Commodity Prices

Gold •15 mins	1,579.80	+7.90	+0.50%
Platinum •15 mins	989.40	-21.20	-2.10%
WTI Crude •11 mins	53.14	-1.05	-1.94%
Gasoline •11 mins	1.480	-0.046	-3.00%
Ethanol •2 days	1.335	-0.019	-1.40%
Silver •15 mins	18.18	+0.07	+0.37%

Silver • 15 mins	18.18	+0.07	+0.37%
Copper • 15 mins	2.618	-0.067	-2.48%
Brent Crude • 10 mins	58.57	-1.32	-2.20%
Natural Gas • 10 mins	1.893	+0.023	+1.23%
Heating Oil • 10 mins	1.685	-0.052	-3.00%

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William Yii

William Yii (Affiliate CMT) is a professional fund manager currently based in Malaysia with extensive experience in managing Asian equities portfolios.

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Yesterday's Rout Swiftly Brought Gold on to the 'Support Line-1 from 2000'

By William Yii - Jun 27, 2013, 7:35 PM CDT

At current price of USD 1,200, it is a blink away from the "support line-2" which is the "mother-of-all-supports for gold"
It would be the "make-or-break" level for the gold-bull since 2000, i.e if the long-term bull case were to stay intact, gold price must not be breaking this level decisively
In other words, this level around USD 1,050 may still be broken but gold needs to defend this level quickly after a break (if this ever happen)
The truth shall be upon us soon...

Gold 2000-2013 Chart
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