Commodity Prices

Gold •709 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,715.40	+49.70	+2.98%
WTI Crude •10 mins	84.90	-2.81	-3.20%
Gasoline •10 mins	3.051	-0.051	-1.64%
Ethanol •709 days	2.161	+0.000	+0.00%
Silver •709 days	30.82	+1.16	+3.92%

Silver • 709 days	30.82	+1.16	+3.92%
Copper • 709 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	87.32	-3.06	-3.39%
Natural Gas • 10 mins	3.119	+0.032	+1.04%
Heating Oil • 10 mins	3.405	-0.108	-3.07%

Headlines

1,093 days Will The ECB Continue To Hike Rates?
1,093 days Forbes: Aramco Remains Largest Company In The Middle East
1,095 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,495 days Could Crypto Overtake Traditional Investment?
1,500 days Americans Still Quitting Jobs At Record Pace
1,502 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,505 days Is The Dollar Too Strong?
1,505 days Big Tech Disappoints Investors on Earnings Calls
1,506 days Fear And Celebration On Twitter as Musk Takes The Reins
1,508 days China Is Quietly Trying To Distance Itself From Russia
1,508 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,512 days Crypto Investors Won Big In 2021
1,512 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,513 days Food Prices Are Skyrocketing As Putin’s War Persists
1,515 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,516 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,519 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,520 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,520 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,522 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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…

More Info

Contact Author

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.