Paul Sacks - Aurum Options Strategies
Oct 25, 2012|
Paul Sacks - Aurum Options Strategies
Transcript - will 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.