Gold prices have been taking a jump in the US trading market and recently it crossed $1500 level to reach the six-year high figure. Along with the gold, the silver prices also hit a 13-month high of $17.01 on the basis of December Comex futures. The demand for the two precious metals is increasing across the world. Due to this, December gold futures were last up $23.50 an ounce at 1,507.70 and September Comex silver saw a jump of $0.52 at $16.965 an ounce.
The US-China trade war is the major factor responsible for the present situation of the marketplace. China’s central bank has set its currency, the yuan, exchange rate with the US dollar at 7.0211, which is just below the psychological 7 barrier. This is the lowest fixing set by the Chinese central bank in the last 11 years. This had led to Donald Trump labelling China a “currency manipulator”. The world marketplace will play a crucial role in determining the exchange rate because China has been accused of using its currency as a trade weapon which is why the US also accused China of using its currency for manipulating things in the market.
Michael from Melbourne Gold Company reported that many people sell gold bullion by noticing a sharp increase in the prices of gold and silver. These people have had their gold investments for many years and sell seeing gold prices hit record high’s. This helps them to profit from the market. However, the selling just gets absorbed as the gold bulls have the strong near-term technical advantages and psychical buying is still very strong even at record high gold prices. September silver futures bulls also have the solid overall near-term technical advantage. And the US dollar index is currently trading at a lower level in the early US trading. The US economic data also includes the weekly MBA mortgage applications survey, consumer credit, and the weekly DOE liquid energy stocks report.
Reckless Driving in the State of Virginia
The state of Virginia is strict in its enforcement of laws against reckless driving. According to section 46.2-852 of the Virginia Code, reckless driving is listed as a criminal offense. In addition, the Virginia Code categorizes all driving that endangers the life and property of others as reckless.
Several behaviors that motorists exhibit while behind the wheels can qualify as reckless driving in Virginia. “Reckless driving causes nearly a third of all deaths involving major car accidents, which are more than 13,000 each year,” explains attorney Karin Riley Porter. As a result, you can be charged by an officer and can be found guilty or not guilty by a judge.
Types of Reckless Driving
Reckless driving is in different forms and includes:
1. Driving a vehicle with a mechanical fault
Va. Code § 46.2-853 considers driving a vehicle with faulty brakes as a reckless driving offense. Therefore, if a driver cannot maintain proper vehicle control, the driver will be held liable for reckless driving. However, if a driver could prove that they didn’t have prior knowledge that the vehicle was faulty, it would be possible to avoid conviction.
2. Not giving out the right signals when required
Not giving out a signal while driving on Virginia road is an offense under section 46.2-860 of the Virginia Code. Motorists are required to start signaling 50 feet away from the place they would be turning where the speed limit is not above 35 mph. In situations where the speed limit is above 35 mph, drivers are required to signal 100 feet away from where they would take a turn.
3. Driving alongside another vehicle on a single lane road
In Virginia, driving two vehicles abreast on a one-lane road is considered a reckless driving offense. This rule, however, only applies to vehicles and has no implications on motorcycles and bikes. If found liable, the offender will face charges.
Different Virginia roads are subject to variable speed limits. A driver can face charges for reckless driving if they exceed the speed limit specified by law on each road network. According to the Va. Code §46.2-862, a driver can face convictions for reckless driving if they exceed the specified speed limit by 20 mph or drive above 80 mph.
5. Driving with an impaired view
Some drivers overload their cars or carry passengers who prevent them from seeing all sides of the road. Overloading is most common in trucks. If the passenger’s sitting position in any way obstructs the driver’s view, then the driver can be charged for reckless driving.
6. Racing on Public Property
Section 46.2-865 of the Virginia Code considers car racing on any property that is open to the members of the public without authorization as reckless driving. If found guilty, the state can withdraw the license of the driver for up to six months.
Penalties for Reckless Driving in Virginia
A reckless driving conviction may attract different penalties to the offender, some of which may include:
- A suspension of the driver’s license for six months or more
- Up to one-year jail term
- Fine amounting to $2,500
- Increase in auto insurance
- Ineligibility for car rentals
- Possibility of permanent seizure of vehicle if found guilty of unauthorized car racing
Reckless driving is a severe offense in Virginia. If you are charged with the crime and convicted, it can stay in your driving records for up to 11 years. However, with the help of an experienced Virginia traffic attorney, you can get a lesser charge for the offense.
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