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The Dow was worth 20 ounces of gold both in 1929 and 1980, but bottomed at near one ounce of gold in 1932 and 1980. The recent bear market began with the Dow priced near 43 ounces of gold, and is worth less than 12 ounces today, on its way to re-test the 1932 and 1980 lows.
California concludes the 2008 regular season when the Golden Bears host Washington at 12 noon Saturday in Memorial Stadium. The game will be televised by Fox Sports Net and can be seen locally on CSN Bay Area. Cal will be looking to finish the campaign with an unblemished 7-0 record in Berkeley.
Reliance Industries’ (RIL) stock price has fallen 53 per cent in the past three months due to slowdown in demand (which has resulted in lower refining and petchem margins), concerns over the RIL-Reliance Natural Gas Resources (RNRL) court case and the delay in production from Reliance Petroleum (RPL) refinery.
At the end of the de-leveraging, you will see a divergence between gold and silver on the one hand and industrial commodities on the other. Even today we have this very strong demand for physical gold and silver globally, from India to the Middle East to America.
By Doug Young and Adrian Bathgate
TRENDS: Car, two-wheeler sales fall sharply in Nov Automobile stocks take a beating on the BSE. As sales figures began trickling in on Monday, the 14 stocks on the BSE crashed. The auto index fell by 108 points and ended up as the second worst performer of the day after ...
In part two of a GameSpot interview, GameStop VP Tony Bartel discusses free DLC, the Wii Speak Channel, and pesky preorder pitches.
A lawsuit filed in the wake of the spectacular explosion of a once-sleepy cash management firm in the summer of 2007 is pointing to a corrupt business relationship between its head trader and some brokers as the basis for its collapse.
What's better than a 52-week low? How about a five-year plunge?
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