Intersting comparison between Dow Jones and gold from Tyler Durden. What would you bet on, Dow or Gold? Gold for me, longterm.
“The chart below represents the relationship of the Dow Jones to an ounce of gold. Things to note…very long uptrend broken (white line), very long support/resistance line broken (light blue), well below average since 1979 lows (green line), we are at a 30% retracement from most recent low (cyan text) which compares well with all previous major retracements in this down-cycle… a fat juicy extrapolated target seems to be waiting for the DOW below 5000 and Gold over $1000?”
source: Zero Hedge
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