Newmont in 1970s
Eric King at King World News writes: Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, put together a fascinating look at the gold bull market of the 1970s and contrasted that with what investors should look for in this bull market. Below is Fitzwilson’s piece.
The chart below will surprise a lot of peope. It shows the price of Newmont Mining from 1963 through the end of the bull market move in gold in late 1981.
As you can see, there was a massive move to the upside at the end of the cycle of almost 500% from October of 1977 until September of 1981. Along the way, however, there were many times to celebrate as well as many moments when hope dimmed and some cashed out. During the period we saw the following moves: ... For the entire blog post please follow the link below.
August 1, 2012: Source: KingWorldNews.com