Loading ...Apple, Amazon, Microsoft to $Gold, $Silver, $HUI
I’m not adding any chartology to these, but in linear form when Apple and Amazon are compared to Microsoft of the late 1990’s relative to $Gold, $Silver, or the $HUI, they all look exponential and similar in form. Unfortunately, for us, we have no idea what the financial powers in control are conjuring up this round if all hell breaks loose. The aforementioned firms have made huge strides in improving the well-being of humanity, but not to these levels IMHO … are these bubbles finally popping?
Yes! That’s some really impressive price growth in Apple and Amazon relative to Gold.
But the secular bear markets can be vicious. Amazon vs Gold declined over 80% in the tech bust. Interestingly enough, a similar crash from the 2018 peak would put the ratio back to where it was near the peak of the 1999, 2000 tech boom.
But 2018 could also be a smaller cyclical bear like 2014 and 2016. 30% to 40%+ drops which are recovered to new highs.
The 0.100 level on Microsoft vs Gold looks important. Many reversals occurred near this level at the 1999, 2000 top. If the tech bull resumes, Microsoft may have 25% more upside relative to gold as it retests the underside of the 0.100 ratio level.