The Gold Buzz

Presented by Heartland Investor Capital Management Inc. CTA

Gold:
 Strong wave three rally drawing heavy public interest
Short-term peak likely before a corrective wave four
Seasonal strength could return during the winter holidays

Crude Oil:
 Short-term bounce likely capped near $63
OPEC restraint fails to lift prices amid soft demand
Broader trend remains lower heading into year-end

Corn:
 Prices stall near the mid-420s and test key support
Possible head-and-shoulders bottom forming on charts
USDA aid may slow selling now but cap future rallies

Soybeans:
 Wave three rally underway after last week’s correction
Weak yields in eastern states support firmer prices
Close above $10.30 targets $10.50 to $11 next

Cattle:
 Tariff relief talks with Brazil could pressure live cattle
Feeder cattle near $370 may face short-term correction
Seasonal rebound likely into December and early 2026

Provided by:

Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)

Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable to Heartland Investor Capital Management, Inc. but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK of LOSS involved in trading futures and / or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. The information contained in this newsletter is privileged, confidential and protected from disclosure. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited. Provided by Heartland Investor Capital Management, Inc. a registered CTA with the NFA, of which Eugene Graner is principal. This entity is a separate legal entity from the Introducing Broker Heartland Investor Services.