facing reality, page-35

At this stage, see it as: some anticipated its weakness beforehand, and shorted to their shoelaces. Due to China's high interest rate combo with reserves requirement and worldwide post-subprime construction implosion, fundamentals then kicked in and is wiping commodities out. Forced liquidations everywhere.

Expecting Gold to momentarily start approaching, but not reach Barricks break even point: Reasonable at some stage for Gold to undershoot its fundamental physical supply/demand point.