As we see below, this ratio has moved into historically extreme levels, as it now requires more than 6 shares of $XAU to buy one ounce of Gold. This is an extreme level that was reached only one other time in 25 years - at the market bottom in 2001.
From: gold1. Added: 3:07 PM, August 12th, 2008.
Tags: gold, investors, bottom, market, ratio,

Accustomed to the inevitable credit expansion spawned in the bowels of WWII finance, investors wonder why levered government agencies, banks and hedge funds must sell assets, raise capital or in the extreme, meet the grim reaper in bankruptcy court.
From: webmaster. Added: 12:00 AM, July 25th, 2008.
Tags: market, losses, capital, money, outlook, economy,

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