Wall Street is ecstatic after the Dow Jones Industrial Average (DJIA) hit 40,000 for the first time ever. The nominal record makes for plenty of pithy headlines.
The Dow is indeed racing higher in terms of depreciating U.S. fiat dollars. But what about in terms of real money – gold and silver?
The headline news not being reported in the mainstream financial media is that the stock market benchmark just fell – yes, fell – to a two-year low in real terms.
It may seem hard to believe that the stock market is losing value at the same time as its gains are being widely celebrated, but the charts don’t lie.
The DJIA:gold ratio peaked all the way back in 1999.
It’s been 25 years since stocks have made new highs in terms of gold.
The DJIA is also starting to lag behind silver. The Dow:silver ratio suffered a significant breakdown last Friday – the very day the Dow closed above 40,000!
A stealth bear market in stocks appears to be underway.
Few investors are aware of it. Their brokerage account statements still show gains being registered. But those gains exist only in terms of phony, funny money.
Gleason is president of Money Metals Exchange, a national precious metals investment company and news service with over 300,000 readers and 100,000 paid customers. He launched the company while president of a national newsletter publishing company dedicated to helping subscribers protect their freedoms, assets, and privacy.
He founded Money Metals Exchange in 2010 in direct response to the abusive methods of national advertisers of “rare,” collectible, and numismatic coins who mark up their coins to 50%, 100%, or even higher above their actual melt value. Money Metals believes the average investor should never purchase precious metals that are not priced at or near their actual melt value. The rare coin market is only suitable for highly experienced collectors with money to blow.
Gleason currently leads marketing, publishing, and real estate companies as well. Previously, Gleason served as Vice President of the National Right to Work Legal Defense Foundation in Springfield, Virginia. Gleason is a graduate of the University of Florida with a BA degree in Political Science.
Gleason has frequently appeared on national television shows and networks such as Fox News Channel's O'Reilly Factor and Special Report with Brit Hume, CNBC's Closing Bell, Christian Broadcasting Network, CNN, and C-SPAN's Washington Journal. He has frequently been interviewed on national radio shows such as the Lars Larson Show, Michael Reagan Show, G. Gordon Liddy Show, and Ken Hamblin Show. Gleason's commentaries have appeared in The Wall Street Journal, Detroit News, Washington Times, and National Review, among thousands of other national, state, and local newspapers, wire services, and Internet sites.
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