Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (1035)	11/21/2003 8:04:50 AM
From: Andrew	Read Replies (1) of 48092

I think that is a fallacy that gold prices are rising due to dehedgeing. The gold market is huge, I saw the number of ounces dehedged for the past two years. Though a significant number it pales next to the world gold market IMO. Gold is rising for these reasons 1 - faltering USD/US economic policies 2 - the threat of massive inflation looking forward 3 - goepolitical uncertainty I think these statement from Peter Munk may move the gold price today.

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