2022-02-02

Ratio of Nasdaq to Gold and Oil

The Nasdaq is as expensive today relative to gold and oil, as it was in 2000 when looking at it from a multi-year timeframe. The chart of gold spiked in 1999 in part because gold bottomed out in the summer of 1999. Similarly, oil bottomed out in spring 2020. Both moves produced a spike. Ther charts say Nasdaq leadership is over. Commodities are rising.
Posted by at 5:08 PM
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2 comments:

  1. infoseekerFebruary 2, 2022 at 6:35 PM

    Noting that gold made a double bottom on April 2001, a year after the NASDAQ peaked in March 2000. Gold also spiked up in Feb. 2000, before crashing with everything else.

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  2. infoseekerFebruary 2, 2022 at 6:38 PM

    I like NFTRH interpretation of the gold chart as showing a downward sloping handle in a massive cup and handle, which will eventually explode higher. Looking for prices around $1600 to go heavily into miners.

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