AAPL effect - NASDAQ will be crashing on Tuesday - Take Au/Ag with it ?

[gunDriller]

Well, it looks like Steve Jobs is taking another medical leave from Apple.

He is looking very gaunt.

Of course this news has a big effect on the stock, since Jobs is such a key employee.

He has gone through pancreatic cancer and a liver transplant the last 10 years.

http://ei.marketwatch.com/Multimedia/2011/01/06/Photos/MC/MW-AH946_jobs_s_20110106082120_MC.jpg

/\ Jobs in September 2010.


Gold & silver have been tracking US equity markets the last 2 weeks. Today Monday Jan. 17, German equity markets are trading Apple down 1 1/2 to 2%. Given the recent run-up in Apple's share price, it seems logical that there will be some profit-taking on Tuesday when US markets re-open.

So I'm wondering if PM's will track with Dow & NASDAQ on Tuesday Jan. 18 - or will go back to going Up Up & Up.

[gunDriller]

AAPL shares in Germany now down 8%.

http://www.zerohedge.com/article/german-listed-apple-shares-now-down-8

[osoab]

Hmmm, I guess it will cheaper to buy @ the local guy on Tuesday. ;D He isn't open on Monday's.

[joe_momma]

Au/Ag will be unchanged -

The flight from AAPL will touch off an avalanche (i.e., NFLX) speed bumps may kick in.

IMHO - since most of the trades are leveraged, there will not be a flight of capital (as there is none) - rather there will be a broad "sell-off" in the equities markets - perhaps the market closing down 2% by the end of the week.

BHO gives his State of the Union speech soon - the markets will have to be favorable until after then.