Commodity Prices

Gold •320 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,052.00	+46.10	+4.58%
WTI Crude •11 mins	62.60	-0.09	-0.14%
Gasoline •10 mins	2.146	+0.008	+0.35%
Ethanol •320 days	2.161	+0.000	+0.00%
Silver •320 days	30.82	+1.16	+3.92%

Silver • 320 days	30.82	+1.16	+3.92%
Copper • 320 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.37	-0.17	-0.26%
Natural Gas • 10 mins	3.384	+0.271	+8.71%
Heating Oil • 10 mins	2.126	-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.