gold is doom!, page-4

After the event it was obvious that internet stocks were in a bubble during the dot.com hysteria. The Nasdaq peaked in March 2000 at 5,132 and fell to a low of 1,114 around 2 years later. This represents a fall of 78%.

So how are Gold stocks going? They peaked in early 2011 at XGD value of 8,350 and fell to a low of 2,000 today (closing at 2,019). This represents a fall of 76% in just over 2 years.

So Gold stocks are closely following the Nasdaq bubble bursting. It's hard to see how Gold stocks were in anything other than a bubble. However maybe I can start a new conspiracy. Like Gold, the Fed conspired with JP Morgan, etc. to depress internet stocks because they would have led to new online currencies like bitcoin challenging the supremacy of the USD!