Loading ...Re Murph and Xau
Who ever said that was being clever with No’s, they took the most extreme, but it’s still revealingly awfull…in 98 the Xau Hi was 93.50 and low 48.67..while Gold Hi 314…Lo 270.5.
A 14 % drop in Au halved the Xau !!!!!
I’d say what is more relevant is that the absolute Lo for Gold was 250…we are 4.23 times Higher tdy, yet Xau is less than 6 % higher.
As for who leads, Golds 251 Lo was in Aug ’99, Xau at 41.85 in Nov ’00…but Gold made damn near at 253 the same low in Feb ’01..the Xau was then 46.66…