The bounce in precious metals takes a breather, with gold (GLD) off 1.6% and silver (SLV) off 1.2%. It's more tough news for John Paulson after his gold fund reportedly lost 27% in April, bringing the YTD loss to about 47%. Add David Einhorn to those taking a hit: "We were somewhat surprised by the swift decline," he said on the GLRE earnings call (transcript), especially given the BOJ's joining in "the global monetary printing race." Einhorn sees nothing to change his long-term bullish stance.
The recent rally in the prices of gold and silver may have been a correction to their sharp fall from a weak earlier.
Moreover, some analysts suspect the recovery of gold prices during last week was due to the rise in demand for the physical metal.
There are still reports of big hedge funds raising their bets against the recovery of gold and silver.
The continuous drop in gold holdings of the GLD ETF is another indication for the ongoing drop in demand for gold as an investment. If this trend persists, it could signal a further drop in demand for precious metals (for investment purposes).
Gross margin profit indicates some information about the current competitive situation of the company in the market.
The higher the gross margin profit, the better the competitive advantage.
Apple's gross margin profit decreased in the last two quarters (37.5% in 2Q 2013).
According to the company estimation (last press release), the gross margin profit will be between 36% and 37% for 3Q 2013.
On the contrary, BlackBerry's gross margin profit decreased a lot until 3Q 2013, then increased to 40.14% in last 4Q 2013. The improvement is due to the Z10 launch during the last quarter.
The European Central Bank (ECB) will meet on Thursday and investor expectations for an interest rate cut are growing. The euro (FXE) was weak on this speculation, though European bond and equity markets rallied. The ECB is falling behind the Federal Reserve and the Bank of Japan in terms of aggressive monetary policy, so the impact of a rate cut on the euro may be limited. It would, however, be a positive signal for the European equity markets. In this article I will discuss the upcoming ECB rate cut decision and analyze the euro and other European asset classes.
Expectations for a rate cut have been growing because economic data from the eurozone continues to be weak. However, unlike the Federal Reserve, the ECB has been very hesitant to use monetary policy to try and help the economy
Australian stocks rose Monday, with financial issues helping lead the advance, while Hong Kong stocks swung between modest losses and gains at the start of a holiday-shortened week.
I really like the idea of Apple buying NOKIA, would create more value than a 50 B share buy back, getting the mapples, camera, patents
The fight between pricing from the physical market for bullion and that from the "paper market" of futures is showing signs of discrimination and disagreement, as the physical market is booming, while prices set by futures are seemingly pressured to go nowhere.
In short, I think this is a strong buying opportunity.
By the end of trading session, American International Group, Inc. (NYSE:AIG) shares soared 5.21% to US$40.62 with more than 26.59 million shares traded, compared to its average volume of 14.58 million shares. Through the trading session, the shares reached a new 52-week high of US$40.74.
The company shareholders gained more than 15% this year in good agreement with
I Know First algorithmic system forecast from january 14.
Sentiment: Strong Buy
The long-term fundamental reasons to hold gold are undeniably still with us. The central banks of the world are acting in concert in "currency wars" or "the race to debase."
As they print more money, the purchasing power of each unit declines. They are caught between the rock of having to keep interest rates low to support their governments' huge deficits and the hard place of the long-term effect of diluting their currency.
If rates rise, even First World governments will be forced to pay higher interest fees, leading to loss of confidence in their ability to pay back their debt, which will bring on a sovereign debt crisis like what we have seen in the PIIGS or Argentina recently.
ALU turnaround is possible for the company with intensive cost cutting, reshaping the workforce, and investing in new technologies.
Sentiment: Strong Buy
Job openings in the U.S. rose in February to the highest level in almost five years, which may signal the slowdown in hiring last month will prove temporary.
Goldman Sachs gold forecast for 2013, 2014 is in a good agreement with
I Know First algorithmic system
Warren Buffett, Chairman of Berkshire Hathaway, expressed similar reservations about gold as an investment:“When we took over Berkshire, it was selling at $15 a share and gold was selling at $20 an ounce. Gold is now $1600 and Berkshire is $153,500
Futures are green today Futures are green, in a good agreement with I Know First algorithmic system forecast published back last December.