"No warning can save people determined to grow suddenly rich" - Lord Overstone

Gold •604 days 2,368.70 +35.30 +1.51%
Platinum •10 mins 2,373.50 +133.90 +5.98%
WTI Crude •8 hours 67.02 +1.81 +2.78%
Gasoline •8 hours 2.078 +0.046 +2.24%
Ethanol •604 days 2.161 +0.000 +0.00%
Silver •604 days 30.82 +1.16 +3.92%
Silver • 604 days 30.82 +1.16 +3.92%
Copper • 604 days 4.530 +0.111 +2.51%
Brent Crude • 7 hours 72.87 +2.03 +2.87%
Natural Gas • 8 hours 2.859 +0.032 +1.13%
Heating Oil • 8 hours 2.671 +0.058 +2.24%
  • 989 days Will The ECB Continue To Hike Rates?
  • 989 days Forbes: Aramco Remains Largest Company In The Middle East
  • 991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,391 days Could Crypto Overtake Traditional Investment?
  • 1,395 days Americans Still Quitting Jobs At Record Pace
  • 1,397 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,400 days Is The Dollar Too Strong?
  • 1,401 days Big Tech Disappoints Investors on Earnings Calls
  • 1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,403 days China Is Quietly Trying To Distance Itself From Russia
  • 1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,408 days Crypto Investors Won Big In 2021
  • 1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,415 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,415 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,418 days Are NFTs About To Take Over Gaming?
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Mike Shedlock

Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

More Info

Contact Author

Share

Related News

  1. Home
  2. Markets
  3. Other

Huge Commodity Reversals; Is the Bottom In?

By Mike Shedlock - Dec 01, 2014, 5:00 PM CST

Gold, silver, and oil put in pretty spectacular reversals today from Friday Noon. Let's take a look.


Gold 60-Minute Chart

Gold 60-Minute Chart
Larger Image


Silver 60-Minute Chart

Silver 60-Minute Chart
Larger Image


Brent Crude

Brent Crude
Larger Image


Gold, Silver, Crude

Gold, Silver, Crude

Prices approximate as of 2:40 PM Central.


Is the Bottom In?

These are enormous 1-day swings. Coupled with previous action, it's likely gold and silver have hit at least a short-term bottom, and likely much longer.

 

Back to homepage

Previous Post

How Does 2014 Compare To 1987 And 2007?

Next Post

GBP/JPY - Bullish Breakout of The Key Resistance at 186.13

Related posts

Leave a comment

Leave a comment






Copyright © 2026 Safehaven.com All rights reserved.
By using this site you agree to the Disclaimer, Privacy and Cookie Policy.