Jul 232011
Richard Russell, who just turned 87, predicted a couple of years ago that we could see a 1:1 ratio between Gold and the Stock Market. That would mean, for example, Gold goes to 5,000 and the Dow drops to 5,000 or any other combination. Mr. Russell is not alone in this belief.
I am not predicting that, but not because it is impossible. This chart might be of value to readers who want to see the relationship between gold and the Dow on an historical basis. When viewed from the longer perspective of history (which Mr. Russell surely has), the prediction does not seem so far-fetched. It has occurred before.
