A few interesting Gold discussions lately (See chart below)
Also, see Eddie Elfenbein’s Central Bank Gold Sales Began 10 Years Ago This Week: Has it Worked?
Via Chart of the Day:
“Today’s chart presents the Dow divided by the price of one ounce of gold. This results in what is referred to as the Dow / gold ratio or the cost of the Dow in ounces of gold. For example, it currently takes 9.2 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 Dow is down 79% from its 1999 peak and the scale of the current two-month rally has not distinguished it from the many bear market rallies that have occurred over the past decade.”
Source: Chart of the Day
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