Loading ...Dow to Gold Ratio Monthly
2001=2002 the ratio broke below the monthly 9 ema. That mark the beginning of multi year bull market for gold till it ended when monthly 9 ema was broken to upside in 2011 2012 top. Since then the ratio has remained above the 9 ema.
Once again like 2001 -2002 the ratio has broken below monthly 9 ema in 2016 and retesting the breakout.
Is it a beginning of a new bull trend??????
Chart is very clear.
I’m comparing now to November 1976 on this ratio on the hundred year macrotrends site and see the same move we’re about to embark on but much BIGGER this time around. At this stage in the game, more currency supply does not a recovery make.