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To: Pete Mimmack who wrote (7972)9/28/1999 1:07:00 PM
From: goldsheet  Read Replies (1) | Respond to of 81042
 
Over the last year, the XAU has held up very well versus the drop in gold bullion. Recall that when gold got down to 255 this year the XAU held near 60, as opposed to getting down to 49 like it did in 1998 when POG hit $275. As a result, I expect gold to "catch up" to the stocks, and a day like today when the bullion goes up a lot and the stocks don't is healthy, maintains the normal balance - a nice pause that refreshes, so to speak.

I just put up a third chart for you, where you can still gold and stock rising, but the ratio dropped from 114% yesterday to 109% today.

goldsheet.simplenet.com