No problem Jerry. I am liking all the negativity on gold and silver that is perking lately though. It tells me I am probably right that the worst is behind us for metals prices. I think views on how hot inflation might get are not yet being taken into account by markets because the market continues to have low expectations for how the dynamic nature of conflict can bring about rapid unexpected changes. Nor do I think the market sees serious inflation as being a credible risk or that the Fed and other Central Banks will achieve targets they have set. Lets keep and eye on the CRB index and various commodities that we have flagged here in the past though. Inflation charts have bottomed. The obvious stuff like corn, wheat, meats, oil and natural gas are key and should be the triggers that set off a move into the commodity sectors and form the basis of a new driver for precious metals especially if the discord in Ukraine starts getting hotter. We would be foolish to doubt the impact of that region on global pricing and thus the changes that will begin to put pressure on pocketbooks. Keeping in mind that there are two sides to the equation where inflation is concerned and those are supply and demand. So in cases where aggregate demand is weak we can still get inflation if supply itself becomes restricted or unstable. That is what wars bring us and that is where I think we are headed. Anything less than a country like Ukraine functioning smoothly where energy and food are concerned is going to be a recipe for rising prices that should set off waves of price hikes. If the bar moves to where supply/demand disequilibrium brings about the changes that push renewed consumption on the fear of a rising price cycle then an inflation mentality will establish itself even where aggregate demand has not moved much on the needle. That tends to push growth, reduce savings, cause wage demands to accelerate and create friction in the economy. In other words we will heat up despite the gloom.