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youngman442002

youngman442002
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  • Goldman responds to concerns over metal warehousing [View news story]
    From what i heard....it went from 6 weeks to 16 months..that is quite a spread in time....
    Jul 31 01:00 PM | 1 Like Like |Link to Comment
  • On the hour [View news story]
    Boy did I miss something..gold is up to $15, 540.5 an ounce...wow I am rich I tell ya....off to the bar and buy drinks for all my friends...
    Jul 30 01:22 PM | 4 Likes Like |Link to Comment
  • July Reuters/UofM Consumer Sentiment: 85.1 vs. 84.0 expected and 83.9 prior. [View news story]
    I have to change my Meds I think..what are these people reading or more likely watching???? living in a dream world...or at least on food stamps...
    Jul 26 10:13 AM | 1 Like Like |Link to Comment
  • June Existing Home Sales: 5.08M vs. consensus 5.27M, 5.14M previous (revised). [View news story]
    But it shows one little uptick in interest rates...sends sales crashing...so what is Bernanke going to do...???
    Jul 22 11:28 AM | Likes Like |Link to Comment
  • A U.S. federal judge is set to approve a $1.6B settlement for a class-action suit  over the sudden-acceleration problems experienced by many Toyota (TM -0.2%) vehicle owners. A Toyota attorney expects ~500K owners to file a cash settlement claim; the deal also covers the installation of brake-override systems within affected cars. (previous[View news story]
    this was a hoax....
    Jul 19 02:09 PM | 1 Like Like |Link to Comment
  • Fed Beige Book: Economic activity increased "at a modest to moderate pace." Most districts reported an increase in overall consumer spending and auto sales while all districts witnessed a "moderate to strong" pace regarding residential real estate and construction activity. Banking conditions and credit quality improved (loan demand increased "modestly") and hiring either "held steady" or rose at a "measured pace." [View news story]
    the word moderate is the key....its a spin word...means nothing...at least in economics...it means we are flat...doing nothing...
    Jul 17 02:57 PM | 1 Like Like |Link to Comment
  • Coeur Mining (CDE) reports 4.6M ounces of silver and 60.7K ounces of gold mined in Q2, up 21% and 7% respectively vs. Q1. Production at the Palmarejo mine was up 24% for sliver and 23% for gold over Q1. The company reaffirms FY2013 production guidance of 18-19.5M ounces of silver and 250-265K ounces of gold. In light of lower pricing, company has cut staff by 40, deferred several projects, and undertaken a review of all G&A costs. (PR[View news story]
    Production is being shut down.....at this price its not worth the hassle....so this is the bottom....soon there will be shortages..
    Jul 16 08:51 AM | Likes Like |Link to Comment
  • In fierce competition for picky customers, coffee companies in need of premium beans are increasingly lending support to Asian and African farmers. "There is a struggle for resources," says Oxfam's Frank Mechielsen. "Companies are afraid they won't have enough supply in the future." Magnifying shortages is the rush of companies jumping into the high-end single-serve market, expected to grow more than 50% to $12.6B by 2015. Among the companies attempting to secure first-rate beans: Nestle (NSRGY.PK), Mondelez (MDLZ), and D.E. Master Blenders (DEMBF.PK). [View news story]
    I know of a plantation owner that just sold his "premium" coffee beans...green mind you for $70 a pound.....way high....we are stupid to pay that much...
    Jul 15 04:08 PM | Likes Like |Link to Comment
  • Here's a quixotic twist: It appears that battling certain types cancer may lower the risk for developing Alzheimer's disease, new research suggests. After pouring over data, investigators have concluded that most kinds of cancer - with the exception of prostate cancer - seem to confer some degree of protection against Alzheimer's, reducing risk of the age-related brain disorder by anywhere from 9% to 51%. They've also linked a common form of cancer treatment, chemotherapy, to a lower risk for developing Alzheimer's-related dementia. [View news story]
    all the chemicals must clean out your plumbing...???
    Jul 15 01:00 PM | Likes Like |Link to Comment
  • Following the weak retail sales print, Goldman cuts its Q2 GDP growth estimate to 1% from 1.3% previously. Just Friday, JPMorgan slashed its Q2 growth estimate in half to 1%. If they're right, one wonders if the Fed has the chops to cut back on QE amid such a weak (even if backward-looking) growth number. Q1 GDP growth was sub-2% as well. [View news story]
    You can bet Bernanke´s replacement will be a big printer....trillions more as Obamacare kicks in and costs explode...I wonder how the CBO will eat their crow when the actual numbers hit...
    Jul 15 12:18 PM | Likes Like |Link to Comment
  • Krispy Kreme's (KKD) board approves $50M in buybacks effective immediately, reflecting "financial strength [and] outstanding free cash flow generation," in the words of CEO James Morgan. The company has also refinanced its secured credit facilities which should generate $1M in interest expense savings in the next year. (PR[View news story]
    I wonder how much of the daily stock volume are these buybacks....I bet it is a high %....
    Jul 15 08:27 AM | Likes Like |Link to Comment
  • Volkswagen (VLKAY.PK) plans to move forward with a plan to sell a mid-sized SUV in the U.S. - a segment that dealers complain the automaker has missed out on. The automaker's overall goal is to improve sales in the U.S. to at least 800K vehicles per year by 2018. [View news story]
    They should sell their truck...the Amarok...its a great truck....looks good and is big....
    Jul 12 10:11 AM | Likes Like |Link to Comment
  • "Two drowning men don’t make a swimmer." That's the rationale for General Motors (GM) passing on investing in a closer relationship with Peugeot (PEUGF.PK). Automobile industry watchers think Peugeot will look to link up with a Chinese automaker as GM stays content with its 7% stake in the French automaker. [View news story]
    or a Peugot hater....
    Jul 12 08:21 AM | Likes Like |Link to Comment
  • Retail trends: A surprising drop in sales at Victoria's Secret (LTD) stands in stark contrast to a blowout month by Old Navy (GPS), and could speak volumes on consumer preferences, observe retail watchers. Demand for casual items has been high this summer (online and B&M) at retailers like Gap, while department stores continue to see soft store traffic. GPS +1.4% premarket. [View news story]
    everyone is buying couch potato clothes...more couch time because they are not working
    Jul 12 08:18 AM | Likes Like |Link to Comment
  • Tesla Motors (TSLA +0.8%) CEO Elon Musk says current production of the Model S is over 400 per week and expressed confidence it would reach a level of 800 by late next year. On future plans, Musk also exuded optimism: "We going to have every kind of car you could possibly imagine." [View news story]
    Double in one week...now that is production....I doubt it though
    Jul 11 10:58 AM | Likes Like |Link to Comment
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