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FBN’s Stuart Varney on the differences between last Friday, during the Mega Millions drawing, and this Friday with Passover and Easter celebrations.
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Virtue of selfish investing dot com -- -- I put -- to you face here you so there are flat out wrong.
Silva went from fifty books all the way down to low thirty's.
You said it might bounce back again it did not this thing looks to be dead and you say.
Well I have I would -- argue that I wasn't wrong because if you recall last -- here we are buying silver around thirty dollars and we ran it up to fifty and we sold right there.
And while we have tried to come back in a couple of times into the precious metals.
The rallies have failed so we've had to bail out each time with small losses the net that we made a lot of my -- precious metals so.
It's hard for me to consider myself wrong but if you like consider me wrong that's why you I think -- are now left -- if I now know what I think we've got Silva doubtless Silva thought he wants something like that at the moment is.
31 and changed on you have going -- 1640 Reynolds I think both precious metals are buys on the weakness because I do you think you're going to see QE3.
I think that's happening on the evening about what is a deficit going to be -- 20121 point 31 point five trillion somewhere in there.
How is the government going to finance that -- -- a -- monopoly money public I don't homicide element -- everybody understands -- facility -- and changed the Silva sixteen whatever highest for gold.
-- -- forty -- 64 you say buy it now I think why do we learn despite signs yeah as a weakness because you think Ben Bernanke.
No matter what he says publicly is go to -- to -- yet all money yes and that would drive precious metals prices back up again that's where you come in from right.
Exactly yes and I think you're gonna see QE3 how is the government gonna finance all this additional deficit spending it's not ending it's not declining it's simply going along as it has been with one point 31 point 41 point five trillion dollar deficits off the charts.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Know is right yes.
What is the lion.
I well what cited his mouth was -- speaking on on that particular day that's what I would ask I just look at it from practical matter let's look at reality how are they going to finance this massive deficit spending how are they gonna do it they have to print money.
QE3 as Bill Gross also believes from Pimco.
That the Fed has no choice but to separating and it may well and I think you use a weakness in the metals to bottom and that's when you -- when nobody wants and everybody's bearish on -- right now.
I think they're buying and if they keep coming down say 1550 which would be my ultimate low for gold.
And I 28 dollars ultimate low for silver -- -- there aren't.
-- morale -- from virtue of self this investing dot com banks here at that time.
