dakin campbell, and was for bloomberg. in the securities banking analyst, who is joining us and new york. what is your take away right now from this quarter and what we saw from citi and jpmorgan and wells on friday? cents of a cannot 41 versus our estimate of 34. a couple cents in tax rate. they still beat our estimate by about a nickel. better trading revenue and better credit are primarily the drivers. what is encouraging about that, trading was in line with what we saw last friday. jpmorgan and citi both better, especially unfixed. credit was better, but it was driven by credit costs. it is more sustainable. so i've of the b of a results were good, actually. -- i thought the b of a results were good. i heard discussions before, and i would have liked to seen the beat, but at that point, you are starting to knit take a bit. -- a bit.t-pick jon: and fixed rate, was the same from the big banks on friday. we talked about whether the pie is getting bigger or whether they are getting a bigger slice of the pie. people are loo

dakin campbell is here with more.er was a former alumni, he was there for a number of years, and they have a long-standing relationship. at 25 yearsere before he started his hedge fund in 1991. was ae left goldman, he partner, head of their asset management business, so he was one of the most senior people at the firm. matt: i'm assuming that leon cooperman's reaction is i'm not guilty and you are leaving to judgment. right.tly from goldman standpoint, their retirement fund taxes a fiduciary for the employees who have their money in there. so it was -- they want to get ahead of this and they are not saying anything or jumping to conclusions about leon cooperman , but out of an abundance of caution, they are getting out of it. scarlet: how did his fun do for goldman employees? we got some performance data from when he first started managing money for them in may, 1993, so 20 years ago. he has beaten every major stock market index in that performance. this money was held in a justately managed account for goldman employ

dakin campbell, thank you.ld, gold has been taken a beating in the past week as speculation grows of a rate hike from the fed in december. asia, the daybreak evolution mining chairman was asked what he sees gold prices heading. >> in context, conditions are favorable for gold, but as a gold mining company, the only thing we can do is ensure we get costs down, generate cash flow, and you see that consistently. >> how about in the longer term -- other factors that give you confidence prices will go higher? klie i am optimistic. n: we are in an environment with unprecedented interest rate. it is difficult to see rates rising a lot -- maybe 1% over the next one to two years, but is that a lot in terms of how far they have come down? in that environment gold is going to be attractive to investors. now, jake, gold futures are down in the past four days, and evolution mining shares are down 9.7% in the same timeframe. if this continues -- if gold continues to fall, what is your strategy? is klien: so, our strategy ver