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<p>[QUOTE="InfleXion, post: 1240636, member: 29012"]While I do like charts for some things, I use them more as a gas/brake pedal than a steering wheel. The reasons behind why gold is going so high are more important to my outlook than anything else. I do agree that if the DOW and gold cross, or even get to 2:1 I would think we are near the top, and after that metals will not be as attractive. They are very different things and any correlation is not an exact science, however it has been consistent over the course of the century that the higher the DOW is measured against gold the harder gold snaps back over the course of the cycle. Could it be a coincidence, possibly, but I don't think it is. There's really no telling how far the ratio may become skewed, because there are so many never before seen circumstances in play right now, but the momentum is clear and it's not going to change all by itself for no reason.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1240636, member: 29012"]While I do like charts for some things, I use them more as a gas/brake pedal than a steering wheel. The reasons behind why gold is going so high are more important to my outlook than anything else. I do agree that if the DOW and gold cross, or even get to 2:1 I would think we are near the top, and after that metals will not be as attractive. They are very different things and any correlation is not an exact science, however it has been consistent over the course of the century that the higher the DOW is measured against gold the harder gold snaps back over the course of the cycle. Could it be a coincidence, possibly, but I don't think it is. There's really no telling how far the ratio may become skewed, because there are so many never before seen circumstances in play right now, but the momentum is clear and it's not going to change all by itself for no reason.[/QUOTE]
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Is anybody still buying silver and gold?
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