For monetary metal GOLD there are two historic important macro indicators:

1) Dow to gold ratio
2) Gold to silver ratio

First time in 1980 both indicators coincided at their historic values when gold price topped at $850/oz.
Dow to gold ratio at 1:1 and Gold to silver ratio at 15.

Since then it has not happened when all three stars lined up.

Will it repeat again in our life time?? When it does what will be the price of gold??

Egon: “How can any investor with even an ounce of analytical ability not notice that since 1999 stocks are down almost 64% in real terms?”

Ratio has dropped from 44 to 16 now back testing recent BO. Target is lower.