Finally Time to Buy Facebook?

This transcript is automatically generated

The latest data from comScore shows that Facebook's user growth rate in the US is slowing -- -- They -- the company from Los Angeles is -- Morales sees with the virtue of selfish investing dot com.

Now -- we don't -- -- you about the price of gold and precious metals but we understand that you were a buyout of Facebook's talked last week.

Many people came on that program said he wouldn't touch it with a ten foot pole but you were -- -- explain yourself.

Well first I use a fifteen foot pole I should say but I am -- to -- down here and one of the things about face that they things -- -- as a phenomenon.

Is that if the stock is gone from over -- over hated citing market technicians need to develop a special indicator for FaceBook.

And over hated over over a -- indicator and I think right now.

FaceBook is over hated and look at the numbers came out over the -- -- the comScore numbers of 5% growth but let's keep in mind.

The stock is actually up a -- census more so it's not selling off on that news keep in -- they -- 71% of all Internet users they have an answer subscriber base.

Going forward is really going to be the key in terms of how they're able to monetize and I still think that's an open question with a lot of potential for the company.

Also about a week or so ago apple CEO Tim Cook.

-- -- -- that apple and FaceBook may be getting together on some projects.

He wasn't specific about anything but -- watch to see what happens today at the world like developers conference for apple and see if there's any announcement in that regard.

But I do think the futures ahead -- face that and it is a very effective way to advertise I found that to -- the -- with my own business I just picked up on this because I was -- view as a kind of hard money guy.

You're into the gold you have to silly little -- but you know -- I thought you were up because you know when Europe prints money or America prints money I don't goes often -- that buying -- could -- -- because there's a trend I by trends are so you're not interest in hard money soft money type them you know and cat.

You just thought there was an effort strands exactly I don't there's any good sentence in a fatal results from the around 2627.

Dollars and shot -- -- I think that's a -- -- -- you can go back and you can look at say for example eBay became public in September of 1998.

And would would be I think is split adjusted price of two dollars a share back then and immediately went down two dollars and got cut 50% -- half there.

Herds are have been cut in half rather wouldn't that be returned -- -- -- had a rough but the stock turned around.

And then turn around and it we -- after eleven days and turned around and made new highs very quickly.

And I think you better watch out here with -- if you're trying to -- yet right now a got about 10% of the flows being sold short.

Everybody I talked to wants to short the stock when I come on buying it they think I'm -- that's the sort of thing I like to hear -- Tell me about gold that that's your traditional subject on this program.

Fifth just -- -- to disclose.

You're right I never bought gold until 2000 I'm not a gone now and he's nine year old guys who bought gold in 1980 -- -- sitting on it since then I -- the trend started in 2000.

Now I think gold is just and a consolidation as I told you think a week or so -- I'm a buyer off the lows around fifteen point six down at 15100.

A physical gold because I do believe you need to have some hedge against Fiat currencies going forward I do think at some point you'll see inflation.

But right now you don't really have a lot of Q leave it to those Spanish deal it's not really that big.

And Bernanke was out last Thursday telling everybody that there's no QE3 at least and it.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --

Watch Live

Finally Time to Buy Facebook?

Details

Clips

Latest Video

Apple’s Very First Computer Up for Auction

Defining Your Own Success

Memorial Day Forecast

Student Loan Rate Showdown

Stocks Extend Losses

Outgoing Los Angeles Mayor Broke?

Snagmobile: An App for Concession Stands

Memorial Day Driving Forecast

A Reason to Buy?

Treasury Bonds Dip Lower

Latest Threat: Iran

Tim McGraw Honors Troops at Outback Steakhouse

Transcript

Recommended