Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (68765)	1/1/2007 5:13:47 PM
From: Maurice Winn	Read Replies (2) of 74559

Interesting gold vs Dow graph: elliottwave.com Scroll down for the graph. I note that they don't show the fact that gold had gone to over $800 an ounce on the back of the 1970s oil quadrupling then quadrupling again plus the detachment of the US$ from gold. So, it looks like a bigger boom against gold than it was. In the end, the price of gold is the cost of digging it out, plus a bit of profit. Mqurice

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