volumes persisting, page-7

Thanks for that. I see you are quoting everything since 2000 which may say someting of your age. I was busily running an investment business until recently this century so barely noticed gold as I figured it would not do much until demand/supply came more into line. I confess I was surprised by its particular strength in recent years during a general bull market in equities although the weak US dollar helped, but gold improved while inflation was under control.

In decades past gold ran mostly when inflation ran, in inverse correlation to equities, so in 1979 the oil spike after the Shah of iran was ousted had a big impact.

For three decades the developed world has improved its efficiencies in use of oil (use natural gas for industry and heating etc, go nuclear)and inflation has been so benign highly paid stock market analysts today born after 1970 haven't even heard of the Rule of 20.

If the Rule of 20 comes into play, plus we have a D/S equilibrium before investing demand, and properties fall globally, then I could very excited about gold again.

There's just a glimmer of a gold rush there at present.....

The last tiem I had such a big percentage gold related exposure was in Christmas 1979 whiel skiing in Meribel. I can remember the gold price moves and the chalet girl's moves to this day....