discuss both earnings and what is behind mining's disconnect with gold pricesize goldcorp ceo chuck jeannes. and chuck, this is a real quandary for a lot of traders that have always pointed to this historical correlation, the gold miners should do better in an environment where gold prices are rising. why do you think there has become this disconnect? >> well, there has been a quandary and it's gone on for a couple of years. and i think there's a variety of reasons. the simplest, though, is it was much easier to put some optionality value in the equities when gold was trading at $300 or $400 or $500 than it is when gold's trading at $1,700. it's just the up side from where we are today is not quite as easy to see. as it was back then. so that value has come out of the stocks. the second point, of course, is 10, 15 years ago if you wanted exposure to gold you really had no choice but to buy physical gold or the gold equities. now you've got etfs. so that has taken some of the demand for the stocks. but i think one of the key issues is that we've now seen this turn around. in the last 90 days