To understand, people have to know how gold standard was followed pre-1973 and what changed after 1973 gold standards are dropped, US $ came into system of currency.
In short, gold goes to peak during recessionary phase as people move it as safe investment when they can not buy bonds (low return) and stocks (possible drops due to economy). Once recession ends, Gold drops, until then it is going up and up.
People move the money where better returns are there.
These are company specific, I do not want to comment as individual users must deep dive on fundamentals about that company (TSLA or AAPL). I am really off of individual stocks.
USD existed before 1973 ( I think there was typo in what you said). What changed was decoupling of USD and Gold. Nixon did it. Why, pressure of left economists. Same reason FED was created. Without Gold Standards to worry about, FED can print as much money as it likes to save big business in the pretext of helping poor.
Remove your screen shot, better for you, We trust your figure without proof !
Okay, I do not share my proof, but here is what I can say. This July month, S&P went up 4%, Nasdaq went up 5%, but my one investment account (options allowed) went up 30% and another account (options not allowed) went up 16%.
you are assuming these business are new to online. it will be very small increment. check yelp.
The scale of destruction in Energy, Aviation, Tourism, education, Telecom, pharma and healthcare (closed hospitals) are on magnitude more than any thing else. even Apple stores were closed for months. with little inventory. they delayed new Iphones. so where is the forward quidence that justify earnings?
The most damage that low interest rates done is the former Commie countries of Russia and China to get there act together and make there bonds relatively low interest rate… Now completely new industrial, energy and food supply chains are created. Those two graduate the most scientific graduates of quality.
Once the old Imperial countries of Europe see there success. they want to go own way and no longer tether to US economic system.
California demographic and trade is more Asian/Latin.
EU has far less stake in it and they will have no problem initiating regulatory trade war on it.
This big trend which cannot be reversed.
Socialists countries are good in giving education to their children. Which is not of much use. Most of the graduates cannot do task that require to be a little more complex than drafting a letter, or operating a simple machine. The drop outs from American Universities some time end up creating big companies.
Scientific Education and and personal and market freedom go hand in hand. This will requires a many generation of effort to cultivate that entrepreneurship.
The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard.
Still countries, mainly banks, funds and other financial institutions, are keeping/buying gold as alternate investments.
Now, all over world, bonds are thrashed to low or negative returns. Stocks are up with extreme values reaching Pre-Covid level, with the help of FED (and all over world banks unlimited kind of funding).
The only reliable place seems to be gold, people moving to gold as safe heaven with better returns. This happens every recession.