![]() Since 2018, stocks and gold both spiked, and despite the coronavirus pandemic and the recent stock market selloff, both assets are significantly higher now compared to 2018. The Dow accelerated even higher as gold hit a multi-year low in 2015. ![]() Gold topped out in 2011 after a meteoric rise, and then tumbled over the next few years as the Dow rose significantly. While the Dow Jones Industrial Average mostly ranged, gold embarked on a. to conserve the US gold stock in order to launch the Federal Reserve System. The Dow Jones Industrial Average was said to have had a 'glass ceiling' at. Here is a chart of the Dow along with gold ($/Oz) since 1975. The most recent DJIA closing value in this data set is 32827 on November 7. Still, GLD has outperformed the S&P 500 this year, returning a loss of 10.8 vs. Investors buying stocks with their cash reserves probably felt fine, but anyone selling gold to buy stocks most likely felt a lot of regret. For example, when the Dow began making new highs in 2013, it was still down 75% (when priced in ounces of gold). Create advanced interactive price charts for DJUSGL:DJUSVA, with a wide variety of chart types, technical indicators, overlays, and annotation tools. Also, we can visualize the opportunity costs of stock investing compared to these assets. Hopefully, this can help us catch rotations into or out of these assets as early as possible. I’m pricing the Dow Jones Industrial Average (DJI) in alternative assets like ounces of gold, barrels of oil, etc. ![]() Here are some charts I like to keep an eye on.
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