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Silver did peak around $50 in Jan/Feb 1980 along with gold around
$870....thatis basis the spot contract. At the time with interest rates
at 20% the more distant months traded even higher.
I think I must be getting old if no one remembers this :(
Adrian
> -----Original Message-----
> From: unicorn@xxxxxxxxx [mailto:unicorn@xxxxxxxxx] On Behalf
> Of Alex Matulich
> Sent: Wednesday, 7 January 2004 4:00 AM
> To: countachl
> Cc: omega-list@xxxxxxxxxx
> Subject: Re: Silver Prices
>
>
> donc,
>
> >I'm puzzled. I have been researching silver prices. I thought that
> >Silver reached $50 an ounce back in 1980. But all the charts I find
> >indicate only $25 at peak. Did silver 'split' ? Or is my memory
> >slipping ?
>
> My historical data shows that silver futures peaked at about
> $23 on 1/21/1980.
>
> You are probably thinking of reverse-adjusted continuous
> contracts, where on every rollover date, the past history is
> shifted up or down to make the prices line up on the rollover date.
>
> Reverse adjusted contracts DO show silver peaking above $53
> on that date.
>
> But reverse adjusted contracts aren't real prices.
>
> --
> ,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
> // +__> Director of Research and Development
> // \
> // __) Unicorn Research Corporation -- http://unicorn.us.com
>
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