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Gold/Mining/Energy : Gold Price Monitor

GDXJ 144.21

-0.6%

4:00 PM EST

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To: Claude Cormier who wrote (40984)	9/27/1999 2:46:00 AM
From: goldsheet	Read Replies (1) of 116921

> Gold peaked at $500 in early 1987. 1987 high was $499.75 on December 14, 1987. > From early 1984 to early 1987, gold was in a bull. 1984 saw gold go down almost all year, starting at $383.00 and ending at $309.00 Gold finally hit bottom on February 25, 1985 at 284.25, and ended 1985 at $326.55. 1986 took us over $400 in October and ended the year at $396.13 1997 took us up to $480 by May and ended the year at $484 It was the most fun I had in the last 20 years, with a nice overall move from $300ish to $500ish in about 28 months. Definitely a bull market. > But the gold stocks peaked only in October 1987. As for stocks, you are absolutely right about ABX (+900%) and the TSGI (+280%). Even the lowly XAU moved from 59.13 on July 25, 1986 to a high of 155.74 on September 18, 1987, up 164%.

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