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Posted on 17 April 2013 | 3,085 views

Apple Stock and Gold Just Triggered a 2013 Stock Market Crash

With the Standard and Poors 500 (S&P 500) just hitting new highs, we are beginning to hear a common concern — volume is low and this is bearish. Overall total-dollar volume is lower now than it was during the financial crisis. In fact, if volume starts to spike higher now, this will be a big warning sign.

Apple (Ticker Symbol: AAPL) needed to hold $419.00 per share and since it broke through that level on April 17, 2013 — the next support level for Apple is $353.00 which would be another 15% down from its current level. In fact, this is signaling the S&P 500 to follow suit with current projections putting the S&P 500 at 1280 by Summer of 2013.

Gold has lost nearly one-fifth of its value this year alone and more than 10% since Friday — the worst decline since the early 1980s. Gold had its spectacular plunge — a two-day drop of 13% — the correlation between gold and the S&P 500 has now triggered the start of a 2013 stock market collapse of at least 20% — fundamentals are now breaking down on all asset classes.

Rumors that the Fed will cut its quantitative easing within a few months isn’t helping matters either.

The stock market falling 20% or more is typically nothing for long-term investors to fret about — historically, it’s a once-every-five-years occurrence and it’s due now!

In the last century, gold has run up only be to trounced in a massive sell off. It happened in 1915-1920, 1941, 1947, 1951-1966, 1974-1976 1981, 1983-1985, 1987-2000 and in 2008.

Gold isn’t wrapped up in 1930s economic theory — the reality is that gold is just another Wall Street pump-and-dump investment — gold really is is a barometer of fear.

You don’t need to have an advanced degree in economics to understand the fascination with the shiny stuff — gold is the dummy’s hedge.

Apple Stock and Gold Just Triggered a 2013 Stock Market Crash

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