GLD/SLV, GDX/SIL, USO/XLE, TLT, and the Dow Industrials
Is the Dow Theory only for US stock indexes? Does it work? Is
it not a thing of the past? The Dow Theory works and outperformed Buy &
Hold across many markets (energy, precious metals, and their ETF miners, US
bonds, US stock indexes). Look at the chart below. It displays the
outperformance of the Dow Theory versus Buy & Hold as per the
trades taken in this blog and on thedowtheory.com (US Stock Indexes since 1953) from the end of August 2012 till June 2021.
And what about risk? The Dow Theory did a great job too, as you will see soon on this blog.
Co-Editor of thedowtheory.com