back in your den bears, page-35

CRB commodity index appears to have peaked on 9 Nov then reversed lower (as did gold & silver too). Oil followed trend 2 days later. Is this the start of a major reversal in trend for commodities?

"A Slew of Tops on the Week of November 5-12"

Many American, European, South American and Asian stock market indexes, and fourteen commodities made highs for the year between November 5 and 12.

Gold, silver, platinum, palladium, copper, oil, cotton, coffee, sugar, corn, rice, soybeans, soybean meal, soybean oil and the CRB index all made highs for the year then, and so did stock indexes in the U.S., Britain, Norway, Singapore, Hong Kong, Korea, Taiwan, India, Pakistan, Indonesia, Philippines, Malaysia, Thailand, Mexico, Argentina, Columbia, Chile and Peru....

Whether or not these are the final highs for the year, this certainly shows the power of our All the Same Market theme..

http://www.elliottwave.com/freeupdates/archives/2010/11/22/November-5-12-Some-Kind-of-Cosmic-Peak-in-Speculative-Fever.aspx