It's no secret that I've been touting gold and "black gold" since 2002. I'm still amazed how many people feel that the contraction in their 401k's started in October 2008. Like the "boiling frog", it started very slowly and quietly in late 1999.
I've presented the DJIA-Gold Ratio numerous times that clearly illustrates a shift from equities to commodities in late 1999. 1999 you say??? Yes, I believe that this cycle rolled over in late 1999. The chart below presents these facts very clearly.