
At the level of international banking and monetary policy, there is absolutely NO indication of any legitimate conflict between the East and the West. Again, such battles are only theater for the masses. But what purpose does this theater serve?
The fake economic war between East and West provides cover and rationale for the true goal of the internationalists: the destruction of the dollar as the world reserve currency and the ascendency of the SDR global monetary system. The endgame of the bankers is, of course, global government. It has been the longtime dream of the Fabian socialists permeating the central banking universe. A global currency system and centralized economic management are first-step psychological weapons against the public. If the world operates on a singular currency mechanism and a singular economic authority, why not have a singular governmental system as well?
The mistake many liberty movement analysts make is the assumption that the internationalists are somehow dedicated to U.S. interests. The idea that globalists have any loyalties to any sovereign government is a ridiculous notion. Fabians hate sovereign separations between nations (as much as they hate individual liberties), and they seek to ultimately destroy all boundaries for the sake of a singular global fiscal-political edifice.
But the elites cannot simply kill the dollar and replace it outright. They need a magic trick, a smoke-and-mirrors hologram, a sexy assistant in a sequined bathing suit and fireworks galore while they pull their global basket reserve out of a top hat. The false East/West paradigm is the perfect distraction. What better way to destroy the dollar and conjure a new world reserve than to pit one block of nations you dominate against the other block of nations you dominate and blame the resulting economic catastrophe on the “barbarism of sovereign nationalism,” which you also plan to erase in due course?
The elites are preparing for this event, and they are not content only to trigger it then sit back and watch it happen. They also hope to construct a new image for themselves as the prophets who tried to warn the world — the financial “sages” who would be our rescuers.
The criminals are coming into the light, and they are wearing the masks of saviors.
Alan Greenspan is now suddenly a staunch promoter of economic caution, warning that “something big … a significant market event …” is about to happen, and that gold is now a good investment as opposed to the dollar.
Janet Yellen has openly conceded that cash is not a convenient store of value.
Jamie Dimon is getting in on the prognosticator action, asserting that another financial crisis is coming.
The IMF now consistently warns of “shadow banking risks” bringing disaster to the economic environment.
The World Bank has been polite enough to warn the public that “now is the time to prepare for the next crisis.”
The BIS now produces statements on a regular basis predicting a possible “violent reversal of global markets,” just as it conveniently alerted the public to the possibility of credit collapse in 2007 right before the derivatives crisis.
Literally every elitist and his drunken uncle now publicly discuss the danger of another market crash. That’s a rather stark reversal from a few years ago when recovery was a mainstream absolute, Bernanke was being called a hero, and fiat stimulus was the fountain of youth. How would they know that such an event is coming? They built the conditions by which a collapse is inevitable, and now they want to purify themselves in the waters of Lake Minnetonka and absolve their institutions of all future ugliness.
I would like to point out, though, that banker warnings of volatility and crisis are generally given far too late for average people to act accordingly. I would also like to point out that the rising chorus of mainstream voices giving predictions of destabilization are also marginalizing and isolating the U.S. and the Federal Reserve as the root cause. The U.S. is nothing more than a storefront for elitist activities. And the Federal Reserve is a tentacle that can be sacrificed if it means achieving total centralization. All signs and evidence point to what the IMF calls the “great global economic reset.” The plans for this reset do not include U.S. prosperity or a thriving dollar.
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(Reuters) – The S&P 500 posted its biggest percentage loss since March 25 on Friday as investors shunned risk amid new trading regulations in China, renewed worries about Greece running out of money, and tepid U.S. corporate earnings.
WASHINGTON (AP) — China’s proposed infrastructure bank for Asia is intended to complement, not replace, existing lenders dominated by the U.S. and Japan, a senior Chinese official said Friday. Vice Finance Minister Zhu Guangyao said after a meeting of the Group of 20 leading world economies that China has proposed the Asian Infrastructure Investment Bank, […]
LOS ANGELES — David Boies, a lawyer for Sony Pictures Entertainment, began warning news media outlets on Friday that WikiLeaks’s posting of emails and documents stolen from Sony does not, in the media giant’s view, make them fair game.
“WikiLeaks is incorrect that this Stolen Information belongs in the public domain, and it is, in many jurisdictions, unlawful to place it there or otherwise access or distribute it,” Mr. Boies wrote in a letter that was prepared for distribution to outlets that post or publish the material.
On Thursday, WikiLeaks renewed interest in last November’s cyberattack on Sony by posting an indexed, searchable archive of material taken in the hack. WikiLeaks said it was justified in posting the material because it chronicles the inner workings of an international corporation with extensive business and government connections.
Mr. Boies had warned news organizations about possessing or reproducing the stolen material; but he appears so far not to have filed lawsuits against those who ignored his warnings.
In his new letter, Mr. Boies cited federal copyright and computer fraud laws in warning against use of the material, now posted by WikiLeaks. “Many other countries have similar, if not more stringent, laws applicable to this situation,” the letter added.
Since the WikiLeaks post, Gawker, The Wrap and others have posted accounts of material freshly culled from the Sony files.
In a sell-side report published on Friday, Barclays Research reiterated a Neutral rating and price objective of $34 on AT&T Inc. (NYSE:T) stock, following meager improvement in the wireless churn ratio. During the ongoing quarter, the sell-side firm projects that AT&T’s management has retained its strategy for being selective on how to respond to its […]
In yet another ripped from the movies-screen-esque event, Beijing was brought to a standstill today as a massive Interstellar-like sandstorm covered the Chinese capital in thick blanket of red dust, sparking social media discussions of the end of the world. As RT reports, The China Meteorological Administration issued a yellow sandstorm alert – the third-most serious danger level, which given the images below, makes us wonder just WTF it takes to get to a level 1 sandstorm…
Stunning!! In a city of 21 million people…
As RT reports, Some areas in the city of 21 million recorded air pollution of nearly 1,000 micrograms per cubic meter, which is considered hazardous for people’s health.
Beijing residents had to wear face masks and goggles to protect themselves from the red sand and avoid injury and respiratory problems.
The bad visibility seriously disrupted traffic, causing large traffic jams all over the capital.
Chinese internet users were quick to label the weather phenomenon ‘Sand-ageddon,’ comparing it to the end of the world.
“It’s very dirty, I feel like it is the end of the world,” one of the users was cited by South China Morning Post.
While another person on social networks wrote that “it feels like we are living in a desert. I wonder how we can survive such bad weather.”
Despite being far from the red danger level, Wednesday’s sand storm was the strongest in the Chinese capital in 13 years.
Besides Beijing, 11 other provinces in the north of the country were impacted by the storm, which led to electricity blackouts and chaos on the roads.
Sandstorms are a common event in China in the spring, with the dust originating from the outer edge of deserts in Mongolia, northern China and the Hexi Corridor.
Beijing is considered among the most polluted cities in the planet, with environmental watchdog Chinese Hazardous saying on Thursday that air particles, which cause asthma and breathing problems, were more than double the national target in the capital.
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