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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (29639)5/8/2005 9:24:56 PM
From: Elroy Jetson  Respond to of 116555
 
I can appreciate the affect sentiment has on markets. I think the best example of sentiment on the gold market was the short-term aberration which peaked in 1980.

The magnitude of that price spike was indicative of a bubble with no reference to future price.

home.pacbell.net

home.pacbell.net

From history, I do not expect any inflation adjusted increase in the price of gold, nor does that look like a reasonable expectation based on the charts above.
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