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Re: golden08 post# 5082

Sunday, 03/04/2007 8:30:44 AM

Sunday, March 04, 2007 8:30:44 AM

Post# of 17016
That sounds about right.

Although gold was still somewhat high in the eighties, compared to the seventies, the significant thing was the trend at the time.

It hit an all time high around 1980 then dropped about 40% from 1980 to 1981. Then continued a general downtrend all the way to 2001. Very bad for junior miners. Nobody was buying gold /pm.

http://66.38.218.33/scripts/hist_charts/yearly_graphs.plx

Actually UCOI 's timing was pretty good on the aquisition, perfect, couldn't have been better. imo


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