Dow/Gold flashes GFC warning
Top: Dow / Gold ratio
Bottom: SP:SPX
The Dow/Gold ratio shows How many ounces of gold does it take to buy the Dow Jones Industrial Average.
It gives insight into the question “who’s winning: paper or metal?”
It moves often coincide with large inflection points.
The current level typical coincides with stock market tops:
1929
1972
1974
2008