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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?


To: tyc:> who wrote (10300)4/6/2005 9:12:41 AM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 18308
 
tyke I have trouble considering indexes since the components change. Oil to gold OK... oil is getting harder to get at... (not running out really) Gold is just there... harder to find yes but not being used up...

I guess that's why ratios beyond depleting resource comparisons are often beyond me except in the shorter term..

If I play roulette and win 10 times in 100 spins is that predictive of the next 100 spins ?

K



To: tyc:> who wrote (10300)4/6/2005 11:29:39 AM
From: Julian Augustus  Read Replies (1) | Respond to of 18308
 
Hi Tyke,
The chart shows SPX relative to gold (or, as you say, measured in gold). The ratio fell steeply from mid 2000 to early 2003, and has been flat since. In your own terms, it means it now takes much less gold to buy the same value of SPX than in 2000. Isn't it true then that over the 2000 to 2005 period gold has appreciated significantly relative to the SPX? I am not sure why you think the chart disagrees with Howy's contention.