The Truth About the Upcoming October Stock Market Crash was Predicted in April by Gold

 

by John Galt
October  9, 2013 21:15 ET

 

Way, way, way back on April 15, 2013 I posted the following article:

The Upcoming Stock Market Crash brought to you by Gold

Thus far the technical basis for that prediction and behavioral actions of the markets and America’s political elites seems to be validating a great disruption about to hit the equity markets worldwide any day now. The original chart from the article above still holds true today:

SPX_2008jgfla

Currently based on the 2008 chart above, gold is priced at levels akin to the “Gold Crash #2” area circled towards the end of the consolidation. By September of 2008 indications of  economic instability based on government incompetence and banking corruption. Fast forward to the chart for gold January 2, 2012 through October 9, 2013:

GOLD_JAN2012_OCT92013jgfla

If the market gets hit by an external event that is outside the perceived norm, such as a Treasury market default, then all bets are off as to what happens in the next ninety days; or sooner.

 

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