Dow Down 50% Against Gold Since October 2007

Silver Bullets
  • Dow Is At All Time Highs, But Don't Break Out The Champagne Just Yet...
March 6, 2013 12:44 pm est

The Dow Jones Industrial Average hit a new high yesterday, surpassing the previous high of 14,164 on 9 October 2007 leading to proclamations that ‘happy times are here again.’ However, importantly in gold terms, the Dow has not made any gains whatsoever, rather it has fallen by 50% (see chart).

In gold terms the DJIA has fallen from above 18 to 9.05 today and this clearly shows how the DJIA is not a good barometer for the health of an economy – especially one completely dependent on ultra loose monetary policies.

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