Commodity Prices

Gold •176 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	965.20	+0.40	+0.04%
WTI Crude •10 mins	69.51	-0.59	-0.84%
Gasoline •17 mins	1.945	-0.014	-0.72%
Ethanol •176 days	2.161	+0.000	+0.00%
Silver •176 days	30.82	+1.16	+3.92%

Silver • 176 days	30.82	+1.16	+3.92%
Copper • 176 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.13	-0.45	-0.61%
Natural Gas • 10 mins	3.696	-0.250	-6.34%
Heating Oil • 12 mins	2.202	-0.020	-0.88%

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Daily Technical Report

By - Oct 27, 2011, 5:39 AM CDT

Gold remains bearish after its dramatic 20% price fall, which helped confirm the extreme overbought conditions (marked by DeMark indicators). This also timed a key cycle peak, ahead of that all-important $2000 glass-ceiling.

Most concerning is that speculative (net long) flows have recently breached a key downside level which may threaten over 2 years of sizeable long gold positions.