"Can anyone clarify this for me?"
All paper is relative.
The DOW to GOLD ratio will drop to 1:1 in a bull commodity market. (the equities are falling with respect to gold and REAL savings)....however...
The DOW can go to 50,000,000 in $US through hyper-inflation. Gold would then be $50,000,00 as well...in $US...(as per Weimar Germany)...
The equities only APPEAR to go UP, but relative to GOLD, and commodities, they are FALLING.
hope that helps,
gildage