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Dow Gold Ratio Closing Down

|Includes:GLD, PPLT, ProShares UltraPro Short Dow 30 ETF (SDOW), SLV

A little reminder on the Dow-gold ratio (Chart 1). We see that the Dow has underperformed gold recently. And it looks like the trend could keep going down, which is consistent with my bullish view on precious metals.

Chart 1: Dow Gold Ratio

Also very consistent with my bullish view on silver, we see the gold silver ratio (Chart 2) go down as well. It's strikingly similar with the Dow-gold ratio.

Chart 2: Gold Silver Ratio

And finally, we see that platinum hasn't had its rise yet against gold. So buying platinum is still a very good deal (Chart 3).

Chart 3: Platinum Gold Ratio

Disclosure: I am long AGQ.

Stocks: SDOW, GLD, PPLT, SLV