Markets Wait for Apple; Rogers Buys Gold; China to buy Iran Oil w/Gold;
Markets are waiting with baited breath for Apple results.
The day AFTER earnings, #Apple
stock falls 68% of the time, according to Birinyi Asso.
The Next iPhone Is Coming This October –
$AAPL:Instead of 32M iPhone shipments in CQ2 we now
believe 28M-30M is more likely(we currently estimate 32M) Jefferies
Happy news: FLASH: Fitch Upgrades Ford’s Credit rating to
Investment Grade –
US Steel. ATT among companies that will help the Wall St
yoyo to rise.
Netflix… down 14 at 87… bad subs growth. Netflix specific
Republican Primary… joke… I will go and cast my vote. It won’t
be for Romney, though I know Paul has no chance due to a variety of factors.
Not the material the repbublicans are looking for… some of his foreign policy
views I’m not so keen on.. we are a coddled society.. we are a controlled
society. Paul’s timing is off.
As my friend Wes Richards of Wessay.blogspot.com says … My
opinions are my own but you’re welcome to them.
Speaking of Wes… he had a great piece yesterday..
The world of conflict has been taken over by the world of
professional wrestling. Everyone’s fighting for or against something.
Top of the list of worsts: Politicians. They’re fighting for your
freedom. They’re fighting for your rights. They’re fighting to
lower your taxes. They’re fighting to restore white America to its
How do they do this? Like George “The Animal” Steele and Gorilla Monsoon
duking it out in the squared circle after each makes a televised statement
about how the other’s days are numbered.
The next story may be at odds with Jim Rogers’ $1500
range to buy more gold.
From Forbes.com… Gordon G. Chang, Contributor
I write primarily on China, Asia, and nuclear
The Best Reason in the World to Buy Gold
Beijing is planning to avoid U.S. financial sanctions on
Iran by paying for oil with gold. China’s imports of the metal are already
large, and you can guess what additional purchases are going to do to
On the last day of 2011, President Obama signed the National
Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is
called, attempts to reduce Iran’s revenue from the sale of petroleum by
imposing sanctions on foreign financial institutions conducting transactions
with Iranian financial institutions in connection with those sales. This
provision, which essentially cuts off sanctioned institutions from the U.S.
financial system, takes effect on June 28.
Read more at ….
Forbeshttp://onforb.es/IJPvqt via @sharethis
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Author Jim Kingsland
Market commentator with focus on Gold and Silver after long broadcast career at FNN, Bloomberg, and Fox. #RandomHouse published author on PMs. Jim has also been involved in projects for CAC and Coinplex.
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