Zoltan L. Kovacs

How Does $9000 Gold Sound?

Gold is on the way up, although $9000 seems a bit moch at this point in time. But why not? Anyway, $900+ is just the beginning.

Major Buy Signal Now Flashing for Gold Stocks

Gold is being accumulated not just by governments, but by international middle class consumers also. It is technically interesting, because the rally in stocks will get at least some kind of correction in the near future. Secured wins might be going into gold.

How the Gold Game Could End

There is no seniorage with Gold, no need for Basel II or other regulation, its physical and not virtual like much of the equity in the finance sector.

Gold Up Sharply as the Bear Market Rally Falters

Gold is getting a larger share in the average portfolio of nations and individuals. Temporary peaks in liquidity also fuel the demand for gold. And the market for gold is more transparent than the one for oil or some international currencies nowdays.

New Microsoft Ad Targets High Cost of Macs

This ad is just positioning PCs incl. Windows as a commodity product with price being the only differentiator. Of course it doesn't say anything about lifecycle costs and ease of use etc.

NYSE Runs Out of Gold Bars: What Happens Next?

Interesting article. Compare this with China's proposal for a new leading currency. Gold might get even more important.

Gold Hits Highest Level Since June 5 - Next Stop $1,000?

The current economic environment seems to favor Gold (Inflation, Dollar, Money Supply, Growth, State Interventions etc.).

What's CNBC's Problem with Gold?

As soon as the Dollar weakened Gold broke a resistance. Its getting interesting.

I Quit the iPhone

You'll be back with the next version of the iPhone.

Leading Indicators Rise Two Months in a Row

The question is on what the growth in 2009/2010 will be based on. Let's hope for something sustainable.

Dell Gets Ready for a Comeback - Barron's

Dell doesn't have a uniqe business model anymore. The only USP they are trying to offer customers and shareholders is lowering costs. They are selling commodity PCs and it does't even help them in a downturn. That means trouble ahead. Trying to imitate Apple is another sign of strategic weakness. The cheaper computers get, the less relevant do little price differences get (in absolute terms) for the buyer.

Apple's (the Stock) Best Days May be Behind It - Try Thoratec Instead

Please don't treat a tech-company like an easy to forecast FMCG manufacturer. Especially not a market leader with a strategy based on continuous innovation. It is quite challenging to draw a trend in sales, earnings, and product/market-strateg... in advance for such corporations. The iPhone was already declared dead before its preview. It also doesn't help to prepare an anecdotical "histirocal" analysis with a slight resemblance to life-cycle theory. We are having a very tough market, all enterprises, but why should a company with 2/3 of its margins coming from infant products (after having invented several product markets) underperform the market?
Remember: this is the 21st century with technology coming to the masses and converging among market segments. Apple has enormously augmented its client exposure (number and diversity of products, internet, and retail) and it has a very steep experience curve. Just look at the changes of the margins for different product generations (macs, iPods, iPhones). Well, they are growing.
There is no 2nd Apple, only product imitations. Besides, Big Blue once had a beautiful rebirth through its service offerings and it is still not dead.

Gold Is Looking Good

This formation for Gold is not about a pullback. Should there be one, then wait some more. My guess is moving upwards.

Jobs' Integrity: A Reason to Buy Apple

Steve Jobs is a phantastic CEO and entrepreneur. The main reason for people criticizing him on the ground of lacking formal perfection or his style is probably that they don't hav AAPL stocks or have conflicting interests with the company. So its not hard to understand those critics, and critic is the price for the freedom of opinion. Its only important to test those critisizms.

Dow/Gold Ratio and the Dollar: What Does It Mean for Value Investors?

Currently gold offers double "protection": again the crisis, and again inflation. This is in fact a win-win situation, because you can hardly expect that the current economic cycle recovers without rising inflation.