 Good morning to CMC Espresso. A Deloitte survey shows that CFOs, chief financial officers outside the UK, do not regard the upcoming Brexit vote as a risk that is relevant for their business. If you look at the German CFOs, they are looking at geopolitical risk that is the same for the CFOs of Turkish companies. Russian companies are identifying financial instability in their country as the main risk, but the Brexit does not even show up in the risk list of CFOs outside of the UK. That is interesting, so it means that the Brexit does only happen in the minds of British companies where it is ranked the number one risk. So the truth is that the real economic consequences of the Brexit could be relatively minimal, but there is almost certainly will be volatility coming because of all the uncertainty caused by a potential exit. Therefore, fund managers stay out of the market. A Reuters poll shows that fund managers worldwide hold 6% cash on hand, which is the highest level since January when global stock markets were in a free fall. One thing is clear. If this money is brought back to the market and is invested and reinvested, then this could trigger a massive rally. The UK, if the UK should vote to stay in the EU, there may be a summer rally coming and starting at the 23rd of June. That would fit the presidential cycle in the United States, which normally gives us a year in which there are rising stock markets and stock prices from the end of month or end of month in May until the year end. So the question is really only at what price level funds return back into the market. Is it at current levels or will we get a larger correction before the Brexit referendum? Meanwhile, there is good news for gold. The support zone at $1200 has held as a support. What do you think? Is that the low for this move? Many hedge funds are very optimistic and very positive on the further outlook of gold. If you look at the euro-dollar trend channel since the beginning of the year, there is an uptrend channel. We are just at the lower bound of that uptrend channel. So if you like, just write your opinion in the comments below. Does it make sense to buy gold now? What do you think? The demand for gold India had in the first quarter of 2016 also due to strikes reached a 7-year low. Many were upset that the government introduced a tax on the purchase of golden cash. If you buy a golden cash, then you had to pay 1% special tax that has been introduced in February. Now weeks of strikes led the government to cancel that tax again on the 1st of June. So today there will be no cash tax on the purchase of gold. Year on year the demand for gold India had has declined by 41% to 88.4 tons. So there is potential for a recovery in the Indian physical gold demand right now.