kokou: well, i don't think the dot plots are enough. it will be a question of forward guidance, the aggressiveness the government will relaunch the economy through infrastructure spending and other fiscal measures, but it is an environment that is complicated because of the pandemic, creating a decreased output cap and the expectation longer-term, the amount of government zombie issuance will be significant. we are more likely to see real rates going negative, i.e. inflation creeping up in the long-term bond yields put in check by the central bank to avoid things going out of control when it comes to cost of financing. annmarie: you talk about uncertainty the fed is seeing. we have a weak dollar and mliv talked about gold and a fitting from the election. do we get a new boost into year-end? kokou: i do believe gold will have one leg to go forward because if you look at gold, it is a bit of a measure of the value of the dollar, and clearly the recent selloff created a bit of profits taking, but going forward, the liquidity like to -- lik