Cloudcall Share Discussion Threads

[mike740] 04/3/2015 14:11

Yep good stuff. Cant see why it shouldnt do well. Im sure we will have a few others over from MAM when the word gets out plus a big potential audience here.

[shortiefrommam] 04/3/2015 13:08

Think I'm gonna keep this thread going for me, Mel is more interested in Equities and I'm more about indices and fx when it suits me. The other indices threads don't really touch clouds so I think I'm on my own abit. Let's just see how it pans out, I feel no guilt if I trash my own thread till I get used to the site.

[mike740] 04/3/2015 12:00

Shortie yep good thread UKX see post 51 from me. I was searching for a thread to replace cynics thread on MAM and thought that the best for indicies here on MAM.

Are you going to keep this thread going or is it just set up to integrate yourself to advfn?. best if we all post on the same thread.

Understand Elliot Wave but I dont fully trust it to give the % of win rate I set myself.

I prefer to keep things as simple as poss with TA as other posters who dont understand it are easily turned off.

[goldilocks1] 04/3/2015 11:04

who?
didn't see anyone other than Fingers, who seems quite sensible

FTSE 6866 as i write

[shortiefrommam] 04/3/2015 11:02

Cheers for all the help getting charts up guys, I'll try again later when I have more time. By the way found a decent Elliott Wave thread here too, check my posts and you'll come across it too. Will wait and see if FTSE makes a clean break of 30DMA before thinking about going short (see header chart). I'm off to run some further clouds on Euro crosses, been shorting it for ages as you MAM readers that ever read my currency thread will know. Gonna need a small truck to collect the profit on this one :-)

[mike740] 04/3/2015 10:30

Goldie, dont give him any reply. Soon get fed up if posters just filter him like I have done.

[mike740] 04/3/2015 10:29

Good call Shortie.

Ignore the troll on the FAR9 thread. Isnt worth the oxygen just out to cause trouble.

[shortiefrommam] 04/3/2015 10:23

Dax short @ 11400 closed for +151

[mike740] 04/3/2015 09:04

Comment from Collins Stewart Broker at the open.........

FTSE-100 (6940.64) traded up to 6963.55 yesterday but, once again, it struggled to hold on
to gains above 6950 and eventually ended the session with a loss of 0.74%. It is still too early
to call this a failure at resistance as the high is still being tested; however, a drop back
through 6875 would imply that traders lack the will to take the market higher at this stage.

[mike740] 04/3/2015 08:56

FTSE 100 not able to hold 6900, I wonder where now?.

[mike740] 03/3/2015 20:22

Is Apple really going to buy a third of world gold production? Anatomy of an evolving myth
By Andrew Bell | Tuesday 3 March 2015

On 26 February Mining.com, providers of the highly regarded Infomine service, published a by-lined article entitled “Apple buying a third of world’s gold to meet demand for iWatch”.

The article mentions a report that “concludes that Apple will need 746 tons of gold a year, or about 30% of the world’s annual production” to meet demand for its Apple Watch. Could this be true? Let us analyse this conclusion.

Mining.com understands gold production and demand, but it does not know Apple and it is not a source of authority on the jewellery business. So the conclusion depends on two assumptions adopted on other authority. The first is that Apple plans to start producing more than one million units per month of its high end version of the Apple Watch (“Apple Watch Edition”) in the second quarter of the year and that every Edition contains 18 carat gold. The second is that each Edition will contain 2 oz or 62.2 g of gold.

A link is provided in the article to a by-lined wsj.com article. The article begins: “Apple has asked its suppliers in Asia to make a combined five to six million units of its three Apple Watch models during the first quarter ahead of the product’s release in April, according to people familiar with the matter”.

The Wall St Journal is famous for researching its stories well, even at the cost of being late. The writer has had experience of this where he has been a source for WSJ articles. We may start with the presumption that the article is, as it declares, properly sourced.

According to the WSJ, half of first quarter production in preparation for launch in April is to be of the bottom level Apple Watch Sport, with Apple Watch one third, and the balance Apple Watch Edition, the premium level. In the second quarter, Apple plans to produce more than 1m units a month of Apple Watch Edition, which will have an 18 carat gold casing.

The first assumption seems credibly sourced and to reflect the thinking of those close to Apple. It may turn out not be correct however, and indeed the WSJ points out that “Apple quickly adjusts these plans if sales are different than what it estimated. Suppliers say that Apple adjusts its so-called “plan of record” more often and more quickly than any other consumer-electronics company.”

But “the orders are similar to early sales of Apple’s last major all-new product”. The second assumption is more problematic. The Apple Edition is obviously a beautiful piece of design and if we are to believe the Sunday magazines even Karl Lagerfeld cannot wait to get his hands on one.

See this link But how much gold does it actually contain? The article’s immediate source is TidBits, a 24 year old specialist website with 10 named staff and with bylined articles providing “Apple News for the rest of us”. It is probably fair to assume that there is nothing much about the Mac, the iPad, or the iPhone that these people do not know. Probably they are less expert on gold and jewellery. This article quotes Apple Spotlight, which sounds as if TidBits consider it a respected source.

On checking, Apple Spotlight appears to be a blog founded and curated by one Rob Wensing. Mr Wensing in turn quotes another blog, and a tweet. And Mr Wensing it is that concludes the range for the gold content in an Apple Watch Edition is 150 to 50 grams of gold, with his preferred values being about 75 grams. 150 grams is a lot of gold. It is more than half a pot of honey.

It is more than five ounces or more than half a 250 g pack of butter. And who walks around with half a pack of butter on their wrist?Common sense suggests that Apple Spotlight A blog, a post, a non-authoritative source hidden under the layers of ostensible authority is the ultimate source for the key assumption in the article. We can make a comparison here with a Rolex President watch. Someone has carried out a detailed analysis of the gold content on this link which is helpful.

This chunky 19 carat gold watch contains 2.4 oz of pure gold, or 74.91 grams. The value of which at the current price of $1,208.50 per ounce is $2,909, incidentally. Of this weight, 69% is in the bracelet. Since we can see by observation that the Edition does not generally appear to be designed with a metal strap, it looks as if (even allowing for a large buckle and assuming that a weighty feel is likely to be the aesthetic choice of the designer) the likely limit for the gold content is 20 grams for the case ring (not the back) and the buckle.

We can regard an estimate of 20 grams, or 32% of the article’s estimate, as potential gold demand on reasonable assumptions. Given that the estimate of world gold production used in the TidBits calculations appears by calculation slightly too low, we can therefore adjust the percentage of gold production quoted in the article as needed for the Edition from 30% to 9%. 9%, surprisingly, appears credible.

I write surprisingly because 9% is still a stunningly high figure for incremental demand for gold (assuming a relatively small substitution effect of people buying Editions instead of other gold jewellery). Only Apple could do this, and have an impact potentially on the whole gold market. In terms of price signals, this ‘signal’ is likely to be one of the strongest this year. It is not factored into the market.

On 9 March Apple will announce specifications and prices for its Watches, and in April it will start selling. By June or July Apple intends, it appears, that Edition sales will be gathering momentum. If orders for Editions are good this information will percolate into the market and be discounted.

Between now and then there is the possibility of an expectation change. So, in analysing a news story so extraordinary that few would have taken it seriously and few would have felt motivated to try to disentangle rumour from reality, we have quite easily found the origins in the unaccountable world of blogs and posts in those hinterlands of the internet ‘where ignorant armies clash by night’, but at the same time we have established something just as extraordinary because now well grounded. It is this: It is not impossible that Apple is about to add to its notable ‘firsts’ the accolade of being the first company to have created global demand for a product so great that the gold market is moved into a different trajectory.

[mike740] 03/3/2015 20:09

Just hanging around that mark goldie, 18200, still far better than earlier.

[goldilocks1] 03/3/2015 19:59

my call for a ftse bounce of 6870 was correct though i was not around to take advantage

meanwhile, dow is struggling to break back north of 18200

[mike740] 03/3/2015 17:33

A lot taking profits yesterday and today, it happened in the US on Friday.

A bit of fear around as investors think the top may be in.......I say may be in.

[goldilocks1] 03/3/2015 16:53

meanwhile
dopey-drawers here has just had a quick look at FTSE and note that 25 dma is at 6871, a mere 8 points below where it sits as i write
though i think FTSE could or even should head even further south in coming weeks - GE and all that jazz - a bounce off 25 dma does not look or sound too far-fetched

any dissenters?

[skinny] 03/3/2015 16:06

Shortie - for a full explanation of what is/isn't allowed, go to post 39006 and thence to posts 225-227 of the link there.

[mike740] 03/3/2015 15:50

Right, no probs used to think he used lines and arrows over at MAM.

Both ways are pretty easy when you get used to them.

[skinny] 03/3/2015 15:37

If you want to add additional detail over and above that achievable by the charting package, then an intermediary step like paint - but that isn't the question that I was answering!

Shortie just wants to post a chart such as this one (post 3)

[mike740] 03/3/2015 15:32

Ahhhhh skinny true but you cant place text on it or arrows or customise it can you your way??.

[skinny] 03/3/2015 15:26

You do not need to use PAINT - this site objects to some sites (for free users) - not whether it is .png or .gif etc - hence me being able to post from imgur.

The chart in post 9 is merely downloaded to my pc, uploaded to photobucket and posted - paint is not involved and I would only use it if I wanted to add detail to the chart - lines etc.

I suggested the TT instead of tt as this fools the ADVFN filter system for href addresses and thought it worth a try for img addresses.

[mike740] 03/3/2015 15:26

Just copy instructions above to word and print it off, and it comes easy within a day or two.

It looks a lot but it isnt and comes easily when you get used to it. ! minute job at most. EASY

Not only that but you can use any chart from any other site and it by passes advfn code which stops you from posting a chart from elsewhere. You can also annotate chart with whatever you want, arrows , scatter graph, lines, triangles boxes etc etc.

Its just a matter of getting used to paint.

[mike740] 03/3/2015 15:21

Hi Guys thats why I kept pointing out yesterday to you, you had to use paint and THEN your uploader. By using paint you are then giving yourself a new extension and the site accepts it.

eg, using skinny chart above

1.right click on it

2.left click on copy image this saves chart to PCs memory

3. Go down to start button at bottom left click on it

4.Left click on paint

5.click on edit button

6. click on paste

7. up comes chart, here you can add lines, arrows, and text etc etc.

8.left click on file

9. left click on SAVE AS

10. place in name what you want to call chart make sure it as a jpg extension

11.click save.

12. chart is now ready to upload.

13. use this uploader......... free, just sign up.

14. sign in

15. far left upload content. left click on it.

16. box comes up with your saved chart click on the chart.

17. click on browse.

18. it then downloads it ready for you to paste to your location.

19. click close bottom right corner.

20.left click on chart to chose it

21. left click again to make full size.

22. right click on chart

23.left click on box copy image URL

24. chart is ready to past to your destination ie, here.

25. click contol button and letter v both together at same time.

Gives you code below.



26. Now just place your brackets around it as per norm to open out and display

img

src

=

27. dur rur.........