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Tom updated the Gold Charts.
This here is the most important of all: gold.approximity.com/gold_charts.html
The following chart is possibly the most important of them all. It shows a
part of the U.S. industry (the Dow Jones Industrial Average, "Dow
Jones index") priced in ounces of gold. The chart shows that when one
real asset (industry) is priced in another real asset (gold), one does not
get ever increasing prices, but instead major investment CYCLES. The chart
implies that the degree of leverage in the system has ever increased since
December 23, 1913, when the Federal Reserve Act established the second U.S.
central bank - the "Federal Reserve" as we know it today. A
target of the DJIA:gold ratio below 1:1 seems realistic.
Amazing to see how the amplitude of these cycles gets bigger and bigger.
Scary what central banking does.
Here the same graph without log.
gold.approximity.com/since1885/DJIA-Gold-Ratio.html
Tom also added some charts going all the way back to 1885 and 1928.
gold.approximity.com/since1885/
gold.approximity.com/since1928/
gold.approximity.com/
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