IBB in black is a biotech ETF, blue line is the S&P 500 Index, and gold color is the GDX senior gold miners.
Gold is a current asset, with no future cash flows–it is the financial opposite of biotech. This is why gold is the ULTIMATE LOSER during the growth of a credit bubble, but a SURE WINNER when it collapses. It is why gold mining companies will go from being worth next to nothing to something, a nearly infinite percentage increase. –Dan Oliver, Myrmikan Capital http://www.myrmikan.com/port/