Commodity Prices

Gold •627 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,769.90	-200.60	-10.18%
WTI Crude •11 mins	99.32	+1.09	+1.11%
Gasoline •14 mins	3.339	+0.053	+1.60%
Ethanol •627 days	2.161	+0.000	+0.00%
Silver •627 days	30.82	+1.16	+3.92%

Silver • 627 days	30.82	+1.16	+3.92%
Copper • 627 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	113.67	+1.48	+1.32%
Natural Gas • 11 mins	3.139	+0.044	+1.42%
Heating Oil • 13 mins	4.793	+0.184	+4.00%

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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.