Comparing Gold’s Move to The NASDAQ circa 1990-2000

This chart comes to you from Serge Farra and was posted on the excellent Slope of Hope Blog.

It compares the NASDAQ ($QQQ) from 1990-2000 to gold ($GLD) and breaks the respective charts into stealth, awareness and mania phases.

It depicts gold presently as being in a huge bear trap and projects 2012 as the beginning of a massive blow off.

Well worth a few minutes of your time…

 

Update: While editing this piece I noticed Robert’s excellent deconstruction of a similar theme.

 

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