Danoff, I'm not saying that sort of level won't be justified in the future especially with China's appetite. However anything that runs that hard for that long & then goes parabolic as gold did, is always set for a fall. Remember we had the producers d-hedging then as well basically not selling or buying back 10M ounces pa which would normally have been sold into the market each year. However we have now had that fall & a very good if not overly aggressive cleanout. So now we go higher again of a higher base.
