joining me for more, senior analyst ken hoffman.a's exposure to aluminum, it is pretty unique. sales are down. toommon thought has been stop production. what do you think? beaten five quarters in a row. a lot of people are looking at that and wondering if they will do six in a row. the industry is going through a lot of consolidation. on the negative side, there is a lot of aluminum capacity coming on, particularly in the middle east. smelter in saudi arabia that is turning to ramp up. in the meantime, they are turning to slow down capacity. but the three that are coming in the the -- are automotive sector. what if the whole u.s. truck industry goes aluminum? a new source of business for them, while industrial uses may not be as strong. overall, though, if you take a look at the commodity markets, it has been ethical for 2014. nickel is up 20%. gold up eight percent. but copper is down 10%. when you take a look at the markets, what is the biggest thing you -- theme? -- in the thing is last decade, everything went up or like last yea

or more, i am joined by ken hoffman. no joins us from the floor of the cme.ings? >> silver has been a real disappointment over the past few years. down 30% since the beginning of 2013, versus gold which is down 15%. the main reason, china loves gold. they do not love silver. it -- imports are done for years in a row. >> is retail demand stoking the market? 18%.ndustrial demand is that goes into batteries and electronics. the rest goes into jewelry and investment demand. >> you trade silver. how are you treating it today? -- trading it today? >> it is difficult to trade. it is a mixture. it has a medium strength correlation to the dollar, negative correlation to the dollar, and it trades in anpathy with gold but not in 80% rate. more around 70% along with gold but falling fast. ofomberg reported at the end march that the inflows into silver etf's were slightly higher while al of gold were passive. -- massive. very difficult to trade. trading it, you have to include technicals. not so much with gold or equities. silver very difficult to trade the point it is at