>> It isn't good, but it isn't the mid 30s !
>And it's not a POG value of $245 either, as in Aug 98. You are neglecting further declines.
>But 43.79 looks disappointing as well. But maybe a good point to buy at.
You said "three majours components reach their previous lows again", not exceed their lows,
and I gave you the benefit of the doubt using 5 component new lows.
Also, gold was not $245 in August 1998, the low that summer was $275.70 on August 31, 1998.
The lowest gold has been was $253.00 on August 25, 1999.
Other than being a year off, having the wrong prices, and doing the
XAU Index math wrong, your mid 30s prediction looks great <grin> |
