Gold reaches new highs. Barrick eliminates all hedges
Tue Dec 1 2009 5:49 pm
by Bob Morris.
In an unusual move, major gold producer Barrick is no longer hedging gold. This means they expect gold to go much higher. Investors as well as central banks are piling into precious metals – and away from the dollar. Gold and silver are both at or near all-time highs. This may be a bubble, but it’s a long ways from popping, I think.
Posted in: Unfiled.
Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.
(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)
