the difference of course is that gold is something that governments want to control and regulate whereas bitcoin is beyond government regulation and that's really one of its beauties and i think that's one of the reasons why an authoritarian like kruger and you know lover of government hates but queen so the fact that you can't regulate it is one of its attributes except it is regulated it's not regulated by government it's regulated by the market it's regulated by everybody who studied it in analyzed and sees that yes this thing has utility and it has usefulness that's the best form of regulation i mean government regulation fails all of the time look at two thousand and eight every one of those institutions that failed was heavily regulated what the competition didn't accomplish that regulation didn't accomplish anything but when you're regulated by the market and people can pick and choose what's good and what not what's not good that's the best form of regulation that's what peter called the creative destruction of ca

we're going to see a ratcheting up of the gold price just like happened after the london gold pool collapsed in one thousand nine hundred sixty eight i want to talk about paul krugman for a second is over there the new york times and you can't have a big got a state sponsored manipulation without a propagandist and paul krugman is their ostensibly economics writer although he doesn't seem to know much about economics has made a couple of remarkable statements recently one is that the u.s. dollar is backed by guns there's no intrinsic value that we understand but if you don't take it we're going to shoot you essentially that's the statement your thought well you know that's not the way markets work you know markets work on voluntary cooperation between individuals and it's markets that chose gold and silver as money in the first place what governments have done is they've used guns to supplant the free flowing of gold and silver as currency in money throughout the world but what they've created is this third tarion environment in which governments and individuals the power balance is no longe

they made it really and then the gold actually trust action committee get picked up on the story and then shoal who went into overdrive and that resulted in germany asking for their gold back from new york and other places and now four or five years later they're being told you know what effect chip sucker and you know another thing that's emerged recently is that tim geithner himself specifically threatened s. and p. when they threatened to downgrade the u.s. debt from aaa and sure enough they were investigated soon after they did downgrade the u.s. so that's in response to those people who say the u.s. would never care. about the price of gold they don't care about that but obviously they do because it's command and control they're trying to control what are they trying to control the trying to control perception about their integrity and their ability to control things they're trying to control their sovereign bob price and believe that they're worth one hundred cents on the dollar. because if that's not true then price of gold should be at six seven thousand dollars an ounce and t

it is the planned site of europe's biggest gold mine. international investors are on the scent of billions of euros in gold. but resistance to the project means the plans are on hold. >> my investigation started in a transylvanian city, one of the most well-off places in romania. i constantly come across this slogan. it is a symbol of the resistance movement against gold mining in romania. i have been invited to the heart of the resistance movement. for activists, saving the environment is more important than earning billions from gold. >> there were other companies that did not resist coming here. if you look at what we did, we were always one step in front of the company and the organizations that supported the company. look at the crowd. the media said this is 150 people demonstrating. >> there are a lot more than 150 people. many of the protesters are young. romania was once one of the most rude old -- most brutal eastern bloc dictatorships. but this is a different generation from the one that fought communism. their fight is against

q one of the physical delivery of gold thanks to the report we did a few years ago which started the whole in motion they suddenly realize that a gold stoli but it related be there never get their gold back and see what your bank which is there j.p. morgan is probably technically insolvent without a shadow of a doubt now that is something that was announced in one of these articles talking about the bundesbank only getting thirty seven tons back they did mention that it was that you and i went into the bank in case you don't know this march eighteenth two thousand and eight that weekend bear stearns had collapsed j.p. morgan took over the bank on a sunday night. bernanke slashed interest rates by seventy five basis points on sunday night monday morning at nine am we had a meeting at the boone to spank they were in tie us absolute chaos there were people running around everywhere they filed this off on to some executives that they didn't they were supposed to speak to the head of the gold market and axel vedder at the time he actually specifically said nobody is allowed to meet with th

you're subtle in cash because they don't have the gold that's in asia now the gold is gone exactly because as we've been discussing this command and control system is based on having value first they had to get rid of gold and the gold standard but in order to keep people believing in their fee currency they have to control what is the alleged supply and demand of gold now article then goes on to say the delivery problem for the fed is a different breed of pig the gold market is far more than exchanging paper money for precious metal indeed the metal seems something of a sideshow in june last year the average volume of gold cleared in london hit twenty nine million ounces per day the world's mines are producing ninety million ounces per year the traded volume was many times the clear volume look it's an open secret that if you want to make a quick buck from a hedge fund you can call up any of these money center banks and borrow let's say ten or twenty billion dollars and sell counterfeit gold contracts on the market and they do it all at the same time there's two. hours in the day when the

gold you can't look into this deeply or the whole thing just fall apart gold set a good deal of the gold teeth why should we be mining gold at all. we already have huge amounts of mind to gold in the world the value of the place we have to live of the water that we need to survive it's not compared to any gold we're not going to eat we're not going to bait. we're not going to drink. you offered me the choice i'm looking at some sixty seven foot. of gold i'm looking at it all day and the alternative that was to have all the farmland of the country for a quick profit to get a piece of metal to stick and of walt so we can say we own it. we're destroying the very future that we want to there we're trying to secure all the litany of problems and by the nations to get this gold out of the ground and then you take this pool and you take it home to your country and you bury it under the ground. out of the crowd in the british under. the way back to the. on behalf of montana explorer dora and gold court system we are committed to being in san miguel issue. with a vision here a long term visio

thousands of miners are joining the muslim gold rush of the struck gold in the forests of the cool throughout west africa all blessings are permitted all its attention is turning us to for the next swept up in mining fever. you know that the miners eat thanks to our gold medalist but in ways we either thanks to our lent me most would depend on corn beans and one other earth gives us . the market share so you and i think that i am one of the people affected by the mining company and the truth is where witnesses to what has been happening most of our wells and springs have dried out because of the drilling and the time know what if you wanted it them be and also because they use the water to wash the goal it's not all. you. but they don't know where it. is them or where in resistance in some is i mean again for many reasons isn't that it is that we're fighting to defend our land salau to defend our water to defend our health. and this is why the company has denounced us so much. are you. going to go. fuck then was i have seven children i am twenty one years old. i am married. and that's my husb

gold flowed. out the united states and france in particular were just hoarding gold they sterilize gold inflows that is they did not lower interest rates automatically when gold flowed in also the british made a key mistaken one nine hundred twenty five the pound sterling was sort of the linchpin of the system when britain reentered the gold standard they kept the same power of the exchange rate parity that they had left the gold standard in one thousand nine hundred fourteen and so the pound sterling was significantly overvalued because of the inflation britain and experience during world war one this caused britain to experience considerable deflation and recession which produced enormous political strife and britain was eventually forced out of the gold exchange standard in one nine hundred thirty one and dozens of countries and mediately followed now can you tell me a little bit about france's gold fourteen. well basically the if the french. simply stopped following the rules of the gold standard they

gold flowed. out the united states and france in particular were just hoarding gold they sterilize gold inflows that is they did not lower interest rates automatically when gold flowed in also the british made a key mistaken one nine hundred twenty five pounds sterling was sort of the linchpin of the system when britain reentered the gold standard they kept the same power of the exchange rate parity that they had left the gold standard in one thousand nine hundred fourteen and so the pound sterling was significantly overvalued because of the inflation britain and experience during world war one this caused britain to experience considerable deflation and recession which produced enormous political strife and britain was eventually forced out of the gold exchange standard in one nine hundred thirty one and dozens of countries and mediately followed now can you tell me a little bit about france's gold hording. well basically the if the french. simply stopped following the rules of the gold standard they did

gold keeps going up and up riven by a sense that the world is out of whack and gold can somehow keep us safe the price of gold said a brand new record this week that the hundred dollars an ounce down is a minus and joining a masonic gold rush a destructive goal for the poorest of the pool throughout west africa all lossing depleted gold gets attention is turning us to will be next swept up in mining fever . you know that the miners eat thanks to our goal not the midwest but in ways we eat thanks to our land of the me most would depend on corn beans and one other earth gives us. a market share so you in africa i am one of the people affected by the mining company and the truth is where witnesses to what has been happening. are wells and springs have dried out because of the drilling and the time know what is wanted it them be and also because they use the water to wash the goal it's not all . up. but they don't know where it. is them or where the resistance here in sun is i mean again for many reasons isn't that it is that we're fighting to defend our land salau to defend our water to

simply stopped following the rules of the gold standard they did voigt some mistakes that britain. made for example they. had their currency about eighty percent from the pre pre-war parity. which helped enormously to count for the inflation that the experience but they were putting enormous pressure on the bank of england for example which was running short of gold stocks of sorts settling their trade balances in gold but there was a lot of political conflict reemerged in the one nine hundred twenty s. over the reestablishment of the goldston do you think that contributed to the great depression. absolutely the currency and trade wars of the early one nine hundred thirty s. helped to strip spread the american great depression globally and really created the environment of misery and anger that pave the path to aggression for hitler and mussolini the us treasury was very concerned about this and indeed the bretton woods conference in one nine hundred forty four was held very much to ensure that in the post-war period this type of currency and trade war would not again reemerge becau

of the water that we need to survive is not compared to i mean gold. we're not going to eat we're not going to bathe. we're not going to drink. you offered me the choice i'm looking at some sixty seven foot. of gold and looking at it all day and the alternative that was i have all the farmland in the country for a quick profit to get a piece of metal to stick it of walt so we can say we own it. we're destroying the very future that we want to there we're trying to secure all the litany of harms and violations to get this gold out of the ground and then you take this pool and you take it home to your country and you bury it under the ground. and to try to diminish under it but. it doesn't count. the way back to it. and it would go destined themselves. on behalf of montana explorer dora and goldcorp dam we are committed to being in san miguel issue. with a vision here a long term vision of moving people we feel part of this beautiful mean this appellate we feel like part of the family of san miguel ishtar cried today that has been confirmed plenty of the

or put forward these calls determine the morning and afternoon gold fixin's which serve as the benchmark for trillions of dollars in transactions around the world yeah and we know that the price is fixed with every single index is rigged we know this i think finally gold is being discovered to be rigged it was the last the last last market to be talked about in terms of being rigged because it's the one market that is the litmus test to decide whether or not the dollar baby. the markets are being rigged so now we know that yes the gold market is also rigged well yeah it's rigged by central banks on the one hand in order to make their currencies look stronger but this is a twenty year chart here from bloomberg and this goes back to the one nine hundred ninety three through twenty twelve and you can see that the spot price of gold tends to drop sharply around the london evening fix which is ten am new york time a similar if less pronounced drop in price occurs around the london morning fixing the same daily declines can be seen in silver prices from one

say the price of gold said a blend of this may be hundred dollars an ounce. thousands of minuses joining the masonic gold rush a destructive force goal the force of the pool throughout west africa all those things are permitted all this attention is turning us to will be next swept up in mining fever. you know that the miners eat thanks to our gold medalist but in ways we either thanks to or lent them with good dependent corn beans and one other earth gives us . a market share so you and i think that i am one of the people affected by the mining company and the truth is where witnesses to what has been happening most of our wells and springs have dried out because of the drilling and the time know what if we wanted it them be and also because they use the water to wash the goal it's not all. up. to. us and we don't know where it. is them or where in resistance in sunningdale is i mean again for many reasons is that it is where friday to defend our land salau to defend our water to defend our health. and this is why the company has denounced us so much. are you

the people to telecast isn't it because that's a lot of gold we know that it's much more than the annual production of gold and we know in fact that it's more gold that was even on the open market to be sold by various institutions even the i.m.f. except when he had it all up they somehow managed to get more gold then there was available for purchase therefore there is only one conclusion states like the united states are selling china their gold a lot of people have speculated that america is selling china its gold now we have proof also we also hear from sources that they are actually sitting right now on five to six thousand tons and their goal is to get to eight to ten thousand tons and therefore be in control of the biggest cash hoard or gold hoard in the world so why is america selling china its gold it is that the stupidest frick and thing they could ever possibly do. is not like they have a choice in the matter you know you have to maintain assuming that they also go and if they also adding them the gold. it's that they don't have any choice you have to maintain the exchange in g

nobody said i work in the world and i can get something for gold and nobody says no nobody will ever say no to go as long as there are humans on the planet that's just a theory of mine i can't prove it seems like there's a good there's a good correlation sort of was let's talk about the fact now that there's a german regular regulatory authority this week you said that the price of gold being manipulated with unimpeachably unequivocal a there's proof and it's a bigger scandal than library they say of course the four x. mark it's being manipulated. the energy markets being manipulated it's all being manipulated so where is gold fit in a world where every single prices raked every single market is is rife with naked short selling counterfeit so isn't that a reason maybe to shy away from gold as people suggest because they're saying why should i even bother it's such a rigged market i'm just going to get out of the shop buy a six pack appearance of twinkies and gorge myself to death is understandable especially off the watching its price performance even though that'

but the gold corporation still wants a green image. and so we visit a water purification plants after two thousand years of claiming that they are on the nile and streams in russia more time to look like this. the waters washed out heavy metals like cadmium what to say is that getting a new bottom of the vote. so basically yes yes. this lot all of it would be the beacon of light the non jewish life. but there's no life in him and that's when the kids. argument over europe's largest gold mining project has turned into a war of interpretation. dorsey says that gold corporation does more good too. they are deluded. and the dunedin to join us full for the tour will have to work. and am on my own way i'll put in a stall with the with the miners away. and for the first time and realize what the men are doing here fall break and going for gold. some of them are in the old roman mining shafts occasionally they turn up some old artifacts. i like is the ancient wooden ladder. it was the wrong way round when he showed no sign that there's no more

which then undermined the gold standard how many previous gold standards kind of amplified deflationary episodes. well that's one of the core crudeness favorite arguments here and it's completely wrong here's here's the thing crewmen like to say you know when we were on the gold standard we had all these financial panics and he has a whole list eight hundred seventy three eight hundred ninety eight ninety nine and you know one nine hundred twenty nineteen twenty nine the great depression all that we did have in the gold standard but i point out we also have panics when we're not on the gold standard one nine hundred eighty seven the stock market crash twenty two percent in a single day one thousand nine hundred four we had a financial panic nineteen ninety seven ninety eight global markets were hours away from complete collapse before long term capital management was rescued i did that but i was in the middle of that and i know how close markets came we were it was the middle of the night in new york we were hours away from the from the tokyo ope

which then undermined the gold standard how many previous gold standards kind of amplified deflationary episodes. well that's one of poor crudeness favorite arguments here and it's completely wrong here's here's the thing crewmen like to say you know when we were on the gold standard we had all these financial panics and he has a whole list eight hundred seventy three eight hundred ninety eight nineteen zero seven and you know one nine hundred twenty nineteen twenty nine the great depression all that we did have in the gold standard but i point out we also have panics when we're not on the gold standard one nine hundred eighty seven the stock market crash twenty two percent in a single day one thousand nine hundred four we had a financial panic nineteen ninety seven ninety eight global markets were hours away from complete collapse before long term capital management was rescued i did that but i was in the middle of that and i know how close markets came we were it was the middle of the night in new york we were hours away from the from the tokyo

which then undermined the gold standard how many previous gold standards kind of amplified deflationary episodes. well that's one of poor crudeness favorite arguments here and it's completely wrong here's here's the thing crewmen like to say you know when we were on the gold standard we had all these financial panics and he has a whole list eight hundred seventy three eight hundred ninety eight ninety nine and you know one nine hundred twenty nineteen twenty nine the great depression all that we did have in the gold standard but i point out we also have panics when we're not on the gold standard one nine hundred eighty seven the stock market crash twenty two percent in a single day one thousand nine hundred four we had a financial panic nineteen ninety seven ninety eight global markets were hours away from complete collapse before long term capital management was rescued i did that but i was in the middle of that and i know how close markets came we were it was the middle of the night in new york we were hours away from the from the tokyo open an

do you see consolidation as being the theme within the gold industry? we see it at the junior end. there are companies out there that had an advantage against their pierce. they probably have a better balance sheet. assets that are worth developing and building a pipeline of growth opportunities. i would be surprised if we saw large scale m&a taking place outside of ones driven by cost rationalizeations. if you have assets owned by large companies, put those things together and stream line the business. aggressive takeovers not in the cards. >> wouvent things that has come up -- one of the things that has come up in the conversations is the margins. i'm looking at it and really lots to report, hold it in there at $110. again, the cost of production versus where we are with pricing. these are very important elements when it comes to my decision about whether i hold rio or -- as well as dividends. what is your thinking on the metals? >> there is a big key for us, copper. i know there have been now for a number of years. the iron ore price today is $131 a

the best trade of 2014. >> smaller than a bikini, it's a thong. >> it's not that, alex. it's actually gold. we'll tell you why it's going even higher. an emerging threat. >> how dare you talk to me like that. >> we'll tell you why the weakness in emerging markets could ruin the rally here at home. the action begins right now. >> live from the nasdaq market site in new york city's times square i'm melissa lee. those are three people that couldn't brave the snow. want to know how to make money in 2014 check out the banks. the financials hitting their highest levels. bank of america busting out to a five-year high. is it too late to guess in these names? dan, that is a question everybody had on their minds, big performers last year, can they continue their run this year and sit ty came out and lit a fire under bank of america shares yesterday. >> yeah, it did. the stock is up a straight line in two days. it acts really well. technically we have a couple charts here. when you look at that thing breaking out like that on good volume, moving averages trending higher, technicially it looks great. n

back to the gold trade. >> i need the word clown attached to my name.om. >> the way i look at gold here is hopefully, figure out a place where i can play gold but don't have the risk spiking up. i would be long platinum against gold. this was at 0.55, gold to platinum. get out of that trade. get long platinum. >>> find out what caused one analyst to reach his boiling point this morning and put apple and amazon on his blacklist. so i c an reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. ♪ [ male announcer ] what kind of energy is so abundant, it can help provide the power for all this? natural gas. ♪ more than ever before, america's electricity is generated by it. exxonmobil uses a

the trade itself to consider. and then of course we also have to think about gold and the miners. nk we probably do have potential upside in these names, even though i have never been a big gold bug and wonder whether we might be in a longer term secular bear market. it seems like we're setting up okay here, as far as the upside in these names. the next issue is the trade itself, though. we are short the at the money put. this thing is decaying about as quickly as it possibly could from now until expiration, do i want to put the shares, not necessarily. i will stay short the put for now. and keep a close eye on to it going into expiration, the one thing to modify the trade, take a look at that out of the money call, that we are short. that thing is just a teeny option, we don't like to be short teeny options, that's the only thing i would modify. i would cover those, watch your limits. >> i would leave that call alone. that's not even going to come into play. listen, i like this trade at the time. i think the 10% decline, you had in the last month or so. i think it is technical stu

stars have been killing gold silver products for the year before. included are with gold and silver which pours out of metal core and core story and even horse art and craft. the gold market get off onto the prepared tin. the gold price has dropped about fifteen hundred us dollars brown to twelve hundred to help around. a decrease of about thirty percent last year. add the gold price kept going down this year many things and cold sores are making a lot of money with your the horse related products. for the globe are of course pattern. when one way out to be still for two thousand five hundred us dollars. call them the thing we went for nearly three thousand three hundred dollars this year. you're the snake. for the famous chinese help out. the chinese place and there's even though the price has dropped all year. they're still getting lazy about buying gold. if not we are going to keep investing in gold bars near the horse. that's a nice chunk of metal wood or stone them to be more meaningful than just investment. for some collectors for in the commem

now the biggest fan -- >> i love gold. >> -- needs know one thing. carter do now? now, this is sort of an interesting trade because the gdx is trading below the 22 strike put that mike sold. if it were to stay here by expiration, he as to buy the shares by 22 bucks but if it can close above that level he's off the hook. where's it going? well unfortunately carter is on vacation, but he did drop us this postcard. gold adored at $1,900 an ounce two years ago, yet, gold is showing all the signs of stabilizing. we remind buyers of gold and bouillon stocks. back to the beach. so clearly, carter still likes the trade. staying long. mike, where do you stand? >> you know, this is an interesting situation as you pointed out. for one thing we have the trade itself to consider and then of course we also have to think of gold and the miners. like carter, i think we probably do have some potential upside in these names. even though i have never been a big gold bug an wonder if we might be in the longer term sector bear market. it seems like we're setting up okay

at take home the gold medal vancouver 2010 and you like the spotlight.t on "dancing with the stars." an thats a whole new ev we got to see, right? >> yeah, definitely. a whole new me. i enjoyed the experience and growing on my -- growing up, my parents instilled in me a respect for the perpetuity of achievement. i never really strived for fame. i was not that fascinated with it, either. i was always driven by achievement and i think that is why the olympics was so attractive to me from a young age. >> now the have achievement and fame, because you have the gold medal and you do have the recognition not just for what you're doing for skating in harlem but also for the make-a-wish foundation, ronald mcdonald philanthropy and so on. you are traveling to sochi. what would you like to do with your fame and your achievement in sochi? how can you speak for the qualities that you describe at sochi, which you know has a big cloud over it whose name is vladimir putin? >> first of all, i see my role in sochi in a little more specific way. i am working with nbc and

you have to go after the reason. gold exports is a weakness of the current say which is more reflected. i spectrum was he a gradual recovery to the whole year because all of these negative factors are probably already in the gold price currently. talk about theen dollar, which is often a function of what happens to the gold price. thank you so much for joining us. >> thank you very much. coming up this hour, the tennis world is in melbourne. after the first grand slam of the year, we are having a look at the big numbers at the aussie open. >> the hong kong open. the first trading day of the week. in itsg seng finishing auction period. futures also indicating gains. let's change gears and take a look at the world of sports. the tennis or does has moved into melbourne for the first grand slam tour the year. we have li na eyes one of the favorites in the women's title. she was a finalist last year. success has brought her her but some sayitle, that serena williams could win all four grand slam sister, something that hasn't d

bad, i usually get my way. >> reporter: do you want the olympic gold? totally. i think that's the ultimate thing. >> reporter: she will lace up her skates to compete in the olympics. she placed second, securing her spot. >> it makes me happy that everybody has been with me since i was little and watched me grow as a skater and now i'm accomplishing these huge things. >> reporter: she's been skating since she was two years of age. her mother, who also acts as a coach, believes her daughter will stand on the podium. >> i -- [ inaudible ] >> reporter: act at her practice rink her younger brother's hockey team came to say congratulations. the sophomore in high school like lady gaga, dancing ballet and tells me she always make her bed. >> my favorite food is everything because i just love food. >> reporter: hungry to win, there's no time to get nervous, but just channel her energy so she can skate her heart out. >> put on our best performances and enjoy the moments. >> reporter: she'll go over her routines six days a week here at the sharks ice practice faci

is right. 2013 was not the best year for gold. it was the worst year since 1981. prices job -- dropped 27%. , if you're holding gold. the returns over the last 12 see it toowe do not often. i put it on the screen. the gold corporation. they have seen slides. you can see the trajectory downward. images ofmirrors other mining companies. new crest and newmont. it is down. down. gold mining deals could rebound this year from this and near decade low in 2013 stop last year, to give you a sense, we saw the 10 billion dollars and it deals what's happening. the lowest since 2004. ast players were focused on and step scaling up. looking ahead, the write-downs atomize what added cost reduction to the equation, they are spending to do better and they usually do. it may generate free cash flow. that is the highest in eight years. the exploration company which are not making money or losing cash. they are bleeding money. they may have more incentive to sell than continuing to look for financing. they wanted the cash, but it is not within their reach. that is exactly what micha

you mentioned the gold rush. a lot of them say i will sell the pick axes rather than look for the gold themselves. members not such huge and believers in the currency in the long-term value that they are willing to do that. they would rather make money of selling the equipment for which to do it. >> what about other digital currencies? are there others popping up? >> there are a ton popping up out there. and has become a joke. joe weisenthal created one that you can lose -- used to buy lunch with him and a couple of his friends. there are alternative currencies. ripple is one that a lot of people are big levers and. it does not have the same mining issues that come along with big point. most people that are believers in the bitcoin movement think that these alternative currencies are help whole as a developing tool at best, and may be a hindrance because they are a distraction at worst. matt miller in new york, thank you for the update. the higher rest released a national advocate report raising the question, how

. >>> let's take a look at the gold market right now, because we are approaching the close. aron epperson is tracking that action for us. >> reporter: we are looking at gold prices down a few dollars but below the 1250 level and really, as we have seen equities rebound from the lows of yesterday, we are seeing pressure on gold prices. but it's very much a position of what's happening to the dollar as well. if you look at what has happened to the dollar and to the metals, we are seeing the dichotomy there as well. we're watching, too, some technical levels because many traders are saying that the gold move is going to really hinge on the technical momentum that we're seeing one way or the other in the gold price and whether or not we get back up to the december levels around 1267, or whether we get back down to those lows near 1212. that's what we're looking at here in terms of the technical levels to breach in the gold market. back to you. >> very quickly, did we see any reaction to the two fed speakers? i didn't detect too much of a move in the gold market. >> reporter: ther