In the early stages of my Wall Street career, it was cool being a Gold Bug.
All my heroes were Gold bugs.
I learned in the early 2000s that pricing assets in Gold helped put market trends into context.
The Dow/Gold ratio was the ultimate Gold Bug Chart at the time.
You can see the Dow/Gold ratio here plotted in black, compared to the Dow Jones Industrial Avg itself overlaid in green. [Read more…]