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If China is in a gold accumulation phase, wouldn't they want to buy at a "low" price; couldn't that be a motive for manipulation or fall to lower prices.
Hasn't stimulus hope already been priced in?
"NEW YORK--Gold futures climbed to a one-month high on Thursday, lifted by expectations for continued easy-money policies from the Federal Reserve after a slate of mixed U.S. economic data."
" ..... However, [ ] added that a stumbling physical market for gold in Asia was adding downside pressure to this picture. In China, average volumes on the Shanghai Gold Exchange this week were seen lower.
The picture also remained weak in gold's other key physical market, India. While demand may be strong for gold in India, Import limitations imposed by the government in an effort to address its current-account deficit are affecting the supply chain to consumers.
Choked-up supplies and festival-season demand are leading Indian gold buyers to pay big margins over its international price to ensure immediate delivery.
"Large buying volumes in the second quarter have been run down as imports dried up in the second half of the year amid the challenging regulatory environment," noted [ ] adding these stocks could run out completely around November, the month of India's key festival for gold purchases, Diwali.
"The reality is that the supply chain in India is currently too slow to keep up with what is expected to be strong physical demand during the Diwali holiday period,"......"
I'm not confused. I think you were.
For some reason posts aren't showing up in my IH feed.
maybe I also need to move off ipad and get on a bigger screen to watch several miners at once. Thx.
I'm feeling stupid today and IVH is acting up. That looks like resistance to me.
There was an earlier post (zerohedge I think) about a positive forecast by BAC. I'm having a hard time believing these guys. They're masters ( like GS ) at flipping coins.
The issue I have is "what's the range".
I've read where some expect another "hold" (off). I suppose it's positive for gold if tapering is deferred.
Analysts also expecting a rise in the broad market to YE ( maybe after a dip).
My question, will the market and gold rise together then?
I agree with the comments about G; been going on for years.
That's great! Way to go.
E.g. GG: The company, which last quarter posted a massive loss of nearly $2 billion due to an impairment charge related to its Penasquito mine in Mexico, also said it has suspended exploration and deferred some development activities at its Cerro Negro project in Argentina due to permitting delays, labor issues and other challenges.
I'm suspect of BAC news (zerohedge) also eventhough it can be an interesting feed; skeptical of any source that is either mostly optimistic or mostly pessimistic especially when it comes to gold.
But AEM surged 14%
It will be interesting if miners become "sell the news". GG is somewhat positive but also negative if you read entire PRs. Check it out!
Revenue fell to $929 million from $1.28 billion a year earlier, and missed the Thomson Reuters mean estimate of $1.11 billion.
With gold expected ( by some ) to trade sideways to a point of taking a swan dive into 2014, with S&P500 thought to reach 1850 by YE, and with basic materials potentially selling off about -37% (XLB current price is ~44, a huge Jan puts at strike 32 and put/call 14x), SMN is beginning to look better, e.g potentially 37.9 -> 66ish, 74% potential ). Gold ( and miners) are so yin yangish (mixed news, etc.) that it's hard to get a good read on direction day to day. Maybe SMN is a ticket form 2-3 months out.
Dust is working within the small limits defined.
Gdx has more options call volume at 27.5.
It kind of lines up with s/r on darvas boxes or levels on bars pre-breakout. I guess there's only merit in if it somehow goes that way. Opex is two days away.
Today, for opex this week: Nugt 50 (more volume at 48), dust 30 (more volume at 30.5) open interest.
If open interest is any indication, there's more of it in favor of dust up, nugt down from here based on opex this week, but so far, that hasn't necessarily been a very telling indicator.
That was a different analyst (e.g. Wsj or DJ or out of London). The other one sees record accumulation as you pointed out. I follow the second one. The first one was from a news feed through TDA app. Sorry about that.
Ok, 32ish on dust. Thx.
35-37. done for the day.
If dust were to follow, it would put resistance around 37ish.
Another analyst is seeng next support for gold around 1295.
Supposedly fundamental demand in China could be wavering .... another analyst opinion.
An analyst that I follow that is often right ( but timing off ) sees gold weakening and a correction by Jan 2014; he thinks this rally attempt will be shallow. But he also called for a bottom in early October that reached a low but didn't reach the lower bottom he now sees happening by/in January before another big leg up.
Waiting for these events to materialize keeps people on the sidelines while there is backing and filling according to him.
He's saying stay out of juniors but seems to think bigger miners have bottomed (unless there is a huge drop, etc.). The next drop in gold needs to take out the low of the summer according to him.
Just sharing that perspective. Some other posters commented on the same analyst at one point. His timing has been a little off and could keep a shorter term investor out of some trades.
Vote: should AAPL create a one off really expensive phone just to satisfy ego? ... made of LM? .... Or just for limited exclusive partnerships, e.g. Mercedes, Tesla, etc?
it seems to me, based on some prior posts, that LM isn't in the casing; that it's something else with scratch resistance treatment. The mirrored logo generated some interest but then ( if I recall correctly) was dispelled.
But I really wouldn't know.
If they came out with one, though, I would agree that it could be good for validating LM/LQMT for more general use.
I think AAPL wanted exclusivity because other manufacturers could have optimized it's use as well.
If something major comes out at some point ( meaning LM/AAPL), it still sounds a ways off, e.g. 2014/2015/2016.
Based on the AAPL rumor theories for driving the stock price up ( LQMT ) and using the "expensive" brick phone as an example, it doesn't exactly support the case unless a lot of them will ( or have been ) sold and they use LM.
MB, I like your posts. On the high-end brick phone that you mentioned, I agree it was a show case phone ( I saw an earlier very expensive model at a trade show .... The mfgr was very proud of it.....it was all about materials (vs. features)). Around the same time, NTT DoCoMo was partnered with AT&T Wireless to bring iMode like capabilities to the US market (feature rich).
To make a long story short, and this is fact, feature rich won out and "American" style content did even better, and then "American" brands, e.g. Apple. This is fact, and at the expense of stylish form factor because consumers (and primarily young adults and teens that grew up on the internet) were hungry for content, ring tunes, video clips, texting, etc.
Now, ( and for some time) the opportunity is on the hardware (mechanics vs software): better materials, stylish form factor, etc.
AAPL has done a great job on software ( meaning OS that is easily upgraded over the air to introduce new user interfaces, features, etc.). The next steps are as you have pointed out, e.g. Materials evolution.
I pointed out a while back that "cost" is everything when it comes to margins, etc. ( what WS rewards, etc.) and some ppl want to believe that "status" trumps that and everything else.
It absolutely does not (meaning traditional norms of status).
What ever AAPL comes out with, I agree will be well thought out, competitive, etc., and meet their financial objectives vs. one offs.
Anyway, I believe that facts trump huff and puff. They're coming along as has been pointed out. It disappoints me that it is taking so long and especially as it might have been believed to be a factor in giving LQMT more credibility in the market.
Going to wait for GDX pullback, then reconsider GDX/NUGT.
Sorry...I didn't realize they were still making it .... Still limited features ... They must have some contracts with ??? auto manufacturers .... But definitely resembles "stone age" by todays standards .... Some versions of it look "robotic" with the sharp angles, etc. and even jewel like in some versions....
It's an interesting concept to try to turn a mobile handset into a piece of smart jewelry. That particular design doesn't appeal to me much. It kind of reminds me of a cologne (or cognac) jeweled bottle with leather around it ....weird, lol.
We'll take the car but not the handset ..... To each their own; as for LQMT, make something that sells will ya!
To us, that handset: ugly...looks like a remote control, dressed up to try to justify the price which was "expensive". Given the competition at the time, expensive with limited features really wasn't where things were headed. looks like a handset for neanderthals.
I was referring to
http://images.search.yahoo.com/search/images?_adv_prop=image&fr=ipad&va=vertu-ascent
To stay a life in the mobile handset/device space it's about reaching the market in mass ( vs expensive niche ).
Realize that the comments may not meet well with machismo status thinking, but it's not our gig to appeal to it; seriously doubt those folks made a lot of money with that handset and if they did it didn't last very long.
The challenge for many: try thinking beyond your own personal experience and on a broader scale.
Superior materials is a great way to go for mass appeal once it can be produced economically and is scalable.
If AAPL can do that, great. it seems to me that with time they can come out with a superior product with unique capabilities ( the OS strategy is excellent).
This was never an exciting product to me because of its bulkiness, etc. But for one with thick fingers, and a tendency to drop things, and a need to display status, that was a niche market product for sure.
http://images.search.yahoo.com/search/images?_adv_prop=image&fr=ipad&va=vertu-ascent
In my view, Asian handsets were superior at the time, more elegant, and broader market appeal for the swift and nimble.
Maybe there would be more reliability for the touch button in particular, or even provide some water proof features, etc., but as for consumer feature appeal, hardly noticable..
Did anyone see the irony n "carnard"? Lol