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Gold and the DJI index.

Torus34

Torus34

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The price of gold, I've been led to believe, is an indicator of belief in the future state of the economy. As the economy appears to be headed downward, the price goes up.

The Dow Jones Industrial index, I've been led to believe, is an indicator of belief in the future state of the economy. As the economy appears to be headed upward, the price goes up.

In recent months, the charted plot of the price of gold and the DJI are roughly identical.

Go figure.
 
The markets are irrational.

Good news, they go up.

Bad news, they go down.

There's no thought put into, is the news going to effect the long term?
 
Torus34 said:
The price of gold, I've been led to believe, is an indicator of belief in the future state of the economy. As the economy appears to be headed downward, the price goes up.

The Dow Jones Industrial index, I've been led to believe, is an indicator of belief in the future state of the economy. As the economy appears to be headed upward, the price goes up.

In recent months, the charted plot of the price of gold and the DJI are roughly identical.

Go figure.
Click to expand...

The prices of precious metals can be manipulated as well.
 
Torus34 said:
The price of gold, I've been led to believe, is an indicator of belief in the future state of the economy. As the economy appears to be headed downward, the price goes up.

The Dow Jones Industrial index, I've been led to believe, is an indicator of belief in the future state of the economy. As the economy appears to be headed upward, the price goes up.

In recent months, the charted plot of the price of gold and the DJI are roughly identical.

Go figure.
Click to expand...

There is an important difference between owning (physical) gold/sliver and (most) stocks - only stocks pay dividends.
 
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