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Denny_Chasteen

Denny_Chasteen
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  • The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
    That's the best retort I have seen, IT. Very good. A+. :) If that's a bubble, my '95 Mustang GT is a brand new Ferrari.
    May 16, 2013. 08:22 PM | 2 Likes Like |Link to Comment
  • Apple Increases iPhone Discount To 36% To Counter Samsung's Upsurge In India [View article]
    I have come to that realization also, szeducate. You know, the high end Samsung phones are not at all cheap compared to the iPhone. Tablets either. People proclaiming that Samsung is "winning" sound a lot like Charlie Sheen to me. They win the prize for selling the most cheap phones at the lowest margin. I can see them now at the hawker stands in China right next to the guy yelling "Cheap Suits!!" Buu Yow!!!

    I the Google Analytics data that I watch coming into my web sites, the number of hits coming from Samsung devices is not growing compared to Apple the way you would think if there really were a "sea change." I don't see it in the data. Apple is still the big dog in the mobile and tablet world. Big and still growing.

    Apple just really needs to snatch that market out from under them by making new release to the iPhone 4 which is priced to compete on the low end. It won't cut into sales in the high end. But it would knock the pilings out from under Samsung.
    May 16, 2013. 05:16 PM | 5 Likes Like |Link to Comment
  • Apple Increases iPhone Discount To 36% To Counter Samsung's Upsurge In India [View article]
    "Sheep Story"

    One day a farmer was watching his sheep in the field. The sheep dog would herd them around with total masterful control over them. The farmer gets bored so he pulls a wire across the field about a foot from the ground. The dog goes running across the field, sees the wire and jumps over it. The first sheep came to the wire, tripped on it and fell down. The second sheep came to the wire, tripped on it and fell down. So did the third sheep and so on until they had all tripped and fallen.

    Ten minutes later, the same thing happened from the other direction. Days and days passed and finally one day the first sheep came to the wire and stopped. The second sheep stopped as did the third and so on until they were all stopped. The first sheep stepped over the wire. Then followed all the other sheep stepping over the wire.

    Well, the fun was over though the farmer. So he removed the wire. Next day dog runs by, sees the wire is gone, runs right on through. He looks back for the sheep. They all stopped and one by one are stepping over the same spot where the wire was the day before. One sheep carefully following the other.

    The sheep continued this behavior for years on end. Even after the first sheep had died and went to sheep heaven, their offspring continued to stop at the spot where the wire was before and step over. Even though the trip wire was long gone.

    Such is true with the people selling their AAPL stock at fire sale prices. Somebody cried "wolf." Others chimed in. And that is the end to my story.
    May 16, 2013. 05:03 PM | Likes Like |Link to Comment
  • Apple Increases iPhone Discount To 36% To Counter Samsung's Upsurge In India [View article]
    I saw that six-oh. The same day AAPL dropped $15. Apparently people listen to those blow hards. I have never hear a more ridiculuous assertion in my life. It just proves there are haters our there would place emotion over reason. See "sheep story" below.
    May 16, 2013. 04:52 PM | 1 Like Like |Link to Comment
  • The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
    There is some fear mounting. Indeed. An ill wind is starting to blow.
    May 16, 2013. 04:49 PM | 6 Likes Like |Link to Comment
  • In the silver market, Commerzbank thinks it's time to see movement befitting an industrial metal and less like the currency metal it has traded in recent weeks. The equivalent of 3,700 tons of silver was sold in the futures market during the past five weeks, or ~40% of 2011's total investment demand; "in the past, we often saw marked counter-movements after such pronounced developments." (earlier[View news story]
    Kerstner looks like a genius now. Congratulations!!
    Apr 25, 2013. 03:58 PM | Likes Like |Link to Comment
  • Gold's reaction to Tuesday's fake AP tweet illustrates a "new reality" for the metal says Deutsche's Jens Johansen, who notes the price reacted last (vs. stocks and currencies) and barely budged. His team feels this lends support to their bearish thesis for gold and an expectation it's headed to $1,300 before stabilizing. GLD +1.7%[View news story]
    Well, Gold was stable when equities were crashing. Isn't that exactly why we hold physical gold for the long term? I agree with pmiller100, that is about the most stupid conclusion anyone could make. Scratching my head. How do these guys find someone who will pay them for being so outright stupid?

    In reality Deutsche wants the price to go to $1,300 so they can buy more even cheaper. That's what's going on here. It's a shake down of the weak kneed morons who are willing to dump their gold at fire sale prices.

    The bankers are all just a bunch of Deutsche bags.
    Apr 25, 2013. 01:16 PM | Likes Like |Link to Comment
  • Gold And Silver Enthusiasm Soar To Historic Levels In The Wake Of Collapsing Prices [View article]
    I read your comments all the time IT. You are not foolish. It's the other way around.
    Apr 22, 2013. 08:50 AM | 2 Likes Like |Link to Comment
  • This Gold Slam Is A Massive Wealth Transfer From Our Pockets To The Banks [View article]
    A lot of great comments and insights are right here. Right now there is a "fire sale" going on with gold. Extends to silver. And traders selling oil futures now down to even $87 WTI to raise money to keep their gold. Even though we all know Israel is about to attack Iran. World oil prices will top $150. At below $86, the fracking is not even cost effective. Silver costs $27 per ounce to mine.

    Venuelzula needs to sell gold now. So does Cypress. Maybe many others. Italy. These poor, stupid socialist countries must be shaken down. Al ltheir gold depleted. Not sure how long the shake out will take. But it is taking place now. I am guessiing you can buy gold for under $900 and silver for $15 before this is over.
    Apr 15, 2013. 10:51 PM | 1 Like Like |Link to Comment
  • Is Apple Using Share Buybacks To Support Its Stock Price? [View article]
    Do I hear the wind blowing or is it just another AAPL hater piling on?
    Apr 9, 2013. 12:35 PM | 4 Likes Like |Link to Comment
  • Trifecta Of Events All Break In Favor Of Gold [View article]
    Just this week customs in Italy busted a guy for trying to smuggle $6M worth of gold bars to Switzerland. Cypress had significant gold holdings representing 70% of their reserve currency. Venezuela has tons of gold. I wonder what if anything is happening or likely to happen with these. There are other similar situations world wide. Seems to me very likely to see some "fire sales" on gold and silver.

    Tom, you old "goat whisperer," the needle is indeed pointing more northward now for gold. I hope so. If not, I may have to BBQ some of my old goats soon.
    Apr 6, 2013. 11:53 AM | 1 Like Like |Link to Comment
  • A healthy market is supposed to rally on good news, yes? If so, things don't look good for the gold bulls, as the metal fails to muster any bounce on news of the massive BOJ easing. GLD -0.9% premarket with gold at $1,544/oz. - its lowest level since late June. [View news story]
    The dollar is just the prettiest old gal down at the government run nursing home. Dance with her all you want to. Meanwhile I am dancing with gold and silver at "Club Physical."
    Apr 4, 2013. 08:13 AM | 1 Like Like |Link to Comment
  • In the silver market, Commerzbank thinks it's time to see movement befitting an industrial metal and less like the currency metal it has traded in recent weeks. The equivalent of 3,700 tons of silver was sold in the futures market during the past five weeks, or ~40% of 2011's total investment demand; "in the past, we often saw marked counter-movements after such pronounced developments." (earlier[View news story]
    I agree with bbob68 100% and half with kerstner. Spending $1 against the least probable downfall below $27 to even be "in the money." Not worth $1. Most probable is silver remains range bound and sir kerstner loses his entire $1.85. I am okay with the .85 call. RIsk to reward seems good.
    Mar 25, 2013. 10:00 AM | Likes Like |Link to Comment
  • In the silver market, Commerzbank thinks it's time to see movement befitting an industrial metal and less like the currency metal it has traded in recent weeks. The equivalent of 3,700 tons of silver was sold in the futures market during the past five weeks, or ~40% of 2011's total investment demand; "in the past, we often saw marked counter-movements after such pronounced developments." (earlier[View news story]
    Add your state tax and you are talking a 35% tax. That is robbery!!!!
    Mar 21, 2013. 04:18 PM | Likes Like |Link to Comment
  • Looking at who was behind the massive GLD redemptions early this year, Commerzbank concludes the selling might be about done. Estimating quick-moving hedge funds accounted for about 10% of GLD holdings, Commerzbank reckons they've pared down positions to the point where, if anything, they're buyers at this level. [View news story]
    Hahaha. Were at 13.9T. Russia will claim whatever they now have left. Will make everyone, especially UK, China and Germany want even more.
    Mar 21, 2013. 04:12 PM | Likes Like |Link to Comment
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