Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: loantech who wrote (16547)	12/14/2002 2:07:34 PM
From: sea_urchin	Read Replies (1) of 81489

Hello Tom, glad to see you back. >Gold and the dow did cross at very close to 1 or 1.5 back in 1980 or so when each were close to 800. Yes, you are right. In 1980 the ratio was around 1. sharelynx.net I just didn't want to be so "pessimistic" or is it "optimistic" as to forecast anything less than 5. I also noticed that the acceleration pattern on the ratio in +/-1996 occurred from around 10 and frequently an acceleration pattern on the upside marks the return point on the downside. I would think even 10, which could indicate a Dow of 5000 and a POG of $500, would be considered a very big move at this time. Here's a long term chart of the S&P500 which shows the acceleration pattern starting in 1995 from about 500. decisionpoint.com If I remember correctly, in 1980 there were very special circumstances which contributed to the high gold price and the low Dow --- high inflation, the oil war, OPEC wanting only gold for the oil and not dollars. At the same time the Hunts tried to corner the silver market. I think silver was near $50 an oz, or more, which must have impacted on the gold price.

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