GOLD vs NASDAQ- Which is better ?

Over a period of time what is better to trade and invest in a gold futures based ETF or instead

the TQQQ , a leveraged and popular ETF tracking the NAS100 and NASDAQ. To analyse, this

I put NUGT on the daily chart and superimposed the price action of TQQQ.

Starting one year ago, NUGT had the better price action in an upward facing megaphone

pattern reflecting high volatility and topped out 70% over the last August start in a double top.

After its retracement, it is now positioned perhaps for bullish continuation.

TQQQ on the otherhand since a low at the end of 2022 has been in a less volatile trend up

topping out at 50% last month but now also with a bit of a pullback and retracement.

I conclude that one is not better than the other and that a lot depends on a traders

appreciation of market tops. Swing trades in both managed well may give diversity to

the trades and allow for profitable outcomes. As a well established gold bug, however, I

believe that gold will shine moving forward especially if a BRICS currency is launched with

a real gold standard.