gina sanchez joins us. good to have you back on again. >> thanks. >> i was asking our previous guest the last half hour whether we just buy into the banks at this stage or whether it's too late. is there more to go. especially european banks. >> we think if you saw what happened in the first quarter there was trepidation, big concern around le pen's popularity. once that became clear, actually really once the election happened and macron started to gain some popularity, you saw pes starting to expand, except in the banking sector. the banking sector was very, very concerned. we didn't see the bounce. french banks bounced almost 6% yesterday. >> yeah. >> i think there's more to come. i think that it's still not over, but largely the world is basically saying macron has enough support from the traditional parties to likely lock le pen out of the presidency. and if that happens, then the banks can breathe a sigh of relief. so i do think there's still more value to be unlocked here. >> i was looking at some pol

let's find out where gold may be going, we have gina sanchez, like oil the conversation we gist had,s going on with gold? >> the long term economic trends are against gold. if you look for example at the economy, it is a strengthening economy, you do have firming labor markets, i'm looking beyond the job growth number and you have rising interest rates, we're expecting the fed to hike two more times and that could come a strengthening dollar. all of those three things work against gold but you have a fairly ineffective administration ayou need some political prouess to push an aj agenda in washington. the debt ceiling deadline will be a test for gold. obviously syria was a push towards gold going up but we'll have to see how that shakes out. >> matt, gold with the exception of a short run has been in a down trend since 2011. had a nice pop-up about a year ago. do you think this is just a hiding place, a parking spot and that gold will ultimately return to its longer term down trend? >> well, it's going to be interesting. we're coming into a critical area in the next few weeks. on a t