April 23, 2013

HOW TO PLAY APPLE’S BEAUTY AND THE BEAST EARNINGS $AAPL

Apple Inc.’s just-released earnings show quite a contrast between the recent past and the near future.

The projections for next quarter are downright ugly while earnings for the last quarter are a thing of beauty. First let us examine the technicals of Apple AAPL stock and then we will move on to the fundamentals.

Technical perspective

For a technical perspective, let us look at the chart.

Click here for the chart.

Prior to earnings, Apple had broken the support at $419 – $421 and then dipped below $400. Now the prior support acts as resistance. In the after-hours action, Apple moved up about $19 and broke out of the resistance at $419 – $420 as shown on the chart.

… Please click here or the title below to read more.

April 23, 2013

WHY THE GOLD ‘MEGA BEARS’ ARE WRONG $GLD $GDX $GDXJ $SLV $AG

After the recent collapse in gold and silver, some mega bears are coming out of the woodwork. Several have targets that are scary for investors in gold, with them predicting a fall below $1000 for gold, with $800 appearing to be a favorite number. (I have seen targets as low as $400.) But these seem like extreme responses to a significant drop and in my opinion, may not be accurate takes on where gold is likely to end up.

Before you read further, please understand that I am neither a gold bug nor a permabear on gold. My calls on gold and silver are a matter of public record, with the most recent being to sell half of the gold holdings at $1904 and the other half at $1757.… Please click here or the title below to read more.

April 23, 2013