Commodity Prices

Gold •19 mins	2,310.50	-0.50	-0.02%
Platinum •19 mins	962.90	+8.00	+0.84%
WTI Crude •10 mins	78.70	-0.30	-0.38%
Gasoline •10 mins	2.576	-0.001	-0.05%
Ethanol •18 hours	2.161	+0.000	+0.00%
Silver •19 mins	26.99	+0.24	+0.89%

Silver • 19 mins	26.99	+0.24	+0.89%
Copper • 19 mins	4.508	-0.039	-0.85%
Brent Crude • 10 mins	83.34	-0.10	-0.12%
Natural Gas • 10 mins	2.022	+0.090	+4.66%
Heating Oil • 10 mins	2.432	-0.020	-0.80%

Headlines

322 days Will The ECB Continue To Hike Rates?
322 days Forbes: Aramco Remains Largest Company In The Middle East
324 days Caltech Scientists Succesfully Beam Back Solar Power From Space
724 days Could Crypto Overtake Traditional Investment?
729 days Americans Still Quitting Jobs At Record Pace
731 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
734 days Is The Dollar Too Strong?
734 days Big Tech Disappoints Investors on Earnings Calls
735 days Fear And Celebration On Twitter as Musk Takes The Reins
737 days China Is Quietly Trying To Distance Itself From Russia
737 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
741 days Crypto Investors Won Big In 2021
741 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
742 days Food Prices Are Skyrocketing As Putin’s War Persists
744 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
745 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
748 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
749 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
749 days Two ETFs That Could Hedge Against Extreme Market Volatility
751 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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…

More Info

Contact Author

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...