|dow/gold ratio since 2009|
if you are still waiting for the market to double-dip the 666 level of march 2009 then please resume breathing - it already occurred. when the s&p downgraded the us debt in august of 2011 the dow/gold made the second dip. the reason why the media didn't report this was that it was obscurred by the activity of the fomc injecting liquidity into the market.
historically, values of dow/gold below 10 represent lower, recessionary readings and we are just breaking into a new range above 8.2 the next resistance is 9 and if that breaks then 10 comes into the picture, which represents the upper bound of the recession, with the teens representing early good-times.