Many so-called "experts" are saying AI stocks are in "the biggest bubble of all time." But based on history – we're not even close! For example, consider Cisco (CSCO) – one of the biggest winners from the Dot-Com era. From 1990 until 1997, Cisco shot up more than 11,000%... A massive gain. Surely it couldn't go higher from there... right? Well, look what happened next... In the next two years, that stock soared ANOTHER 10 times higher! From start to finish, that's a gain of over 100,000%. Now, here's what that looks like compared to NVIDIA (NVDA) today... If NVIDIA heads up another 10x in the next two years... then maybe we can start using "bubble" language.
Of the other precious metals, platinum was up 2.9% while palladium fell 3.2%. Oil was the big winner, along with the commodity ETF. Gold YTD: Steady as She Goes To the surprise of some investors, gold is up 3.2% year-to-date. You’ll notice that both gold and the US dollar are up on the year. This shows a rising dollar is not always negative for gold and that at times they can both rise together.
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