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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (22154)11/28/2004 10:17:32 PM
From: Claude Cormier  Read Replies (1) | Respond to of 312358
 
Went down as well. I think.



To: NOW who wrote (22154)11/28/2004 10:27:22 PM
From: tyc:>  Read Replies (1) | Respond to of 312358
 
Between 1985 and 1988 gold climbed from $287 to $491. Then by 1990 it had fallen to $400. (according to my glance at the charts)



To: NOW who wrote (22154)11/28/2004 11:21:31 PM
From: goldsheet  Read Replies (1) | Respond to of 312358
 
> CC; gold and the dollar? take a look at the dollar in the late 1980's: plummetted. what did gold do?

goldsheetlinks.com

As dollar went from 125-to-85, gold went from $300-to-500 in the 1985-1987 timeframe
BUT
then dollar went into a wide trading range 85-to-95 with gold drifting into a 350-to-400 range for a good 5 years.

Wasn't until dollar started its bull run from 80-to-120 that gold got slammed down to $250.

I have done the statistics on dollar vs gold and there is no significant correlation.
It seems they run inverse for a few years at important turning points then drifts sideways.

The three big ones:

1985-1987 gold bull 300 to 500 +60%
1996-1999 gold bear 425 to 250 -40%
2001-now gold bull 250 to 459 +80%