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Golden Ten Data reported on May 20 that Indonesian President Prabowo Subianto stated in parliament on Wednesday that Indonesia will establish a state-owned enterprise responsible for managing the export sales of natural resources including palm oil, coal, and ferroalloys. The president said this policy aims to optimize government revenue, strengthen regulation, and combat under-invoicing. If these issues are resolved, it could potentially save $150 billion. Prabowo told parliament that if managed according to the constitution, Indonesia's natural resources are sufficient to benefit all its people. "Land, water, and their resources should be shared by all Indonesian people," he said. He acknowledged that although Indonesia is a resource-rich country and a G20 member, poor economic management has failed to effectively increase national income.

Golden Ten Data, May 20｜At the 54th Annual Global Technology, Media and Telecom Conference by JPMorgan, Intel CEO Pat Gelsinger stated that Intel 18A has already supported the mass production of Panther Lake chips, with yields improving by approximately 7% each month, surpassing internal expectations. The 0.5 PDK for Intel 14A has been released, and there are plans to push the 0.9 PDK to external clients in October. The team has also begun long-term planning for the 10A and 7A process nodes. As AI shifts from training to inference, the CPU becomes increasingly important and indispensable in the AI era. The configuration ratio of CPU to GPU is trending from 1:8 toward 1:1, and it could even reach 4:1. Intel is currently actively pursuing ASIC business opportunities, offering customized solutions.

1. Spot gold may fall back to the $4,373 to $4,406 range after a rebound. This judgment is based on the descending channel structure and projection analysis. 2. The lower boundary of the descending channel points to $4,373. Projection analysis shows that the market has briefly broken below the $4,458 support level (corresponding to the 200% level), indicating the possibility of a further decline to $4,406. 3. The current short-term resistance is at $4,476. If this level is broken, there is potential for further upward movement to the $4,490–$4,510 range. 4. Observing the daily chart, gold has already fallen below the $4,510 support level. This breakout has opened up room for further downside to the $4,228–$4,391 range. 5. At present, the gold price may be operating within the structural framework of a major ascending wave B, which consists of three smaller waves. This assessment is based on the significant difference between this wave and the previous wave A—wave A was clearly larger and longer. 6. The medium and small wave b may end somewhere above the preset wave A bottom at $4,098, after which it will be partially reversed by the upward small wave c.