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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (35976)	2/25/2006 9:27:05 AM
From: austrieconomist	of 108959

Commodity perspective in constant dollars (borrowed commentary and statistics from Tom Dyson of Daily Wealth): "Gold hit $850 an ounce in January 1980. Today gold is around $550 an ounce. The press would say we’re 55% from the 1980 peak. This is incorrect. In order for gold to surpass its 1980 value, it would have to trade at $2,150… a 278% increase from today’s price level. Percent Appreciation From Current Price Levels To Match Constant Dollar Highs 1980 to Date zinc 43% lead 71% nickel 100% copper 100% aluminum 117% gold 278% palladium 325% tin 456% silver 792% Source: The Leuthold Group

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