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33,126 Posts.
1404
24/03/12
09:37
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Ophir,
Tell you what might be a bit of fun, since you don't like short term swings and roundabouts, lets match the HUI with gold over 5 years.
Gold is up 140% over 5 years.
HUI is up 40% over 5 years.
Strictly speaking the HUI should be a better return because of the risk and leverage involved but we won't worry about that.
So $1650 X 40/140 = $471 per oz of gold.
Keep your fingers crossed the HUI isn't pricing in what gold's worth.
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