...for this assignment was Sand Creek Massacre, but after doing a bit of looking and researching, it is a bit more than a hop and skip from me, so that will be one of my summer road trips. Instead, I am choosing Leadville, Co. I found this town an interesting and rich part of Colorado history. After all, this is where Horace Tabor ended up starting his rise of wealth with the Little Pittsburg and the Matchless Mine. I enjoyed reading about him and his adventures so I decided this was where I would go to see the town and history myself. From doing some research I have learned that Leadville is one of the most historic towns in Colorado with a colorful history. Leadville has a rich history that started when gold was discovered in the California Gulch, during the Pikes Peak Gold Rush. Leadville boomed so fast that it fell behind in basic services. For this reason, many residents were lost to Cholera, a waterborne disease. Colorado can thank Leadville for some of the national notoriety that brought others out West in the hopes of striking it rich. Not only the mining history but just the famous and fascinating people who have put their mark on Leadville, such as Doc Holliday and Wyatt Earp. In 1880, Leadville ranked as the second largest city, only behind Denver. Leadville has had its many ups and downs of booms and busts. As quick as the boom came in, it went out when the little Pittsburg ran out of rich ore in 1880. Let me say the drive to Leadville was beautiful, with vibrant...
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...Stocks Selecting Our team have a discussion about the stock selecting and get the conclusion to get five stocks stands for different industries and the stock should have a certain amount of trading volume this year, so that their stock prices’ waving can reflect the common situation of their own industry and our gap trading can have opportunities to show its power. Finally these stocks are selected as our trading gap trading objects: 0005.hk(HSBC HOLDINGS);00031.hk(CHINA AEROSPACE);0700.HK(TENCENT);00027.HK(GALAXY ENT) and 0040.HK(GOLD PEAK); Here are some introduction about them and some simple analyses will be give along with their stock price this year (from June). 0005.hk(HSBC HOLDINGS): Introduction HSBC Holdings plc is a British multinational banking and FINANCIAL services company headquartered in London, United Kingdom. It is the world's fourth largest bank. It was founded in London in 1991 by the Hongkong and Shanghai Banking Corporation to act as a new group holding company. The origins of the bank lie in Hong Kong and Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. As such, the company refers to both the United Kingdom and Hong Kong as its "home MARKETS". HSBC has around 6,600 offices in 80 countries and territories across Africa, Asia, Europe, North America and South America, and around 60 million customers. As of 31 December 2013, it had total assets of $2.671...
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...Gold as an investment option | | Mayank Chandola MBA in International BusinessSymbiosis Institute of International Business | | Table of Contents History of the yellow metal 2 Why it is attractive? 3 Portfolio diversifier 4 Inflation hedge 4 Investment risks in Gold 5 Risk with physical gold 5 Political Risks 5 Market Risks 5 Exchange rate risks 5 Demand/Supply side risks 5 Outlook 6 References 7 History of the yellow metal Gold has always been used as a medium of exchange for goods since ancient times and has not suffered devaluation in the same ways as paper currency. Gold has a record long history as a commodity and as a store of value. It has been formally a monetary media in and around the world. Gold has faced complete official demonetization long back, yet it experiences continued and renewed interest as a private or unofficial monetary medium. Even governments around the world are making greater use of gold in international financial affairs. Over time, gold has undergone three major transitions: 1. Gold was a medium of exchange in the early civilization 2. Next, an international banking system was developed around it, in which paper money was fully convertible into gold 3. This convertibility was ceased in 1971 by the then president Richard Nixon and a purely fiat money system took its place. Early civilizations equated gold with gods and rulers. Humans almost intuitively place a high value on gold, equating it with...
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...Source: Asian Case Research Centre The University of Hong Kong Poon Kam Kai Series (Abridged from case no. HKU854) Gold Peak Electronics: R&D Globalisation from East to West Gold Peak Electronics (GPE) was a multinational company (MNC) that was among an elite group of Hong Kong electronics manufacturers. GPE started off primarily as an original equipment manufacturer (OEM). Over time, the company became more involved with original design manufacturing (ODM) through contracts with leading global brands in professional audio. Since its founding in the 1960s, it had grown to become one of the few locally grown, technologically advanced MNCs that designed, manufactured and sold premium professional and home electronics products. Despite the global recession in 2008, its parent company, Gold Peak Industries, had achieved USD189.7 million in revenue worldwide, with over 70% of profits attributed to its electronics division. GPE’s growth included acquisition of two high-end loudspeaker companies in the UK in 1992: KEF Audio and Celestion International. Both were highly reputable electronics brands with wellestablished research and development (R&D) capabilities. Brian Li, managing director of Hong Kongbased Gold Peak Electronics Industrial Group, hoped to develop GPE’s own brand of innovative and high-end loudspeaker. In doing so, he aimed at leveraging the established KEF and Celestion brands, as well as their technology, continual technology development, distribution...
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...business during British colonial times. However, although the British did indeed support coal, gold, silver, iron ore and steel mining, they did not look favorably upon mining other metals such as lead. They believed that India's development of metallurgy would lead to production of weapons for the "natives," a potential threat to British rule. The British implemented the Arms Act in 1878 to outlaw Indian ownership of firearms and limited Indians from mining and working metals that might "sustain it in future wars and rebellions." (14) Several mines were actually closed down under British rule. IV.4 Coal Mining Large-scale commercial coal mining in India began in 1774 under the East India Company in the Raniganj Coalfield along the Western bank of the Damodar River. The introduction of steam locomotives in 1853 made possible the effective transportation of coal from the mines to urban centers and ports (15). India's output of coal rose from 2,203 thousand metric tons in 1890 to 30,695 in 1947 (16). Coal mining proliferated during and after World War I; from 1920 to 1930, national coal output increased from 18,250 to 24,185 thousand metric tons (16a). However, coal mining declined during the early 1930s, when the output dropped by more than 4,000 thousand metric tons in just three years. The facts collaborate with other sources that claim Indian industries declined along with Britain's economic stagnation during the 1930s (17). IV.5 Iron Ore Mining ...
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...Article Name: Japanese Rush to Sell Gold as Price in Yen Jumps Article Address: http://online.wsj.com/article/SB10001424127887323820304578412283865306950.html?mod=WSJ_business_AsiaNewsBucket#articleTabs%3Darticle Review: The news shows when Japanese currency Yen is softening, the gold price is rising in Japan, which causes Japanese families rush to sell gold to gain more money. The phenomenon may indicate that the gold demand in Japan is slightly elastic in this period. As an abandoned currency, gold is not necessary for trading in modern life. People usually use gold for jewelries and investment. Hence, the normal demand of gold is even, and the purchase happens only when consumers have excess money for it. When Yen is declining, the price of gold in Japan increases. Higher gold price force the Japanese families reduce their needs for gold, and sell it to get more benefits. From this procedure, it is clear that when gold price is raised, demand of gold will be reduced, which proves the gold demand in Japan has small elasticity now. However, if the devaluation of Yen continues, the price of gold will keep soaring, which means the demand of gold in Japan may change into inelastic. In other words, Japanese families may start to buy gold in future, and the demand of gold will not be affected by the gold price. In conclusion, the gold demand in Japan is slightly elastic or sometimes inelastic. The reason for this situation might be gold is a luxury product. The public needs...
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...Chapter 12 Macroeconomic and Industry Analysis 1. A top-down approach to security valuation begins with an analysis of the global and domestic economy. Analysts who follow a top-down approach then narrow their attention to an industry or sector likely to perform well, given the expected performance of the broader economy. Finally, the analysis focuses on specific companies within an industry or sector that has been identified as likely to perform well. A bottom-up approach typically emphasizes fundamental analysis of individual company stocks, and is largely based on the belief that undervalued stocks will perform well regardless of the prospects for the industry or the broader economy. The major advantage of the top-down approach is that it provides a structured approach to incorporating the impact of economic and financial variables, at every level, in to analysis of a company’s stock. One would expect, for example, that prospects for a particular industry are highly dependent on broader economic variables. Similarly, the performance of an individual company’s stock is likely to be greatly affected by the prospects for the industry in which the company operates. 2. The yield curve, by definition, incorporates future interest rates. As such, it reflects future expectations and is a leading indicator. 3. Stalwarts. They tend to be in noncyclical industries that are relatively unaffected by recessions. 4. A supply shock 5. Financial leverage...
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...strategy for film products. During the past week (between January 17 and January 24), Kodak stock had lost 8% in value on rumors of a price cut on film. While Kodak continued its overwhelming domination of the photo film market, its market share in the United States had eased from about 76% to 70% over the past five years “as competitors like Fuji Photo Film Co. and Konica Corp. wooed consumers with lower-priced versions.”1 Previously, Kodak had attempted to blunt share-gaining attempts by such rivals and private label products by introducing a superpremium brand, Ektar. Now Kodak proposed to introduce a brand at Fuji and Konica’s price level, 20% below the price of Kodak’s flagship Gold Plus brand. The new brand, Funtime, was to be available only in limited quantities during two off-peak selling seasons. While some viewed the move favorably, others were more skeptical. One analyst termed the strategy “seemingly a long step down the slippery slope that ends in private label trial.” The U.S. Photo Film Market In 1993, approximately 16 billion color exposures were made—the equivalent of 670 million 24-exposure rolls. Typically, a consumer paid between $2.50 and $3.50 for a 24 exposure roll. Over the past five years, the market’s annual unit growth rate averaged only 2%. Major suppliers were Kodak, Fuji of Japan, Agfa of Germany, and 3M. Kodak and Fuji sold only branded products. Because of a 1921 consent decree still in force, Kodak could not sell film on a private...
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...the bank. It has been established that Gold and Silver retailers, who are among ARB corporate clientele, usually buy USD from ARB and use the funds to acquire their precious metals from ANCB. Hence, herein lies the market basis of the proposed offering for the precious metals. Currently, ANCB is the only organization in the financial trade market that deals in the trade of precious metals and ARB envisions it to be its only competitor. ARB will limit itself to the corporate clients, who buy on a continuous and regular. Seasonal request to buy either gold or silver by private and affluent clients will not be accommodated. 2 – EXECUTIVE SUMMARY 3 – INTRODUCTION Precious metals have been traded for eons. Fairly common are gold and silver which apart from their ornamental value, they have a variety of industrial and commercial uses. Among these precious metals, gold has been chosen as a special interest metal. Gold is a precious metal that a whole industry has developed and evolves into a multibillion-dollar industry led by huge corporations. The gold industry is stratified with many major and minor players working together. Key among these relevant stakeholders includes the mining companies, the gold processing companies, gold traders, and consumers. Gold mining is one of the most intensive, which is carried out extensively around the world. The World Gold Council (WGC), a market development organization, puts the production of gold globally to be in the region of 3,000 Metric...
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...focus primarily on the gold, silver, copper, lead & zinc. Goldcorp’s shares are jointly listed on the Toronto Stock Exchange (TSX) and New- York Stock Exchange (NYSE). Operations: As at December 2013, Goldcorp’s principal producing mining properties are located in Red Lake, Porcupine and Musselwhite gold mines in Canada; the Peñasquito gold/silver/lead/zinc mine and the Los Filos and El Sauzal gold mines in Mexico; the Marlin gold/silver mine in Guatemala; the Alumbrera gold/copper mine (37.5% interest) in Argentina; the Wharf gold mine in the US; and the Pueblo Viejo gold/silver/copper mine in the Dominican Republic (40% interest). The Company's 66.7% interest in the Marigold mine in the US was reclassified as a discontinued operation at December 31, 2013. INDUSTRY OUTLOOK Goldcorp operates in the Metals and Mining industry which involves the extraction and sale of minerals such as gold, silver, iron, copper, zinc and other precious metals. The industry is largely dominated by large multinational miners due to huge entry barrier created by the capital intensiveness of the business. The companies that operate in this industry are highly leveraged operationally and enjoy a significant advantage due to economies of scale. Furthermore, the prices of metals play a significant role in the bottom line profit for large mining companies. Overall, the price of commodities has continued to fall significantly and gold particularly has not recovered from its peak price in 2012. There...
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...Introduction to Mineral Minerals are composed of inorganic particles. Minerals are found in the earth or are naturally occurring substances. They are found in rocks, and water. • Minerals are chemical substances. Some minerals like gold or silver are made of only one element. Other minerals, like quartz and calcite, are combinations of two or more elements. • Minerals always have the same chemical makeup. For example, quartz will always consist of one part silicon (an element) two parts oxygen (another element). Examples of Minerals Halite, pyrite, hematite, calcite, gold, silver, quartz, feldspar, mica, gypsum, ruby, diamond, topaz, graphite, corundum, fluorite, apatite, malachite, copper, garnet, talc, , sulfur, and roughly 4,000 other recognized minerals. The elements oxygen, silicon, aluminum, iron, magnesium, calcium, potassium, and sodium make up 99 percent of all minerals on Earth. Questions for the students. Where are the minerals found? Power Resources Power or energy comes from different sources: solar, wind, hydroelectricity, nuclear energy, fossil fuel and so on. A society or civilization cannot survive for a moment without power or energy. So, sufficient energy is the basic foundation for the development of a nation. Daily needs, industries, transportation and communication and so on are governed by energy sufficiency. What is energy? The stored ability to perform work or produce heat comes in many forms-electric, mechanical, or nuclear, among others. This is called...
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...CLASS OR MASS CASE ANALYSIS A. Executive Summary: Neptune Gourmet Seafood is having issues with what appears to be a temporary problem of excess inventory. Due to new coastal laws, investments in new freezer trawlers and fishing technology, Neptune has increased their average catch size. The demand in high-end market hasn’t been able to catch up with the increasing supply, and Neptune has been struggling with making a decision on how to deplete excess inventory (60 days) of their “Gold Label” branding. My recommendation is to launch a new mass-market product under a different product name to deplete the excess inventory for the short-run, and to capture more of the North American seafood market share in the long-run. Finally, in the future Neptune’s management should better analyze the growth in market demand when making such heavy investments in production. B. Situation Analysis Summary: Currently Neptune Gourmet Seafood is North America’s third largest seafood producer with 4.1% in market share (See Appendix F1) . Known for their high quality, Neptune has a reputation to uphold and caters to offering the best product possible to keep their customers satisfied. Neptune currently markets its product to a variety of customers bringing in revenue from different channels: * 30% of revenue from grocery chains * 33% of revenue from wholesalers * 33% of revenue from suppliers & cruise lines within 250 miles of Fort Lauderdale’s headquarter * 4% of revenue from...
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...Week Three Individual Paper: Organizational Impact Paper Introduction Innovation is what gives businesses the competitive advantage the company will need to be profitable in the market. Innovation impacts the strategy, process, products and services that a company has to offer. Three organizations that have greatly used innovation are Discover Financial Services, Apple Inc, and McDonalds. The impact that innovation has on an organization is significant. Defining what innovation, creativity, and design are to and organization and the impact it can have on an organization. When an organization looks at innovation the company should be looking for a new way to do something. To expect change in innovation cannot be avoided in this changing and competitive world of business, changes will always be necessary to stay competitive. The three organizations I have chosen are Southwest Airlines, IBM Corporation and Motorola Company let see how innovation impacts these organizations. Organizational Impact Paper Innovation is what gives an organization the competitive advantage the business will need to be successful in the market. Innovations are ideas that can impact the strategy, process, products and services that an organization has to offer to its customers. Three organizations that have an enormous impact on innovation are United Parcel Service (UPS), Hewlett-Packard and The Coca-Cola Company. Apple Inc. Apple Inc has been a computer company with ups and downs in its...
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...the more logical decision for developed countries. Also, if developed countries did not use any of their crops to create ethanol, then it would cost more money for the fuel used to ship the available crops to countries in need of aid. I think the fossil fuel crisis is not immediate when it comes to the thought of oil scarcity or oil depletion. I found an article printed in The Wall Street Journal yesterday (September 29th) that specifically targets Marion Hubbert’s “peak oil” theory with multiple researchers opposing arguments. Hubbert knew what he was talking about in 1956 when he wrote about U.S. oil production peaking in the early 1970s, however, he did not factor in technology advances of extracting oil. These advances include U.S. energy companies using hydraulic fracking and horizontal drilling to extract oil from rock formations, a process that has been adopted by other countries to access increased amounts of oil. Discoveries such as these and more innovative methods mentioned in the article, “Why Peak-Oil Predictions Haven't Come True; More Experts Now Believe Technology Will Continue to Unlock New Sources,” lead me to believe that there is still a lot of oil left to be extracted across the world. Rather than believing in setting a time limit on when to transition to new energy sources due to oil depletion, I am more influenced by the theoretical situation presented in this article by George King and...
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...REPORT ON RAW MATERIALS Course:GEOSTRATEGY Teacher: Mr.Saint Grégoire Student: Pépin Loïc Year/Class: 3 CE2 Pépin Loïc – ICC 3ème Bachelor CE2 INTRODUCTION By definition, GEOSTRATEGY represent all the process established in order to consolidate the economic security related to geographical constraints. Basically raw materials are becoming even more strategical and problematic for states. Raw materials are essential for the efficient functioning of world economy:they are the first component used to manufacture or to produce goods, so it remains even more important in our society because of globalization. Some surveys prove that needs in raw materials leads to interdependency between states. This report is here to highlight the importance of raw material and the geostrategic problems that it creates. Do we have enough quantity of raw material, in partiular carbons, to satisfy a growing worldwide consumption in energy? How do raw materials have an impact on geostrategy? To find answers to theses questions, I will first discuss about raw materials, specifically carbon energy, their importance and their “fate”, and then highlight the worldwide competition for natural resources. I. Our dependecy to Raw Material All our natural resources, except 2 of them, oil and natural gas, are doomed to exhaustion. Why? In june 2010, the European Commision releases a report on the “critical raw material” and their proven reserves worldwide. A critical raw material is a resource...
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