Commodity Prices

Gold •348 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,245.20	+33.30	+2.75%
WTI Crude •10 mins	71.60	-1.38	-1.89%
Gasoline •10 mins	2.226	-0.001	-0.06%
Ethanol •348 days	2.161	+0.000	+0.00%
Silver •348 days	30.82	+1.16	+3.92%

Silver • 348 days	30.82	+1.16	+3.92%
Copper • 348 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.92	-1.31	-1.76%
Natural Gas • 10 mins	3.749	+0.168	+4.69%
Heating Oil • 10 mins	2.379	+0.020	+0.84%

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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.