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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Secret_Agent_Man who wrote (216588)	1/24/2003 8:09:56 PM
From: orkrious	of 436258

interesting thoughts tonight from Richard Russell on gold dowtheoryletters.com "What's wrong with the gold shares?" I'm asked, "Why aren't they surging with gold? I just ran off a chart of gold divided by HUI, the "gold bug's" index of unhedged gold shares. From February 1987 to October 2000 gold shares outperformed the metal by a wide margin. Since October 2000 gold has outperformed gold shares. The ratio is now just about where it was in February '87 -- so that's the story. The stocks moved up first, then gold moved up, and now they're about even as they relate to each other.

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