Article written

  • on 24.10.2009
  • at 10:18 AM
  • by Shearp

The Ominous October 0

Oct24

In years past, the month of October has been an incurable disease, a degenerative virus on our portfolios. Three weeks through October this year, 2009 will likely turn out to be mild.

The flirtaciously inverse relationship between the dollar and gold this month have witnessed the Dow (^DJI) test itself. Much to participants’ surprise, we’ve watched it test the waters north of 10,000 already, just 7 months or so after the year’s lows on/around 09 March, when the Dow closed at 6,547.49. We have closed up 52.3% from this fearful day. Now only roughly 41.1% to go to to the, ironically all-time-high of 14,093 on 08 October 2007.

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