Loading ...What it means is on occasion longer term, the Dow and Gold prices cross each other.
Like around 1980 Gold hit 800 and the Dow was down to 796. For that to happen again, with the Dow now at 49,584, Gold would would be up past $49,584 per ounce.
Or, if the Dow would have to drop to 6,000 (from 49,584) and Gold up past $6,000/oz. (one ounce buying the dow) The Dines Letter used to mention the Dow Gold ratio. I think it happened around 1929 also.