--Yeah, there seems to be a bit of give-up here in the gold market. The gold had a phenomenon rally last 12 years. Really, but it's struggled in the past 6 months or so, I think the fact that it wasn’t able to gain more attraction even with the Fed doing quantity of easing and another bank of Japan doing quantity of easing, which in theory, would stimulate inflation. The inflation is not taking hauled, and a lot of, I think a lot of speculative investors who bid in gold are throwing in towel, giving up and that is feeding on itself right here. It’s honestly getting kind of ugly for gold, maybe we’re gonna till the end to sell out, but it’s not pretty right now.

 

--So is it officially in a bear market and will affect other industries?

 

--Yes, it’s officially in the bear market as of this morning down more than 27% from its all time high. You know, it affects other industries and I think again the tie is back to the story, the broader story for commodities, selling off amid fears that China’s economy is slowing, the US economy, you know, we’re doing ok, but not great, Europe’s basket case, Japan, they’re trying to get off the mess. So

 

where’s the growth, where’s the great story that’s gonna drive the demand for commodities. Maybe it’s Brazil, maybe it’s India, but that's not enough there to really spur the kind of demand you need to get prices moving higher from here.