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  • Gold and Canadian Gold Shares, 1956-1981: Pollitt & Co. Inc

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    The document is a chart showing the performance of the TSX Gold & Silver Index relative to the gold price in Canadian dollars from 1956 to 1981. The chart shows that gold shares generally outperformed the gold price after major events that increased the gold price, such as the oil embargoes in the 1970s. However, gold shares underperformed the rising gold price after other events, such as the collapse of the London Gold Pool in 1968 and the squeeze of the Hunt Brothers in 1980.

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    1956-1981CanadianGoldEquityPerformance

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    The document is a chart showing the performance of the TSX Gold & Silver Index relative to the gold price in Canadian dollars from 1956 to 1981. The chart shows that gold shares generally outperformed the gold price after major events that increased the gold price, such as the oil embargoes in the 1970s. However, gold shares underperformed the rising gold price after other events, such as the collapse of the London Gold Pool in 1968 and the squeeze of the Hunt Brothers in 1980.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    23 views1 page

    Gold and Canadian Gold Shares, 1956-1981: Pollitt & Co. Inc

    Uploaded by

    richardck61
    The document is a chart showing the performance of the TSX Gold & Silver Index relative to the gold price in Canadian dollars from 1956 to 1981. The chart shows that gold shares generally outperformed the gold price after major events that increased the gold price, such as the oil embargoes in the 1970s. However, gold shares underperformed the rising gold price after other events, such as the collapse of the London Gold Pool in 1968 and the squeeze of the Hunt Brothers in 1980.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    pollitt & co. inc.

    www.pollitt.com

    Gold and Canadian Gold Shares, 1956-1981


    The performance of the TSX Gold & Silver Index relative to the Gold price
    London Gold Fix, monthly average, CDN$
    900 800
    (Left axis)

    TSX Gold & Silver Index

    (Right axis)

    Normal Scale
    Jan 1980: COMEX squeezes the Hunt Brothers

    6000

    600

    4500

    400

    3000

    200 100 0
    1000

    Fall 1973: First Arab oil embargo

    1500

    Log Scale

    Mid-1976: The US and IMF announce gold sales Aug 1971: Nixon severs gold window

    275

    2000

    London Gold Pool formed


    100

    750

    35 March 1968: London Gold Pool disbanded

    250

    10

    1956

    1958

    1960

    1962

    1964

    1966

    1968

    1970

    1972

    1974

    1976

    1978

    1980

    20 15 10 5

    +Gold shares outperforming

    1982

    - Gold shares underperforming


    0

    Ratio of TSX Gold & Silver Index to Gold Price

    By JP Koning

    June 2011

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