for years it was right to own bouillon at gld.ow i think you're on the right side it's probably better to be owner of the companies involved in gold mining, rather than gold itself. that's the first time in years i'll say that. but i think you're absolutely on to something. >> dennis, before we get you out of here the grain market, boy beans, the upside momentum appears to have been lost. >> i think the highs are in for beans, joe, quite honestly. the corn crop is lost. i don't care how much rain you get the corn crop is deteriorating and getting worse. beans are going to be made. temperatures are cooler. we're get being a little bit of rain and the bean crop will probably be okay. those highs of a month and a half ago are probably the highs for a long time going forward. can't say the same thing about corn. the corn crop is going. >> they're going to kill me for asking one more question. you always own gold in something other than dollar terms. what would get you to change that? >> probably nothing right now. i own gold in yen te

one miner hoping to capitalize on the recent strength of bouillon prices is junior miner star resourceit operates the pulse gold mine in western australia. >> this is a mine that we bought just two years ago, we had our anniversary a couple of days ago. we're an aggressive little small company that just started off. the gold mine is a very high grade high margin gold. >> reporter: they embarked on an aggressive plan to upgrade its facilities and aims to boost production significantly. the expansion of their operations will see annual gold output jump from the current level of about 80,000 ounces to about 115,000 ounces by the end of 2013. the company estimates at a cash cost of between 610 to 690 dollars an ounce. despite the optimistic forecast, analysts believe the targets achievable. >> i think the management to date have demonstrated their ability to hit those ambitious targets. and i'm pretty confident that in the future they will at least achieve it if not outperform what they said they will do. >> reporter: analysts have a buy recommendation on the stock. there may be challenges

. ♪ >>> this is potentially a very big week for bouillon. gold prices closing right now.ney reagan with the latest. court? >> that's right. after the bernanke comments, we sold gold sell off and then after they digest it, we saw the prices move back up. hit session highs right around noon and looks like we're still about $13 shy of the $1,700 technical level and gold, silver and platinum are set to finish this month as their best since january and most of that is in speculation to what ben bernanke was going to say. now he said it. we have what he's going to say. i'm joined by paul sachs. what did the comments mean for gold to you? >> yeah. it's all a function of who's had time to read all 5,000 words and who has not. things i saw him referencing the potential diminishing returns in terms of what he's doing and they're really learning as they're doing. this is very unchartered territory in terms of how effective what they're going to do will be and how they can once they're there back away from that ledge. we had a spark in the volume around 10:00. 40,000 lots. that's ver

. >>> gold finishing higher for the week and interesting week for bouillon.e deangelis tracking the action at the nymex. jackie? >> hi there, simon. gold prices trading and closing a hair higher today but in a close range. below the ceiling traders told me we wouldn't pass through this week. silver best performing this week, up 10%. there's are trading in a close range. uncertainty of monetary policy and keeping us here. in addition, traders talking about the gop and the potential to call a commission to restore the gold standard. you guys mentioned it before. that's not really impacting prices. copper trading a little bit lower today. platinum also getting a little bit of relief on the situation in south africa. there's a labor minister meeting today and watching for headlines on that. that's the action here. simon, back over to you. >> thank you very much. >>> up 78 points on the dow down here at the new york stock exchange. these bernanke comments turned us around, bob. >> it's very interesting because really he's not saying anything new at all. in fact, p

an etp or symbol gld which owns the metal and does a terrific job of its price and you can have bouillonscal parts of gold. that makes sense for a lot of money and can afford to buy it in bulk and pay it towards a depository bank. i like it if you can to it. what about the gold mineers? if you pick the right company one with low production, it can outperform the commodity for a period of time, but, remember, it won't trade lockstep with the commodity and the same thing that makes gold valuable scarcity, how to get out of the ground cheaply and not a lot of new mines and gold miners can screw things up in countless ways, debt, finding costs, got whole geographies with a lot of gold that you're afraid to go to. virtually every single time i've gotten behind a gold stock in recent years i've been burned. startup delays, higher than expected cash costs and expropriation and every time something goes wrong the stock gets hammered and finally i gave up on the entire and stuck with the gld, the physical commodity. if you want exposure to geld and not only want it or need, it it's your portfolio

much higher than the incidents for other traditionally thought of groups when it comes to bouillon. one of the things we're doing every day is working to eradicate that. we are partnering right now with nascar with huge anti bullying campaign at the brickyard 400 right now. we need to change so that all students regardless whether or not they have a disability can learn in a place where the first thing they need to think about is their education and not survival. turning to the platform one of the things that is so important for americans with disabilities is employment opportunity. so last december president obama and department of labor issued a notice of proposed rule making of section 503 of the rehabilitation act of 1973. what this would read do is require federal contractors to set higher targets around people with disabilities. it is 39 years overdue. this president's leadership has moved the ball forward. we haven't seen a final ruling yet but when is implemented it will be the most significant change in employment opportunity for people with disabilities in american history

the best thing is own the gold bouillon, you can't keep it in your house, too dangerous, find a depositoryput it in wilmington trust. remember in 1984, our government confiscated gold. i don't mean to be anti-patriotic. for very wealthy people who watch this show gold is good and you can put it around the globe. i know it may sound like sacrilidge. it's what very rich people do and i won't tell you what they don't and not give you a bum steer. that's what they do. >> did chavez's gold boat ever make it? took all the physical gold back to venezuela? >> it was sitting deep in the water, all i know. >> remember when the communists seized all of spain's gold because they wanted -- the communists had a very good sense -- >> if things get bad enough, as interesting as gold is, you can take the gold, i'll take some soybeans. >> exactly. give me something to eat. always good to see you. >> thank you. >>> time now for "squawk" on the tweet. facebook director peter thiel has sold most of his shares. we are asking you, early investor and facebook director peter thiel unloading a majority of his share