Slider,
I remember late 96 early 97 fondly as I made for first stock foray (previously only non gold via mutual funds) into Black Gold from the Yellow Gold trenches in that time frame.
The XOI is tracking very closely where it was in about mid 97, the last time the DOW was at 8K area (Edit, excepting recent weeks and 9-11 effect). Were the DOW to retrace to the 6K (or just below) the XOI would be in the 350 area.
Charts I have for the OSX only go back to beginning of 97, where the OSX was, WOW, 75! The DOW in the same time frame was (Jan 1997) was 6400 to 7000, approx.
According to these figures, I would suggest there IS NO War premium, only an OPEC premium.
Just a suggestion mind you, food for thought, subject for dissection, discussion and etc.
Best Regards,
Roebear |
