This morning we reported that inflation has dramatically lowered in China. American gold bugs have turned this low inflation data from China on its head. The brand new interpretation is that low inflation in China is good for gold because low inflation will provide Chinese with more buying power and
Our algorithms are showing aggressive short covering in gold and silver. Gold is up about $30 from its low. Almost all of it is shorts taking profits. There is no change in our stance, but we will be carefully observing to see if real buying comes in.
According to the data from the National Bureau of Statistics in China, inflation has slowed dramatically. Stay short on GLD and HL. Those not in these positions should stay tuned to the Real Time Feed for potential entry signals.
iWallet may be to iPhone 5 what Siri was to iPhone 4S. As the world is focused on the new iPad from Apple (AAPL) and most of the speculation centers around iTV, the next big thing for Apple may be iWallet. Apple already has millions of credit card numbers on file. Apple
Starbucks (SBUX) shares are getting ready for their next leg up. The stock is expensive at these levels, but the coffee giant keeps on innovating and big international expansion is still ahead. It is no secret that espresso coffee is very popular overseas. Starbucks has announced the first at-home, premium, single-cup