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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (517)9/30/1999 8:43:00 PM
From: goldsheet  Read Replies (1) of 48092
 
> . I remember you chart XAU/POG or POG/XAU to measure over-value and > under-value situations of gold stocks. Could you refresh my memory > again? Thanks.

Interesting you ask, because after all of the recent moves, we are just about at "fair market value" for the ratio (actually at 101%)

Average ratio is 3.75, so $300 gold should equal XAU 80, which is just about where we are. The charts tells the story best:

goldsheet.simplenet.com
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