Paul Sacks - Aurum Options Strategies
Related Audio:
-
Tami Luhby, CNN MoneyTami Luhby, CNN Money
out there. All my family is out and Antarctica there in -- hockey players all these Bruins players that you love -- -- where you think they're from either from you figure from Massachusetts. What -- -- the American players on the crossed amber is here now so why. Why did you leave. My dad a transfer okay Kampman you'd still be their -- guys that are not facts you'd go back tomorrow -- if you. The problem is I'm not a good enough occupier he it to be. Saskatchewan. Produces more hockey players per capita than any other place in the world to -- a -- paid attention the past couple weeks. But supposedly the number one hockey player in the world it turns out. He's not that Iraqi player you know he is that it is just that the other Canadian playing against -- is a better player. -- birdie is a better player than Sidney Crosby . When he doing and you look at the game of hockey -- get ready looks at the offensive side of hockey chemicals that yet now it's a two -- game you gotta be of the play defense Sidney Crosby can't play defense he sucks and the defense he's he's he's a wimp. And he doesn't play. That's an uncle Chris Chelios . Give me a belt made him but he running each. Is. Like rich rich this is embarrassing to to stop that knowing that Jack and Roenick now. Wage on the island -- got your -- -- these. Players I sound yet I've actually her -- The hall of famers I mean it the best like Bobby or he's from Canada and -- now he's from Saskatchewan. Wayne Gretzky he's from -- In isolating it like that's your national sport that you didn't see any baseball players made it in the -
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
right now are taking a look at the waterfront -- the new real estate option. Then moving to a different officers bank put you know they want to establish -- -- exciting new abandoned building and so. The seaports and interest and opportunity that drawing a lot of companies trying to. Why I think I like the financial district to that what's the big attraction of the seaport area you name it may be a mess it's. Poll. It's cheap and it's that's the main thing is that you know right up there looking around at look at okay -- and I moved to and another office building downtown and I stay put. You know that the currently rate or should I mean he moved to the seaport there's a -
Shawn Kravetz, Esplanade Capital
Shawn Kravetz, Esplanade Capital
been and then. We'd like to buy the whole company and then negotiated transaction . Do you own any shares in the company now. We do we heard the second largest outside shareholder. The family owns roughly 90%. Of this company. DE Shaw. Very very large hedge fund in New York City is the largest outside shareholder and we are number two. Why panel why they're why they hesitating to solitude they must feel that the shares are worth Maurizio I think I can conclude. Well. I don't wanna speak for them but I suspect you're right on the money. They had no idea that and they know there's a lot of value there. And I guess they're confident that someday they will get that we would like to help shareholders get that values sooner rather than later. Because. We thought the assets -- well. You made the statement that you feel the -
What's Up On Wall Street - Andy Cinko, Bloomberg News
What's Up On Wall Street - Andy Cinko, Bloomberg News
we asked a question of the day which had to do with Social Security And collect your Social Security for retirement age or are you going to collect literally. 73%. Of Americans collect their Social Security early in the vast majority of cases I think that's a mistake but people do it for any reasons. When I came up with June and I think is a good idea for us to talk about is you know we're sitting here and and and acting all high and mighty. As it relates to this discussion about Social Security in the back the matter is we have access to tremendous resources on this topic whether the courts are now ski. Who worked for the departments of security for 37 years or whether it's Chris Farrell was a reporter for Bloomberg we have access to a lot of data. What I would like to do is make this information on Social Security Tips to maximizing -- worst Social Security benefits I'd like to make it available to our listening. I think it's they I think it's important. You know people refer to it I think some 97 -- as areas of securities of Ponzi scheme this. I disagree with you respectfully -- disagree with you but you know -- more importantly. Please educate yourself on Social Security Call this phone number it's 508591. 5444. Asked for the guide about Social Security tell the I would pay -- wanna learn more about Social Security Barry seems to know a lot you know why I read a -- I studied this stuff every day it's what I do for a living. 5085915444. Is the number you should call. Call them. Tell -- you're listening to the financial exchange and you want to learn more about how he can maximize your benefits. Out of Social Security I think you'll be glad you made the call I know I was glad when I read the report on Social Security Maybe a more informed consumer. 5085915444. Up next Sean Kravitz he's the president of a hedge fund. That has been trying for
Automatically Generated Transcript (may not be 100% accurate)
Come back and it is Tuesday and got to tell you folks to look at it already in front of me right now -- Barry can explain is the Dow is down a 162 points NASDAQ down thirty. S&P down fifteen cooled down fourteen -- tenured US treasury that's sitting at one point 771. The the front part about it today it's that loyalist to -- 43 cents to 8830. Put the hex -- And now it's not good news we'll talk about that and a lot more coming hours. They the bay -- me was the top SBA lender. In Massachusetts was Boston based Eastern Bank the need 400 SBA also congratulations Eastern Bank. Made four under SBA loans in Massachusetts -- with a 23 million dollars. According to the SBA's Boston district office. As BI by SP calculations those loans collectively created 500 jobs and retained about 17100. Other jobs so that for -- is good we it was a good little bank and -- the Eastern -- ninety branches you know that's a little anymore. -- he there's a bank coming up for sale when you get your pennies together and tell you about a bank it's going to be on the market for maybe you know action by. Entire bank you and I when we could be in the -- -- just Jack up is a piece that I had had suddenly make your ballots. They -- to talk about gold. We are joined by Paul Sachs from forums option strategies. And day old bullish on gold all good morning -- -- -- Good morning Barry and good morning -- What -- what do you think for gold next year today you know he had the election coming in two weeks from now how how does the election. Impact the price of gold for the remainder of 2012 and -- 2013. OK so a lot of people are asking about that you know I just I guess I'll have to -- that the general consensus. On the floor among traders is the election is not going to happen but because the difference one way or another. The typically typically gold will consolidate sideways during an election year. And then resume the trend. After there's -- jerk reaction one way or the other but you know basically you know -- basically said he will he would get rid of Bernanke as he got in but. It's hard I can tell the leading three candidates to replace Bernanke it's it's not clear to me they would do anything and anything that different. Which. 2000 dollars an ounce in two in this this year that we are in right now. Hasn't done that when will gold go up to 2000 dollars an ounce and stayed there and stabilize over 2000 announce. Yeah yeah you're right and we you know we got about 19100 and then we weren't able to follow through I do think. Next year we will spend more time about 2000 and below and I just think that. You know what we were clearly on fairly -- track here and there's major problems in Europe. And borrowing a major improvement in the world economic situation. And increasing base money against a basically -- supplying gold will result in higher prices. Can you wouldn't we knew that at least -- bullish on gold. How consumers buy their goal -- -- buying ETS should they buy a mutual fund should they buy physical gold should they buy gold options I mean there's. It seems like there's a million ways to buy it are getting emails on this topic I'll get text messages on this topic how to led by Michael. Yeah okay so that's a great question and we we started to touch on that last time you and I spoke but basically. My recommendation is investing in. Cold options strategies and this of course depends extremely. Good this can very from persons present situation situation but. If you need to get bang for your buck in terms of your exposure to the gold market -- you wanna do it in the form of gold derivatives and in in options. Because it really can provide these substantial return should -- -- -- -- up. I'm a lot of people also will buy a small amount of -- and and keep them safe I prefer Silber. Just because of its lower price and it's it's more -- taxable you know I don't know what you gonna do with a 3000 dollar coin. But with a fifty or sixty dollars silver -- you know that that that's that's more usable. Did Mary -- good advice and Ali appreciate your time thank you very much much. Paul -- forum options strategies joining us today on the financial exchange giving us his perspective on gold. You know a lot of people bullish on gold based on fed policy -- weaker dollar and stronger in in their currency of choice. Will be the US dollar will be gold bullion in in the of the opinion that goals and 2000 and it's not alone but a lot of people on -- can. Question of the day is how much we spend heating your home this winter what type of fuel use get a lot of hybrid here and I'm seeing people they're using. Wood pellet stoves. And what. Which is actually -- you both need a. 603 heats with cord blood it warms you -- times when he cut it when you split it and stack it and when you try and -- and you're in great physical -- eight. Got to -- and a big physical upper body right now is in good. Our text number 68680. -- password of the date is the word oil when you hear the gas pump bell -- you want to make sure you work collagen uses lengthening it to me because number 25. At 80882052263. And you win 825. Dollar gulf. Gas gives more people a chance to win it -- -- it's so popular right now this gas cards gasoline jacket up to number 2.5 inches you know it's it's a few more folks. Remember you black cannot have one in the last ninety days -- -- contest rules they when we come back we're talk about his bank he's a little bank for sale. Put together -- few shekels and it will buy together June. That and more coming up on the financial exchange.
