Gold is down in accordance with accurate forecast by
Gold-prediction site published already last year
“2014 is going to feel a lot like 2004 and 1994 when the [U.S.] economy surprised to the high side,” says David Rosenberg, chief economist and strategist at investment manager Gluskin Sheff
Apple's iPad and iPhones are generating significantly more in on-line sales than Android devices.
CEO John Varian is scheduled to present at the 25 Annual Piper Jaffray Healthcare Conference on December 4, 2013, at 2:00 p.m. EST, at The New York Palace Hotel.
Deutsche Bank analyst Chris Whitmore reiterated a Buy rating and raiesd its price target on Apple from $575 to $625 following Black Friday checks which showed strong demand.
"Following a series of checks over the Black Friday weekend, we have become significantly more confident in our near-term estimates for Apple," Whitmore said. "In fact, if current momentum is sustained through the end of the year, we believe our December Q estimates could prove conservative."
Seasonality is one of those things many investors take for granted. And right now, two of the biggest seasonal trends are bearing down on the market.
At least, in theory.
First, there’s the so-called “Santa Claus Rally,” a period of strength in December. Some credit increased activity as institutional investors trying to juice returns before year-end, and others think it’s just the happiness of the season giving Wall Street a lift.
Soon after comes the “January Effect” that lifts stocks briefly to start a new year. Possible culprits here include investors entering the market with fresh year-end bonuses or other windfalls, or those who sold stocks in December for tax reasons re-entering the market in earnest
In a good agreement with the article:
Manufacturing conditions improved in November to their best level in more than two years, according to a closely followed survey released Monday.
The Institute for Supply Management’s manufacturing index climbed to 57.3% from 56.4% in October, reaching the highest level since April 2011.
Deutsche's checks indicate channel supplies for the Air are healthy, save for the 128GB model; stronger demand for high-capacity models boosts margins/ASPs. The firm also reports iPhone 5S demand is outpacing supply in all of its carrier, online, and retail checks. Lead times remain high for gold 5S units.