to his point with regard to cyprus selling potentially eece, who knows, maybe even italy, this is a poor inditor for future growth. now when you look at how many people are long gold, a lot of that selloff yesterday in the market was for margin calls. today --. melissa: that wasn't, you don't think that was the result of anything else tat was going on around the world? a lot of people thought maybe you would pounce on gold if you saw what was going on in boston. maybe that is a little bit of a bounce back that we with saw today. you think it is really aut global weakness and it continues? >> oh, absolutely. if we look, melissa, just over the --. melissa: hedge fund unwinding, pardon me, hedge fund unwinding as well. >> indeed. and also a billion dollars poured out one. etfs on friday. gold etfs are backed by physical gold, when you cash out of the et. if you're dumping physical gold onto the market. that certainly exacerbated the selloff. over the weekend what got everyone excited? china missing its gdp numbers. we know japan is a mess because they're going to their own quantitative easi

i remember how shein eec le a conservative revolution in a number of countries by being elected in 1979 in the united kingdom just before ronald reagan was elected in 1980 in america. and you had the election of conservative leaders in germany with helmut kohl and canada with brian mulroney shortly thereafter or contemporaneously there with so it was quite a conservative revolution in governments aroundhewold. i ree with what george said. she really didn't mind it at all if you argued with her. if you engaged or jousted with her on policy. and we did... we had to do that as well from time to time. i never will forget an incident in the oval office when we were trying to convince her that we should go to the united nations to get a resolution of rce authorizing e ejection ofiraq from kuwait. we didn't have the support of the congress. we had a democratic house and a democratic senate. and it was our view that if we got the rest of the world behind this effort, we could then get the american congress which proved to be the case. but she didn't want to go to the u.n. because she was afraid

do we eec to hear more from th psintday? >> john, there's no official word from the white house that we will. i will tell you that he is 00p.m. whichasreously ventt scheduled to honor the nascar sprint cup champion. you can kind of see how that wod -- that's sort of a light event and it woun'e far from the realmf expectati th tt may be canceled. in fact, talking to sources this that that's definitely in ense coidatn.bu psint obama, accordi to a white house official was briefed ovnit. he's very much focused on what happened in boston and moving forward trying to figure out who did this and why they did th. he was briefed overnight by his homend security adviser. 's gngo be briefed this morning by his homeland security adviser alissa monaco, as well as the fbiecto rer elr. and wele waiting to see if he says something else in addition to his comments yesterday where he said that the u.s. will respond. >> we still do not know who did this, or why. and pelehouldn't jump to conclusions before we have all the facts. but, make no mi