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STEVE JOBS THE BUDDHIST WOULD NOT HAVE FIRED TIM COOK

October 2, 2012

Talking heads are tripping over each other to echo negative sentiment about Tim Cook. They are even throwing around wild numbers such as $30 billion loss because of Apple (AAPL) Maps without any solid foundation. I am a late comer to the world of media. Even though I write extensively about technology, business, and investments, I am still deeply rooted in the rigorous analysis that my professors instilled in me in engineering school. It is worth sitting back and pondering how the same theme gets echoed at about the same time in most media outlets. The same talking heads that not long ago

INDIA GOLD IMPORTS TO DECLINE FURTHER

October 1, 2012

This post was recently published on ZYX Short Sell Change In the year 2011-12 , India imported 1,067 tonnes of gold worth about $60 billion. In the April-June quarter of 2012-13 fiscal year, gold imports had contracted by 18.4 per cent year-on-year to about $13 billion. India’s imports of gold are likely to fall further for three reasons: Indian currency rupee is strengthening. Inflation in India is likely to come under control. Gold imports have inverse correlation to amount of Monsoon rains. One of the biggest argument North American momo gold crowd advances is increasing gold imports by India. However, the data

CHARLIE EVANS’S COMMENTS ARE A TRIGGER FOR THE GOLD AND SILVER UPMOVE

October 1, 2012

This post was just published on ZYX Buy Change As we wrote in the morning capsule, the traditional beginning of the quarter new money is pouring in stocks, gold and silver, oil, and bonds. However the trigger for the sharp move in gold and silver was comments by Charlie Evans. Evans is the president of Chicago Fed. Evans said that the Fed should stay accommodative until unemployment reaches 5-6%. The present unemployment rate is about 8%. As soon as Evans uttered those words, the momo crowd aggressively started buying gold and silver. The momo crowd is not known for deep analysis,

WEEKLY MARKET DIGEST: WINDOW DRESSING MOVES STOCKS AND GOLD UP

September 28, 2012

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) WINDOW DRESSING MOVES STOCKS AND GOLD UP September 28, 2012 Yesterday’s move in stocks and gold was mostly related to window dressing. Window dressing involves portfolio managers buying those assets that have done well in the quarter so that they can show their clients that they own the best performing assets. Prime beneficiaries of window dressing were GLD, SLV, and AAPL. Increasingly window dressing happens on the day before the last day of the quarter to skirt scrutiny

TIM COOK IS SORRY ABOUT MAPS, APPLE SHOWS FALLIBILITY

September 28, 2012

When reports first surfaced of problems with Apple Maps, Apple bulls were sure and loud that it was only a small problem and would be fixed soon. By not issuing any real statement, Apple gave the impression that the problem was indeed going to be short-lived. Finally there is a real statement from Apple. Tim Cook, in a letter, is not only apologizing to customers, he is also suggesting alternatives like BING from Microsoft, MapQuest by AOL, Maps from Google, or Nokia Maps. (Here is the full text of Tim Cook’s letter.) Apple Maps’ problem is deeper than what Apple first let on as evidenced by the

CHARTS SHOW GOOGLE BEATING APPLE WHERE IT COUNTS

September 27, 2012

iPhone 5 has been the biggest launch of a consumer product ever. Apple (AAPL) stock has been a monster. On the other hand, its main competitor Google (GOOG) until recently languished. Going into iPhone 5 launch, nobody could have predicted that Google would defeat Apple where it counts. From an investment perspective, what counts is the stock performance. Google has outperformed Apple by about 15% in the past few months. There have been three reasons behind Google’s out-performance. Apple Maps: The map flap exposes deeper issues than Apple has let on. Investors are coming to a conclusion that Apple has difficulty in executing large scale data

FIGURING OUT WHY GOLD TUMBLED WHEN IT SHOULD HAVE SOARED

September 27, 2012

On September 25, 2012, the news was that central banks were buying gold. Gold fell from its morning peak. On September 26th gold continued to fall with some recovery in the afternoon. The International Monetary Fund (IMF) reported in its monthly statistics that Turkey, Korea, Russia, Kazakhstan, Ukraine and Kyrgyz were buying gold in July. Turkey increased its reserves by 44.7 tons to 288.9 tons, Korea increased its reserves by 15.5 tons to 70 tons, Russia increased its reserves by 18.6 tons to 936.6 tons, Kazakhstan increased its reserves by 1.4 tons to 103 tons, Ukraine increased its reserves by 0.2 tons to

RIM STANDS A CHANCE AT COMEBACK IF IT TARGETS MICROSOFT, NOT APPLE

September 26, 2012

On Monday Thorsten Heins, CEO of Research In Motion, rallied support at a conference for the upcoming BlackBerry 10. After cutting past the bravado that Heins put up perhaps for a show, it is clear that RIM is conceding the top two spots in mobile to Apple and Google‘s Android. Heins’ realism is progress in that now RIM is realizing that it does not stand a chance of returning to its former glory days. Both Apple and Android are too far ahead of RIM for RIM to catch up. The foregoing may seem obvious to a casual reader but astute watchers of RIM would