"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •299 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 991.90 | -3.30 | -0.33% |
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WTI Crude •10 mins | 61.30 | -0.75 | -1.21% |
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Gasoline •1 hour | 2.098 | -0.008 | -0.37% |
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Ethanol •299 days | 2.161 | +0.000 | +0.00% |
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Silver •299 days | 30.82 | +1.16 | +3.92% |
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Silver • 299 days | 30.82 | +1.16 | +3.92% | |
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Copper • 299 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 65.08 | -0.78 | -1.18% | |
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Natural Gas • 11 mins | 3.337 | -0.006 | -0.18% | |
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Heating Oil • 11 mins | 2.157 | -0.018 | -0.85% |
An economic slowdown in many…
Stocks sold off last week…
Forever 21 filed for Chapter…
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.
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