Tag: Dow priced in gold

DOW STILL 68% OFF ITS REAL HIGH

Do we go up or down from here?


Chart of the Day

For some perspective on the long-term performance of the stock market, today’s chart presents the Dow priced in another global currency — gold. Today’s chart illustrates how it currently takes 14.3 ounces of gold to ‘buy the Dow’ (i.e. the Dow / gold ratio) — well off the 44.8 ounces it took back at its peak in 1999. From the 1990 peak until 2011, the Dow (priced in gold) endured a massive bear market. Since 2011, gold has struggled while the Dow rallied. More recently, stocks have struggled while gold has rallied resulting in the Dow (priced in gold) declining to a point where it is currently testing support of its four-year upward sloping trend.


DOW PRICED IN GOLD 70% BELOW ITS 1999 PEAK

Is the ratio peaking or does it have a long way up to go?

Gold reveals the true nature of Federal Reserve created inflation.

For some perspective on the long-term performance of the stock market, today’s chart presents the Dow priced in another global currency — gold. Today’s chart illustrates how it currently takes approximately 13 ounces of gold to ‘buy the Dow’ (i.e. the Dow / gold ratio) — well off the 44.8 ounces it took back at its peak in 1999. Priced in gold, the Dow had been in a massive 13-year bear market. However, back in the summer of 2011, gold peaked while the Dow continued to rally. While the Dow (priced in gold) has been rallying since 2011, the Dow (priced in gold) remains well below its 1999 highs.

Chart of the Day