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davidshelton

davidshelton
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  • In a show of hands, 29 Cypriot lawmakers vote for the controversial EU bailout, 27 vote against. The deal is thus approved. (CyprusMail, AP[View news story]
    The 29 law makers of doom whistle past the graveyard....
    Apr 30 03:22 PM | Likes Like |Link to Comment
  • The Gold COT Report - An Update [View article]
    Nice breakdown of the COT. Very interesting how positions have changed over different trader categories. I concurr with the long term picture and am heavily positioned accordingly already.
    Apr 30 02:13 PM | Likes Like |Link to Comment
  • Gold's Double Whammy Is In Play [View article]
    "China produces about 400 tonnes of gold annually, and imports an additional 500 to 600 tonnes of gold every year".
    Imports have risen dramatically in the last two years. Therefore China(with or without the Central Bank) is buying up a significant portion of the global supply. Forget about the future's market and pretty graph patterns for a second, it's what's happening in the real world that matters ultimately. I don't see gold heading lower from here with such demand in the physical market.
    Apr 30 01:48 PM | Likes Like |Link to Comment
  • Australia's Perth Mint - which refines nearly all of that nation's gold bullion - has its factory working weekends to keep up with demand. "We haven't seen levels like this since (2008)," says sales chief Ron Currie. "We're being inundated with people buying products," he continues, noting U.S. orders are particularly heavy. GLD -0.25%[View news story]
    Gold ETF's loss is the physical markets' gain.....
    Apr 30 11:53 AM | 1 Like Like |Link to Comment
  • Gold's Double Whammy Is In Play [View article]
    Thanks for your thought provoking article. I take exception with your data point from the lofty World Gold Council about China though. I was of the impression that China has not declared a change in total gold reserves since Q2 2009 when they declared a massive increase in their holdings. There's a slight difference to what you appear to be inferring. China is the largest gold producer in the world and yet apparently a not insignificant net importer of the yellow metal. Who's taking delivery of all that gold? China is never secretive about it's official reporting, now is it.....?
    I can hear the shrieks of the "Gold bugs", you're a brave man, Carlos.....
    Apr 29 10:40 PM | 7 Likes Like |Link to Comment
  • It looks like Microsoft (MSFT) will be raising close to $2.7B in its latest debt-financing effort: the WSJ now reports Microsoft sold $1.95B in U.S. debt, as it shops a €550M ($715M) offering with a 20-year maturity in Europe. For the U.S. offering, Microsoft obtained a rate of just 1.01% on 5-year debt, a mere 70 bps spread over comparable Treasurys for 10-year bonds, and a 90 bps spread for 30-year bonds. The paper previously reported Microsoft was looking to raise $500M+ in the U.S to go with its European offering. [View news story]
    If MSFT can't make more than 1.01% pa on that debt then they're doooomed!
    Apr 25 07:03 PM | Likes Like |Link to Comment
  • Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea? [View article]
    Thank you for your reply. I agree for this simple strategy to work it would require quite a degree of market timing(luck!) and be short term in nature so perhaps not what you'd recommend. It seems TNA and TZA are more than liquid enough for this to work otherwise.
    Apr 19 02:28 PM | Likes Like |Link to Comment
  • Caterpillar (CAT +0.5%) reports global sales of its construction and mining equipment fell 11% in the three months through March, ahead of its Q1 report Monday. March sales in North America, CAT's largest geographic market, fell 11%; sales tumbled 24% in Asia. Sales turned negative during the December three-month period for the first time in 30 months and have remained lower ever since. [View news story]
    Were expectations lower than this?
    Apr 19 11:43 AM | Likes Like |Link to Comment
  • Short Selling A Pair Of Leveraged ETFs: A Goldmine Or A Bad Idea? [View article]
    @Author How about a short-term put strategy when markets are severely overbought?
    Apr 19 11:16 AM | Likes Like |Link to Comment
  • Not Just Gold: Small-Caps Reminiscent Of Summer Crash Of 2011 [View article]
    Fair point but major banks in the world don't use Macy's as collateral. Macy's is a stock and gold(while being a speculative vehicle a lot of the time) is a tangible asset. When a true deflationary pulse comes to the markets Gold becomes very volatile leading to large sell-offs. This could mean there are liquidity issues in the credit markets that can lead to a similar event. Remember what happened to gold in 2008?
    Apr 18 03:15 PM | Likes Like |Link to Comment
  • 5 Trade Ideas That Can Make 500% In An Up Market [View article]
    Phil - thanks for the feedback. Much appreciated!
    Apr 15 01:18 PM | 1 Like Like |Link to Comment
  • 5 Trade Ideas That Can Make 500% In An Up Market [View article]
    Hi Phil - thanks for sharing all these ideas for free. I'm not a huge fan of ABX though it has taken a beating lately. What about GG or AUY for a major instead? I also like the gold/silver royalty plays as a safer way to get in on the miners - FNV, RGLD, SLW and even SAND.
    cheers!
    Apr 14 10:10 PM | 1 Like Like |Link to Comment
  • Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%[View news story]
    Sitting on my hands for a bit longer... (something I should have done since 2011 - oh well!)
    Apr 12 02:43 PM | 1 Like Like |Link to Comment
  • Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%[View news story]
    Capitulation....
    Apr 12 02:33 PM | 2 Likes Like |Link to Comment
  • Add Brian White to the growing list of Apple (AAPL -1.3%) fans who think a bigger iPhone is needed. "We are being told that the minimum size needed by Apple is a 4.5-inch display on the iPhone; however, a 5-inch to 5.5-inch would be optimal," writes the Topeka analyst after talking with Chinese/Taiwanese suppliers. Also: Cowen sees more room for iPad growth in the U.S., citing encouraging survey data, and BTIG's Walter Piecyk, who recently upgraded Apple, thinks a new capital-allocation plan will be timed to coincide with a downbeat FQ2 report (results are due on April 23). [View news story]
    Screen size is my biggest issue with Iphones....
    Apr 5 04:22 PM | 1 Like Like |Link to Comment
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