Figure A7

GOLD VERSUS THE DOW INDUSTRIALS FROM THE SUMMER OF 1989 TO THE AUTUMN OF 1990. THE GOLD RALLY IN THE FALL OF 1989 COINCIDED WITH STOCK MARKET WEAKNESS. THE FEBRUARY 1990 PEAK IN GOLD COINCIDED WITH A RALLY IN STOCKS. GOLD ROSE DURING THE SUMMER OF 1990 AS STOCKS WEAKENED. THROUGHOUT THE PERIOD SHOWN, GOLD DID BEST WHEN THE STOCK MARKET FALTERED.

Dow Industrials

Dow Industrials

Robinson Patman Act Template
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