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Politics : Gold and Silver Stocks and Related Commentary
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To: tyc:> who wrote (10300)4/6/2005 11:29:39 AM
From: Julian Augustus  Read Replies (1) of 18308
 
Hi Tyke,
The chart shows SPX relative to gold (or, as you say, measured in gold). The ratio fell steeply from mid 2000 to early 2003, and has been flat since. In your own terms, it means it now takes much less gold to buy the same value of SPX than in 2000. Isn't it true then that over the 2000 to 2005 period gold has appreciated significantly relative to the SPX? I am not sure why you think the chart disagrees with Howy's contention.
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