NDX vs XAU
This analysis is very rough, but if we go by the 2000 recession, NDX took 17 years to recover.
In the meantime, between 2001and 2011while the ND went nowhere in terms of value, gold shined (golden line chart below) as it doubled in value, doubled again, and then again from about USD250/oz to 1570/oz.
If this is in any way a repeat, as I am afraid this time we might potentially be facing a depression and not a recession, if the current support is broken, the next recovery point of the "critical long term support" line will be in 26 years,
Meanwhile, XAU has hit a predicted low and bounced back 200$, a level that i believe will never drop to again.
What are your thoughts? Let's discuss.
In the meantime, between 2001and 2011while the ND went nowhere in terms of value, gold shined (golden line chart below) as it doubled in value, doubled again, and then again from about USD250/oz to 1570/oz.
If this is in any way a repeat, as I am afraid this time we might potentially be facing a depression and not a recession, if the current support is broken, the next recovery point of the "critical long term support" line will be in 26 years,
Meanwhile, XAU has hit a predicted low and bounced back 200$, a level that i believe will never drop to again.
What are your thoughts? Let's discuss.
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