Tech stocks versus gold

06/22/2003 Mises Wire Mark Thornton

Despite the impressive rally in tech stocks and virtually no reporting on the gold market, Nasdaq has a long way to catch up with precious metals. This is a two-year chart of the two markets. The media barely mentioned that the gold index (XAU) hit a 52-week high this past week.

Chart

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Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the...

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