Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,360.60	-1.10	-0.08%
WTI Crude •11 mins	64.10	-0.50	-0.77%
Gasoline •31 mins	2.188	-0.011	-0.51%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	68.16	-0.46	-0.67%
Natural Gas • 11 mins	2.981	+0.037	+1.26%
Heating Oil • 16 mins	2.275	-0.034	-1.49%

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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.