It has been a while since we've seen a down-move in gold large enough to flush the weak holders. We're probably due.
For some reason I have (arbitrarily) picked $2520.00 as the high, 10x the (approx.) 1999 and 2001 double bottom.
Why?
No reason other than I expect to see headlines along the lines of this one before all is said and done:
"INTERNET.COM'S ISDEX, THE INTERNET STOCK INDEX, BREAKS 1,000, A GAIN OF 1000% IN LESS THAN FOUR YEARS"That tout was published on March 10, 2000.
The Nasdaq closed that day at 5048.62, it's all-time closing high.
(2355.83 at today's close, still a ways to go)
