Miner, i think wishful thinking, you'll be buying much higher. Unless you are a chart expert, which i doubt. On target as a 200,000 oz producer with rising gold prices, what's not to like? apart from the Debbie Downers.
The petrodollar was created in the 1970s through a 6-page agreement signed by US President Richard Nixon and Saudi Prince Fand Ibn Abdel Aziz. While the US provided military supplies and equipment to the KSA, Saudi Arabia agreed to utilize US dollars for the oil agreements.
Gold currently trying to break through a resistance level around 1850 zone, it should but scenario two would be a double bottom. Anythings possible but with tensions rising in the middle east i am feeling confident as oil will rise. JP Morgan have a oil target of 150
It coincided with the Arab Israeli war in 1973 and the rise of oil, until then it hadn't spiked, risen yes but the middle east war and oil price was the catalyst. I've no idea what happened in the 40's with Gold, tell us?