Notice that the DOW/GOLD ratio has been in decline since June 1999. The wealth created under Alan Greenspan in has been leaving the USA for 15 yrs now fueling bubbles around the world.We are in a typical 16-18 yr consolidation pattern following a similar length boom from Ronald Regan era that stopped with the Nasaq Tech Crash of 2000 and damage caused from 9/11.

The housing boom/bust & subsequent bubbles since are just reverberations of the original crash.

The Dow Jones oscillates from 16-18 year secular bull and bear cycles consistently for the last 100 years.
Notice that the DOW/GOLD ratio has been in decline since June 1999. The wealth created under Alan Greenspan in has been leaving the USA for 15 yrs now fueling bubbles around the world with the help of media outlets like CNBC and their ilk helping to drive public sentiment into each asset class.