Commodity Prices

Gold •801 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.60	-3.50	-0.19%
WTI Crude •1 day	100.05	-2.43	-2.37%
Gasoline •1 day	3.307	-0.086	-2.53%
Ethanol •801 days	2.161	+0.000	+0.00%
Silver •801 days	30.82	+1.16	+3.92%

Silver • 801 days	30.82	+1.16	+3.92%
Copper • 801 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	104.61	-3.02	-2.81%
Natural Gas • 1 day	2.831	-0.003	-0.11%
Heating Oil • 1 day	4.959	-0.098	-1.94%

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Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

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By Erik Swarts - Aug 16, 2011, 1:33 PM CDT

I continue to believe that silver is a broken market searching for significantly lower prices. From my perspective, the window for the next leg lower is wide open and upon us.

Whether the currency market breaks first or in concert with the precious metals market is anyones guess at this point. But the proportions going into this move have been extreme and will likely be commensurate on the backside.

Silver vs Dollar
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