The explanatory text in the displayed chart is < 100% lucid, IMO. From the first page of the linked text:

"The data since 1945 is a simple calculation using data from the Federal Reserve Z.1 Statistical Release, section B.103, Balance Sheet and Reconciliation Tables for Nonfinancial Corporate Business. Specifically, it is the ratio of Market Value divided by Replacement Cost. It might seem logical that fair value would be a 1:1 ratio. But that has not historically been the case. The explanation, according to Smithers & Co. (more about them later) is that "the replacement cost of company assets is overstated. This is because the long-term real return on corporate equity, according to the published data, is only 4.8%, while the long-term real return to investors is around 6.0%. Over the long-term and in equilibrium, the two must be the same..."

Wasn't the consolidation like 6 months ago the same pattern that broke up?

$GDXJ $GLD $SLV $BTC.X what, after 33 weeks you're seeing the light - throwing in the towel? Based on.. Buy [BTC] high.. Sell [GLD] low? Cue the BTM in GOLD... See this chart:

charts.stocktwits.com/.../original_309687447.png

I have a hard time expecting markets to grow 5% the next ten years, because where else do people put their money?

You have some good stuff. Have anything more current?

From what I've read, stores are boarding up their windows in preparations of rioting, so I'm not the only one.

Now's the time to buy gold. All hell may break loose on or right after election day. Better to be safe buy buying into safety.

Good ol' reliable gold. No matter what, we can always count on you.

Very thorough answer Laurent, you should comment more often. Always nice to see such thought provoking comments.

Well said, thanks for the thorough response, I agree.