[simon says what]

Another thing that is really interesting is that the Dow:gold ratio stayed between 3 and 5 from 1900 all the way to the early 1980s, except for during the bull markets of the 1920s and 1950-1960s. And then when the bull collapsed, the ratio fell back to the norm.

Absolutely! The Dow/Gold ratio did not have an affect on the price of Gold when Gold was set at $35/oz. It was always the Dow that caused the ratio fluctuations. Since Gold was freed in 1971 Gold goes up when the Dow comes down.

[Mulder]

That is a really informative chart. It looks like an "unstable oscillation". That is, the tops get higher as time increases, and the bottoms get lower.

It appears that we have a long ways to go before the ratio returns to its norm.