My guess is that he is right.
In the early 1970s gold went from $35 to 200 .... A multiple of 6.
Then it corrected to $100 around 1976 .... And gold equities were decimated.
Between 76 and 1981 it rose to 850 .... A multiple of 8.5
Gold equities were a sight to behold.
This time around:
Gold goes from $290 to 1900 .... Roughly a multiple of 6.5
Corrects to 1100 .... And gold equities are decimated.
See what happens now?
My guess is that gold equities will once again be a sight to behold.
Don't take my word for it though .....
My guess is that he is right.In the early 1970s gold went from...
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Last
$1.55 |
Change
-0.005(0.32%) |
Mkt cap ! $399.5M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.56 | $1.52 | $322.3K | 208.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4885 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 3565 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.54 |
Change
-0.005 ( 1.60 %) |
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| Open | High | Low | Volume | ||
| $1.56 | $1.56 | $1.53 | 15852 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| KCN (ASX) Chart |