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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: russet who wrote (2726)5/15/2002 1:30:00 PM
From: Enigma  Read Replies (1) | Respond to of 3558
 
Russett maybe we should take a leaf out of Nickle's book and go park ourselves on the Newmont thread - nowhere else -and have some fun? Come to think of it Nickle why don't we see you there?



To: russet who wrote (2726)5/15/2002 2:12:13 PM
From: goldsheet  Read Replies (2) | Respond to of 3558
 
If you really want to have fun, do a long-term correlation between gold and the $US, and you will find there is none.

The two tend to go in opposite directions at times:
- like the last 5 years

Appear to have a relationship at critical junctures:
- dollar started rally in late 1995 followed by gold top in early 1996
- the rise in gold about 6 months ago appears to be related to recent topping action in dollar

... but the long-term statistical analysis does not support what your eyes see on the chart. We humans have a tendency to see patterns where they do not exist in an attempt to rationalize our random reality - aka life ;)



To: russet who wrote (2726)5/15/2002 3:34:58 PM
From: nickel61  Read Replies (2) | Respond to of 3558
 
Shares in the company dropped 6.4 percent to close Tuesday at $28.05, near a 52-week high of $30.50 reached earlier this month.

Russet the only think stinking up the place is your total lack of understanding of even the most rudimentary concepts of modern finance. If understanding monetary theory is a cospiracy then we are in very sad shape. I think the real problem lies with your complete lack of ability to comprehen what we are talking about. Maybe you should ask your mother about that.