Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,366.50	+23.50	+1.75%
WTI Crude •10 mins	65.27	+0.16	+0.25%
Gasoline •10 mins	2.077	+0.005	+0.22%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.80	+0.06	+0.09%
Natural Gas • 10 mins	3.296	-0.160	-4.63%
Heating Oil • 10 mins	2.304	+0.027	+1.20%

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Erik Swarts

Erik is an active trader, who has always taken a broad perspective when approaching the markets.

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Hi Ho Silver

By Erik Swarts - Dec 05, 2012, 6:03 AM CST

The rubber band that is the US dollar index continues to extend from its late November hinge.

2011 SPX versus 2012 UUP
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Considering that weakness in silver has preceded major pivots lower in the euro - dollar bears would be wise to heed its call and take shelter for an early winter slumber. I am indeed biased here, but can appreciate the symmetry of their respective retracements. Both silver and the USDX exceeded mirrors of their 61.8% retracement levels. The bottom line though is that silver continues to hold prescience to risk appetites.

Silver Daily Chart
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