Commodity Prices

Gold •789 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,789.70	-64.60	-3.48%
WTI Crude •10 mins	85.61	+2.21	+2.65%
Gasoline •10 mins	3.073	+0.023	+0.76%
Ethanol •789 days	2.161	+0.000	+0.00%
Silver •789 days	30.82	+1.16	+3.92%

Silver • 789 days	30.82	+1.16	+3.92%
Copper • 789 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	90.27	+2.17	+2.46%
Natural Gas • 11 mins	2.931	+0.043	+1.49%
Heating Oil • 46 mins	4.488	+0.131	+3.02%

Headlines

1,173 days Will The ECB Continue To Hike Rates?
1,173 days Forbes: Aramco Remains Largest Company In The Middle East
1,175 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,575 days Could Crypto Overtake Traditional Investment?
1,580 days Americans Still Quitting Jobs At Record Pace
1,582 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,585 days Is The Dollar Too Strong?
1,585 days Big Tech Disappoints Investors on Earnings Calls
1,586 days Fear And Celebration On Twitter as Musk Takes The Reins
1,588 days China Is Quietly Trying To Distance Itself From Russia
1,588 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,592 days Crypto Investors Won Big In 2021
1,592 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,593 days Food Prices Are Skyrocketing As Putin’s War Persists
1,595 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,596 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,599 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,600 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,600 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,602 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

William Yii

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

More Info

Contact Author

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
Larger Image