I believe the Dow:Gold ratio will bottom around 7 in the next 2-5 years. I would estimate a gold price of around 1200-1500 putting the Dow in the neighborhood of 9400-10500. This is the general feeling that is impacting my overall strategy over the next few years.
A Dow of 7200 with gold near 1000 puts the ratio at 7.2. It could certainly go lower (meaning the ratio). However, I would seriously begin looking at the case for getting back into equities over the next 6-18 months.