Commodity Prices

Gold •352 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,264.50	-48.60	-3.70%
WTI Crude •13 hours	73.84	+0.34	+0.46%
Gasoline •13 hours	2.330	+0.021	+0.91%
Ethanol •352 days	2.161	+0.000	+0.00%
Silver •352 days	30.82	+1.16	+3.92%

Silver • 352 days	30.82	+1.16	+3.92%
Copper • 352 days	4.530	+0.111	+2.51%
Brent Crude • 12 hours	77.01	-1.84	-2.33%
Natural Gas • 13 hours	3.847	-0.142	-3.56%
Heating Oil • 13 hours	2.542	+0.008	+0.33%

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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.