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Sunday, September 18, 2005 2:58:02 AM
***WHERE WAS THE MARKET 17 YEARS AGO?***
Well, being that we keep hearing how "$GOLD is at 17-year highs," especially since we are all participants in the marketplace and actually pay attention to this kind of glaring headline, I figured, what the heck good is it if we don't know what happened 17 years ago via a chart...
So in following, I've decided to chart $GOLD when it was last near $500 in both 1987 and 1988 in full and below you will find the Dow Jones Industrials chart as well...
$GOLD vs. Dow Jones Industrials (1987-1988) vs. XAU (gold stocks)
*SPECIAL NOTE: The market tanked while physical $GOLD held up a bit better then the stocks!...
Well, being that we keep hearing how "$GOLD is at 17-year highs," especially since we are all participants in the marketplace and actually pay attention to this kind of glaring headline, I figured, what the heck good is it if we don't know what happened 17 years ago via a chart...
So in following, I've decided to chart $GOLD when it was last near $500 in both 1987 and 1988 in full and below you will find the Dow Jones Industrials chart as well...
$GOLD vs. Dow Jones Industrials (1987-1988) vs. XAU (gold stocks)
*SPECIAL NOTE: The market tanked while physical $GOLD held up a bit better then the stocks!...
HI-HO SILVER !!!
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