Word on the Street

" How about those funds right now according Alan Garcia and landmark often. It's it's the same story it's been for quite awhile. Resilient market. Happen now you see the dollar goes up -- the market kind of bar and get back welcome them all down oil comes along have a quiet so why as a stronger dollar. Bad for stocks that seems almost out of -- but does it really yeah but you know the commodities they just kicked -- Akamai and oil which is 20% the S and -- those documents the actual command and that's instruments on everything -- to win unless it so what's -- here. But you know again we -- earnings today earlier earnings cost up the revenue they still -- Monsanto that night on the revenue will remain -- so suddenly they make that the bottom on the top line this little Mississippi -- is again a little. Anxiety over that that you know did not making any money they keep missing on that -- on the bad -- just not there so what do we want to those aren't pretty closely this quarter level -- at the top climbers last quarter of the films in the volatile market -- now it's. It's guarantee you don't want to climate missed yeah. It's I think that's what's going on we'll be watching that really this quarter -- got an outside of our hearts -- asked. Let's go back upstairs for the most --"

" Thank you -- now let's get the buzz beyond the big board in Jersey City our friend Peter Kenny managing director of night equities Peter good to see again thank you was at what point -- the markets as a weak dollar become a concern because right now we move higher on a weak dollar. I."

" Bottom line was I think it is -- a growing concern the weak dollar though it is in contrast to what the federal government is saying we want to strong -- that's what we hear out of the White House. That's what the world wants is a strong dollar because that whole matrix of global trade is based on the strong dark. We're not getting a strong dollar we're getting a relatively weaker dollar as gold continues to rally. Unfortunately for the dollar I don't think we're going to see much of a change in that trend. Fred very very critical point in terms of the dollar visa -- other currencies baskets of currencies and gold. Gold has clearly taken the lead Australia's move to raise rates yesterday further supports that commodity based currencies continue to act well."

" That's -- burn down Peter if we can on gold and I know you're not a gold analyst specifically but that theoretically you know we've seen quite a run in gold new record highs. Eyes seemingly everyday this week what we take a look at the performance of bull versus other commodities say silver. Other commodities have outperformed gold handily so far this year in your mind is that still the case -- Gold to rise even further or perhaps a correction in some of these other commodities like a silver or copper which are the more industrial commodity."

" Well that's a great question and they are industrial copper is really no more geared towards. Industrial capacity. Housing. Has a much broader application. Gold is more singular in terms of its value is recognized by you as as pseudo currency if you will. -- play is more a function of the global trade whereas copper has more to do and so -- has more to do with an industrial trade so. We're talking apples and aren't just kind of but if you link the two baskets gold. Verses copper and silver I think you'd have to say that gold has further to go partially as a result of its relative underperformance. Partially as a result of its relative significance in comparison to the dollar's weakness."

" Right are used to getting the sense on your Florida they're still -- institutional interest interest amongst your clients and putting more money into gold in Dore Gold miners."

" I don't think there's any question that that's going to be a major theme for the markets not only in the fourth quarter of this year."

" We're going on the next year -- two years absolutely. Okay Peter great speak with you Peter -- night."