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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (23658)	12/21/2004 12:56:21 PM
From: mishedlo	Respond to of 110194

Looking at it another way gold should track over a period of several decades the growth in broad money supply, Dow Jones avg, rising housing values, and higher oil prices. At its highs in the past the price of gold per ounce has equaled the Dow Jones Industrial Avg. Perhaps they meet again sometime in the next decade. Why should gold track money supply? It exploded for years and gold did NOTHING. Money supply last year or so has been relatively quiet and gold started taking off. Perhaps you mean you think it should, but that is certainly not what happened. economagic.com How ofter and for how long has gold tracked money supply? Looking at that chart there probably is a negative correlation. Mish