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To: Les H who wrote (17619)	9/11/2009 12:06:27 AM
From: Les H	Read Replies (2) \| Respond to of 29601

COTD - Dow/Gold The Dow has been rallying since March 9th. For some perspective into the current rally, today's chart presents the Dow divided by the price of one ounce of gold. This results in what is referred to as the Dow / gold ratio or the cost of the Dow in ounces of gold. For example, it currently takes 9.7 ounces of gold to “buy the Dow.” This is considerably less (78% less) than the 44.8 ounces it took to buy the Dow back in 1999. Since 2007, the Dow / gold ratio has declined at an even more rapid pace (see dashed lines). As a result of the recent rally, the Dow (priced in gold) has moved up significantly and is currently testing resistance of its accelerated downtrend. chartoftheday.com