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Theater Peter -- they go to politically you for a second -- we had this meeting.
Between Boehner and -- -- various rumors about whether anything was accomplished or not I don't know.
Is is that affecting the market at all or did they -- see that -- chatter in the background.
-- is chatter in the background but David we've have no volume.
Very very little market as was pointed out earlier that trading band is exceptionally.
There there is very little institutional involvement in equity markets because of what's going on and watched -- and of course there's a whole variety of other factors involved.
But that fiscal -- conversation is really.
You know it's kind of all all watch -- -- -- that there's nothing new on the horizon there of course the counters running against them but that doesn't meaning he's actually gonna get a.
Make your case on what to buy it doesn't matter if there's all this uncertainty there's my ways of -- isn't there there's always a -- What is it and make the case for why.
Well as mr.
-- that in -- earlier segment.
The Fed is supporting risk and metals had a great day today and that's quite frankly -- loved precious metals not so much industrial metals because I think next year we're gonna be in for a tough slayer.
Especially if we see December a close out in the negative on a monthly performance in spite of the unity performance which has the NASDAQ -- yesterday in the -- all up very very handsomely.
-- December closest to the negative for the month.
And do that the fact the next year's the first year in a presidential four year term we could have some very very stiff had -- What can I just just you -- music metals did beautifully and and if I'm looking at gold okay it was up about a half percent at least for gold futures of today how high grade exactly -- about a percent.
-- because of decent data out of but China and -- beautifully I mean that now we are back about 17100 -- for gold but where does it go from here.
All I I think you could see gold all over the next year are we talking about I could see it couldn't.
Very very definitely outperforming equities to the tune of 22 to 3% I mean.
If equities put in a positive year next year which would be a bit of a surprise given the historical data that would support.
A negative performance -- given the fact that.
You know industrial production is slipping in the youth EU.
GDP here in the US has has hardly been status we've been two point 7% over the last over the -- 42 months of expansion.
And it seems to be -- guidance what it is an earnings what they are slipping.
I I think you could see gold definitely outperform.
Equities by two to three multiples.
If the Fed continues its current policy of supporting risk which we're now -- -- Globally well I think it's -- -- let me just bring John back in because he's been following commodities as close as anybody John.
What do you think about that is it is it conceivable that in 2013.
We may see commodities particularly gold.
Do as better then maybe even twice as well as equities.
On -- I think there's there's little doubt about what happened -- and I would also flow went through.
Into -- -- argument that.
You know we -- of the world right now we're central banks are competing with each other to devalue their currencies it's the only way to really generate.
Endemic economic growth -- perhaps support the export sector.
So -- central bankers -- themselves to zero.
Gold has only been upside I think -- -- -- dollars is a conservative that he Peter wanted to get.
-- the last -- go ahead Peter.
-- and it I could not agree with him more I mean 18100 hours -- agreement with use -- -- agree we can't -- -- god yeah a couple of well well -- -- -- makes total sense if you look at what the coordinated central banks around the world are doing.
Where else you gonna go right.
Peter -- again you don't if you're not getting his material on the Internet should find out how Peter Kenny.
Great to see John Brady we'll see bored -- with the close to the S&P futures coming up -- settlement.