Stocks are in the atmosphere! Dow Jones has made a historical high in terms of price. Should we buy stocks? We at Elliottwave markets do not recommend buying stocks, because in terms of real money (gold), the Dow has been crashing since year 2000.
The chart clearly shows us, that since year 2000, the Dow has been buying less and less gold (products and services). Who would want to buy something, which loses its value in time? We certainly do not! But wait, gold has been declining as well since 2011! This means, that we have a deflationary situation and the only safe place to hide, is cash. This is also true for silver, which has lost almost half of its value since 2011.