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David Urban

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  • Pan American Silver Turns The Corner [View article]
    First Majestic just purchased Orko Silver in a fantastic deal.
    Dec 16 09:13 PM | Likes Like |Link to Comment
  • US Dec Flash PMI Manufacturing rises to 54.2 vs 52.4 in Nov. Output 55.1 vs. 53.5 in Nov. New Orders 54.8 vs. 53.6 in Nov. Employment 54.4 vs. 52.6 in Nov. (PR[View news story]
    Would love to know how their methodology differs from the ISM which is showing contraction.
    Dec 14 10:15 AM | 3 Likes Like |Link to Comment
  • More from the Fed: The FOMC has adopted economic thresholds for when it would commence tighter policy. The fed funds rate will remain at exceptionally low levels as long as unemployment remains above 6.5% and inflation is expected to be no more than 50 basis points above the 2% target rate. [View news story]
    So true, the only way to get benefits now is to do nothing which creates a dependency.
    Dec 13 05:52 AM | Likes Like |Link to Comment
  • More from the Fed: The FOMC has adopted economic thresholds for when it would commence tighter policy. The fed funds rate will remain at exceptionally low levels as long as unemployment remains above 6.5% and inflation is expected to be no more than 50 basis points above the 2% target rate. [View news story]
    I am just waiting for that bubble to pop. Can you imagine the bloodbath if interest rates were to rise?

    It may take years but will be fun to watch.
    Dec 13 05:51 AM | Likes Like |Link to Comment
  • More from the Fed: The FOMC has adopted economic thresholds for when it would commence tighter policy. The fed funds rate will remain at exceptionally low levels as long as unemployment remains above 6.5% and inflation is expected to be no more than 50 basis points above the 2% target rate. [View news story]
    What do you mean prevent? They are creating the dislocations.
    Dec 12 02:17 PM | 1 Like Like |Link to Comment
  • Thoughts On Gold Price Manipulation [View article]
    Downside pressure is from end of year tax selling.
    Dec 11 11:19 PM | Likes Like |Link to Comment
  • Latin American central banks - of all places - have caught the gold bug, with Brazil, Paraguay, Argentina, and Colombia joining Mexico in adding to their reserves of the metal. Brazil seems to the best candidate for significant future purchases, with its gold stash at just 0.8% of reserves, and the central bank looking into diversification. [View news story]
    That was about a year ago.

    We are nowhere near the end of this bull market.
    Dec 10 01:30 PM | Likes Like |Link to Comment
  • Technology 2013: The Gladiators Have Entered Into The Ring [View article]
    It is easy to rise by 40% when you are coming off a low level like Nokia.

    In terms of Apple falling, this is more due to tax selling ahead of a possible rise in capital gains rates. If you have a very profitable position it makes sense to take the gains now and reenter 30 days later rather than hold and get hit with a higher tax bill later on.
    Dec 7 11:04 AM | Likes Like |Link to Comment
  • Technology 2013: The Gladiators Have Entered Into The Ring [View article]
    I agree with you on NOK. They need to break that barrier and get a lot of push. Until then the market is taking a wait and see attitude.
    Dec 7 11:02 AM | Likes Like |Link to Comment
  • Gold gets a downgrade at Goldman Sachs, the firm lowering its 2013 end-of-year price forecast to $1,800/oz., and 2014 to $1,750. "We see growing downside risks ... the gold outlook is caught between the opposing forces of more Fed easing and a gradual increase in U.S. real rates on better U.S. economic growth." [View news story]
    Tax selling related to the end of the year. This happens after Thanksgiving almost every year.
    Dec 7 11:01 AM | Likes Like |Link to Comment
  • Technology 2013: The Gladiators Have Entered Into The Ring [View article]
    I don't see an error. Just a difference of opinion. If Nokia was a pioneer in smartphones then how did they miss the market shift away from clamshells and candy bar phones?

    When the iPhone was released it redefined and created a new consumer product category. That is pioneering.

    Nokia for years ignored the product shift continuing to push ahead with their clamshells and candy bar phones. That is not pioneering.

    Maybe they held patents on some key technology but if that technology goes unused then it is not pioneering.

    Apple pushed the smartphone into the mainstream and handset makers followed, with the exception of Nokia. Google created Android to counter the growth of iOS and capture market share in a new ad market. They gave it away for free to get market acceptance and transfer their search knowledge to a new, emerging market.

    I am not sure what Nokia pioneered but in the last five years their stock price has gone from $30 to under $4. Whatever they pioneered certainly did not help their bottom line and stock price.
    Dec 6 01:54 PM | Likes Like |Link to Comment
  • Technology 2013: The Gladiators Have Entered Into The Ring [View article]
    I think Apple wanted to get out from under Google's umbrella with respect to search. Maps and Youtube were removed because their contracts were up and extending the contracts would have meant a few more years before the switch could have been done.

    I think Apple took the risk of releasing a good but not Apple good product.

    The whole point of getting out from under Google's umbrella is to bring that search revenue from maps into Apple rather than see it flow to Google.

    It was a risk that did not work out in the short-term but if the Maps software is up to par in a couple of years and they monetize results then it will have been worth it.
    Dec 6 11:08 AM | Likes Like |Link to Comment
  • Technology 2013: The Gladiators Have Entered Into The Ring [View article]
    As for RIMM and Nokia, both will be buys when they actually produce a hit product. They missed the smartphone revolution and have been trying to play catchup over the past few years.

    I had people screaming that Nokia was a value stock six months ago and the stock just kept cratering.

    Both stocks remind me of value traps. They are cheap but they are cheap for a reason.
    Dec 6 09:15 AM | Likes Like |Link to Comment
  • Technology 2013: The Gladiators Have Entered Into The Ring [View article]
    If Nokia pioneered smartphones then why did they completely miss the transition from handsets to smartphones?
    Dec 6 09:12 AM | Likes Like |Link to Comment
  • Gold gets a downgrade at Goldman Sachs, the firm lowering its 2013 end-of-year price forecast to $1,800/oz., and 2014 to $1,750. "We see growing downside risks ... the gold outlook is caught between the opposing forces of more Fed easing and a gradual increase in U.S. real rates on better U.S. economic growth." [View news story]
    You need to go back over the last 10 years and look specifically at trading data on Tuesday's between the hours of 10 AM and Noon.

    There are a number of occasions when the gold and silver prices walk off a cliff losing 1-2% for no apparent reason starting precisely at 11AM.

    That is where the manipulation argument comes from.
    Dec 6 09:02 AM | Likes Like |Link to Comment
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