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baystock1

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baystock1

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Re: baystock1 post# 37037

Sunday, 07/26/2015 4:17:10 PM

Sunday, July 26, 2015 4:17:10 PM

Post# of 63744
http://www.hussman.net/wmc/wmc150720h.png

Following post is from another site:
One of my favorite charts towards end of J Hussman article (link), showing the price of gold divided by the PM mining basket (as expressed by the XAU Index).

The previous, post-WWII trading band ratio of 2.5 – 5.0 dictated rough company valuations and today’s action (20Jul2015), the Au / XAU ratio at about 22.00.

The reversion back to anywhere close to the valuation mean for the PM mining will be historic IMO … back to waiting patiently for that inevitable reversion to emerge.

http://www.hussman.net/wmc/wmc150720.htm

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