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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (53665)	6/4/2000 9:05:00 PM
From: goldsheet	Respond to of 116786

> Wasn't the XAU far different then than now? Yes, the XAU has changed greatly over the years, but still is fairly representative of "gold stocks". If I had to make any observation, the ratio has drifted down slightly over the years. What I mean is that at $280 gold, I would have expected the XAU to be about 80 a decade ago (ratio=3.5), but only 74 now (ratio=3.77) The XAU seems to be valued a little less, maybe because 90% of the XAU is actually linked to gold (price sensitive) and 10% may be hedged (price insensitive) The ratio is not a absolute tool, but just a relative indication of the relationship between AU and the XAU - not prefect but still somewhat useful.