From a gold conference the following are excerpts of the conference.

Gold company CEOs are still bullish on the precious metal as it hits $1,000 an ounce. Former Goldcorp CEO Rob McEwen predicts gold to hit $2,000 by 2010. Yamana Gold CEO Peter Marrone is calling for $1,500 by year's end. And Peter Munk, CEO of Barrick, the world's largest gold producer, says we are in the midst of a "commodities supercycle."
Munk notes this rally in gold is fundamentally different from the highs hit in 1980. That high, driven by soaring inflation, the Russian invasion of Afghanistan, and the Iran hostage situation, was a mere "blip". Munk believes the current financial crisis, falling dollar, high oil prices, and increasing demand from emerging markets will all bolster gold's price. Most importantly, Munk says exploration companies face "enormous" difficulties in finding new deposits.