| By Tom Dyson, Contributor, The Bonner-Denning Letter My ex-wife and I are on sabbatical. We’re traveling around the world with our three kids, having an epic adventure. I’m not supposed to be working, but when I saw what was happening in the equity and gold markets late last year, I drained my savings accounts and converted everything to gold. Then I started nagging my family members to do the same… | Recommended Link | WARNING: You may not have access to Wall Street insider Jason Bodner’s 5 new trade alerts with spectacular profit potential Wednesday @ 8 p.m. ET: Wall Street insider Jason Bodner is set to release five new stocks in a private event – using his breakthrough stock-picking system, which Ivy League researchers proved has identified the #1 stock on the S&P 500 almost every year over the past three decades, so he believes these stocks may have spectacular profit potential… They are the #1 5G stock… the #1 tech stock… the #1 gold stock… the #1 cryptocurrency stock… and the #1 cannabis stock… But you must pre-register to receive these 5 trade ideas if you wish to receive them – and according to our records, your name is NOT on Jason’s VIP list yet. You may only have a few hours left to get in on this… | | | -- | Simple Strategy First, look at this chart. It shows the great wave of stock market valuations, oscillating between cheap and expensive every generation or so. 
This pattern has held for 120 years. And I expect it’ll always hold (because the emotional wiring of investors never changes). As you can see above, the stock market is currently at “expensive.” You can tell because we’re above the black line at the 0% marker. Now look at the chart below. It shows the ratio of the Dow Jones stock index to the gold price per ounce. We call this the Dow-to-Gold index. Look how accurately the Dow-to-Gold index syncs up with the great valuation wave above. 
When valuations are in a bear market, as they have been since the year 2000, you hold gold until the great wave bottoms out. Then, when valuations are in a bull market, you hold stocks until the wave peaks. I intend to use these charts to manage my retirement savings – rotating between stocks and gold at the tops and bottoms of the great valuation wave – for the rest of my life. And I’ll try to drum it into my kids’ heads too, if they’ll listen. | Recommended Link | Silicon Valley insider reveals tech breakthrough worth $15.7 trillion Silicon Valley insider and Venture Capitalist Jeff Brown reveals a technology that could change the fortunes of some of the largest American tech companies. With his years of experience in the semiconductor industry, working for companies like Qualcomm and NXP semiconductor… and his 93% success rate investing in startups, Jeff has a knack for picking winners in the tech industry. Today he reveals why this new technology is so vital to the future of these tech companies, and the little-known company that holds the key to a $15.7 trillion fortune. | | | -- | All In As I mentioned in my new Postcards From the Fringe e-letter, the last valuation extreme (a high) occurred in 1999. The Dow-to-Gold ratio hit 41. That was the time to rotate from stocks to gold. The next extreme (a low) will occur soon – probably in the next five or 10 years. And that will be a time to rotate from gold to stocks. We’ll know it’s time to rotate when valuations match the previous wave bottoms of 1933, 1950, and 1980. And when the Dow-to-Gold ratio has gone below 5. Here’s the thing… Even though the valuation bear market is 20 years old, there’s been a big countertrend rebound over the last seven years. Stock market valuations almost returned to their 1999 peak, and the Dow-to-Gold ratio bounced back up above 20. That countertrend rally ended in October 2018 at 22.36 when the Dow-to-Gold ratio dramatically reversed and started heading lower again. I noticed this reversal when we were in Rwanda, and that’s what got me so excited. So earlier this year, I approached Bill and Bonner-Denning Letter coauthor Dan Denning in London. “This is the most excited I’ve been about an idea in years,” I told them. “I’ve bet all my savings on it, and I’m pushing my parents and brothers to follow me.” Then I asked them if I could share my insight with readers of The Bonner-Denning Letter. They agreed. | Recommended Link | YOU JUST MISSED A $151,740 OPPORTUNITY During his Accelerated Profits Summit Jeff Brown revealed the secret tech sector system he’s created to help anyone with a computer see an extra $151,740 a year. The results he uncovered speak for themselves: 494%… 617%… 793%… 884%… 2,293%… and even 11,764%… often in a few months’ time. URGENT: Jeff just revealed three new trades that can get you on your way to financial freedom. But the buy window won’t last. If you’re ready to take control of your financial future… | | | -- | Three months ago, I became an official contributor. And if you read our Letter, you know I’ve been tracking this trend as it plays out. In the last three weeks, the Dow has risen, gold has fallen, and the ratio has been creeping back up again. As we go to publication, it’s just below 18. This could be the last time we see the Dow-to-Gold ratio near 18 for many years to come… and your last chance to get on the train before it leaves the station for good. Regards, Tom Dyson
Contributor, The Bonner-Denning Letter Like what you’re reading? Send your thoughts to feedback@bonnerandpartners.com. | 
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