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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (92467)3/19/2008 5:53:38 AM
From: Real Man  Read Replies (1) of 110194
 
Not really. It did very well in 73-74, rose from 70-ish to
200, but poorly in 80-82, depending on what the Fed was doing.
Volcker crashed it, and gold was a bubble in 1980 anyhow. -g-
It did have an interim bear in 75-76, but the bear market
in stocks was over. If gold has a rise comparable to the first
phase of 70-s bull, it should trade well above 1K, before
that big interim 9-year cycle drop that every gold investor is scared of occurs.

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