Gold Hits 7 Month High

Gold continues to rally as investors prefer safety haven investment after the economic plans revealed by US Treasury lacked any clarity on revival of economy. In India Gold crosses Rs 14,700 level per 10 ounces.


The DOW/ Gold ratio hits a new low. Dow/Gold Ratio is nothing but simply dividing the one by the other, pricing the Dow Jones Industrial Average in ounces of gold.


In 1999, it took 45 ounces of gold to buy the DOW.
Now it takes just 8.5 ounces to buy the DOW.