Click the checkboxes to add or remove graph lines  |  Left-click and drag to zoom in on a specific date range  |  Click here for more information


    The sample graphic on the left shows an "unzoomed" chart and the one on the right shows the chart once it has been zoomed.

You either need to upgrade your Flash player
or enable javascript to view this content.

Dow to Gold: Secular Market Cycles

This chart tracks the three primary secular cycles of the Dow to Gold ratio, smoothed with a 3-month moving average. The cycles are measured by how many ounces the ratio increased from the previous low. The most striking aspect of this chart is that each previous cycle dropped below zero before hitting bottom.

Share: Twitter |  Facebook |  Google+
Sources: Dow Jones, Yahoo Finance, LBMA
Notes: Vertical grey areas on chart indicate recessions.
Related Charts
(Click any thumbnail image to view the full-sized interactive chart)

This chart illustrates the effect inflation had on the perceived returns of the Dow Jones Industrial Average during the 1970s. While the market went sideways in nominal terms, it dropped...

Charts the Dow Jones Industrial Average for the last 10 years.

Graphs historical data for the Dow Jones Utility Average back to 1929. Compares the long term real level (adjusted for inflation by the headline CPI number) with the nominal value over...

Charts the Dow Jones Industrial Average for the last 100 years. Historical data is inflation-adjusted using the headline CPI.

This chart compares the four largest market bubbles of the last 100 years. It includes the Dow Jones Industrial Average in the 20s, gold in the 70s, technology stocks in the 90s and the...

This chart shows the inflation adjusted performance of the Dow Jones Industrial Average over the three major secular market cycles of the last 100 years. Each graph line begins and ends at...

This chart tracks the ratio of the Dow Jones Industrial Average to the price of gold. The number tells you how many ounces of gold it would take to buy the Dow on any given month. ...