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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (29489)2/15/2008 1:35:25 AM
From: Night Trader  Read Replies (1) of 217593
 
"Give me four parameters and I will draw you an elephant. Give me five and I will make it wag its tail."

The perceived real rate of return on capital markets (bond and stock) are enough to model the long term price of gold. Remember we've had a bear market in valuation (if not price) in the main US stock indexes since 2000. Lower PE = lower return expected.
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