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To: goldsheet who wrote (56585)7/20/2000 1:33:51 PM
From: Zardoz  Read Replies (1) | Respond to of 116835
 
> Should the three majours components reach their previous lows again and the POG hits $245, the XAU will surely reflect mid 30's

The 52 weeks lows for HM and PDG are actually lower than their 1998 lows, so I added only the 1998 lows for ABX/AU/NEM (13/16.25/13.25) and get an XAU of 43.79

It isn't good, but it isn't the mid 30s !


And it's not a POG value of $245 either, as in Aug 98. You are neglecting further declines. But 43.79 looks disappointing as well. But maybe a good point to buy at.

Hutch