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David at Imperial Beach  

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  • In Praise Of Price Discovery-- The Market Is Off Its Lithium [View article]
    No clue what the last chart is supposed to represent. Draghi's credibility?
    Jan 20, 2015. 07:35 PM | Likes Like |Link to Comment
  • The Swiss: Frankly Europe, We Don't Give A Damn [View article]
    "a close referendum to back its currency with gold"? The gold initiative obtained only 22.7% of the votes. That doesn't rate as close, I don't care who you are.

    For me, part of the surprise is that after that overwhelming victory at the polls, the SNB chose to voluntarily abandon the policy that gave rise to the referendum initiative in the first place. They could have avoided the expense of the referendum and the campaign to defeat it if they had acted earlier.
    Jan 20, 2015. 05:27 PM | Likes Like |Link to Comment
  • Why We Need A Little Amazon Right This Very Minute [View article]
    Bezos angelic? Come again?
    Jan 20, 2015. 01:13 PM | 3 Likes Like |Link to Comment
  • SPDR Gold Trust assets surge [View news story]
    Yeah gold! I said last year that the gold market was in equilibrium at $1300 and excursions below that were unjustified. We're back!
    Jan 20, 2015. 12:40 PM | 1 Like Like |Link to Comment
  • What Did Tesla Tell Its Analysts And Largest Shareholders? [View article]
    The linked Bloomberg video makes clear that no new disclosure was ever intended. What Musk said should have been no surprise to anybody since it was entirely in line with everything the company has said on more formal occasions. The company cannot control the fact that analysts have their own ideas and prefer to publish those ideas rather than what the company has actually said.

    What has the company consistently said that is equally consistently being ignored? Tesla says it master plan is to minimize capital requirements by reinvesting the earnings from the Roadster to grow the company and develop and bring to market the Model S and X. (They did just that.) In turn, the earnings from the Model S and X will be reinvested in the Model 3. Along the way, of course, the global Tesla organization must grow significantly to support the more mass market vehicles. Thus, it should come as no surprise if there are no reportable returns to investors (GAAP or otherwise) until after the Model 3 is established in the market. Elon Musk's remarks and clarifications are entirely consistent with that context. (It should be noted that the gigafactory is an explicit exception to this strategy in that it required an additional debt issuance in order to be in production in time for the Model 3.)

    The author makes a mountain out of a molehill. If he (or any investor) has genuine questions he or she should avail themselves of Tesla Investor Relations and find out the answers to their questions instead of writing accusatory articles in Seeking Alpha.
    Jan 20, 2015. 12:26 PM | 34 Likes Like |Link to Comment
  • Tesla Posts Best U.S. Sales Month Ever, But The Overall EV Market Suggests Trouble Ahead [View article]
    Why would any auto manufacturer even consider producing vehicles that use hydrogen as a fuel source? The media practically murdered Tesla over three battery fires. Hydrogen is extremely flammable and invisible and odorless to boot. Because of the small molecule size it is also extremely hard to contain. It really isn't a fuel that should ever be considered for consumer use. You can't just pour it into a tank like you can with a liquid fuel like gasoline. It's a gas that has to be forced into the small volume tank size that's practical on a vehicle at tremendous pressure. I would never consider such a vehicle for my own use.
    Jan 16, 2015. 12:39 PM | 1 Like Like |Link to Comment
  • Tesla Posts Best U.S. Sales Month Ever, But The Overall EV Market Suggests Trouble Ahead [View article]
    The EV1 cancellation may have been the worst at the time, but that was before the ignition switch story broke.
    Jan 16, 2015. 12:08 PM | Likes Like |Link to Comment
  • Tesla Posts Best U.S. Sales Month Ever, But The Overall EV Market Suggests Trouble Ahead [View article]
    It should be noted that any car designed for American derrieres and legs will fit the average Chinese quite comfortably since they are nowhere near as bulky as the average American.
    Jan 16, 2015. 11:59 AM | 3 Likes Like |Link to Comment
  • Tesla Posts Best U.S. Sales Month Ever, But The Overall EV Market Suggests Trouble Ahead [View article]
    He can't have a very productive life, since he pounces on every Tesla article within seconds. I wonder if his wife can even get him to unglue his eyes from the computer long enough to make love to her.
    Jan 16, 2015. 11:52 AM | 2 Likes Like |Link to Comment
  • Gold: $1,200 Production Break Even Level Held In 2014, Only Way Is Up [View article]
    "I personally expect that it will be triggered by a spike in oil prices from current low levels, to somewhere far above the $100/barrel plateau level we became accustomed to in past few years." You need to set more groundwork for this surprising conclusion. We aren't going to see any reversal in oil prices until one or more producing countries start cutting back on production.
    Jan 16, 2015. 11:34 AM | Likes Like |Link to Comment
  • Has Demand For Stocks Dried Up? [View article]
    You got a reference for your long term and short term money flow figures?
    Jan 16, 2015. 11:03 AM | 1 Like Like |Link to Comment
  • Why Friday Will Be Tough Trading [View article]
    You seem to have cause and effect reversed. How could the oil price war "lead to a euro drop and EZ recession"? It's the recession (in Europe and elsewhere throughout the globe) that reduces oil demand and is the proximate cause of the oil price war. If there was enough demand for everybody to sell their oil at the previous price around $100 per barrel, then we would not be having an oil price war!
    Jan 16, 2015. 10:47 AM | 1 Like Like |Link to Comment
  • Late Stage Bull Markets: The Myth Of Stock Superiority? [View article]
    "stocks may require an indirect boost from members of the U.S. Federal Reserve Open Market Committee. Specifically, the stock market may need to hear something that suggests impending rate hikes will be pushed back into Q4 2015 or Q1 2016" That would be a game changer even more dramatic than today's Swiss frank revaluation. The dollar will fall dramatically if the Fed puts off or eliminates the interest rate hikes it's committed to.
    Jan 15, 2015. 07:51 PM | Likes Like |Link to Comment
  • Yes, The Dollar Is A 'Crowded Trade' - But Not In The Manner Most Think [View article]
    How about showing us some numbers? Yes, there's a lot of dollar denominated debt in the world, but there's also a lot of dollars and dollar denominated assets being held by foreign central banks and others outside the US. The US has run a trade deficit for decades--consistently since 1976 to be exact. (See ) This means that people in the rest of the world have accepted more dollars in payment for their goods and services to us than they've bought of our goods and services, and eventually they should want to spend those dollars on US goods and services. I don't see how the rest of the world can possibly be short US dollars when we've been running a trade deficit all these years. We simply haven't loaned out enough dollars to the rest of the world to balance out our trade.
    Jan 15, 2015. 03:13 PM | 2 Likes Like |Link to Comment
  • Did The Bear Market In GLD End With A Whimper? [View article]
    At this point yes, you ignore the emotional pain you're feeling, knowing that Rule and Sprott have the long-term numbers on their side. If you sell at or near a market bottom, you convert your paper loss into a real loss. If you hold on, the market will shift after the capitulation and you will be vindicated for following Rule and Sprott. Given the impending implosion of the euro, it's surprising how stable gold has been this last year. It's held up much better than most commodities, indicating a fundamental underlying strength.
    Jan 15, 2015. 02:38 PM | Likes Like |Link to Comment