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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: c.hinton who wrote (82938)	3/6/2002 9:32:16 AM
From: E. Charters	Read Replies (1) of 116814

I don't know how it is tied to events on a world scale. Perhaps you could correlate it historically for me. sharelynx.net You might find the chart a bit confusing at first. It is made in 1998 dollars, wich are roughly equivalent to today's dollars. So gold's all time high was 1492 when it would be most scarce in historical terms. Spains mine's were depleted according to their technology and so was Czechoslovakia. We see that the real average price of gold from 1801 to present is 627 dollars in today's dollars. It is difficult to give the 450 year post Columbian average but my eye tells me that it is probably 450 dollars. The deep incisions of war and discovery/mining technology appear to be over or bottoming. This last bottom at 250 or nearabouts would appear to be history. But you never know. I am not saying it does not seem to move with some events in history, it is just difficult to say which way and how much. the WWII event should have made it soar, WW1 should have done so too. The crisis of the cold war should have cause increased volatility. But the corrleations are murky. What events are moving gold, and how? EC<:-}

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