From the Early May 2011 bottom in gold, the price has traced out an ending diagonal that truncated at the same degree. Today the price moved sharply lower, confirming the orthodox top yesterday. Falling gold confirms the tops being in for silver and oil.
With commodities heading down, and lending drying up, the economy is going to experience some deflation very shortly.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.