Wednesday, September 4, 2013
Unprecedented Backwardation in Metals
David discusses the recent landmark 8 week Backwardation and the positive implications on gold and silver, currently and in the near future.
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Microsoft: Beware This Tech Dinosaur
Judging from the 7.28% “Ballmer Bounce” that followed his announcement, the markets love the idea of long-suffering Microsoft (NYSE: MSFT) CEO Steve Ballmer stepping down.
So do a lot of investors who believe now – finally – it’s time to buy Microsoft.
But is it?
Can the company bring in a new CEO with vision? Can it finally begin to understand content?
And is it willing to jettison employees and products that aren’t “worth” what the legacy suggests?
(more)
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So do a lot of investors who believe now – finally – it’s time to buy Microsoft.
But is it?
Can the company bring in a new CEO with vision? Can it finally begin to understand content?
And is it willing to jettison employees and products that aren’t “worth” what the legacy suggests?
(more)
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Tesla Is the New Apple : TSLA
Tesla's (TSLA)
stock has done nothing but make people money but you wouldn't know it
from the Twitter-sphere. Any mention of the electric car industry
leader's stock in a favorable light is met by the sneering contempt
unique to bears. Sure there are devotees but for the most part Tesla is
regarded as a stock for cult-members, not investors.
Comparing Tesla creator Elon Musk to Steve Jobs isn't a new idea, but it's hard to find many parallels to Musk among living CEOs. In fact there are those who don't think Jobs is worthy of being held in the same regard as Jobs. (more)
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Pension Crisis Fueled by Manipulation of Interest Rates by Central Banks
by Martin Armstrong
Armstrong Economics
The pension crisis is beginning to emerge as a real growing problem. The central banks have been keeping interest rates low for the primary reason of reducing the national debts. In Germany, they are beginning to notice that not merely are government pensions growing faster than private as public servants help themselves to our income by threat of criminal prosecution for failure to pay whatever taxes they demand, but in Germany the pension funds in the private sector are headed into massive insolvency. Even the press is now reporting that private pensions cannot meet obligations because of the Euro Crisis where interest rates are kept artificially low to help Southern Europe meet obligations.
Continue Reading at ArmstrongEconomics.com…
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Armstrong Economics
The pension crisis is beginning to emerge as a real growing problem. The central banks have been keeping interest rates low for the primary reason of reducing the national debts. In Germany, they are beginning to notice that not merely are government pensions growing faster than private as public servants help themselves to our income by threat of criminal prosecution for failure to pay whatever taxes they demand, but in Germany the pension funds in the private sector are headed into massive insolvency. Even the press is now reporting that private pensions cannot meet obligations because of the Euro Crisis where interest rates are kept artificially low to help Southern Europe meet obligations.
Continue Reading at ArmstrongEconomics.com…
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Gold Surges Over $40 As COMEX Shorts Collapse To 7-Month Low
Spot gold prices have surged over $40 from Sunday’s knee-jerk lows as once again lower prices have encouraged demand. Gold had shfted back to unchanged from Friday’s close before Boehner spoke but since then has accelerated over $20 higher.
Gold shorts in the futures and options markets have dropped for 6 of the last 7 weeks. The 60% drop in the non-commercial short position represents a massive 81,700 contracts (8,170,000 ounces or ~$10.6 billion worth of notional ‘paper’ gold).
Continue Reading at ZeroHedge.com…
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Amphenol Corporation (NYSE: APH)
Amphenol Corporation provides electrical, electronic, and fiber optic
connectors; interconnect systems; and coaxial and specialty cables
worldwide. Its Interconnect Products and Assemblies segment produces
interconnect products, such as connectors for electronic or fiber optic
transmission; assemblies, which include a system of cables and
connectors for linking electronic and fiber optic equipment. This
segment's connector and cable assembly products are used in
communication applications, smart card acceptor and other interconnect
products, set top boxes and other applications, fiber optic connectors,
backplane and input/output connectors and assemblies, sculptured
flexible circuits, hinge products, and other wireless communication
devices. The company's Cable Products segment offers coaxial cable and
connector products for cable television systems, including full service
cable television/telecommunication systems; radio frequency and fiber
optic interconnect components for full service cable
television/telecommunication networks; and data cables and specialty
cables to connect internal components in systems.
To review a current H&S pattern on Amphenol's stock, please take a look at the 1-year chart of APH (Amphenol Corporation) below with my added notations:
APH had rallied from a low of $58 in October to a peak of $85 in July. Over the last (4) months the stock had created a very important “neckline” of support at $75 (navy), which was also a common area of resistance back in March-April. Above the neckline you will notice the H&S pattern itself (blue). Confirmation of the H&S occurred earlier in the week when APH broke its $75 “neckline”. So, the stock should be moving lower overall from here.
Keep in mind that simple is usually better. Had I never pointed out this H&S pattern, one would still think this stock is moving lower simply if it broke below the $75 support level. In short, whether you noticed the pattern or not, the trade would still be the same: On the break below the key $75 level.
The Tale of the Tape: After rallying higher for (10) months, APH confirmed a head & shoulders pattern. A short trade could be placed now, or could be entered on any rallies up to or near the $75 area. A significant break back above $75 could negate the forecast for a move lower.
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To review a current H&S pattern on Amphenol's stock, please take a look at the 1-year chart of APH (Amphenol Corporation) below with my added notations:
APH had rallied from a low of $58 in October to a peak of $85 in July. Over the last (4) months the stock had created a very important “neckline” of support at $75 (navy), which was also a common area of resistance back in March-April. Above the neckline you will notice the H&S pattern itself (blue). Confirmation of the H&S occurred earlier in the week when APH broke its $75 “neckline”. So, the stock should be moving lower overall from here.
Keep in mind that simple is usually better. Had I never pointed out this H&S pattern, one would still think this stock is moving lower simply if it broke below the $75 support level. In short, whether you noticed the pattern or not, the trade would still be the same: On the break below the key $75 level.
The Tale of the Tape: After rallying higher for (10) months, APH confirmed a head & shoulders pattern. A short trade could be placed now, or could be entered on any rallies up to or near the $75 area. A significant break back above $75 could negate the forecast for a move lower.
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