Commodity Prices

Gold •662 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,026.50	-3.90	-0.19%
WTI Crude •11 mins	96.28	+1.88	+1.99%
Gasoline •14 mins	3.510	+0.047	+1.37%
Ethanol •662 days	2.161	+0.000	+0.00%
Silver •662 days	30.82	+1.16	+3.92%

Silver • 662 days	30.82	+1.16	+3.92%
Copper • 662 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.60	+2.27	+2.16%
Natural Gas • 12 mins	2.513	-0.010	-0.40%
Heating Oil • 29 mins	4.030	+0.143	+3.67%

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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.