“This seals the deal on tapering at one of the next three [FOMC] meetings,” says Zandi. “My suspicion is it will be March but if you told me it would be in January or December I wouldn’t be too surprised.” With tapering outcome now in our headlights gold has no where to go except down.
See you all at $116 a share (maybe lower) on Monday.
Market is forward looking and GLD see's Taper in Bright Lights heading towards it. Maybe not as fast as many think but its coming and that train wreck for (FOR GLD) will happen sooner versus later.. The Fed tells everyone next week QE is on the way out and with that news gold crumbles.
and looks like it will test $105 to $110 this Friday. And under $80 a share by Christmas
Both Gold and Oil are set up for a massive correction. Gold will fall throughout 2014 as the U.S economy picks up and the Fed starts to taper. Look for Greece, Spain, Italy, Iran, etc., to sell their gold holdings to raise cash. GLD will set new 52 week lows in December which will continue for months on end. Oil is also set for a big correction to the downside as Iran gets ready to pump more oil to willing buyers. Oil inventory report will show oil/gasoline building in the U.S. as more refineries come on line at full capacity.
Come Christmas gold could be trading at $100 - $1100 an ounce and oil could be under $85 a gallon. Best to stay away from yellow gold and black gold since both are going down - big time.
and then follow that will stellar December sales of iPhone 5s, Air, Mini ipad and who knows - maybe the 5C. Furthermore as Apple products fly out the door this holiday season, we are now three weeks away from China Mobile news regarding major partnership to sell iPhones in China to 740 million CM customers.. If you ever had a green light to go long Apple - its NOW.
Think a little bit of both but the China Mobile news is huge. Apple in a couple years could dominate the China smartphone market. Throw that together will pure domination in U.S. and Europe and soon to be India and you have one mother of a company selling iPhones and othe Apple products to the masses. Forget $600 if CM deal goes through next month. Its more like $700 plus as Apple takes on new Asia markets and see revenue go through the roof.
When you think about it - 929 million is more then most company make in a year. And then you look out over the next year or so and realize Apple has more legal claims against Samsung and other and you suddenly realize Apple could pull in billions of dollars just by suing the pants off everyone who tries to copy them.
Good legal news aside, Apple is heading for $570 plus before CM news break in mid-December.
Yesterday we almost touched $24 but today I think we go over. More news is leaking now that the DOJ is willing to settle on elimination of a few gates at US Airline - American hubs. We're talking some minor changes that will not impact these two Airlines bottom dollar. Look for a win-win settlement for US Airways in two weeks or less.
Several legal and airline specialists said that despite that talk, the Justice Department’s case was weak and that it now appeared to be narrowing its main concerns about competition to a few airports.
Robert A. McTamaney, a mergers and acquisitions lawyer at Carter Ledyard & Millburn in New York, said Mr. Holder seemed to be “holding out something of an olive branch.”
Or maybe waving the White Flag. We should climb over $11 today while US Air moves over $24 a share. Both airline stock set to make new 52 week highs over the next several months/year.
and becoming the biggest airlines in the world. Was was a $23.50 stock today could easily be over $50 a share by early next year if not by January. And this is all happening while passenger flying is increasing, airlines options are shrinking and Big fish continue to eat little fish. Tomorrow we push past $24 and head for $26 a share.
Apple now looks like they could really miss December quarters numbers due to lack of inventory. Gee, wonderful - opening store in 41 countries but no products to sell because of manufacturing delays. We could drop back too $400 on this crazy news.
This is crazy for Apple to come with good products but not have the inventory or production to supply the goods. Word is the iPad Mini will be delayed and only a small percentage will be offered before Christmas. Secondly, the China Mobile deal looks a ways off because Apple will not be able to supply the iPhone 5S (due to limited production and cut backs in the 5C. Now I'm starting to think Apple could miss big this next quarter because they didn't produce the amount of iPhones and iPads they thought they would. Cook keeps saying new things are coming, but when they do come Apple can't produce enough to meet its targeted goals much less appease the buying public.
In Plain English - If Apple doesn't have the Product someone want, he or she will buy a competitors product. That's extremely bad news for Apple.
Not sure what is wrong with Apple today with the market up and iPad Air getting good PR. Its almost as if the stock has run out of gas and is signaling a drop to some lower level. In fact today's action seems to be signaling weakness going forward. Though for sure we'd be higher and now wonder if we can keep above $520. Seems today could be a "sell on the news day" as the stock drops.
that will easily push Apple over $610 a share when does goes down Nov. 11 (or sooner)
Tech More: Mobile China Smartphones Carriers China's Smartphone Explosion: The Top Opportunities In The World's Largest Mobile Market (John Heggestuen Oct. 30, 2013)
Mobile Commerce In China
Smartphone growth is slowing across the U.S., Europe, and Japan. The mobile industry needs to shift its center of gravity to China, which has already overtaken the U.S. as the world's largest smartphone market.
App developers should seriously consider China's app stores, and many mobile-focused companies should consider making deeper long-term strategic commitments to the Chinese mobile ecosystem. Areas like commerce, app monetization, and mobile ads are already growing nicely.
In a new report from BI Intelligence, we survey the top opportunities and growth areas in China, including apps, hardware markets, and telecommunications. The report is organized around an easy-to-digest executive summary of our findings and an in-depth collection of charts and data organized into a PowerPoint presentation. The report also quantifies the opportunity in top mobile categories like commerce, payments and advertising.
Here are some of our top findings on China:
- Mobile commerce: By the end of 2013, China's mobile commerce market — e-commerce transacted on smartphones or tablets — will reach $24.2 billion in value, and account for 11% of all e-commerce, a proportion that is on par with the U.S. market.
- Mobile transactions and payments: Sixty-nine percent of Chinese consumers said that they had purchased a product or service with their smartphone, compared with 46% in the United States.
- Mobile advertising: Mobile will account for $2.1 billion in spending or 13% of all online ad spending in China this year. That's also on par with U.S. levels (in the first half of 2013 U.S. online ad
They plan to kick Samsung's butt once they gain access to CM customers. Question is how far do the customer llines wrap around current and future Apple stores in China once China Mobile starts selling iPhones.
What Apple would really like is access to those 700 million subscribers to China Mobile’s network. And they’re not all going to be reached by that 4G network for some time now. So the real deal desired is to gain access to those covered by the TD-SCDMA network, the 3G one. And until the 5s and 5c no iPhone could reach said customers. However, we do actually know that Apple has had the requisite State approvals for iPhones, both a 5c and a 5s, that does indeed work on TD-SCDMA. We even know what the model numbers are. And that’s the deal that would be exciting if it were to come next week (or any other time). An announcement that China Mobile now had agreed on the subsidies issue and that the iPhone 5c and iPhone 5s would now be available, not just for the 4G network, but for the 3G TD-SCDMA one. That might even produce a nice little bump in the Apple stock price.
and lets not forget the other big things coming Apple's way this year and next.
Make It So - Apple Board
Apple is paying a dividend and approved for share buybacks, so a dividend split would not be out of line. Apple has even had three different two-for-one stock splits: in 2005, 2000 and 1987. Apple's most recent stock split took its shares to roughly $44 in today's price terms, so it has risen eleven-fold despite its drop over the last year.. Here is some food for thought: Apple consumers still pay almost the same for one share as they do for many of the company's retail products.