I would say NO.Go and look at US unemployment historical...

I would say NO.

Go and look at US unemployment historical data-8.1% is high but not depression like high-has been higher in the 80's and other times aside from the 30's.

We live in a global villiage these days, hence most of the world is affected. I would expect the gold dow ratio has little bit further to go yet though and would expect a ratio of 2 or 3. So possible scenario are these before the gold dow ratio bottoms,

1. Dow to continue down to 2000
2. Gold to rise to 2000, Dow trends sideways.
3. Dow to rise slowly but gold to rise sharply.

I would say 2 or 3 are more likely here.