Wednesday, June 26, 2013

Dow-Gold Ratio Revisited

somewhere back in mid-2009 I forecast the Dow-Gold Ratio would top out at 12. finally got there today. whoopeee!

there's nothing to brag about in this, the timeline of my 2009 target was in terms of months, not years, and in the interim the ratio went in the completely opposite direction. four years on, the progression of neither market looks anything like I envisioned in 2009.

but here we are with a 12. I'm merely a casual observer to the markets these days, and whatever I've bothered to post here the last few years hasn't been particularly prescient, but I still like this level (give or take) on the ratio.