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I agree, it would/could be an effective way to start priming the market for more to come later. marketing counts.
But as for some tiny rings/inserts ( on a component level ) ... Mot exciting at all; how does that improve on what they already provide.
For consumers it's not a big feature differentiator; but the commercial is kind of seductive; that probably appeals to some.
They definitely have to jazz up marketing whether liquid metal or not.
They're still a joke for coming out with something substandard initially; but their OS strategy has been pretty clean, e.g. Recent SW upgrade to an earlier model is like purchasing a new phone. It's an incredible makeover with the push of a icon.
ON LM, maybe they will introduce it in phases, that being an initial one.
If you weren't watching LM/LQMT so closely, would that commercial really get you excited? Just an upgrade to to some rings and inserts? (Nothing special but could be a starting point for marketing initially)
If AAPL ever comes out with a LM based case it will be the joke of the industry for two reasons:
1) it took them so long (competitors already know LM)
2) competitors can use something else to meet the market ( LM isn't mutually exclusive, they can use something else)
LM is overkill for general applications.
You, too, bud! Nice chatting with you :).
Thanks so much. I really appreciate your explanation. I'm not in a position to watch closely right now but ver bi if information is helpful to read/understand. You sound very experienced with options. Thx!
That's great. Do you mind if I ask which options you hold and when you bought them?
If GDX were to turn over here ( not saying that it will) it would be continuation of lower lows and lower highs; similarly for GLD. The inverse would be true for DGLD.
I decided to go with DGLD (with more conviction that gold will be declining); miners, GDX, may have reached point where they can run on their own (appear to be, good call). I'm a little skeptical that if gold were to drop enough it could take miners with them.
Double bottom on weekly chart looks good.
If the transition from 1-2 is more than 1 bar, could be a little (slightly) down before the next leg, 2-3 up, re:GDX, based on your Elliot Wave theory.
Does this makes sense to you? ( I think this is what you are implying).
Gold prices will continue to drop (1000 -/+) at some point offering the Chinese better buy prices, and flushing out small miners; Chinese and global demand could increase over time requiring more mining which would be good for all surviving miners. As gold prices rise ( later, due to higher demand than immediate supply) currency debasement continues ( IMF has a white paper on a three currency system wit a common peg).
GS could be helping the fed ( and Chinese).
Near term: gold and miners suppressed and could even drop some more
Mid/Longer term: both appreciate
On a weekly chart, miners and gold look ready to rise; on daily charts, possibly the opposite. Maybe a move the same magnitude but opposite direction next week?
What's the bottom line? Is gold price going up or down from here next week in your view?
Why charts imply dust higher (miners lower): on daily charts, CMF is positive (on miners, negative).
We'll see if the indicator works.
I learned to swim in it, lol. Great resistance training, lol.
FYI: Last year about this time, RGLD beat earnings estimates by 20% and shortly after both gold and RGLD started the selloff that lasted months.
Disagree that OB is a "great" spin doctor....hardly spins....have seen better spinners.
A guess on how a CC might go for a well positioned miner:
1) improving operationally (cleaned up bal. sheet, let people go, etc., new business due to fall out of smaller miners, etc.) - positive
2) muted ( or lowered outlook with lower gold prices on the near term horizon ( to flush out more smaller miners, one last kick - ouch)) 4Q; they continue to improve/optimize operations (also declining oil prices, near term as the commodities complex bottoms) - neutral
3) bullish long term, bright future - positive
Possibly beat earnings estimates - positive
Expect improving conditions (after a potential pause 4Q) - positive outlook
Gold prices and oil prices both climbed 3Q for miners. Many larger miners ( making up GDX) have "buy ratings" and appear "undervalued" based on consensus price targets.
If they cleaned up operations, balance sheets, etc. 2Q, they might actually look pretty good this earnings season.
As for the outlook for gold ( and what they might say during earnings CC) .... Seems like that if gold bottoms (lower) between now and Jan '14, they ( the better miners ) might mention it in terms of forecasted 4Q....
Wait a minute, Silversurfer mentioned "demand" .... With "fewer miners producing" (see article), with constant demand (maybe it's growing in China, etc.), then the supply wold be coming from fewer producers ( thinking out loud...sorry)......ok, better revenue most likely for the survivors.
(Re-thinking it )Earnings season might actually look pretty good for some miners.
Oil may go lower; but higher during 3Q for miners ( could effect earnings reported as well as lower gold prices).
Black gold.
Rising oil prices during earnings season might make oil stocks look better ( big oil); and miners weaker.
But the dollar is weakening ..... ????
Will Monday be like 9/20?
What potential catalyst could there be for gold/miners over the weekend?
With earnings around the corner for miners, maybe some disappointments with the recent decline in gold; if the outlook for gold is lowered, miners could look even worse (the not so great miners ).
If big $ wanting to flush out some miners, maybe the better miners would/could withstand reporting during a lower gold forecast ( point made by Silversurfer, e.g. Gold price level).
Given the possibilities mentioned above, it seems to me that there may not be an incentive for gold prices to rise near term unless a seasonal effect kicks in ( India, China).
What are we missing?
It's not so much the quotes, but the balances that can be delayed....needs to warm up .....after about 15 minutes it's ok .... But have two different apps to check balances, etc. .... But the user interface on the iPad app is more than cool. you can even import custom indicators, etc. Totally integrates with the desktop alert system, etc....
Don't wanna get hosed! Lol
TD Ameritrade has a great app. It's easier to flip between screens, etc. But quotes can be delayed....so....
Lol...I do all trading on an iPad...need a new cover (for typing)...type fast .... Use to get some funny autofills (found a way to turn it off)....it's easy to touch more than one key .... Excuses, excuses, lol....
Sorry...meant "those" ... (on an ipad, sometimes typos)
In a learning through example mode. hose are great returns that you are getting.
Do you recall the approximate date ( and strike price, 19?) that you bought the call options? ... And the put options ?
The entire range of /gc (dec) spanned a channel.
It seems to me that the pop on extended QE (stimulus) by one month is being priced in and might not last very long. The dollar also dropped to a recent low.
I'm not sure where this stacks up relative to a season for gold.
I've decided to play tight channels. GDX's rise today is on low volume ( implies that it cold fall back even though nugt/dust were more excited about it ( both have higher volume)).
I switched back to a channel strategy because a potential " season" for gold could come into play.
But from what I hear/understand ( reputable analyst), gold needs to come down more at some point between now and Jan. to flush out more miners.
GDX's move today is on low volume.
Maybe next resistance is 1340ish.
Notice that LQMT is sellng/weak a day later. It seems that the market wants some real revenue.
Maybe they don't bottom until EO Dec ????
A leading analyst sees PMs bottoming by January (LE).
/gc and /es sort of traded in the same direction between 9/19 and 10/9; down. Both are kind of up. /es at a high and not up a lot today. /gc up a lot today. Q: is gold closer to turning down again or is there more upside going into a seasonal climb.
If gold is rallying on easy money fed stimulus outlook, why isn't spy also rallying.