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Post by jeffolie on Dec 24, 2014 14:00:09 GMT -6
www.chartoftheday.com/20141224.gifChart 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 approximately 15.3 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 has continued to rally. All of this has resulted in the Dow (priced in gold) rallying in a well-defined, upward sloping trend channel. Despite this strong rally, however, the Dow (priced in gold) remains well below its 1999 peak www.chartoftheday.com/20141224.htm?H
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Post by unlawflcombatnt on Dec 25, 2014 10:00:29 GMT -6
If not for the suppression of gold prices by the massive sale of uncovered "paper" gold, the Dow price in gold would be even lower.
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