The “Gold” Bubble vs the Nasdaq Bubble

Posted by Mark Hulbert, MarketWatch

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Given gold’s stunning rise there are those who seem to think gold is in a bubble similar to the Nasdaq bubble of 1999-2000. Actually gold would have to be $3,200 an ounce, nearly double its current $1,800 if it was  in the final stages of a bubble the way that the Nasdaq was at its top in March 2000. As you can see in the chart below: