· Think the fundamentals for gold are spectacular especially with the big mines reporting less gold being mined than originally anticipated.

· There is a lot of gold in the world to be bought so its tough for him to answer the question of what will happen with gold in 2011. The more money printing the more people know they have to get into gold. His technician thinks it will go to $2150 this spring.

· Thinks silver is easier to predict. Thinks it will get to $50 especially when people start to realize there is a shortage of it. Talked about how difficult it was to get his hands on all the physical they bought.

Puts the recent weakness in price 100% to options expiration yesterday