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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: Proud Deplorable	11/30/2007 10:55:11 AM
	Read Replies (2) of 78429

Gold -- The nonsense and misinformation about gold never ends. We hear a lot about the "great 1980 rise in gold to a record price of 850" Actually, what happened is this. Gold closed above 800 in 1980 on only TWO DAYS. Gold closed on January 18, 1980 at a price of 830.00. Gold closed on January 21, 1980 at price of 850. The next day gold closed at 737.50. Gold in 1980 never closed above 800 again! The price of gold at the end of January 1980 was $659. Gold has never in all history ended a month at 800 of above. This Friday will mark the end of the month of November. If Friday's gold is at 800 or above, it will be the FIRST TIME GOLD HAS EVER CLOSED A MONTH IN THE 800s! Furthermore, in 1980 gold was in a parabolic rise. It was literally blowing its top when it surged to its peak at 850. Not so today. Gold has been rising methodically and rather carefully here in 2007. The big third phase speculative rise lies ahead.

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