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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: ogi who wrote (15483)10/8/2008 3:09:46 PM
From: Don Earl  Read Replies (3) of 29622
 
RE: "Some have called for a Dow Gold ratio of 1 to 1, that would be extreme, not sure at what numbers, $3,000 PG, 3000 dow????"

I wouldn't be surprised to see gold double and the Dow chopped in half from current levels. There's a massive 2 year long head and shoulders pattern in the Dow, with first support below 8000. We're a long way from the bottom. The Dow below 5000 and gold above $2000, in 2 years, strikes me as probable.
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