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I like the chart. I don't see how you are getting an ASX number of 2000 from it though. The current Dow:Gold ratio is 8.59 . What are you expecting it to get to and do you think that will happen due to to gold going up, the dow going down, or both.

Isnt that what China is doing? Constructing mass towns nobody is even living in just to improve their GDP. Thats a pretty gloomy forecast. Are you using charts or valuation methods to arrive at that figire. Banks make up a huge chunk of the asx index. Are you expecting a 50% fall in those too?

Not really overanalysing as I'm usually quite happy to accept the current selling price as well. Was just highlighting that you can't rely on current selling price to remain the same or always increase, so you wouldn't bother buying a miner that was fairly priced based on the current selling...

Isn't that also true of product in the ground ie its worth what someone will pay for it? As we don;t seem to be able to calculate the true value of the minerals, we need to rely on its current selling price, but it could just as easily go back to the price of "just above its extraction cost"...

I never said or even implied that. I don't think you understood what I was saying. You know you're really supposed to give credit to the author of sayings like that or else it looks like you're passing it off as your own. Be careful though, if you quote someone, you can be deemed a...

Not so sure about that. If I looked at the prices on 10 random share price charts, I'm fairly sure there would be a good correlation between their respective intrinsic value and the average price shown on the chart. Never exact but what you're saying is that not only are the markets not 100%...

Although ones man 'bloody strong company' might be another mans "wouldn't touch with a bargepole due to its massive exposure to the Australian property market". Not saying we are the same, but 4-5 years ago, Lehman, Bear Stearns, Citibank etc would have been seen as 'bloody strong companies'...