Gold Rush Knocks Dow Jones Industrial Average Off Its Feet

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Gold as a value asset continues to shine brightly, having reached a new all-time high near $2,600 on Monday, September 16, marking the 30th all-time high for gold prices this year, 2024.

It is also noteworthy that the Dow Jones Industrial Average (DJI) to gold (XAUUSD) ratio is gravitating to ever lower values, while the time-tested indicator of a U.S. recession, based on the US labor market behavior signaling that one is imminent.

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October 25, 2024

👉 Gold continues to surge, showes a strong reliable return of +33% in 2024, which is the best result... in the last 45 years (since 1979). The third result dates back to 2007 (almost 31%).
👉 The net long position of large speculators (COT data) is also at an all-time high at the moment.
👉 The Dow Jones Industrial Average (DJI) to gold (XAUUSD) ratio, gravitating towards ever lower values, is literally tearing America apart at the seams.