Commodity Prices

Gold •202 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	969.70	-1.10	-0.11%
WTI Crude •9 hours	75.89	-1.99	-2.56%
Gasoline •32 mins	2.083	-0.002	-0.09%
Ethanol •202 days	2.161	+0.000	+0.00%
Silver •202 days	30.82	+1.16	+3.92%

Silver • 202 days	30.82	+1.16	+3.92%
Copper • 202 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	79.33	+0.04	+0.05%
Natural Gas • 10 mins	3.757	+0.001	+0.03%
Heating Oil • 31 mins	2.562	+0.004	+0.16%

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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.