Global Stock Prices to Gold Ratio Illustrates Hemorrhage versus Injection Cycle

The Dow Jones World Stock Index priced in gold illustrates the cycle of hemorrhage vs. injection during a depressionary box. The 2003 to 2007 injection phase is represented by a trading box where that was bounded by the reaction low and 23.6% retracement of the previous hemorrhage cycle. The 2009 to present injection phase is also represented by a similar box. If it is to achieve a similar duration, there's going to be a lot more injection (currency devaluation) compared to 2003. This largely explains gold's unexpected strength in terms of mainstream media interpretation.

Dow Jones World Index to Gold Ratio: