Saturday, December 13, 2008

Dow Gold Ratio Suggests Nine Year Bear Market

An updated chart of the Dow/Gold ratio indicates the market continues in a 9-year bear market. According to Chart of the Day, " currently takes 10.5 ounces of gold to “buy the Dow.” This is considerably less that the 44.8 ounces it took back in 1999. When priced in gold, the US stock market has been in a bear market for the entire 21st century."

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