Tuesday, January 25, 2011


Hi=473.97 Q2'08 Lo=200.16 Q1'09
50% retracement=336.90
Reached 336.29 on 1.19.11
The CRB commodity price index reached a two year high (336.29) on 1.19.11 last week.
That is as close as you are going to get to a Fibbinocci 50% retracement point. Gold has lost some of its safe-haven appeal , rumors that the Saudis have increased output and demand worries are hitting the pricing of many base metals.





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