As of 1st April, it was the equivalent of 8.4 ounces. So although gold has risen substantially since the 2000 watershed, one could argue that either gold still has a long way to rise, or the Dow a long way to fall, before the next bottoming-out.
Friday, April 10, 2009
Gold and the Dow
The Dow has certainly varied in its relationship with gold. The monthly low points since 1928 were February 1933 (1.95 ounces) and March 1980 (1.24 ounces).
As of 1st April, it was the equivalent of 8.4 ounces. So although gold has risen substantially since the 2000 watershed, one could argue that either gold still has a long way to rise, or the Dow a long way to fall, before the next bottoming-out.
As of 1st April, it was the equivalent of 8.4 ounces. So although gold has risen substantially since the 2000 watershed, one could argue that either gold still has a long way to rise, or the Dow a long way to fall, before the next bottoming-out.
1 comment:
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Back in April 2008, I wrote this:
ReplyDeletehttp://www.novini.net/2008/04/us-stock-market-gold-cycles-1850-2013.htmlI am glad that more and more people noticing same divergence.