Simpleviewsgold.com
Charts 9
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March 10, 2008
Continuing under performance of Gold mining
shares
The recent run up of Gold made more evident than
ever the under performance of Gold mining shares. In both, the weekly and monthly charts (Chart 1 and 2), the XAU failed to
breahout and get free from the constraints of a set of price bands within a multi year trend channel. Furthermore, while Gold climbed
to an all time high price of nearly $1,000/oz, the XAU/Gold ratio remained close to its all time low value (Chart
3).
| Chart 1: XAU weekly - March 10, 2008 |
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| Chart 2: XAU monthly - March 10, 2008 |
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| Chart 3: XAU/Gold ratio - March 10, 2008 |
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