Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	969.20	-1.30	-0.13%
WTI Crude •10 mins	70.22	+0.12	+0.17%
Gasoline •19 mins	2.055	-0.004	-0.21%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.33	+0.10	+0.13%
Natural Gas • 10 mins	3.416	+0.077	+2.31%
Heating Oil • 10 mins	2.273	-0.001	-0.06%

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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.