If you have an active interest in gold and, more importantly, gold mining and exploration stocks, events in the 1970s and early 1980s hold important lessons for us today. In this article we will look closely at these events, whilst attempting to demonstrate critical differences between now and then. Part 1 of this article deals with the economic backdrop for then and now and in Part 2 we present a set of interesting observations which we believe may help explain current price action and give clues to the future direction for exploration stocks.
