Commodity Prices

Gold •377 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,414.80	-3.20	-0.23%
WTI Crude •10 mins	66.66	-0.32	-0.48%
Gasoline •12 mins	2.173	+0.007	+0.34%
Ethanol •377 days	2.161	+0.000	+0.00%
Silver •377 days	30.82	+1.16	+3.92%

Silver • 377 days	30.82	+1.16	+3.92%
Copper • 377 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.81	-0.40	-0.58%
Natural Gas • 10 mins	3.528	+0.062	+1.79%
Heating Oil • 10 mins	2.406	+0.017	+0.69%

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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…

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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.