Commodity Prices

Gold •504 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,559.40	+2.60	+0.17%
WTI Crude •11 mins	59.81	+0.56	+0.95%
Gasoline •11 mins	1.941	+0.009	+0.44%
Ethanol •504 days	2.161	+0.000	+0.00%
Silver •504 days	30.82	+1.16	+3.92%

Silver • 504 days	30.82	+1.16	+3.92%
Copper • 504 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.11	+0.60	+0.94%
Natural Gas • 11 mins	4.534	-0.016	-0.35%
Heating Oil • 11 mins	2.630	-0.006	-0.22%

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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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