Commodity Prices

Gold •474 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,647.10	-5.10	-0.31%
WTI Crude •2 hours	57.22	-0.30	-0.52%
Gasoline •16 mins	1.824	-0.006	-0.34%
Ethanol •474 days	2.161	+0.000	+0.00%
Silver •474 days	30.82	+1.16	+3.92%

Silver • 474 days	30.82	+1.16	+3.92%
Copper • 474 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.83	-0.18	-0.30%
Natural Gas • 11 mins	3.390	-0.007	-0.21%
Heating Oil • 12 mins	2.178	-0.015	-0.66%

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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.