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Gold/Mining/Energy : Gold Price Monitor
GDXJ 99.85+6.2%Nov 24 4:00 PM EST

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To: goldsheet who wrote (95531)6/29/2003 4:29:03 PM
From: Real Man  Read Replies (1) of 116764
 
I think de-hedging is somewhat similar to insider buying, which usually occurs at the bottom of bear markets. I guess the real question is what the central banks (and private citizen of emerging market economies) will do if (or when) the US dollar loses reserve currency status. So far, it lost some of it, but the foreign CBs are buying Euro. At its current level, the total gold rise is roughly in accord with the decline of the dollar value
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