Here is long term chart of Dow vs Gold, which is a long term downtrend now for the next 10 years. A bear flag has formed here, and once this breaks down, the ratio is heading to 1:1. For example, Dow 10,000 (70% drop) which I expect from 2025 to 2027 Great Depression and Gold $10,000, as the sovereign bonds default.
This is a 100 year chart going back to early 1900s. Each candle is 6 months. And the macro picture is clear. Very clear.