Commodity Prices

Gold •142 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	975.10	+4.60	+0.47%
WTI Crude •15 hours	71.24	+1.14	+1.63%
Gasoline •15 hours	2.061	+0.002	+0.10%
Ethanol •142 days	2.161	+0.000	+0.00%
Silver •142 days	30.82	+1.16	+3.92%

Silver • 142 days	30.82	+1.16	+3.92%
Copper • 142 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	75.17	+0.94	+1.27%
Natural Gas • 15 hours	3.129	-0.210	-6.29%
Heating Oil • 15 hours	2.275	+0.001	+0.02%

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Daily Technical Report

By - Oct 31, 2011, 7:46 AM CDT

Gold: Risk of a larger decline beneath $1530.

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.