Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (19634)	9/30/2002 8:10:47 AM
From: rolatzi	Read Replies (2) of 36161

A comparison of gold and the stock market in 1929-38 is instructive: Slider says: A recent article on Gold's past speculative move's; pointed out that something on the order of 75% of the move in price occurs in the final 10% time frame of the cycle. Indeed by the middle of 1932 when the DJI average bottomed, Homestake mining had moved from around 50 to around 125. In the subsequent three and a half years ending in 1935 Homestake leveled out with a top of around 500: see the chart in the article: gold-eagle.com Interestingly, the DJIA displayed a strong cyclical recovery in that same period going from 50 to around 150 (though in another chart it indicates monthly closes of around 100, so the 150 might have been very short lived. So, at some point we may expect such a recovery in stocks and perhaps we have time to invest in miners since a good part of the move occurred after the market bottomed and could be associated with a recovery in stocks. Ro

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