With the inventories where they are, and prices were they are, they don't equate. It's geopolitical tension that's holding us up right now.
If something drastic happens, the worst would be $100.
It's the new year and money is spilling over. Commodities are in strong demand worldwide, whether it's copper, oil, gold. There are a lot of dollars chasing a limited amount of commodities.
Clearly, the market is fundamentally overpriced, and in front of the impending numbers tomorrow, you had tremendous profit-taking.