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  • GLD: A Strong Rebound [View article]
    Same here Bob. Waiting for more carnage and I initiate some buy positions!
    Aug 27, 2015. 10:09 AM | Likes Like |Link to Comment
  • GLD: A Strong Rebound [View article]

    Thanks for the article. What do you think of Kinross Gold for the majors and First Majestic Silver in the mid tier silver mining space ?

    Aug 24, 2015. 02:16 PM | 1 Like Like |Link to Comment
  • Sterling Looks Set For Multi-Year Lows [View article]
    Interesting article, but I don't see why the comparison against CNY in particular as the UK is not a major trading partner for China. Having said that, I believe you are right in calling a sharp drop against the USD precisely because of the emergence of a risk off sentiment!

    Aug 22, 2015. 01:48 PM | Likes Like |Link to Comment
  • Tesla: You Are Funding Elon Musk's Iron Man Lifestyle [View article]

    As I mentioned in earlier posts, I would bet some money that Elon is the Jeff Skilling of this decade!
    Aug 20, 2015. 04:17 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 402: August 1, 2015 [View instapost]
    My personal tale on what killed Axion: Over-confidence in the abilities of its prototype, and a management that was unskilled and literally clueless about the battery business. I wish someone with the background of dr Ed. Buiel of Bob A had been in charge, instead of an elevator contract negotiator.

    Unlike JP, I think Axion is still a lab project and has concretely gone NOWHERE in the past decade. All it did was raise a bunch of money and lavish it on a slimy crook. Now the hard work begins - that is if they ever intend to become a serious entity at some point. Will the Chinese let them move forward?

    I wouldn't bet on it.
    Aug 19, 2015. 07:37 AM | 3 Likes Like |Link to Comment
  • It's Time To Get Mad [View article]

    If you check the balance sheet of the Swiss National Bank, you will notice that it holds a substantial chunk of its assets in equities. Central Banks directly owning the market has already started a while ago!
    Aug 18, 2015. 05:54 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 402: August 1, 2015 [View instapost]
    When I think of sad Granville trying to cheerlead us into believing the company was already on cusp of production! Clearly the new crew was left with an incredible pile of dog **it to clean after he left. The guy didn't even understand that his product was not ready for mass production as it hadn't passed all the necessary tests, and yet he had the audacity to claim the contrary!

    No wonder the market has been punishing the stock for so long. Now we at least have a little more honesty about the product and the company, but will that be enough to save it? that's the question...
    Aug 18, 2015. 09:33 AM | 4 Likes Like |Link to Comment
  • It's Time To Get Mad [View article]
    No amount of tinkering of monetary policy by the Fed can ever affect the real economy, besides minor effects on the margin as we have seen for the past 7 years. The average American is still un/under-employed on average. Here, I am talking about Generation X, who are supposed to be the drivers of this economy in terms of productivity/consumption. Now they have to compete with their parents for the same jobs, further weakening their bargaining power. These are, in a nutshell, the consequences of Fed policy since the GFC.

    The solution rests with the US legislative and executive branch of Government. The Federal Reserve Act needs a MAJOR reform right now as it clearly no longer serves the purposes of the broader society.
    Aug 18, 2015. 07:56 AM | 1 Like Like |Link to Comment
  • Does Tesla Management Have Any Credibility Left? [View article]
    Funny to see a company valued at 20 billion dollars based on Hope...
    Aug 17, 2015. 05:47 AM | 2 Likes Like |Link to Comment
  • 5 Reasons The System Isn't Broken [View article]
    Agreed. the US dollar will start a decline similar to what the GBP experienced after world war 1, and would likely be displaced by the Chinese Yuan or a basket of currencies in the next couple of decades, as the world moves towards more decentralisation with less weight given to a single economic superpower.
    Aug 15, 2015. 06:13 PM | 1 Like Like |Link to Comment
  • Does Tesla Management Have Any Credibility Left? [View article]
    There is NOTHING visionary about an all-electric car. It's a car with a massive Li-Ion battery strapped to it and people have tried tinkering with electric cars way before even Musk's grandparents were born!

    In comparison, the iPhone/iPad were visionary - I would say even revolutionary - products. Hailing someone who dreams up silly stuff and tweets as being a visionary genius is an insult to our ability to think as humans. The guy was good a creating code for one product (that I have never used by the way), and all of a sudden he is the next Henry Ford???? Come one...
    Aug 9, 2015. 05:50 PM | 3 Likes Like |Link to Comment
  • Does Tesla Management Have Any Credibility Left? [View article]
    Elon has been riding the fame wave for the past decade or so. He strikes me as being a little too megalomaniac and lacks business sense. For PayPal, remember that he partnered with P. Thiel before the company became a success, so unlike a lot of people, I wouldn't rush into giving him the sole credit for success!

    Otherwise, I just sense he uses WAY too much government largesse to fund his extravagances, and that is never a recipe for long term success. I pass on the silliness of the Mars human colony, the rise of the Killer AI, etc...

    Elon is probably great coder when it comes to computer code/gimmicks, and that is where his efforts should be focused. Stretching himself thin on subjects he doesn't master - yet, he has the arrogance of claiming the contrary- will yield unpleasant results.

    My two cents.
    Aug 6, 2015. 06:44 PM | 5 Likes Like |Link to Comment
  • So Now We Learn Why Tesla's CFO Is Calling It Quits [View article]

    Simple: Because Human nature loves speculation and is inherently biased towards "amazing growth stories and Unicorns" ;)

    At least, that's how I view it. Anyone who wants a sound, sane investment can't possibly buy into Tesla's stock at these levels.
    Aug 6, 2015. 09:18 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 401: July 10, 2015 [View instapost]
    Axion has continuously disappointed its investors during the past decade, so I don't see how the same management team can all of a sudden do things any differently!

    The saying "you can't teach an old dog new tricks" seems particularly pertinent in this situation.
    Jul 29, 2015. 06:57 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 401: July 10, 2015 [View instapost]

    I stopped hoping for good things to happen to Axion as it clearly shows it has no compelling story to sell. The company is literally begging for survival money, Quarter in Quarter out, and I don't want any part of it right now.

    The problem is executive management (besides Farley, maybe) are so mediocre that attracting good managers into the cesspool is virtually impossible. Who in his right mind would take the ungrateful task of turning this Titanic around? Best case is already unfolding guys, and it is a Buy Out by the Chinese.

    Enough said!
    Jul 20, 2015. 06:04 PM | 3 Likes Like |Link to Comment