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DJIA Priced in Gold: What It Means for the Long-Term Trend

By Ilene
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DJIA Priced in Gold: What It Means for the Long-Term Trend

Courtesy of Elliott Wave International 

Of the many forward-looking market indicators we at EWI employ, one of the most interesting tools (and least discussed in the financial media) is the DJIA priced in gold — "the real money," as EWI’s president Robert Prechter calls it. What implications might the present position of Dow/gold have for the long-term trend of the nominal Dow? In this video, Elliott Wave International’s Steven Hochberg shows you several revealing charts that answer this question.

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