(Kitco, Wed. Nov. 20th, 2019) – Yesterday we wrote that gold and silver patterns are possibly changing. Both held support again on Tuesday and are now looking to test resistance. This does not mean it’s time to rush in and buy; this pattern suggests observation and patience because the trend is still down.
The current pattern is, in consolidation with the last two days, showing solid support and the possibility that the bottoms are in. The price action has turned neutral to bullish; however, there is still work to be done before we can determine the bottoms are in.
Although the metals have the appearance of change, we will remain short until we can confirm the bottoms are in. There are one of two things that will happen, the bottoms are in and a rally ensues, or this is false hope and the metals could continue the breakdown. Right now, it’s a good time to be in Gold we think.
Apple expands in Austin
Company Breaks Ground on New Campus, Begins Production of All-New Mac Pro
PostAustin, Texas — Apple today announced the start of construction on its new campus in Austin, Texas, as part of its broad expansion in the city. At a production facility just a short distance away, Apple is preparing to ship the all-new Mac Pro to customers starting in December.“Building the Mac Pro, Apple’s most powerful device ever, in Austin is both a point of pride and a testament to the enduring power of American ingenuity,” said Tim Cook, Apple’s CEO. “With the construction of our new campus in Austin now underway, Apple is deepening our close bond with the city and the talented and diverse workforce that calls it home. Responsible for 2.4 million American jobs and counting, Apple is eager to write our next chapter here and to keep contributing to America’s innovation story.”The all-new Mac Pro was unveiled at Apple’s annual Worldwide Developer Conference in June. Mac Pro units are now in production in Austin and will soon ship to customers across the Americas. The 244,000-square-foot Mac Pro facility employs more than 500 people in a range of roles, including electrical engineers and electronics assemblers, who build each unique unit to customers’ specifications.Apple’s growth in Austin is part of the company’s nationwide expansion — announced in January 2018 — to increase its investment in manufacturing, engineering and other jobs across the US. Apple is on track to contribute $350 billion to the US economy between 2018 and 2023, and during that time will hire an additional 20,000 employees in cities across the country.
Apple in Austin
Apple has broken ground on its new $1 billion, 3-million-square-foot campus. The campus will initially house 5,000 employees, with the capacity to grow to 15,000, and is expected to open in 2022.Apple is steadily growing in Austin with approximately 7,000 employees in the city — more than a 50 percent increase in the past five years alone.As part of its commitment to respecting the historical and geographical significance of the area, Apple is partnering with Austin-based Bartlett Tree Experts to preserve and increase the diversity of native trees on the 133-acre property. Thousands of trees spanning over 20 varieties native to Texas are planned for the campus — significantly more than were on the site before construction started. Additionally, the site will be designed to maximize green space, with landscaping covering over 60 percent of the campus, including a 50-acre nature and wildlife preserve that will be open to the public. Like all Apple facilities, the new Austin campus will run on 100 percent renewable energy, including from solar power generated on site.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com