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08.07.26 - 19:54
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The Great Migration: What The Dow-To-Gold Ratio Is Telling Us (ZeroHedge)
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The Great Migration: What The Dow-To-Gold Ratio Is Telling Us
Authored by Bryan Lutz, Editor at Dollarcollapse.com,
It takes about 13 ounces of gold to buy the Dow Jones Industrial Average. The Dow-to-gold ratio prices the entire American stock market. And it does it in the one currency no central bank can print. Over the past century, it tells the same story.
It measures when the US stock market is overvalued… when it's promising too much.
And there are a lot of promises that don't look as good as they should these days.
A bond pays only if the issuer stays solvent.
A dollar holds its value only if the people who print it show restraint.
Yet, tangible wealth answers to no one. An ounce of gold is worth an ounce of gold whether a single counterparty keeps their word, which is what makes gold an honest denominator in the Dow-to-Gold ratio.
The ratio goes up, and it comes down. During the great manias of the twentieth century, paper looked invincible: 18 ounces to buy the Dow in 1929, 28 in ...
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08.07.26 - 17:30
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Stocks Fall as US-Iran Jitters Spur Rally in Oil (Bloomberg)
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A flare-up in geopolitical risks drove stocks lower, bond yields rose and oil climbed as President Donald Trump said a ceasefire with Iran may be over, noting the US would probably launch further strikes.
From New York to London and Tokyo, equities retreated. Almost 400 shares in the S&P 500 dropped, though chipmakers bounced.
Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods, discusses these market gyrations amid geopolitical swings. (Source: Bloomberg)...
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