GOLD
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0.51% $1,391.7 gold futures

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  1. candlecharts
    49 Posts.
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    22/04/08
    01:40
    Post #: 3612832
    I remember reading an article a few years ago - no longer have the orignal text but key point was that since 1920, the price of 1 oz Gold = 16 x 1 barrel of oil.

    For the period 2004 to 2007 the POG has = 9x 1 barrel of oil.

    Provides some basis for a more optimistic view of the POG in the longer term - IMO

    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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