Friday, September 13, 2013

This Is Why The Price Of Gold & Silver Was Crushed Today

from King World News
Today one of the savviest and most well-connected hedge fund managers in the world spoke with King World News about the takedown in gold and silver. Outspoken Hong Kong hedge fund manager William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in his powerful interview.
Kaye: “The capping strategy is in place. There is no evidence as of yet that the Fed and the BIS, who I am certain are behind all of this, have the capability, even if they wanted to, to push things much lower because they don’t have the physical gold that would be necessary to be delivered.
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Johnson Controls Inc (NYSE: JCI)

Johnson Controls, Inc. engages in building efficiency, automotive experience, and power solutions businesses worldwide. Its Building Efficiency segment designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, as well as building management systems, controls, and security and mechanical equipment. This segment also provides technical services, energy management consulting, and operations of real estate portfolios for the non-residential buildings market. The company's Automotive Experience segment designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles serving original equipment manufacturers. The Power Solutions segment produces lead-acid automotive batteries, as well as offers absorbent glass mat and lithium-ion battery technologies for hybrid and electric vehicles.
To review Johnson's stock, please take a look at the 8-month chart of JCI (Johnson Controls, Inc.) below with my added notations:
8-month chart of JCI (Johnson Controls, Inc.) After breaking through the $38 resistance (blue) in July, JCI has hit a recent high of $42. During the last two months the stock has been stuck within a common pattern known as a rectangle. Rectangle patterns form when a stock bounces between a horizontal support and resistance. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. JCI's rectangle pattern has formed a $42 resistance (red) and a $40 support (green). A break above $42 would also be a new 52-week high, while a break below $40 should mean a minimum fall to $38.
The Tale of the Tape: JCI has formed a rectangle pattern. The possible long positions on the stock would be either on a pullback to $40, or on a breakout above $42. The ideal short opportunity would be on a break below $40.
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Best Biotech Stock: Pfizer or Bristol-Myers?: Pfizer (NYSE: PFE) ,Bristol-Myers Squibb (NYSE: BMY)

The concept of a stock war couldn’t be simpler.
Pit two companies against one another, conduct a blow-by-blow fundamental comparison of each, and (based on the results) pinpoint the most investment-worthy stock.
We use our seven guiding principles of dividend investing – plus one more key factor – to determine the winner.
Armed with the analysis, you can then consider buying the champion – or both, if it’s a close matchup. This time, I’ll be pitting together two companies from the pharmaceutical sector: Pfizer (NYSE: PFE) and Bristol-Myers Squibb (NYSE: BMY)(more)
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The Trouble With U.S. REITS

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Apple’s Supply and Demand Problem: AAPL

Last week on CNBC, I was asked to talk about the golden cross in Apple. To this day I don’t know who came up with this golden cross and death cross stuff, but I still haven’t seen any evidence that they lead to good entry points, long or short. To me,  the 50 day moving average getting above the 200 day doesn’t mean a thing. I’d much rather focus on the supply and demand.
When it comes to $AAPL, I think it’s very simple. After the initial collapse that started a year ago next week, Apple found support near the 500 level for a few months before breaking down once again at the end of January:
9-11-13 aapl
The way I see it, any attempt to get back above that 500 level should fail until that supply, formerly demand, dries out. And to keep things symmetrical, it should take a few months, not a few weeks, just like back in December and January. The 500 price is a big psychological barrier, but more importantly we know there is supply here. Once we get through last month’s highs, we know that the sellers are probably done.
I thought this was worth bringing up so that we take note of what’s happening between the buyers and sellers, instead of worrying about their new phone or whatever is or isn’t going on with them in China. Forget the company, this is a stock. And it’s only going up if there are more buyers than sellers. It’s that simple.
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Billionaire Sprott – Metals Smashed As West Hemorrhages Gold

from KingWorldNews:
I take a big macro view of gold here, and what I sense all along is that the Western central banks must really be running on fumes when it comes to (physical) gold. I must say that I am never disappointed by the data points that I see in physical gold.
For example, I just saw the Perth Mint, their gold sales were up 50% and the silver sales are up 70%. The Bank of England, the Royal Canadian Mint, all of the sales are up and getting into seriously high numbers. All the while, this is all predicated on the gold and silver supplies hardly going up at all.
In fact, I think the gold supply will be down this year from maybe even back to (the year) 2000.
Eric Sprott continues @
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Computer Sciences Corporation (NYSE: CSC)

Computer Sciences Corporation provides information technology (IT) and professional services and solutions in North America, Europe, Asia, and Australia. The company's Managed Services Sector segment offers IT outsourcing services that involve customer's technology infrastructure, including systems analysis, applications development, network operations, end-user computing, and data center management. Its North American Public Sector segment provides systems integration and outsourcing, and complex project management and technical services, such as enterprise modernization, telecommunications and networking, managed services, base and range operations, and training and simulation services for government agencies, as well as the department of homeland security and NASA. The company's Business Solutions and Services segment offers consulting and professional services that include advising clients on the strategic acquisition and utilization of IT and on business strategy, security, modeling, simulation, engineering, operations, change management, and business process reengineering; and systems integration services, which comprise designing, developing, implementing, and integrating information systems, as well as intellectual property-based software.
To review Computer's stock, please take a look at the 1-year chart of CSC (Computer Sciences Corporation) below with my added notations:
1-year chart of CSC (Computer Sciences Corporation) CSC had worked its way higher from its $30 bottom in October up until its peak in March. Then, for about (5) months the stock had been stalling at a $50 resistance (navy), which was also a 52-week high resistance. Finally, in the beginning of August CSC broke through that $50 resistance. The stock has pulled back down to that $50 level, which should now act as support.
The Tale of the Tape: CSC broke out to a new 52-week high and now seems to be pulling back. A long trade could be made at $50 with a stop placed below that level. A break below $50 would negate the forecast for a continued move higher.
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