Gold bull market over or just getting started?

Van Eck is bullish, at the AFR:

Joe Foster, who picks gold stocks for VanEck’s 63-year old International Investors Gold Fund, said Australian gold miners are generally well managed but are unusually prone to locking gold prices into multi-year hedge arrangements.

“Australians have more of a propensity to hedge than their North American counterparts. I believe it is very possible we could be in the early stages of a global bull market in gold, and I would hate to see companies hedging away the upside,” he told The Australian Financial Review.

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