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Dow priced in gold – chart

For some perspective on the long-term performance of the stock market, this chart presents the Dow priced in another global currency–gold. 

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Chart of the Day
Thursday, July 4, 2013
Thursday, July 4, 2013

For some perspective on the long-term performance of the stock market, today’s chart presents the Dow priced in another global currency — gold. Today’s chart illustrates how it currently takes approximately 12.5 ounces of gold to ‘buy the Dow’ (i.e. the Dow / gold ratio) — well off the 44.8 ounces it took back at its peak in 1999. Priced in gold, the Dow had been in a massive 13-year bear market. However, back in the summer of 2011, gold peaked while the Dow continued to rally. While the Dow (priced in gold) is currently well-off its dot-com record highs, it has been on a tear as of late. The current rally has resulted in a break above resistance of its latest downtrend channel as well as new post-financial crisis highs.

Source: Chart of the Day.

Trinidad and Tobago's Prime Minister Kamla Persad-Bissessar, who assumed the chairmanship of CARICOM on July 1, is expected to set the tone for discussions on matters impacting regional integration in her address this evening at the opening of the Heads of Government Meeting. Prime Minister Perry Christie will be attending the four-day meeting being held in Port of Spain.

The Constitutional Commission will present its report to the Prime Minister and his Cabinet July 8, 2013, ahead for the 40th Anniversary of Independence.

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