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Strategies & Market Trends : Strictly: Drilling II
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To: Crimson Ghost who wrote (14918)6/29/2002 5:25:24 PM
From: Murray Grummitt  Read Replies (1) of 36161
 
George, With gold closing at $313.90 fair value for the XAU is $78.47, therefore I see the $71.46 close on the XAU as being 10% undervalued already. Not that it can't become more undervalued! This model is based on a historic relationship of XAU = PoG/4, FWIW.
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