11 May 2009
After the inflection point in the early 2000's, the Dow/Gold has entered in a new phase since 2006-07 and the downward tunnel is accelerating.
This reflects not only the current financial and economic crisis but also the remonetization of gold in the eyes of investors.
European central bankers do not like gold (at the a cost of over $40 billion - see previous post), but they cannot continue acting without noticing this.
I believe that gold is going to decisively break the $1000/oz by year end. Let's tuned on.