|For some perspective on the long-term performance of the stock market, today's chart presents the Dow priced in another global currency – gold (i.e. the Dow / gold ratio). For example, it currently takes less than a mere eight ounces of gold to 'buy the Dow' which is considerably less than the 44.8 ounces it took back in 1999. Priced in gold, the Dow has been in a massive 11-year bear market. Recently, the Dow (priced in gold) stopped declining for long enough to break above its six-year, accelerated downtrend channel. However, shortly after the break out, the Dow (priced in gold) pulled back to post-crisis lows.Notes:
- Will the Dow crash? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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Quote of the Day"When gold argues the cause, eloquence is impotent." - Publilius Syrus
Events of the DayJuly 01, 2011 - Canada Day
July 04, 2011 - US Independence Day
July 07, 2011 - Running of the Bulls begins in Pamplona, Spain (ends 7/14) - US Women's Open golf tournament begins (ends July 10th)
Stocks of the Day-- Find out which stocks investors are focused on with the most active stocks today.
-- Which stocks are making big money? Find out with the biggest stock gainers today.
-- What are the largest companies? Find out with the largest companies by market cap.
-- Which stocks are the biggest dividend payers? Find out with the highest dividend paying stocks.
-- You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as for each of the S&P 500 Companies.
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