Gold Settles The Week At $1368.90 The first week of 2011 produced a very choppy and volatile $71.70 range as traders and investors tried to decipher this week’s economic data. I believe this trend will continue as traders will be forced to take profits as the gold and Silver markets continue to trade in overbought […]
March soybean futures at the Chicago Board of Trade have backed off from Monday’s contract and two-year high of $14.09 a bushel. Profit-taking has been featured and no serious chart damage has yet been inflicted. However, the soybean bulls have faded a bit and there are some worrisome early technical clues that have developed this […]
We view the current sell off in a number of commodities as merely a correction not an end to the decade old bull market. The chart was ugly but I did think we would see $94/95 in Crude before this correction…I stand corrected. The fact that we closed below the 20 day MA we should […]
