Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,337.00	-78.00	-5.51%
WTI Crude •10 mins	65.80	+0.56	+0.86%
Gasoline •12 mins	2.084	-0.016	-0.74%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.19	+0.46	+0.68%
Natural Gas • 10 mins	3.626	+0.100	+2.84%
Heating Oil • 16 mins	2.338	-0.022	-0.95%

Headlines

743 days Will The ECB Continue To Hike Rates?
743 days Forbes: Aramco Remains Largest Company In The Middle East
745 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,145 days Could Crypto Overtake Traditional Investment?
1,150 days Americans Still Quitting Jobs At Record Pace
1,152 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,155 days Is The Dollar Too Strong?
1,155 days Big Tech Disappoints Investors on Earnings Calls
1,156 days Fear And Celebration On Twitter as Musk Takes The Reins
1,158 days China Is Quietly Trying To Distance Itself From Russia
1,158 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,162 days Crypto Investors Won Big In 2021
1,162 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,163 days Food Prices Are Skyrocketing As Putin’s War Persists
1,165 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,166 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,169 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,170 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,170 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,172 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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...