Jay Taylor is now referring to Bob Hoyes work.

Homestake Mining and Dome Mines were two gold producers that made their shareholders wealthy during the Great Depression. Before Barrick Gold acquired it, your editor received daily price data from Homestake Mining dating back to 1888. I used that information in some “what if” examples to see just how effective Homestake was in hedging against losses during the devastating 90% decline of the Dow Jones Industrials during the 1930s. Here is what I found.

http://www.gold-eagle.com/gold_diges...