minister of sweden, fredrik reinfeldt. he said that we have to act and also defending his use of the so-called red line, saying i didn't use the red line, the world set a red line. obviously, guys, welcome to "squawk on the street," by the way. i'm carl quintanilla. one reason, jim, we lost 100 points on the intraday high yesterday. the ping-pong continues. >> well, i think that no one wants to take action before this that i know. and then everyone wants to take action after, as if there's this event. it will be a discrete event and then you go buy them. i think that's a little simplistic but that's what i'm hearing over and over again. >> it is possible that is what is, in fact, will take place. he did not answer the question specifically about what he will do if congress says we don't endorse bombing. >> we don't know. >> reserves the right as he has been saying for a few days now. >> oil and gold historically traded up instantly. oil comes down. gold has come down. maybe gold this time is different. i had a chart last night, i tend not to be chart sorry ended but gold is tendi