Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (13367)	2/12/2002 5:12:01 PM
From: sea_urchin	Read Replies (2) of 81703

And just in case anyone had any doubts that gold shares are still relatively cheap, they should consult the Gold Oracle. And who is that? Why, none other than Professor Bob Johnson. His XAU/AU ratio chart (the blue one) shows clearly that the ratio has not yet even reached the average of the past 18 years. What is important about this chart is that it is a ratio and therefore its "highness" and "lowness" is valid at ANY gold price. goldsheetlinks.com The XAU chart (black one) shows clearly that this index has hardly risen of its bottom and one can also see that the present value has only recently penetrated the long-term resistance line (from 1996). There is still a considerable upside depending, of course, on a further increase in the gold price. Perhaps, in order to avoid ambiguity with Anglogold however, it would be clearer if the Professor called the chart, XAU/GOLD PRICE and not XAU/AU.

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