Commodity Prices

Gold •828 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,693.30	+51.30	+3.12%
WTI Crude •9 hours	91.85	+0.36	+0.39%
Gasoline •9 hours	3.295	-0.021	-0.63%
Ethanol •828 days	2.161	+0.000	+0.00%
Silver •828 days	30.82	+1.16	+3.92%

Silver • 828 days	30.82	+1.16	+3.92%
Copper • 828 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	104.72	+0.44	+0.42%
Natural Gas • 9 hours	3.220	+0.052	+1.64%
Heating Oil • 9 hours	4.738	-0.145	-2.96%

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Robert McHugh

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania.

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Weekend Market Newsletter

By Robert McHugh - Nov 06, 2011, 9:17 AM CST

Stocks should decline this week, according to the highest probability Elliott Wave scenarios, and according to small Head & Shoulders top patterns unfolding. Downside targets are 11,000ish in the Industrials and 1,150ish in the S&P 500. We have a phi mate turn date due next Friday, November 11th. If prices fall hard this week, or move sideways, this turn will be a bottom. If prices rally, that turn should be a top.