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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Davy Crockett who wrote (4327)3/30/2002 12:20:59 PM
From: Cush  Respond to of 5144
 
<font color=green>COMEX and AMEX Gold Bugs charts.

These two Daily, six-month charts can be found at my web site, under Charts -As Discussed on the Ahh Canada Thread at SI.

www3.sympatico.ca

Somewhere on SI, within the past two weeks, I saw a well-written post that explained why the values of gold stocks were likely to rise much faster than the actual price of gold. These charts are a visual presentation of that observation.

On the charts, you'll see that the COMEX Gold futures have risen 8.6 percent in the 1st quarter.

You'll also see that the AMEX Gold Bugs index has risen 51.5 percent in the same period.

8.6 % versus 51.5 %

Given that, if the price of gold is headed higher, it bodes well for the price of gold stocks.

Cush

P.S. Peter, to make room for these charts, I've removed those XAU ten year charts. If you need a copy, please let me know.