Global Economic
Trend Analysis

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Monday, December 01, 2014 3:03 PM

Huge Commodity Reversals; Is the Bottom In?

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

Gold 60-Minute Chart

Silver 60-Minute Chart

Brent Crude

Gold, Silver, Crude

click on any chart for sharper image

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.

Mike "Mish" Shedlock

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