Commodity Prices

Gold •144 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	975.10	+4.60	+0.47%
WTI Crude •1 day	71.24	+1.14	+1.63%
Gasoline •1 day	2.061	+0.002	+0.10%
Ethanol •144 days	2.161	+0.000	+0.00%
Silver •144 days	30.82	+1.16	+3.92%

Silver • 144 days	30.82	+1.16	+3.92%
Copper • 144 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	75.17	+0.94	+1.27%
Natural Gas • 1 day	3.129	-0.210	-6.29%
Heating Oil • 1 day	2.275	+0.001	+0.02%

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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.