Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 144.21

-0.6%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ahhaha who wrote (40980)	9/27/1999 1:59:00 AM
From: Claude Cormier	Read Replies (3) of 116922

<<The ABX performance, assuming it was what you claim, was not representative. Most gold stocks were in a flat to bear market during that period. For example, HM ....>> Mon ami, these are facts...not claims. I know this game. HM was the unique situation... not Barrick and the other gold stocks. The TSGI (Toronto Silver and gold index) went up from 2700 in early 1985 to 10300 in Oct 1987. The TSGI has a much better representation of gold stocks than the XAU. During the same period: Agnico-Eagle... from $10 to $45 Battle Mountain... in $C...from $10 to $40 in 1986-87 BGR Precious Metals (close end gold fund) form $6 to $16 Cambior from $13 in Nov 86 to $30 in Oct 1987. Dickenson from $4 to $17 Echo Bay from $6 to $40 Glamis Gold... from $ $2 to $10 .. .. .. .. Wharf Resources from $1.90 to $10 <<I remember the period well and gold was just in what I call a bear market.>> Gold peaked at $500 in early 1987. But the gold stocks peaked only in October 1987. From early 1984 to early 1987, gold was in a bull. Today, we are coming out of a 3-year bear market. Gold stocks are at their lows. That is why if the DOW thank, it will not carry the gold stocks with it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next