Gold to DOW ratio may mark major low, David Bird suggests

Gold to DOW ratio may mark major low, David Bird suggests
Gold to DOW ratio indicates major bottom

David Bird raises the question of whether precious metals have reached a significant low point. He encourages readers to consider if there could still be further downside or if a bottom has been established.

Bird cites the Gold to DOW Ratio, noting that it broke out back in April 2024, as a reason for his increased attention on the sector.

Bird has previously examined 18-year cycle peaks in the S&P 500, noting that these periods have not produced above-average returns over the last century (read more). He has also observed a decline in the outperformance of the Magnificent 7 stocks, which peaked in late 2025 (details here). These observations come as he now turns his focus to precious metals and sector ratios.

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