Commodity Prices

Gold •15 mins	1,427.70	+1.00	+0.07%
Platinum •15 mins	853.40	+1.30	+0.15%
Bitcoin •1 min	10,262.77	-237.04	-2.26%
WTI Crude •11 mins	56.21	+0.45	+0.81%
Gasoline •10 mins	1.793	-0.003	-0.15%
Silver •15 mins	16.45	+0.25	+1.54%

Silver • 15 mins	16.45	+0.25	+1.54%
Copper • 15 mins	2.721	-0.032	-1.14%
Ethereum • 1 min	216.05	-5.63	-2.54%
Brent Crude • 10 mins	63.31	+0.84	+1.34%
Natural Gas • 10 mins	2.290	+0.062	+2.78%

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Douglas V. Gnazzo

Douglas V. Gnazzo is the retired CEO of New England Renovation LLC, a historical restoration contractor that specialized in the restoration of older buildings and…

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Honest Money Gold and Silver Report: Market Wrap Week Ending 8/13/10

By Douglas V. Gnazzo - Aug 15, 2010, 6:21 PM CDT

Stocks had a tough week losing almost 4%. This correction has changed the short term trend from up to down. Now it remains to be seen if the July lows hold. If they don't, the next phase of the bear market will be unfolding.

It looks like the lows will be tested; and I believe that eventually they will be broken; however, I'm not sure it will happen on this particular move. There may be one last rally yet to come.

Presently, the risk off trade is back in the driver's seat. Volatility continues to be the dominant theme. Both bulls and bears are getting chewed up alive...