At $1,000/oz, Gold Bugs and Hum-Bugs Collide
 

At $1,000/oz, Gold Bugs and Hum-Bugs Collide

Wed Jun 3, 2009 7:50am ED

By Chikako Mogi
Reuters

TOKYO (Reuters) - With gold poised to lurch above $1,000 an ounce for a third time, the lines are being drawn between bulls who believe a dollar-hedging rally has only just begun and bears who say four-digit bullion will be fleeting.

Fueled by expectations of growing inflation after aggressive government pump-priming measures around the world to help prevent major economies from falling deeper into recession, spot gold prices have risen 14 percent in two months.

Continues: http://www.campaignforliberty.com/wire.php?view=5669

:Update: OOPS that link doesn't seem to be working. Try this: http://uk.reuters.com/article/stocks...55202920090603

Re: At $1,000/oz, Gold Bugs and Hum-Bugs Collide
 

Bad link, I corrected it above.