Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	955.50	-39.70	-3.99%
WTI Crude •11 mins	66.80	-4.91	-6.85%
Gasoline •10 mins	2.159	-0.172	-7.36%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	70.10	-4.85	-6.47%
Natural Gas • 10 mins	4.122	+0.067	+1.65%
Heating Oil • 10 mins	2.182	-0.140	-6.02%

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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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Trapped

By Erik Swarts - Oct 22, 2013, 6:37 PM CDT

Between the breakdowns in the US dollar and 10 year yields, precious metals have trapped the Johnny-come-lately and dogmatic bears and are surging higher this morning on the backs of their downtrodden miners.

From our perspective, capitulation in the sector is now in the rear view mirror - as the relative performance between the miners and their underlying spot prices has pivoted sharply higher.

Onwards and upwards.

GDX 2011-2013 versus BKX 2010-2011 Chart
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