I have for quite awhile now thought this to be a most important graph, not just for the time period it specifies but for the possible future. Homestake can be used as a proxy for the gold mining industry and the DJIA for the broader market averages. An analogous repeat of history is always a distinct possibility. We shall see. Bull
http://whiskeyandgunpowder.com/files/2009/06/060409whiskey2.jpg
p.s. Notice how Homestake crashes with everything else during the initial downturn, and stays flat and gently starts to rise in '30 and '31. Then examine the divergence after that time period as the Dow starts declining in earnest.
![]()