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jerrycalpha

jerrycalpha
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  • Keystone pipeline decision delayed again, likely until after November elections [View news story]
    Energy Independence - Thanks to the Reformed Broker

    http://bit.ly/1lkozoF
    Apr 19 10:46 AM | 3 Likes Like |Link to Comment
  • Ex-Apple CEO Sculley reportedly on list of potential BlackBerry suitors [View news story]
    Sure - he'd be great. Just fire all those smarter and more creative than he, and don't forget to get the board to recognize his own genius with a nice comp. package.
    Oct 24 09:46 AM | 2 Likes Like |Link to Comment
  • More on Bob Shanks' interview with Seeking Alpha: Ford's (F) CFO appeared to be unperturbed by the ballooning credit in China and the uncertainties surrounding the massive shadow-banking system. "This is just a very large emerging market starting to mature, and I think the People's Bank of China is learning and understanding what it has to do to establish a much healthier banking system," Shanks said. "There was a bit of drama about a month or so ago, but I think this is just part of the maturation of economic development in China. It's going to be a journey but they're clearly on it." (Ford Q2 earnings[View news story]
    Ah yes, the Chinese bankers are "maturing" into the same wonderful bankers we know and love here. Let the journey proceed...
    Jul 24 10:23 AM | Likes Like |Link to Comment
  • Electric vehicles sales were up in June with the Chevrolet (GM +0.4%) Volt, Nissan (NSANY.OB) Leaf, and Honda (HMC +1.8%) Fit all posting gaudy percentage gains with lower prices and incentives in play. Though the upturn is forecast to last through the summer, automakers are still far behind EV sales goals and face inventory issues. [View news story]
    The "all oil, all the time" guys are watching. Resistance my be futile, but that won't stop them from trying.
    Jul 2 01:56 PM | Likes Like |Link to Comment
  • Gold slips another 2.5% in evening trade to $1,181 per ounce. Silver falls 1.2% to $18.34. [View news story]
    Gold probed under 1194 tonight, but didn't quite make 1171 before it fought back to flat! There are definitely buyers at this level. Don't know how much more liquidation is in the cards, but a lot of shorts joined in along the way down. Quit a bit of fuel for a short covering rally.

    The price of gold is totally emotional at this point - fibs, retraces, trend lines don't seem to matter much.
    Jun 27 11:14 PM | Likes Like |Link to Comment
  • Gold miners will be watched closely today after gold prices, which had dropped sharply in the wake of strong U.S. economic data yesterday (I, II), pared some overnight losses after U.S. Q1 GDP was revised lower. GDX -3.5% premarket, as major gold ETFs saw outflows of 23.3 tons yesterday, their biggest daily outflow since mid-April. AUY -5%, GFI -5%, AU -4.8%, GOLD -4%, ABX -3.9%, EGO -3.7%, GG -3.5%, KGC -3.5%, NEM -3%[View news story]
    It might be worth picking up some of the pieces down here. $BPGDM has refused to make a new low during this rout.
    Jun 26 09:55 AM | 1 Like Like |Link to Comment
  • Gold miners large (GDX -4.1%) and small (GDXJ -5.3%) alike are suffering a beat-down after jobs data from both the U.S. and Canada beat estimates; gold's gains for the week are entirely erased, and the metal "could melt even faster" if the global recovery continues. ABX -4.2%, AEM -6.7%, NEM -2.8%, GG -4.5%, AU -5.5%, EGO -5%, KGC -5.3%. SLW -2.8%, SSRI -7.3%, EXK -5.9%. GLD -2%, SLV -4.1%[View news story]
    Maybe it will only be a gap fill, but most of the miners are loosing money with gold at this price.
    Jun 7 02:17 PM | 1 Like Like |Link to Comment
  • Monsanto (MON -3.3%) calls the genetically modified wheat found in Oregon an isolated occurrence, likely the result of an accident or deliberate mixing of seeds. MON says tests of 600 samples of each of two wheat varieties planted by an Oregon farmer show no presence of the experimental Roundup Ready wheat, and tests of 30K wheat samples in Oregon and Washington also show no contamination. [View news story]
    Time to sue the farmer?
    Jun 5 12:40 PM | 1 Like Like |Link to Comment
  • Gold mining stocks (GDX) could be reaching an inflection point, Barclays believes, pointing to early signs of performance improvement through the many cost reduction programs begun this year, plus compelling valuations. Goldcorp (GG +2.1%) is the firm's top pick among North American miners because it has the best growth profile and expected operating and capital cost declines in 2014. [View news story]
    Ah... The widow-maker trade is back. Good luck with that!
    Jun 3 03:30 PM | Likes Like |Link to Comment
  • There is no precedent for the current market, writes The Fat Pitch. Consider: 1) The S&P (SPY) has been up 56 of 88 trading sessions this year 2) It's up an uncorrected 24% since the post-election low - the longest streak in over 3 decades 3) The Nasdaq (QQQ) is on pace for a 7th straight up month, an occurrence with a 3-in-100 probability. Long term it's bullish, writes Ukarlewitz, as this sort of strength is rarely the end of a trend. Short term? Stay nimble. [View news story]
    Ah yes, Geo. The Fed has achieved a permanently high plateau for the Stock Market. Quite an achievement.
    May 19 04:09 PM | 2 Likes Like |Link to Comment
  • Stocks move to new session highs an hour before the bell, perhaps soothed by the FOMC's Kocherlakota arguing the Fed isn't easy enough. It's the opposite of 24 hours ago when John Williams' hawkish words knocked the markets for a few points. (SPY +0.9%), (DIA +0.4%), (QQQ +0.8%). [View news story]
    OK, so make the a cool 1000 S&P points. I hope it doesn't close at 1666, though.
    May 17 03:29 PM | Likes Like |Link to Comment
  • Stocks move to new session highs an hour before the bell, perhaps soothed by the FOMC's Kocherlakota arguing the Fed isn't easy enough. It's the opposite of 24 hours ago when John Williams' hawkish words knocked the markets for a few points. (SPY +0.9%), (DIA +0.4%), (QQQ +0.8%). [View news story]
    This is the Fed's game - total misdirection. The market's been sucking it up, too. Now 999+ points of the '09 bottom. Pretty cool, hugh!

    That Fed booze is powerful stuff, but I think I hear some singing in the hallways.
    May 17 03:12 PM | 1 Like Like |Link to Comment
  • Market recap: Why do people listen to David Tepper? Because he's often right. His appearance on CNBC this morning to share his bullish views set the table for today's rally, led by big banks including BofA and AmEx. However, techs lagged after Apple sold off on no apparent news. Nymex crude ended below $95 as the IEA detailed a "supply shock"; gold fell to a three-week low at $1,424.50. [View news story]
    This has the feel of an options exp. related push often reversed before the week's over.
    May 14 04:44 PM | 1 Like Like |Link to Comment
  • CNBC's Jim Cramer says he's witnessing something in the market he hasn't seen in all his 34 years of investing - something that tells him this bull market is more powerful than any we've ever experienced. First, investors aren't taking profits after good news, which is usually the norm. Second, stocks aren't re-tracing to fill in any gaps after popping on good news, they just keep going higher. Lastly, even on bad news, stocks are roaring even higher. This is a "surrealist moment," Cramer says. Managers who have been taught never to chase stocks are getting killed. This is bull is "crushing even the most skilled of matadors." (Video[View news story]
    This isn't your father's magazine cover! He really should cut back on the meds.
    May 13 09:01 PM | 1 Like Like |Link to Comment
  • Dr. Copper's diagnosis for the world economy: It isn't well. Copper ended the week wallowing in bear market territory after top copper consumer China reported slower-than-expected economic growth. At this point, weak demand and robust supplies could continue to put pressure on copper prices, or heavy short selling may dry up and spur a strong rebound. [View news story]
    I've heard it suggested that if the Japanese want 2% inflation they should start buying the metals, copper and gold included. That way at least they'll have a physical asset in the end instead of paper.
    Apr 20 10:15 AM | 2 Likes Like |Link to Comment
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