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Huge Commodity Reversals; Is the Bottom In?

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Mish

Global Economic Analysis

Published : December 01st, 2014

68 words - Reading time : less than a minute

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	Oil, Gold, Silver put in pretty spectacular reversals today from Friday Noon Close. Let's take a look. Gold 60-Minute Chart Silver 60-Minute Chart Brent Crude Gold, Silver, Crude 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 http://globaleconomicanalysis.blogspot.com

Source : globaleconomicanalysis.blogspot.com

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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