Im the barn owl watching the mouse; by Richard Russell
The ratio between the Dow and gold has hit a new low. Today, one share of the Dow will buy only 11.44 ounces of gold — that’s down from 43.75 ounces back in July 1999. In other words, since mid-1999 the Dow has lost 73.8% of its value in terms of real money — gold. Talk about a silent and insidious bear market, you’re looking at one.
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