Tweet By Poly Oddly enough the weakest asset (crude) I’ve been tracking resisted today’s equity market drop.  This was primarily due to what was a bullish Department of Energy release of energy inventories.  It showed a larger than expected decline in stockpiles of crude oil.  The expectation was for inventories to decline by 650K barrels, [...]

Tweet By Poly     The waterfall decline I’ve been expecting has essentially now been satisfied (Red line).  The Cycle has run into the 25 day range and is more than ready to print a Daily Cycle Low.  Technically gold is oversold to the level where DCL’s have comfortably formed.  From this point forward it [...]

Tweet By Jeff Pierce Mid day update: traded as low as $1440 in overnight trading. Currently bear flagging on 60 min and looks like it’s heading lower. Given how oversold Gold was it doesn’t surprise me to see it rally off the lows, but in my opinion that move is just about over and now [...]

Tweet By Poly  Crude oil inventories skyrocketed in an announcement today and it sent crude crashing by as much as $3 at the lows of the session.  This was the largest weekly increase since September and it puts inventories at an all-time high.  The announcement was further evidence that a combination of higher supply and [...]