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Tom Luongo  

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  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @SW MY best advice is physical gold stored outside the banking system. Otherwise, I like the Central Fund of Canada (CEF) as the closed-end fund of choice for a number of reasons.
    Mar 5, 2014. 10:16 AM | 1 Like Like |Link to Comment
  • AMD's Dual Graphics: Power And Efficiency For Mobile Computing [View article]
    @6228371 Trading in such a tight band indicates a lack of conviction on both sides, bulls and bears. The bears don't want this to get away from them but the bulls want someone else to 'go first' and push the stock away from its fair value. So, until something changes we'll do this until the supply of one dries up.

    If y'all didn't see Charlie's latest at S/A about the Tegra K1 I suggest reading it and all other recent NVDA posts over there. It's pretty obvious that this is a non-competitive part and the reason why they are shifting their focus away from mass consumer markets with it.

    http://bit.ly/1ncjMD3
    Mar 5, 2014. 09:52 AM | 4 Likes Like |Link to Comment
  • AMD's Dual Graphics: Power And Efficiency For Mobile Computing [View article]
    @Sean Maxwell is indeed good on power consumption. But, the rest of NVDA's product mix is very suspect. Moreover, we would expect a significant move in some aspect of their performance with a new chipset. But, at a performance/dollar level Maxwell is not a winner yet. 20nm will be interesting but then so will GCN.

    The R7 250? At $90 I agree with you. At the price point it is moving to...$60, not so much. The kicker will be when AMD supports a Kaveri A10 with the 250x (512-640 shaders), giving you a low, wide graphics pipeline that is scalable with clock speed. Kaveri's GPU is more than capable of overclocking to 1GHz without a voltage change. If the DG driver is normalizing the clock speed then this a path to really good performance on the cheap with any of the sub $100 cards.

    If anyone finds DG results with OC'd GPUs please post them here. I don't have the hardware (or the software) frankly to do it myself.
    Mar 5, 2014. 09:31 AM | 2 Likes Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @Eagle I would say that today's action should speak otherwise. If gold pushes through the $1360 area that would be a very important technical move. But, if you don't think Friday's close wasn't wholly designed by the Fed and the PPT then I have a bridge to sell you. *grin*

    As for shorting the S&P instead? I won't argue that point, you may very well be right. Good luck.
    Mar 3, 2014. 10:31 AM | Likes Like |Link to Comment
  • New Technology Proving Its Worth For Advanced Micro Devices [View article]
    @Digi I've had good luck OC'ing the GPU to nearly 1.1GHz without bumping the voltage. FYI.

    Also, for coin mining purposes I just ran a kill-a-Watt meter on my box with both a 7850K and 260x. The results are:

    7850k -- 105Khashs @720MHz, 2400MHz memory, @68W or 1.875Khash/watt.
    R7 260x -- 200Khashs @1188MHz, 102W or 2.222Khash/W

    These were measured after a clean reboot of Win 8.1 and CPU/GPU usage was 0% sitting at the desktop for 2 minutes. Average system draw was 72W with monitor. W/o monitor system usage dropped to 60W. Base draw before power on was 23.1W The 7850K then drew a total of 140W and the R7 260x drew 174W total when run independently. Together both mining drew 237W total.

    I have a 7700k in my other box that is pushing 80Khashes with 2133MHz memory OC'd to 862Mhz. I have not put the meter on that yet.

    Also, dual GPU mining is much more stable under Catalyst 14.2 than 14.1 which would crash nearly immediately.
    Feb 28, 2014. 06:58 PM | 1 Like Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @Sho Sure. We saw this in Vietnam, India and Thailand recently. Turkey as well, has been bringing in tons of gold due to a fallling Lira and unstable banks looking to shore up capital reserves.

    Only in the West is gold not a Tier I capital asset, which of course is both a joke and a means to keep demand within the banking system low.
    Feb 28, 2014. 02:58 PM | 1 Like Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @Bird Because dollars are currency and gold is insurance. DUring currency crises the dollar is mostly still accepted for payments the same way gold was before the era of central banking. Gold rarely changes hands to buy goods and services anymore since it is consistently under-valued, ie. actively suppressed by its competition, the central bankers.

    As for the Yuan, your points are valid but I was responding to the commenter who said the Euro and the Yen were not important in determining these mysterious price movements. If anything the Yuan devaluing will help the PBoC buy more with its dollar reserves versus the general public, if you want to talk real effects, but even that is slim.
    Feb 28, 2014. 02:56 PM | Likes Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @Dbest there are $7 billion in UKrainian bonds maturing in June that say otherwise. Remember Greece?
    Feb 28, 2014. 11:50 AM | Likes Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @Bill $1325-$1330 is an important area on the chart. Ideally, a close above $1330 would be great today. Anything above $1290 is really a victory for February.
    Feb 28, 2014. 10:21 AM | 1 Like Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @Bird And that is still not a significant driver of the international price of gold because gold is not bought directly from suppliers with Yuan. If there was any practical validity to that argument then gold would have risen during 2012 and 2013 when the Yuan was rising significantly.

    The Yuan moving 1-2% is nothing for the Chinese consumer. When supply is tight they will gladly pay 10-15% over spot for physical gold.
    Feb 28, 2014. 08:22 AM | 1 Like Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @BirdMan I too have been watching this market for a long time... since 2000 and, historically, it lags and then catches up. It may turn first but it almost always underperforms gold when the safe-haven trade starts. The historic chart of the S/G ratio is pretty clear on this
    Feb 28, 2014. 08:19 AM | 1 Like Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @User Silver is rising but it always is more volatile than gold in both directions. MY last article covered some of the reasons why and what's happening in the commodity space overall. They move almost in lock-step with each other, but silver always lags gold in magnitude whenever a rally begins. As gold gets expensive people rotate into silver and it then catches up, overshoots, and settles back.

    Silver will be fine. It's fundamentals are as good if not better than gold's. But, you have to be both patient and willing to endure the volatility.
    Feb 27, 2014. 03:39 PM | Likes Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    @David But the price of gold and the risk-on/risk-off dynamic is driven by the Yen and the Euro.. .specifically the EUR/JPY cross. This is the fulcrum on all carry trades into and out of emerging market currencies and the USD which is the primary driver for gold.

    The Yuan is important but not in an exchange rate sense at this point. The PBoC will let it float eventually. The most enthusiastic buyer in CHina is the PBoC itself and they have the dollars, yen and euros to buy the gold over here and send it over there. Only then does the Yuan enter the picture as all gold flows through the Shanghai exchange and that market is settled in Yuan/RMB
    Feb 27, 2014. 02:41 PM | Likes Like |Link to Comment
  • AMD Shores Up Balance Sheet Amid Product Leaks [View article]
    Hit AMD's website and the IR portion... it's easy enough to find if the link I gave isn't quite working. Kumar said the same things during the earnings call. Again, all of this is old news and you question it simply because you won't do your own DD but rather think we have to do it for you.
    Feb 25, 2014. 09:04 AM | 1 Like Like |Link to Comment
  • AMD Shores Up Balance Sheet Amid Product Leaks [View article]
    @Inside Apple would be AMD's first customer in supply cards. FirePros are pretty much rebranded R9 290x's and sold as professional cards with much higher margins.

    So, it is absolutely in AMD's best interest to sell through to Apple first, and I'm sure that Apple secured that first supplier in the contract, and everyone else second. But, there are other shortages in the supply chain, GDDR5 after the Hynix fire for example, that may be at work here.
    Feb 25, 2014. 09:02 AM | 1 Like Like |Link to Comment
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