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David at Imperial Beach

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  • Tesla Lowers Ambitions [View article]
    What the cars are delivered with today is the hardware needed for a reasonably comprehensive autopilot. The software will be downloaded as it becomes available, just like with many other software features that have been added after the sale to existing Teslas.
    Nov 20, 2014. 03:27 AM | 2 Likes Like |Link to Comment
  • Tesla Lowers Ambitions [View article]
    There is no dumping of inventory, sorry to report. There's not a lot of inventory to dump in the first place, and no extraordinary discounting ("dumping") is taking place with the demo units and loaner units that are in inventory.
    Nov 20, 2014. 03:24 AM | 1 Like Like |Link to Comment
  • Tesla Lowers Ambitions [View article]
    Come to San Diego and discover that your fantasy land is real.
    Nov 20, 2014. 03:19 AM | 1 Like Like |Link to Comment
  • The Future Of Gold - Quantified Mathematical Probabilities [View article]
    Good analysis, but note that your last chart (gold supply) shows that total gold supply is already coming down. The miners produced more up to the end of the graph, but central banks stopped selling in 2010 and became net buyers, and then since 2011 recyclers have had to cut back because they aren't finding enough used gold to process. Physical gold even now is in short supply. GOFO rates are once again negative and going more negative by the day This indicates that bullion banks are not finding enough available physical gold to cover their short positions.
    Nov 19, 2014. 11:59 AM | 3 Likes Like |Link to Comment
  • Senate fails to approve Keystone XL pipeline [View news story]
    They just re-reported the facts and pointed to the Bloomberg article. Are you saying the Bloomberg article had no relevance to investors? I think you have your head in a bucket of tar sands.
    Nov 18, 2014. 08:43 PM | 2 Likes Like |Link to Comment
  • Kandi Technologies - Highlights Of The Second U.S. Investor And Analyst Conference [View article]
    Yeah, Mukticat, incredible is the word. (Incredible, as in not worthy of credulity, hard to believe, unbelievable.) It looks to me like Kandi is imitating Tesla to the maximum extent possible using only chewing gum and duct tape. Note the big tablet screens in each of the new interiors above. Note the 2000 EVs per month, 100000 per year production target. Note the claimed 300 miles of range. Note the claim of targeting the upper middle class. Note the claim of possible worldwide sales. It remains to be seen how many of those claims can actually be backed up by execution.

    I'm not waiting with bated breath. I don't think the upper middle class really wants to drive around in rented city cars. They've earned a bit of luxury in their lives, and I think they're far more likely to want to drive a Tesla or an Audi (or be driven in one).
    Nov 18, 2014. 11:30 AM | 4 Likes Like |Link to Comment
  • Silver: Signs Of Life [View article]
    Unless some more physical gold comes flooding into the market, the price must go up. The GOFO rate is currently negative again, and getting more negative by the day. I don't try to track silver separately. Silver probably will stay in a bear market until it becomes obvious that gold is moving higher and it's not just a head-fake. But it's perfectly obvious to those of us who follow the GOFO that the current low gold price is stimulating demand to the point that it exceeds readily available supply.

    The US economy is supposedly much stronger than the rest of the world. At least that's what the media wants us to believe. But the global economy is crashing, and the US economy can't be that far behind for structural reasons. We simply aren't that isolated from the rest of the world. A currently strong dollar is making our economy look much better than it really is. In reality, we're just barely growing. And most of the growth that does occur here in actuality helps China, not us, because we don't do our own manufacturing of most consumer goods any more.
    Nov 18, 2014. 03:00 AM | Likes Like |Link to Comment
  • Should Dividend Investors Own Non-Dividend Paying Stocks? [View article]
    Please consider writing your own article. You answered the question asked by the title of this article better than the author did.
    Nov 18, 2014. 02:20 AM | 1 Like Like |Link to Comment
  • Why Apple Should Not Buy Tesla Motors [View article]
    I doubt very much that Elon Musk would stay on after a hostile takeover of his company. He's running Tesla because he can't find anybody else good enough to take the top job at Tesla. But he intends to find someone else to run Tesla after release of the Model 3.
    Nov 17, 2014. 12:25 PM | 1 Like Like |Link to Comment
  • Why Apple Should Not Buy Tesla Motors [View article]
    Tesla is already able to attract the top automotive and battery production talent just on the strength of its innovation. They don't need Apple's money to hire top talent.
    Nov 17, 2014. 12:20 PM | 3 Likes Like |Link to Comment
  • Why Apple Should Not Buy Tesla Motors [View article]
    Actually, Tesla owners tend to be older and richer than iPhone users. Many Tesla owners may also own an iPhone, but most iPhone users can only salivate over a Tesla and go back to driving their 10 year old Honda Civic.
    Nov 17, 2014. 12:17 PM | 3 Likes Like |Link to Comment
  • Why Apple Should Not Buy Tesla Motors [View article]
    "Apple buying Tesla is like Apple buying a rocket company..." yet we never seem to hear of rumors of Apple buying SpaceX.
    Nov 17, 2014. 12:14 PM | Likes Like |Link to Comment
  • GLD - Why Gold Is So Volatile Lately [View article]
    "The strengthening dollar has weighed on a slew of commodities priced in dollar terms, and especially so on gold due to its increasing importance to global currencies." Actually, gold has held up better than some other key commodities, in particular Brent crude and WTI crude. The reason for this is quite clear. Physical gold remains in short supply and demand in Asia (China and India in particular) is robust. GOFO rates are once again negative and getting more negative by the day. This is indicative of bullion banks unable to cover their shorts without an infusion of gold from other sources.
    Nov 15, 2014. 12:33 AM | 6 Likes Like |Link to Comment
  • Tesla Motors: Tackling The Manufacturing Issue [View article]
    I don't see anywhere that Tesla has reported spending $9M on advertising and promotion in 2013, and for sure it's not advertising at all this year. Just because it's been reported on the valuewalk website doesn't make it true.
    Nov 15, 2014. 12:21 AM | 11 Likes Like |Link to Comment
  • Berkshire ups GM stake, exits Deere, buys into Express Scripts [View news story]
    Probably Buffett likes GM better than F because GM's market cap is smaller than F, yet it's selling more cars and is way ahead in China, where F is still playing catch-up. I'm impressed that Mary Barra has set about righting the wrongs at GM and getting all the skeletons out of the closets and into graves where they belong. GM will eventually regain its reputation for excellence if she stays the course.

    I think Buffett's sale of DE is quite short-sighted. DE is an excellently managed company. See It may be true that ag commodities will be under pressure along with all other commodities, but that's only a temporary phenomenon. Buffett should know that better than anybody.
    Nov 14, 2014. 11:47 PM | 1 Like Like |Link to Comment