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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (25650)	12/16/2009 10:29:31 PM
From: ggersh	1 Recommendation Read Replies (2) \| Respond to of 71456

eURO IS GETTING HAMMERED. Something aint kosher out in Euroland!

To: Real Man who wrote (25650)	12/17/2009 12:29:07 AM
From: Activatecard	Read Replies (1) \| Respond to of 71456

Here's the headline: DE-HEDGING KEY REASON FOR INCREASE IN GOLD PRICE (Did India just de-hedged 200 tons? I think they PRE-HEDGED!!) business24-7.ae De-hedging by gold producers has emerged as one of the prime reasons for the rise in gold prices, analysts said. A total of 105 tonnes of gold was de-hedged by producers in the third quarter of 2009 and it played a tremendous in raising the price of gold by nearly $50 an ounce. Though the volume of gold de-hedged – primarily by companies like global miner Anglo Gold Ashanti and Canadian miner Barrick Gold – in the final quarter of 2009 is expected to be large, no data in this regards is available as yet. The bullion rose by almost $200 an ounce in the final quarter of 2009. "De-hedging by miners is one of the prominent reasons for the rise in gold prices. The producers initially held their expected god production with an expectation that gold prices will fall in future. They then de-hedge when they expect prices to rise in future," said Rozanna Wozniak , the investment research manager with the World Gold Council. "The amount of gold de-hedged by producers steadily rose from the first to the third quarter of 2009." business24-7.ae