Erdene Resource Development Corp (ERDCF) Shares Moving On Volume www.finnewsweek.com

Erdene Resource Development Corp (ERDCF) shares are moving today on volatility 1.85% or 0.012 from the open. The OTC listed company saw a recent bid of 0.6620 and 800 shares have traded hands in the session.

As we move deeper into earnings season, investors may be trying to figure out how to best position the portfolio for the rest of the calendar year. Maybe things haven’t gone as well as planned in the first half of the year, and a few tweaks need to be made to bolster profits in the second half. Closely watching the earnings reports may be a good way to see what companies are getting things right, and what companies have some work to do. Many investors will take notice if a company posts a much larger earnings beat or miss than expected. Not only will the stock most likely become a bit more volatile, but overall interest may be heightened as investors try to piece together the puzzle and figure out why there was such a discrepancy between estimates and actuals. Once the dust settles and the picture becomes a little clearer, investors may be able to properly rotate in or out of a certain name or sector. Finding stocks that look good on paper but have fallen out of favor with certain investors may be a good place to start doing some further number crunching. Locating those overlooked sectors with growth potential might be a good way to uncover those stocks that are ready to make a run.

Digging deeping into the Erdene Resource Development Corp (ERDCF) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -86.67. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Erdene Resource Development Corp (ERDCF) currently has a 14-day Commodity Channel Index (CCI) of -68.61. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Currently, the 14-day ADX for Erdene Resource Development Corp (ERDCF) is sitting at 35.59. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for Erdene Resource Development Corp is currently at 39.05, the 7-day stands at 41.09, and the 3-day is sitting at 49.47.

China, Mongolia to start joint feasibility study for FTA www.eng.yidaiyilu.gov.cn

China and Mongolia will soon start conducting a joint feasibility study for the development of a free trade zone, a Chinese official said on Aug. 1.

Qian Keming, a vice-minister of commerce, said the move highlights the ever strengthening Sino-Mongolian relations "on the basis of mutual respect, equality and benefit".
The Second China-Mongolia Expo is slated to take place in Hohhot, capital of China's Inner Mongolia autonomous region between September 26 and 30 this year. Through exhibitions, conferences and seminars, investment and trade negotiations, the expo will serve as a communication platform for all sides, Qian said at a press conference.
The biennial event aims to boost bilateral cooperation in politics, economy, education, health and culture, and to facilitate the Belt and Road Initiative and China-Mongolia-Russia Economic Corridor.
For over a decade, China has been Mongolia's largest trading partner. According to China's Ministry of Commerce, Sino-Mongolian trade amounted to US$3.1 billion in the first half of this year, up 44.2 percent from a year ago. In the same period, China's non-financial direct investment in Mongolia reached US$4.1 billion, accounting for 30 percent of Mongolia's total foreign investment.
Earlier in 2016, bilateral trade reached US$4.61 billion, accounting for 60 percent of Mongolia's export volume, data from the ministry shows.
China mainly exports gas, diesel, food, machinery and equipment to Mongolia, and imports natural resources, fur and raw materials.

Apple shares sail to record high on healthy iPhone sales www.reuters.com

(Reuters) - Apple Inc on Tuesday delivered surprisingly strong fiscal third-quarter earnings and signaled that its upcoming 10th-anniversary phone lineup is on schedule, driving the stock up 6 percent to an all-time high in after-hours trading.

Gold shows solid performance in July www.mining.com

A struggling dollar and serious doubts about whether or not the U.S. Federal Reserve will raise interest rates again this year sent gold to its highest point in almost seven weeks.

Mongolia offers its help to Japan in holding talks with N. Korea www.asahi.com

Sodovjamts Khurelbaatar, Mongolia's outgoing ambassador to Japan, speaks about his experiences in both Japan and North Korea at the Embassy of Mongolia in Tokyo’s Shibuya Ward in July. (Satoru Semba)

Mongolia's outgoing ambassador to Japan pledged his country's cooperation in helping to resolve the decades-old issue of Japanese nationals abducted by North Korea.

Sodovjamts Khurelbaatar, in a wide-ranging interview with The Asahi Shimbun ahead of his departure home, also spoke about his impressions of North Korea's leader, Kim Jong Un, from his time as envoy in the reclusive state between 2008 and 2011.

“It is Mongolia’s duty to help solve the (abduction) issue as a partner (of Japan),” said Khurelbaatar, emphasizing the friendly ties the country's enjoys with both Japan and North Korea.

Khurelbaatar made clear that Mongolia is keen to see Japan develop more friendly relations with North Korea.

He also suggested that Mongolia's capital, Ulan Bator, be the setting for stalled six-party talks aimed at denuclearizing North Korea.

Khurelbaatar served as ambassador in North Korea toward the end of the regime headed by Kim Jong Il, Kim Jong Un's father.

He said that when he attended Kim Jong Il's funeral in December 2011, he met the current leader Jong Un and shook his hand.

“His hand was soft,” Khurelbaatar recalled. “I saw sadness in his eyes, but he was occasionally smiling, too.”

He said diplomats in North Korea were well aware before Kim Jong Il's death that his son would take over.

“Kim Jong Il used to see ambassadors from China and Russia, but stopped seeing high-ranking officials from other countries from two to three years before his death,” Khurelbaatar said.

Japan’s Prime Minister Shinzo Abe is also keen to further relations with Mongolia in light of its good relationship with North Korea.

In September 2013, when Tsakhiagiin Elbegdorj was visiting Japan as the president of Mongolia, Abe invited him to his private residence. Khurelbaatar accompanied the president to serve as an interpreter.

Khurelbaatar said the two leaders developed “a deep trust toward each other,” adding that the talks centered on steps they could take together to resolve the nuclear development and abduction issues.

In March 2014, a meeting was held in Ulan Bator so the parents of abductee Megumi Yokota could finally meet their granddaughter, Kim Un Gyong. Megumi was abducted by Pyongyang as a teenager in the 1970s. North Korea says she is no longer alive.

Pyongyang later promised to reopen its investigation into the abduction issue, but then reneged. The issue has been in limbo ever since.

Six-party talks aimed at getting North Korea to renounce is nuclear ambitions stalled in 2008.

Given this background, Khurelbaatar referred to the Ulaanbaatar Dialogue, an international conference on Northeast Asia security that was initiated by Mongolia in 2014, and said Japan should use it to hold discussions with North Korea.

“A war can break out, if one party remains stiff just because the other one is difficult to talk to,” said Khurelbaatar, emphasizing the importance of maintaining dialogue with North Korea, rather than just applying sanctions. “The most undesirable outcome is war.”

Ukraine signs deal to buy American coal www.rt.com

Ukrainian state-owned energy firm Centrenergo has signed a contract with America's Xcoal Energy & Resources to supply 700,000 tons of coal to Ukraine this year.

Mongolia receives livestock disease vaccines from Russia www.news.mn

Mongolia received the first package of livestock disease vaccines from Russia on 31st of July. A total of 4.1 million doses are being sent from Mongolia's northern neighbour, following agreements made during Prime Minister J.Erdenebat’s visit to the St. Petersburg International Economic Forum on 1st-3rd June. Mongolian Food, Agriculture and Light Industry Minister P.Sergelen and Agricultural Minister of Russia A.N.Tkachev have signed an agreement regarding the details of the deliveries of the vaccines from Russia to Mongolia.

Major sports complex project underway in Darkhan-Uul www.montsame.mn

Ulaanbaatar /MONTSAME/ Construction work has resumed at a sports complex being built in Darkhan-Uul aimag which is expected to be one of the biggest sports facilities in the country.

State Officer of Immigration, Orgil.G: Foreign Nationals have to carry identifiation at all times www.gogo.mn

We have prepared series of interview from dependable source in order to educate foreign residents, temporary visitors and business travelers to Mongolia on relevant Mongolian laws and regulations. This time we have interviewed state officer of immigration at Mongolian Immigration Agency, Orgil G.
- As tourism and construction season sets off, number of foreign nationals visiting Mongolia is increasing. What rights and obligations apply to them?
- In the summer, number of tourists who are visiting Mongolia to see our beautiful nature, culture and tradition and workers to work in infrastructure and construction sector drastically increases. Number of foreign nationals with tourist J type visa is on the rise and makes up most part of foreign nationals visiting Mongolia.
As for tourists, they need to make a careful travel plan and calculate their traveling time. Most tourists stay for 30 days. So they need to carefully plan what to sightsee and where to visit during this time. If their travel exceeds 30 days, they are allowed to make request to Mongolian Immigration Agency to extend their visa 4 working days before their visa expires and get one time visa extension of 30 days. Some tourists visit for 90 days. In this case, they need to complete registration procedure. In detail, according to Law on Legal Status of Foreign nationals, these people need to register at our agency within 7 days of entering Mongolian border.
As for foreigners staying more than 90 days, they are required to obtain residence permit in accordance to their visa type within 21 days of entering Mongolian border. There are 15 types of residence permits such as working, investing, studying, immigrating and residing for marriage or for personal reason etc. Foreigners should bring all necessary documentations according to their permit type and shall be given residence permit. Requests to obtain and extend residence permit is usually processed within 5 working days and 3 working days if they choose express service.
Foreigners who are employed in Mongolia first need to obtain work permit from General Authority for Employment and Welfare Service in order to get their residence permit extended. Therefore they are advised to take this into consideration.
- What kind of offences foreigners in Mongolia often commit? What is the punishment for them?
- Most cases include overstaying residence permit or visa, working illegally without permit from authority and conducting different business than their intended purpose. Offenders are fined with amount equaling to 1-10 times of minimum salary in accordance to relevant legislations. Fine amount varies depending on reason of their offence and number of overstayed days.
Moreover offences such as absence of identification and address violation often occur. As stated in 7.4.5. of Article 7 of Law on Legal Status of Foreign nationals, foreign nationals who are staying in Mongolia for business or personal reason are obliged to carry their passport and residence permit provided by authority at all times. If a foreigner is not carrying passport or identification equaling to that, he shall be fined with amount 3 times less than minimum salary. Foreign nationals who do not have proper documentation, unidentified, who do not follow deportation procedures, are considered to commit crime or offence and who did not leave Mongolia within 10 days after they got warming shall be detained for up to 6 hours with decision from state officer of immigration and 14-30 days with court decision until the case is resolved.
- Law on Offence and Law on Offence procedure were commencedon July 1st. What changes were made?
- Revised Law on Offence came into force on July 1, 2017. About 1600 types of offences are regulated by this law which includes several provisions on fining individual who violated Law on Legal status of foreign national.
For instance, violations of regulations on registration, owning and keeping residence permit, carrying passport, equaling identification and residence permit and regulations on employment are fined with amount equaling to one hundred units, for offence of not registering foreign nationalat relevant authority within legal period, an individual is fined with amount equaling to two hundred and fifty units and a legal entity is fined with amount equaling to two thousand and five hundred units. Moreover if a foreigner did not obtain residence permit within legal period and overstayed their residence permit or visa, he/she shall be fined with amount equaling to ten units for each day of overstay.
And invitee who did not obtain residence permit for foreign national within legal period and whose foreign nationaloverstayed their residence permit or visa, he/she shall be fined with amount equaling to ten units for each day of overstay for each foreign national.
- Then how to clear offence charges? Please give us detailed information on how to prevent committing offence.
- An offender can write request to resolve offence explaining for what reason they violated Mongolian law. They need to bring violation documents for state officer to inspect and bank receipt for paying fine amount for their offence.
During construction season, foreign nationals who are working in road, construction, agriculture, mining and other sectors with permits from Government order and General authority for Employment and Welfare Service often have inviting entity. Therefore these individuals, entities and organizations that are employing foreign nationals are advised to check expiry dates of their employees’ documents regularly.
- Under what circumstances a foreign national is deported?
- There are 12 accounts for deporting foreign nationals as stated in Law on Legal Status of Foreign national. Most common cases include overstaying their residence permit or visa for over two months and conducting different business than their intended purpose.
First halves of past three years statistics reveal that 188 nationalities from 18 countries in 2015, 313 nationalities from 25 countries in 2016 were deported. As for 2017, 261 foreign nationalities have been deported. Number of deported foreign nationals is decreasing in recent years. There are several reasons for that. For instance, due to our economic situation, foreign investment halted and movement of foreign nationals visiting Mongolia slowed down, inspection have improved and information on Law on Legal Status of Foreign Nationals were given to individuals and legal entities on regular basis. Also border inspection has improved and has been deporting illegal foreign nationals from the border.
- What measurements is Mongolian Immigration Agency taking towards preventing foreign nationals to commit offence?
- Mongolian Immigration Agency is constantly conducting regular and sudden inspections. Inspection covers all entities that are employing foreign nationals such as hospitals, schools, production, service and repair shops and rural areas. During inspections, we provide information and advice to prevent foreign nationals from documents violation.
As Ministry of Law and Domestic Affairs announced 2017 as a “Year to bring legal service closer to citizens”, Mongolian immigration Agency is working on initiating “Online Immigration” system. As part of this initiation, we are providing online legal advice and information and organizing activities to prevent any violations.

Saudi Arabia Unveils Plans for Mega Red Sea Tourism Project www.bloomberg.com

Saudi Arabia’s sovereign wealth fund plans to turn about 200 kilometers of Red Sea coastline into a resort boasting luxury hotels and transport hubs, as part of the kingdom’s plan to reduce the economy’s reliance on oil.