Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Wyätt Gwyön who wrote (3172)	7/24/2003 10:28:48 PM
From: Box-By-The-Riviera™	Read Replies (1) of 4904

the intra day high that day was around 950/oz at the top. the 30 year average of london spot close is around 360. of those 30 years only about six had prices above 400, 2-3 above 500, 1-2 600, only one 700-850. inflation adjusted gold prices have never existed in terms of today's dollars vs yesterday's dollars over this time period...so far. since i am generally conservative, i don't factor an inflation adjusted price into my thinking at all but focus on price behavior as it can be known and of course the rest of the story we're all thinking about today re: gold and other basics. the london high this year was around 370. we have not yet come close to really exceeding the 30 year average. but fundamentals would suggest, given their all time historical extremes... there's reason to think of some exceptional price behavior somewhere in the future. will update the 30 year numbers soon and post them if you want. used to post them from time to time on cfz.

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