I love how you state you have no position in this company but you took the time to take a short position a couple months ago, and now took the time to write a horrendous article about the company.
Funny how you say the company is a dog when they posted record sales last quarter and have 78% of their product spoken for.
With all your negative bashing aside, let us look at the numbers. They are on track to do great this year, but to no end will you admit such. Frankly, your credibility is blown Matusow.
sorry guys, with all the world slowing down, and nike, ford, etc...all showing massive loses on europe the economic activity is slowing, china has a glut of the metals...and silver is losing its place...and todays false rally will be hurtful on monday when silver continues its retreat downward....i sold my silver today
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
EU Summit Agreement Bogus: Global Bear Market To Resume [View article]
we think this is a good level to sell the euro. many short were covering this morning, but from our office Germany the people and politicians are pushing back on the proposed EU agreement. Come monday, the banking powers have announced their outrage, via Cc'ed emails. Get ready for those who exited their short position to wish they never had.
Official projections show the establishment (pro-bailout) parties - New Democracy and Pasok - with enough seats to form a government in Greece. New Democracy is projected at 30.1%, Syriza at 26.5%, Pasok at 12.6%. Pasok indicates it will provide the votes to create a majority but will not take part in the government, reports Dow Jones. The euro is buying $1.2705 vs a Friday close of $1.2638. [View news story]
after all is said and done....Germany will be bankrupt in 2 years....as all these others have loaded them up with debt that can never-ever be repaid....its a fools game and investors are starting to catch on....
Simple, at the time they didn’t have the sales-to-P/E’s to support the price…given the new last quarter sales and 4th quarters sales coming out shortly, and the reported pre-sales (which are huge!), they will have the foundation for the stock price going forward…
And “No”, I do not believe you don’t have a position…
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
come'on rummel! gold was at 1900 last august...so I can see where these call are coming from, but its pretty wimpy for you to whine about those call now...
lets be realistic, nothing moves in a straight line, but some things can really move when the momentum gets behind it, look at natty now at $3 bucks, - so when people see the gold play again it will come back in full force....
Gold can't hold onto gains despite monetary spigots opening everywhere, falling especially quickly following the timid move by the ECB, now -0.5% to $1,612. [View news story]
S&P 500 gives up small gains, now -0.4% following the big ISM miss. It's the first print under 50 since July 2009. The sharp decline in New Orders (to 47.8 from 60.1) looks to be behind the big move. "Slowing world economies, particularly China, are reducing Q3 and later orders and drastically dropping some raw materials prices," goes a sample respondent quote. [View news story]
The new orders going from 60.1 to 47.8 is extremely concerning. If we had to look at this from a 'knock-on' effect we would say that China is getting hit by the Europe recessions, and this causes less feel good in their real estate, whereas the U.S. is dealing with a bank balance sheet weakness from unknown risks on loans that are not being marked to market, coupled with higher taxes in the u.S. and less gov speninding coming next year, then Europe is in a nightmare which we export to so the negative swirl is continue but now it is so much worse.
We can only see things getting worse...thus, if you see the industrials hitting lows or heading down we see the % factors for lower lows, as we don't see a driver for upside in economic expansion. some great charts to look at are oil, gold, silver, which have a lower trajectory over the last few months.
The ECB can stop the sovereign debt crisis "almost immediately" by carrying out a "massive" round of government bond purchases, says Guillermo Ortiz, formerly Governor of Mexico's central bank. So now we've got former Mexican central bankers advising the ECB to print massive amounts of money to fund governments. Wonderful. [View news story]
investors look at what the variables are, and if they want to cya then go for it, otherwise they continue to ruin the issue...
we see a complete investor withdrawal from europe and seeing the euro crash...
at some point merkel bucks her riders, if you know what I mean...
Gold tumbles over the last hour, hitting support (as the technicians might say) of $1,610. Beyond that, the next stop on the charts may be Dec. 2011's low of about $1,525. GLD -1.6%. The gold miners - as usual - taking it worse, GDX -3.2%. [View news story]
MA: we are with you on this, gold should be up $100 and when traders figure this out we will see it rise again,...so right now we are experiencing a fear trade in gold, which is counter to the asset....
Francois Hollande has defeated Nicolas Sarkozy by a comfortable margin in the race for the French Presidency, reports Bloomberg, citing exit polls. It will put the Socialist party in power for the first time in 2 decades. Sarkozy's defeat makes him the 11th EU leader tossed from power since the sovereign debt crisis began. [View news story]
this could send equities in a tailspin as socialist economies in their nature do not grow, - we have been buying gold and silver over last 72 hours.
While China's weak PMI number may be the spark that started today's sell off, shares in Shanghai and Hong Kong, ended last night flat to positive. Both markets have already suffered declines of about 5% in the last month on top of more significant drops in 2011. Perhaps the washout in shares has already occurred, says Doug Kass. [View news story]
Kass, you couldn't be more wrong. - the only reason their market didn't tank last night is bc they had all their fake company-government co's report their again fake earnings.....tonight (for us) and tomorrow (for them) you will see their markets tank on this news!
Molycorp: Don't Buy Into The Hype [View article]
Funny how you say the company is a dog when they posted record sales last quarter and have 78% of their product spoken for.
With all your negative bashing aside, let us look at the numbers. They are on track to do great this year, but to no end will you admit such. Frankly, your credibility is blown Matusow.
Why Is Silver Losing Its Shine? [View article]
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
thus, gold and silver remain as our plays,
EU Summit Agreement Bogus: Global Bear Market To Resume [View article]
Official projections show the establishment (pro-bailout) parties - New Democracy and Pasok - with enough seats to form a government in Greece. New Democracy is projected at 30.1%, Syriza at 26.5%, Pasok at 12.6%. Pasok indicates it will provide the votes to create a majority but will not take part in the government, reports Dow Jones. The euro is buying $1.2705 vs a Friday close of $1.2638. [View news story]
Molycorp: Don't Buy Into The Hype [View article]
And “No”, I do not believe you don’t have a position…
Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame. [View news story]
lets be realistic, nothing moves in a straight line, but some things can really move when the momentum gets behind it, look at natty now at $3 bucks, - so when people see the gold play again it will come back in full force....
Gold can't hold onto gains despite monetary spigots opening everywhere, falling especially quickly following the timid move by the ECB, now -0.5% to $1,612. [View news story]
Silver Wheaton: The Best Buy In Mining [View article]
don't think miners margin will hold and they have been weakening over the last 6 months...
S&P 500 gives up small gains, now -0.4% following the big ISM miss. It's the first print under 50 since July 2009. The sharp decline in New Orders (to 47.8 from 60.1) looks to be behind the big move. "Slowing world economies, particularly China, are reducing Q3 and later orders and drastically dropping some raw materials prices," goes a sample respondent quote. [View news story]
We can only see things getting worse...thus, if you see the industrials hitting lows or heading down we see the % factors for lower lows, as we don't see a driver for upside in economic expansion. some great charts to look at are oil, gold, silver, which have a lower trajectory over the last few months.
The ECB can stop the sovereign debt crisis "almost immediately" by carrying out a "massive" round of government bond purchases, says Guillermo Ortiz, formerly Governor of Mexico's central bank. So now we've got former Mexican central bankers advising the ECB to print massive amounts of money to fund governments. Wonderful. [View news story]
we see a complete investor withdrawal from europe and seeing the euro crash...
at some point merkel bucks her riders, if you know what I mean...
My Best Investment Advice: Watch Your Fellow Investors And Do The Opposite [View article]
I will be buying equities come Monday.
Gold tumbles over the last hour, hitting support (as the technicians might say) of $1,610. Beyond that, the next stop on the charts may be Dec. 2011's low of about $1,525. GLD -1.6%. The gold miners - as usual - taking it worse, GDX -3.2%. [View news story]
Francois Hollande has defeated Nicolas Sarkozy by a comfortable margin in the race for the French Presidency, reports Bloomberg, citing exit polls. It will put the Socialist party in power for the first time in 2 decades. Sarkozy's defeat makes him the 11th EU leader tossed from power since the sovereign debt crisis began. [View news story]
While China's weak PMI number may be the spark that started today's sell off, shares in Shanghai and Hong Kong, ended last night flat to positive. Both markets have already suffered declines of about 5% in the last month on top of more significant drops in 2011. Perhaps the washout in shares has already occurred, says Doug Kass. [View news story]