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Denny_Chasteen

Denny_Chasteen
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  • 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 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 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 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 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 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 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 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 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 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 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 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 04:12 PM | Likes Like |Link to Comment
  • Apple: When Negatives Can Be Positives [View article]
    That's right Tradevestor. And the other thing is making changes to the supply chain, dropping Samsung components, for example. Changes to supply chain have VERY high upfront costs. Up front design and planning costs, but also problems with yield and cost of quality in the early going. People who have never worked in manufacturing and especially semi-conductor or wafer fabs have no understanding of what this involves and how long it takes for all the processes to ramp up. Look for much higher margins this quarter.

    Market share does concern me. But, it's a growing market. It's growing on the high end and the low end as well. When the economy slows, it's usually the low end products that bear the brunt of the slowdown. Up scale and luxury items are least affected. It's likely that any slowdown on EITHER the high end or the low end will be only a slowdown in the rate of growth and not overall sales.

    Time will tell, but AAPL stock is in for a heck of a beat down first. More to come as they stir the pot over this "too much cash" problem. They need to come to a resolution on dividends and preferred stock. Every day they don't increases the case that Einhorn has made that AAPL does not care enough about the share holders. Not many buyers lining up these days, Too many unknowns. Too many dark shadows. The haters and naysayers have piled on now and have created that "critical mass" required to "stampede the herd."
    Feb 27 05:36 PM | 1 Like Like |Link to Comment
  • Comex gold scores its biggest one-day gain of the year, jumping $28.90 (+1.8%) to settle at $1,615.50, as Bernanke’s comments were "music” to the ears of precious metals bulls, Real Assets' Jan Skoyles says, "and strong economic data is just not enough anymore to convince markets that all is well." Silver +0.9% to $29.32. [View news story]
    Well it's "sleazy" money whenever politicians, central bankers and the "nice government men" are involved..
    Feb 27 02:38 PM | 1 Like Like |Link to Comment
  • Comex gold scores its biggest one-day gain of the year, jumping $28.90 (+1.8%) to settle at $1,615.50, as Bernanke’s comments were "music” to the ears of precious metals bulls, Real Assets' Jan Skoyles says, "and strong economic data is just not enough anymore to convince markets that all is well." Silver +0.9% to $29.32. [View news story]
    Because it is an "easy money" policy. "Dovish" is associated with a "easy" stance. "Hawkish" on a harsher stance. Bush was a "hawk" on national defense. Carter was a "dove." It was probably just a rhetorical question, but I took a shot at it anyway. :)
    Feb 26 05:23 PM | 1 Like Like |Link to Comment
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