Manufacturing chart is sobering ...fed is printing ... gun sales are at all time highs ... talking heads are pontificating ... market is up ... hyperinflation with soaring commodities cannot be far behind.
The real risk is bonds ... if this bond bubble ruptures ... Katie ... bar the door.
Dollar is looking like it wants to go down to Sep'12 lows ... DXY 78.60. If that support level breaks, then DXY of 74.00 in play.
In addition to the above, AAPL looks to be in a precarious position technically ... possibility of a $400+ print.
No matter what the fundamental presuppositions are with AAPL, the chart for AAPL is flagging AAPL as stock that is facing selling from somewhere ... just not sure what is driving the selling leading to the steep decline. People who bought AAPL at the 2008 low are sitting on a 500% profit even at these depressed levels. Maybe AAPL shareholders are taking money off the table as they wait for clarity regarding the fiscal cliff and tax policy. Government uncertainty is creating a lot of caution, some of it unwarranted.
Maybe another washout will setup a good trade from the 400+ level.
Monday Market Movement: Testing Those 50 DMAs Again [View article]
One comment: AAPL is looking like a real dangerous stock technically ... not sure why it is going down. People in the know believe AAPL selling attributed to changing tax structure by leadership in Washington. People are selling now and asking questions later. With AAPL, people who have held AAPL for last five years are sitting on tremendous profits. When one looks at the charts, AAPL falling to 400 is looking like a real "shocking" possibility.
Thrill-Ride Thursday: Fed Disappoints, Up To Consumers Now [View article]
I keep hearing about the threat of deflation .... I keep looking to find it ... no where can I find it. In fact, the only deflation that is occurring is participation rate of the labor force and labor wages. If anyone has any doubt about inflation, just ask the gold and silver mining firms about their project cost structures ... they are going up at a double digit rate. Government meddling in the markets has created a financial system that is completely out of balance and that no longer has a pricing mechanism based on a true demand/supply model.
Below is a quote from an article on Kitco that kind of sums up the inflation situation:
"Taking a look at the unofficial data, gold would have to appreciate to $9,548.34 to be able to buy you the same amount of goods it did in 1980. Compared to the price of $$1,719.00 (end of November 2012), this would mean an appreciation of 455.5% !."
In your article, you focused exclusively on gold. Many of these minors also produce silver, copper, etc. In fact, the copper production is very substantial to the point that copper profits can offset many other costs. In addition, silver adds to GEO (Gold Equivalent Ounce) calculation. In many cases, cost to find, mine and refine silver is less than $10 per ounce. The gross margin and profit potential for silver is substantial.
With the above considered, the mining companies look to be a screaming buys when by-product profits and resource reserve growth is considered. The entire group maybe setting up for a "RIP-YOUR-FACE-OFF" rally. All that is needed is some sort of catalyst.
What is truly amazing is how everyone is flocking into US Treasuries which pay less interest that the dividends of the companies sited in this article.
SPY Soars As U.S. Borrowed 51.6¢ Of Every Dollar Spent In November 2012 [View article]
In this environment, I cannot understand why Gold is not soaring to the moon. Take a look at following video clip as it supports title: "SPY Soars As U.S. Borrowed 51.6¢ Of Every Dollar Spent In November 2012."
How Gold Miners Can Leverage The Price Of Gold [View article]
Miners are probably close to turning ... as of this writing, they are priced at somewhere between $0.05 and $0.10 on the dollar based on assets in the ground. In addition, the miners in aggregate are sitting on TRILLIONS of dollars in assets in the ground. Compare that with AAPL that is only sitting on $100 Billion in the bank and has a market capitalization that is worth more than all the base metal and precious metal mining companies on the planet ... something is a miss.
Also, has anyone looked at AMZN P/E or P/S ration lately? Allocations of capital are clearly out of balance. This kind of distortions are exactly what is seen in markets that are manipulated and out of balance.
'Unadjusted' BLS Data Shows 1,431,000 Private Sector Jobs Lost From June To November 2012 [View article]
One comment for all above:
"Figures lie and liars can figure."
I have never in my life seen a government that is corrupted at the core like the USA. We have lost our way. Just watch the following clip if you don't believe me. http://demonocracy.info
Recommendation: Cut government spending by eliminating BLS and privatize this $%#@#$% mess.
Gold Should Go Sideways In 2013, But Hedged Strategy Could Yield 40%-Plus [View article]
Your chart came from the Fed and that is government data, albeit "the shadow government". Everyone needs to understand we are borrowing (STEALING from our children and grandchildren) to manipulate the 10 year bond yields lower. Again ... bogus data not at all reflective of the market.
Below is an interesting clip from an article published by SunshineProfits that was published today, 12/12/12 on kitco web site.
"Taking a look at the unofficial data, gold would have to appreciate to $9,548.34 to be able to buy you the same amount of goods it did in 1980. Compared to the price of $1,719.00 (end of November 2012), this would mean an appreciation of 455.5%!"
Another Fed Policy Decision Means Buy Gold, Silver And Yamana [View article]
Below is an interesting clip from an article published by SunshineProfits that was published today, 12/12/12 on kitco web site.
"Taking a look at the unofficial data, gold would have to appreciate to $9,548.34 to be able to buy you the same amount of goods it did in 1980. Compared to the price of $1,719.00 (end of November 2012), this would mean an appreciation of 455.5%!"
Gold Should Go Sideways In 2013, But Hedged Strategy Could Yield 40%-Plus [View article]
Macro Investor ...
Unfortunately, you and me are miles apart on inflation prognosis for the future. My suggestion is that you and others quit siting government data as a source which is unreliable and corrupt. John Williams shadowstats web site has the right inflation data.
An example from the 100s of examples that I could site comes from Walgreens. Previously, they had a store policy of buy one-get one free. Now Walgreens has a store policy of buy one-get one at 50% off. That is a 50% increase in inflation. Inflation is alive and accelerating.
This market is so out of whack as a result of all the government intervention that none of the economic models are even valid anymore. Economic and fiscal policy is behaving more like someone throwing darts on a dartboard.
Cliff Negotiations Continue [View article]
The real risk is bonds ... if this bond bubble ruptures ... Katie ... bar the door.
Dollar is looking like it wants to go down to Sep'12 lows ... DXY 78.60. If that support level breaks, then DXY of 74.00 in play.
In addition to the above, AAPL looks to be in a precarious position technically ... possibility of a $400+ print.
Catch The Turn In Apple [View article]
Maybe another washout will setup a good trade from the 400+ level.
Monday Market Movement: Testing Those 50 DMAs Again [View article]
Is Gold Ready To Explode? [View article]
Who's SPIKED koolaid are you drinking? Go visit the following web site and take a look at the US debt picture.
http://demonocracy.info
In addition, inflation data from any government source has been modified and can no longer be trusted. Go to shadowstats.com to get the correct story.
http://bit.ly/nyzRiF
I have another idea ... go buy some AAPL ... looks like it is a steal at these prices. LOL
The Fed Prints More Money, The Gold Price Falls. Should You Be Worried? [View article]
Thrill-Ride Thursday: Fed Disappoints, Up To Consumers Now [View article]
Thrill-Ride Thursday: Fed Disappoints, Up To Consumers Now [View article]
Below is a quote from an article on Kitco that kind of sums up the inflation situation:
"Taking a look at the unofficial data, gold would have to appreciate to $9,548.34 to be able to buy you the same amount of goods it did in 1980. Compared to the price of $$1,719.00 (end of November 2012), this would mean an appreciation of 455.5% !."
Gold Miners: Are They Good Value? [View article]
With the above considered, the mining companies look to be a screaming buys when by-product profits and resource reserve growth is considered. The entire group maybe setting up for a "RIP-YOUR-FACE-OFF" rally. All that is needed is some sort of catalyst.
What is truly amazing is how everyone is flocking into US Treasuries which pay less interest that the dividends of the companies sited in this article.
SPY Soars As U.S. Borrowed 51.6¢ Of Every Dollar Spent In November 2012 [View article]
http://demonocracy.info
How Gold Miners Can Leverage The Price Of Gold [View article]
Also, has anyone looked at AMZN P/E or P/S ration lately? Allocations of capital are clearly out of balance. This kind of distortions are exactly what is seen in markets that are manipulated and out of balance.
Q4 Earnings Growth Troubles [View article]
All of these guys are crooks. Both groups are getting a lot of "tax payer" money.
'Unadjusted' BLS Data Shows 1,431,000 Private Sector Jobs Lost From June To November 2012 [View article]
"Figures lie and liars can figure."
I have never in my life seen a government that is corrupted at the core like the USA. We have lost our way. Just watch the following clip if you don't believe me. http://demonocracy.info
Recommendation: Cut government spending by eliminating BLS and privatize this $%#@#$% mess.
Welcome to the "Obama Nation of Desolation".
Gold Should Go Sideways In 2013, But Hedged Strategy Could Yield 40%-Plus [View article]
Below is an interesting clip from an article published by SunshineProfits that was published today, 12/12/12 on kitco web site.
"Taking a look at the unofficial data, gold would have to appreciate to $9,548.34 to be able to buy you the same amount of goods it did in 1980. Compared to the price of $1,719.00 (end of November 2012), this would mean an appreciation of 455.5%!"
Another Fed Policy Decision Means Buy Gold, Silver And Yamana [View article]
"Taking a look at the unofficial data, gold would have to appreciate to $9,548.34 to be able to buy you the same amount of goods it did in 1980. Compared to the price of $1,719.00 (end of November 2012), this would mean an appreciation of 455.5%!"
Gold Should Go Sideways In 2013, But Hedged Strategy Could Yield 40%-Plus [View article]
Unfortunately, you and me are miles apart on inflation prognosis for the future. My suggestion is that you and others quit siting government data as a source which is unreliable and corrupt. John Williams shadowstats web site has the right inflation data.
See http://bit.ly/nyzRiF
An example from the 100s of examples that I could site comes from Walgreens. Previously, they had a store policy of buy one-get one free. Now Walgreens has a store policy of buy one-get one at 50% off. That is a 50% increase in inflation. Inflation is alive and accelerating.
This market is so out of whack as a result of all the government intervention that none of the economic models are even valid anymore. Economic and fiscal policy is behaving more like someone throwing darts on a dartboard.