We suspect that right now we are in the midst of what is a normal 10 percent correction. This is normal market volatility that people aren't really used to. A lot will be driven by the releases on the economy at the end of next week, namely the employment number.
The Gold Quarry waste rock facility was constructed primarily from a geologic member of what's known as the Carlin Formation, which is for the most part fairly fine texture. It's not classic rocky waste rock that you would normally see at a mine site.
Teams that win normally don't change much. The teams aren't winning are making the changes.
It is not at all surprising that with the clumsy handling of the Yukos situation we started to see production falls last October. But now as things are getting back to normal we may see a production recovery back on track.
Monday's CPI number could go a long way toward getting us a better sense of direction, ... And perhaps what we'll see on Monday is a return back to the normal levels of consumer price index inflation.
This whole thing came on when I was 37. Up to there I lived a normal life.
Even if there's no damage, it's going to take at least two weeks for refineries to come back. It's at least as serious as Hurricane Ivan, which we had last year. And it took six months to get production back to normal in that case.