Here's something of interest to share with Gold Investors. Yesterday, the Dow Jones finally lost it's momentum after notching 10 days of continuous gains. The Dow dropped 25.03 points, or 0.2%, to 14,514.11 at closing while spot gold price for Malaysia gained RM0.59/gram or 0.37% to close at RM159.60/gram.
The question on everyone's mind is what to expect of the Dow from Monday onward?
The Historical Rise and Fall of the Dow:
See the numbers 1 to 5 on the Dow Graph, for every new highs achieved by the Dow, it would followed by a major drop in the index. Let's take a look at each of it:
Number 1 : 14th January 2000 - The Dow hits 11,722.98 points
Number 2 : 9th October 2002 - The Dow falls to 7,286.27 (losing 36% from its 2000 record)
Number 3 : 9th October 2007 - The Dow hits a new high of 14,164.53 points
Number 4 : 9th March 2009 - The Dow falls to 6,547.05 (losing 54% from its 2007 record)
Number 5 : 5th March 2013 - The Dow hits a new high of 14,253.77 points
What's next?
Trending wise for every new high The Dow hits, a major fall would be impending soon. Are you ready for it?
Cheers and Happy Investing
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