Home About Millennium Forum Guide to Services Trial Subscribe Member Login
Live chat by Boldchat

Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Chart Settings
Triple Access
Double Access
Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Market Commentary
Economic Calendar
Weekly MarketNews
Trader Tips
Market Alerts
Stocks Chat Room
Futures Chat Room
Forex Chat Room
Options Chat Room
Penny Stocks Chat Room Trading Rooms
Performance Tracking
Other Services
General Information
Stocks
Futures
Forex
Options
Penny's
FREE e-Book
Taking Day Trading
by Storm


Get into the basics on how to become a Professional Day Trader!

more info...







Tensions Mount on the Korean Peninsula
Interesting developments to come - See what made the cut...

Tensions Mount on the Korean Peninsula Tensions Mount on the Korean Peninsula

North Korea continues to keep its position as a geopolitical annoyance and a concern on the Korean peninsula. At the end of last week, South Korean media reported that North Korea placed two of its intermediate range missiles on mobile launchers and hid them on the east coast of the Northern country. The communist dictatorship of renowned madman Kim Jong-un in the North deployed mid-range missile launchers to its east coast and reportedly warned foreign embassies Friday it cannot guarantee the safety of diplomats after April 10. The United Kingdom foreign office confirmed in a statement on Friday that North Korea asked a number of foreign embassies in Pyongyang to consider moving staff out since they could not assure their safety in the event of conflict. Under the Vienna Convention that governs diplomatic missions, host governments are required to assist in the evacuation of embassy staff from the country in the event of conflict. "We are consulting international partners about these developments.  No decisions have been taken, and we have no immediate plans to withdraw our Embassy,”  the UK foreign office statement said. An unnamed spokesman for the North Korean army warned the U.S. last Wednesday that its military has been cleared to wage an attack using "smaller, lighter and diversified nuclear" weapons. North Korean border authorities refused to allow entry to South Koreans who manage jointly run factories in the North Korean city of Kaesong on Wednesday. U.S. National Security Council spokesperson Caitlin Hayden has called North Korea's threats "unhelpful and unconstructive." "It is yet another offering in a long line of provocative statements that only serve to further isolate North Korea from the rest of the international community and undermine its goal of economic development," she said. "North Korea should stop its provocative threats and instead concentrate on abiding by its international obligations." For weeks North Korea has expressed their displeasure against joint U.S. and South Korean military exercises taking place in South Korea and has expressed anger over tightened sanctions for a February nuclear test. Washington calls the military drills, which include fighter jets and nuclear-capable stealth bombers, routine annual exercises between the allies. Pyongyang calls them rehearsals for a northward invasion.

``The rhetoric is off the charts,'' said Victor Cha, former director for Asian affairs at the White House National Security. According to news reports, China's state news agency Xinhua quoted the North's Foreign Ministry as saying, ``The current question was not whether, but when a war would break out on the peninsula,'' because of the ``increasing threat from the United States''. Reflecting efforts by the Obama administration to ease its rhetoric and cool tensions, a U.S. State Department spokeswoman said last Thursday the situation did "not need to get hotter."

The United States announced on Wednesday that it was sending ballistic missile defenses to Guam, a Western Pacific territory that is home to U.S. naval and air bases. North Korea has cited those bases when listing possible targets for missile attacks. The Pentagon reportedly is working to reduce the temperature as it maintains a frank and vigilant stance toward the threats.

North Koreans held a meeting Friday for ambassadors, inquiring as to whether evacuation assistance was needed. "We are consulting international partners about these developments," the British Foreign Office said in a written statement. "No decisions have been taken, and we have no immediate plans to withdraw our embassy." North Koreans offered assistance to the Swedish ministry of foreign affairs but, "did not urge us or ask us to evacuate," per a Swedish spokesman. According to the U.S. State Department, the Swedish Embassy in North Korea acts "as the United States' interim protecting power and provides basic consular services to U.S. citizens traveling in North Korea,"

Denis Samsonov, spokesman for the embassy, told Russian state media that North Korea requested the Russian Embassy consider a possible evacuation of its staff because of the tensions.

While French foreign ministry are taking the situation "seriously", they have no current plans to evacuate French nationals or personnel.

South Korean Defense Minister Kim Kwan-jin dismissed reports in the Japanese and South Korean media that the missiles moved this week could be a KN-08, which is believed to be a long-range missile that if operable, could potentially hit the United States. Kwan-jin told lawmakers at a hearing that the missile's range is considerable but not far enough to hit the U.S. mainland. He described the range in reference to a mobile North Korean missile known as the Musudan, which has a range of 1,800 miles. The range would make Japan and South Korea potential targets, but little is known about the missile's accuracy. According to naval sources, South Korea has sent Aegis destroyers equipped with advanced radar systems to both of its coasts, in response to the threat.

White House spokesman Jay Carney on Friday said the United States would "not be surprised" if North Korea launched a missile, "We have seen them launch missiles in the past and the United Nations Security Council has repeatedly condemned them as violations of the North's obligations under numerous Security Council resolutions."

The BM25 Musudan is a mobile intermediate-range ballistic missile developed by the Democratic People's Republic of Korea. In a military parade on 10 October 2010 celebrating the Korean Worker's Party's 65th anniversary, the Musudan - or a mock up - was first revealed to the international community. The liquid fuel rocket design inhibits red fuming nitric acid as oxidizer and uses hypergolic combination of unsymmetrical dimethylhydrazine as fuel which does not vaporize like liquefied hydrogen/oxygen gas at 35°C. The Musudan could maintain a 'ready to launch' condition for several days, or even weeks however, because of tank corrosion caused by the red fuming nitric acid, it could not be kept longer. The missile has to be fueled at the launch site since it lacks the structural strength to be transported on land.

Fisker Green Car Maker Verge of Default on Multi-Million Dollar Loan from DOE Fisker Green Car Maker Verge of Default on Multi-Million Dollar Loan from DOE

The struggling government-backed hybrid sports car maker Fisker Automotive, located in Anaheim, California, fired nearly 160 workers in departments including engineering, public relations and marketing or nearly 75% of its staff - most of its rank-and-file employees - in a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. Severance pay was not offered since the company reported it was something they could not afford. Fisker requested that 53 senior managers and executives stay on board, primarily to pursue buyers for the company's assets as well as to continue negotiations with U.S. Department of Energy.

Fisker put its entire U.S. workforce on furlough late in March and hired law firm Kirkland & Ellis to advise on a possible bankruptcy filing. A class action lawsuit was initiated by disgruntled former workers, represented by attorney Jack Raisner. Raiser represented employees of Solyndra, the government-backed solar panel maker that terminated its employees shortly before filing for bankruptcy in 2011. The current conditions of Fisker is similar to Solyndra's final days... "It feels like almost deja vu," Raisner said. The lawsuit accuses the automaker of violating the Worker Adjustment and Retraining Notification or WARN Act, which requires 60 days' notice for mass layoffs. The lawsuit seeks 60 days' worth of unpaid wages and other benefits, as well as interest.

Fisker continues to search for a strategic partner and said, "Unfortunately we have reached a point where a significant reduction in our workforce has become necessary." The green energy company has not produced a car since July and has been seeking a financial backer to help finish the development of the Atlantic and produce it at a Delaware plant. Chinese automakers Dongfeng Motor Group Co Ltd and Zhejiang Geely Holding Group both considered buying a majority stake in Fisker, but they balked at the terms of Fisker's loan agreement with the DOE.

Reportedly, Fisker is anticipating renegotiation of a DOE loan payment due on April 22, around $10 million.

According to the loan agreement dated September 18, 2009, the DOE awarded Fisker a $529 million loan as part of a U.S. program to finance advanced vehicle development. Fisker pledged its assets, including equipment and property, as collateral. The last payment from the DOE to Fisker came in May 2011. "The Department of Energy stopped payment on the federal loan in 2011 after Fisker stopped meeting their milestones, and is committed to the best outcome for taxpayers," DOE spokeswoman Aoife McCarthy said in a statement. "Despite Fisker's difficulties, our overall loan portfolio of more than 30 projects continues to perform very well, and more than 90 percent of the $10 billion loan loss reserve that Congress set aside for these programs remains intact," she said.

The company's flagship vehicle, the $100,000-plus Karma plug-in hybrid, quickly won accolades for its styling and cachet with celebrities, including pop star Justin Bieber and actor Leonardo DiCaprio, who is also an investor in the company. Of the DOE loan, Fisker used $193 million and earmarked the remainder for a second plug-in hybrid, the Atlantic, however, the DOE froze the credit line after delays in launching the Karma.

April 8, 2013


Top of the page


   

Performance
Stocks Trading Room
Total for Year
Last Week
$70,240.00
$0.00
Futures Trading Room
Total for Year
Last Week
$85,270.50
$0.00
Forex Trading Room
Total for Year
Last Week
$251,937.90
$0.00
Options Trading Room
Total for Year
Last Week
$145,900.00
$0.00
empty
Total for Year
Last Week
$0.00
$0.00
News & Commentary

Forex Day Trading Room Performance for May 6, 2016

Futures Day Trading Room Performance for May 6, 2016

Forex Day Trading Room Performance for May 5, 2016

Futures Day Trading Room Performance for May 5, 2016

Stocks Day Trading Room Performance for May 5, 2016

Forex Day Trading Room Performance for May 4, 2016

Futures Day Trading Room Performance for May 4, 2016

Forex Day Trading Room Performance for May 3, 2016

Futures Day Trading Room Performance for May 3, 2016

Stocks Day Trading Room Performance for May 3, 2016


News & Commentary

Monthly Trading Lesson


RSS Feed...
subscribe by
clicking on above

Social Networks...
subscribe by
clicking Icons below