Tag: Rebound

India Gold Imports Dip After Brief Rebound as Prices Curb Demand

By iwano@_84

Gold imports had risen in July and August as jewelers readied stocks ahead of festivals.

Photographer: Sanjay Kanojia/AFP via Getty Images

Gold imports by India slumped in September after a short-lived rebound as high prices prompted buyers to defer purchases.

Inbound shipments into the world’s second-biggest bullion consumer fell 38% in September from a year earlier to 8.4 tons, according to a person familiar with the data, who asked not to be identified as the information isn’t public. Imports were down from 35.5 tons in August. Finance Ministry spokesman Rajesh Malhotra didn’t immediately respond to a call to his mobile phone.

Weak Appetite

India’s gold imports dip again in September

Source: India’s Finance Ministry Official

Imports had risen in July and August as jewelers readied stocks ahead of festivals. But demand has cooled as buyers hold off on purchases in a bet that prices

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An October Rebound For Apple

By iwano@_84

On September 8th, in a posting entitled ‘A Weak September For Apple
’ I explained that Apple cycles had turned down. The conclusion was that “The $105 and $95 levels are reasonable downside targets.” The shares price hit an intraday low of $103.10 on September 21st. This was close enough to a standard 38.2% retracement of the March-September rally.

Apple has shifted from the weakest month in the year to a strong month. October has been the strongest month in any year for the shares as we see in the histogram. Apple has risen in 71.8% of all such months of since 1980. The average return has been +6.8%. The bars in the chart below represent the expected return, 4.9%, the product of these 2 numbers. I can add that the monthly

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Facebook Stock Is Down 20% In A Month, What Are The Chances It’ll Rebound?

By iwano@_84

Facebook stock (NASDAQ: FB) reached an all-time high of almost $305 less than a month ago before a larger sell-off in the technology industry drove the stock price down nearly 20% to its current level of around $250. But will the company’s stock continue its downward trajectory over the coming weeks, or is a recovery in the stock imminent?

According to the Trefis Machine Learning Engine, which identifies trends in the company’s stock price data since its IPO in May 2012, returns for Facebook stock average a little over 3% in the next one-month (21 trading days) period after experiencing a 20% drop over the previous month (21 trading days). Notably, though, the stock is very likely to underperform

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