RE:RE..New low 3.30I listened to Yellen conference. The Fed may hike an other time this year. It probably won't happen before december. Right now,we're in the summer doldrums but I don't see gold price sliding under 1220 for now. In august,the price will start its upward trend lead by India and China. In the mean time, many things could happen. In the 70's, the price of gold has soared 6 times while the interest rate raised from 6 % to 18 %. I don't think .that this time inflation will drive the price of gold. It will be the world debt burden that will make gold going up.For myself I see stagflation coming for the next 2 or 3 years and maybe a recession. But China and India will grow at a good pace and the demand for commodities and precious metals should do good except for oil. India was supposed to build many power plants (coal or natural gas).Now they are looking to build solar power plants. Same thing for China.For MUX,many people don't understand that Los Azules, the copper property they have in Argentina will pay a lot of money in due time in 2 or 3 years from now.This property is equivalent at a gold property of 40 Million ounces at 1gr./ton. SoI will be surprised to see the SP going under 3.