Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,968.00	+28.30	+1.46%
WTI Crude •11 mins	91.42	-5.18	-5.36%
Gasoline •17 mins	3.330	-0.124	-3.58%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	97.77	+1.63	+1.70%
Natural Gas • 11 mins	2.934	+0.027	+0.93%
Heating Oil • 17 mins	3.790	-0.098	-2.52%

Headlines

1,075 days Will The ECB Continue To Hike Rates?
1,076 days Forbes: Aramco Remains Largest Company In The Middle East
1,077 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,477 days Could Crypto Overtake Traditional Investment?
1,482 days Americans Still Quitting Jobs At Record Pace
1,484 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,487 days Is The Dollar Too Strong?
1,487 days Big Tech Disappoints Investors on Earnings Calls
1,488 days Fear And Celebration On Twitter as Musk Takes The Reins
1,490 days China Is Quietly Trying To Distance Itself From Russia
1,490 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,494 days Crypto Investors Won Big In 2021
1,494 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,495 days Food Prices Are Skyrocketing As Putin’s War Persists
1,497 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,498 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,501 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,502 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,502 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,504 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Daily Technical Report

By - Aug 29, 2011, 6:36 AM CDT

Gold is temporarily unwinding from oversold conditions, having dropped over $200 in only three days. The big drop followed a confluence of bearish signals (including DeMark™ exhaustion sell signal), amidst extremely overbought conditions.