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David at Imperial Beach  

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  • Watch As Apple Hoses The Music Industry Yet Again [View article]
    I'm not alone in getting rid of cable TV. Now I watch Youtube when I want to watch video. Hulu, Vimeo and Yahoo Live are also possibilities.
    Oct 20, 2014. 02:28 PM | 1 Like Like |Link to Comment
  • Gold - Continues To Hover Just Below Key Level At $1240 [View article]
    That's because there are so many ways for chartists to find "key levels". Draw any line that intersects one or more tops and bottoms and you have a key level. In addition, various "significant" percentages above and below key levels are also key levels. Add to that, all the simple moving averages for various time periods also define key levels. Bollinger bands at various standard deviations also define key levels.
    Oct 20, 2014. 02:03 PM | Likes Like |Link to Comment
  • What Is Going On In The U.S. Bond Market? [View article]
    These super-low yields only make sense if investors are buying bonds for reasons other than the yields themselves. One possibility is that overseas investors have been buying US treasuries as merely a place to park their capital in the US as they make bets on the dollar rising. In other words, these investors aren't expecting to make any money on the bond yields, but rather on dollar appreciation. They could also be making money on appreciation of the bonds themselves.
    Oct 20, 2014. 01:44 PM | 4 Likes Like |Link to Comment
  • San Francisco Fed Head Hints At A New Round Of QE [View article]
    The way to stop the dollar flood overseas is to bring some manufacturing back home. That happens with a weak dollar, not a strong dollar.
    Oct 20, 2014. 12:35 PM | Likes Like |Link to Comment
  • San Francisco Fed Head Hints At A New Round Of QE [View article]
    If the Fed prints money fast enough, velocity doesn't have to increase.
    Oct 20, 2014. 12:31 PM | 1 Like Like |Link to Comment
  • Ebola And Leverage Are A Toxic Combination [View article]
    Ebola is just one factor in a perfect storm. It has the potential to disrupt travel and healthcare in ways that flu and pneumonia do not. Entire nations could suddenly find themselves quarantined off. But more importantly, Ebola is a black swan flying at a time when the stock market is at an all-time high and heavily overvalued. Add to that the fact that the Fed is terminating QE and talking about raising interest rates. Add to that that the dollar has risen and added a braking effect to the global economy. Add to that, Europe and Japan were already experiencing deflation and zero or negative real growth.
    Oct 20, 2014. 12:25 PM | Likes Like |Link to Comment
  • Chinese Gold Production Falling As Physical Demand Jumps [View article]
    Any game changing technology will surely be more expensive than current exploration/extraction technology, just like current technology is more expensive than past technology. This is a universal truth that applies to fracking as well as gold.

    One of the reasons why gold holds up well in deflationary times is that uncertainty and volatility in other assets always accompany deflations.
    Oct 20, 2014. 11:29 AM | 1 Like Like |Link to Comment
  • Extreme Gold/Silver Futures Shorting Peaks, Covering Nears [View article]
    So you think that somehow it's different this time? Good luck with that.
    Oct 20, 2014. 11:17 AM | 1 Like Like |Link to Comment
  • Extreme Gold/Silver Futures Shorting Peaks, Covering Nears [View article]
    Look at the underlying cost structure. Gold is not in a bubble now because there is no more sustainable downside left. GLD had a massive sell-off last year, so yes, it is despised.
    Oct 20, 2014. 11:15 AM | 1 Like Like |Link to Comment
  • Greatest Surprise Now In Progress: Gold Up, Stocks Down [View article]
    Good question. Ask yourself, who buys gold, but not gold mining stocks? The answer is Asians. They are big gold buyers at these levels, but they aren't interested in mining companies at all. But there's very little downside left to the miners, and lots of upside. The miners will follow gold up.
    Oct 17, 2014. 04:46 PM | 3 Likes Like |Link to Comment
  • Don't Fret Over The Participation Rate [View article]
    It doesn't matter how fast the 25-54 age group is growing (or not growing), a 2% decline is a decline in the participation rate in an age group that has no baby boomer retirement. And the decline in age group 16-24 is even worse and it also has no boomer retirement. Furthermore, boomers in the 55+ age group are increasing their participation! Your thesis is directly refuted! The boomers have been holding onto their jobs and it is the younger generations that are taking it in the shorts. The truth is that the economy has not been adding jobs as fast as the population has been adding people, and boomers are having to delay their retirement because they have insufficient savings.
    Oct 17, 2014. 12:12 PM | 4 Likes Like |Link to Comment
  • Tesla Motors calls out Michigan politicians [View news story]
    Under the harsh terms of the amendment, Tesla can't even operate service centers in the state!

    However, the words dealer and location are not defined in the legislation, but a reasonable interpretation of the bill would define a dealer as one holding a dealer agreement, and location would mean corporate domicile. If those interpretations are upheld in court, then there is no "dealer" because there is no dealer agreement. If they insist that Tesla is a dealer even without a dealer agreement, then there is a provision of the legislation that says the entire legislation does not apply to dealers not located in Michigan. Since Tesla is the "dealer" as well as the manufacturer, and the dealer is located in California (headquarters office) and Delaware (state of incorporation), the law does not apply to Tesla!
    Oct 17, 2014. 10:58 AM | 9 Likes Like |Link to Comment
  • The Sell-Off Is Noise, Do Nothing [View article]
    What happens to the ERP when liquidity drys up and companies stop borrowing money to buy back their stock and artificially boosting their EPS?
    Oct 16, 2014. 10:59 PM | Likes Like |Link to Comment
  • Near-Term Dollar Outlook [View article]
    The dollar has been bid up to unsupportable levels and needs to come back down to where it was 3 or 4 months ago. More adjustment to come.
    Oct 16, 2014. 10:49 PM | Likes Like |Link to Comment
  • Deflation + Volatility = Bull Market In Gold [View article]
    The Fed is deathly afraid of deflation and will feel like they have no choice but to aggressively balloon the monetary base in an effort to keep prices stable. Thus, both deflation and inflation are bullish for gold. Remember the deflation of 2008? Happened right in the middle of a decade long bull market in gold, and it disrupted that bull market for only 6 months before the Fed had pumped enough cash back into the system. By the end of the year, gold was up on the year while stocks were down.
    Oct 16, 2014. 10:42 PM | 1 Like Like |Link to Comment