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Really trying to take credit for the big run up in the Dow and the S and pity we are -- fool close to four year highs on those two indicators.
Who should take credit for this -- joining the company from Los Angeles is -- Alice with the best named company on the planet the virtuous selfish investing dot com.
I -- and the Dow S&P 500 -- four yeah -- -- and I noticed gold has moved up to us 1640.
Who takes the credit why are these -- these markets going up like this.
Well I don't think the Obama administration can take credit because he can't point any policies that have led to any sort of economic boom we've got -- unemployment over 8% for more than forty months now.
You've got over 45 million people on food stamps the highest ever 15% of the US population.
You have these so called job machines like Solyndra going bankrupt you've got shovel ready jobs that weren't so shovel ready.
So I don't see any policies that allow the Obama administration to take credit for the rally the rally is really.
Mostly the function of QE and the fact that zero.
Hold on second go home loan -- gonna get bonus if you use a job and loaded word like that you're talking about a band printing money you'll saying.
Band yes has been printing may print some more Mariel over in Europe may do the same.
You'll laying the -- the credit for the stock rally in the gold rally on money printing life.
Yes exactly if you wanna -- credit yeah Abbott that I think is is the main influence for the stock market rally is in real terms of market hasn't really rally that much at all okay.
I always come to you -- from political I don't know because I don't you're trying to that you don't sell list I don't feel like you don't grinding and -- -- -- trader of this a you know buying banks.
We actually got to buy signal on gold this past Friday in Vienna by -- on silver on mandates are actually playing silver because it lets us take -- more leverage on the upside it seems to be moving -- here.
So will go at that buy signal our view is that as long as gold can hold a 1620 level and silver can hold I believe the 28 price level.
The rally is intact and that buy signals that we are playing and looking for a move to the upside from here and it also might be telling you that there is some Q we.
In the offing here and that's what they're telling you right now how about the stock markets is there any area that you'll buying into for the moment can tell us.
Well we've been buying we're -- market previously in August but as they told you before another appearance is that -- -- approaching the market mostly as an active trader in other words if we have a 20% gain.
In a stock -- are you have a nice move in the market for several several days will sell into that so yesterday we actually sold all our stocks.
And went back in -- cash on that basis looking to buy back into a pullback is a market has been very volatile I think it's more trader's market.
Than -- investors mark is that is that how you operate deal you're on up all in.
All Europe all -- now on a daily basis well.
What we try to identify trends and you know there have been periods right among the market for several months even more than a year at a time when -- in a bull market trend that is sustained but the markets that we seen.
In this decade I had seen -- two thousands -- taken more recently been very choppy in Nazi news related and Q we fueled in our view.
And so they're mostly choppy trading markets -- we just suggested the environment but if we could find a nice clean upside trend.
We -- death they -- to play that and stay long for a period of time and I think if we had -- you know we have a Romney rally of that we saw a change in the administration November and think that could sustain.
A bull market through next year and that's -- we're looking for very interesting gill morale has from the virtue of selfish investing don't -- thanks here -- -- we'll see you soon.
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