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

peaceandlove · 06-03-2009, 01:31 PM

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

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

06-03-2009, 01:31 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	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 OOPS that link doesn't seem to be working. Try this: http://uk.reuters.com/article/stocks...55202920090603 Last edited by peaceandlove; 06-03-2009 at 03:13 PM.

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