When oil reaches $500 a barrel.
Oil is one element.
I’ve seen projections based on historical value of gold v merchandise that show gold and the dow meeting at 3000.
There was a mathematical argument that generated a support level of dow and gold at 5000 but that assumed minimal .gov interference. a case I doubt would occur w/ zero in the oral orifice at 1600 Pennzy.
take the dow back in 78 or 79 when an ounce of gold could have bought the whole dow. run forward.
that’s where the dow and gold at 3000 comes from. The dow is seriously overvalued, gold seriously being jacked around.
enjoy.