Gold Blew A Gasket
Presented by Heartland Investor Capital Management Inc. CTA
Gold:
Blew out early but reversed sharply, forming a key reversal down.
Seasonal pattern suggests potential weakness into year-end before a December bottom.
Resistance expected around $4,080; likely bounce before further selling.
Silver:
Touched $50 for the third time in 45 years before collapsing $3.
Outside-day reversal down signals exhaustion, but a recovery bounce likely.
Support and next buy zone expected between $44–$45.
Cattle:
Feeder cattle surged to record highs, confirming a major wave five extension.
Measured move targets near 385–400 possible as historic bull run continues.
Live cattle remain disconnected from feeders, with profitability pressures persisting.
Corn:
Failed at 100-day moving average near 423, retreating toward the 50-day.
Harvest pressure building as activity surpasses halfway mark.
If 50-day breaks, retracement targets 413–414 before next turn higher.
Soybeans:
Double topped at 62% retracement, holding just above key 1020 support.
Weakness tied to renewed China rare earth trade tensions.
Harvest nearing completion; bounce tomorrow would signal strong demand base.
Crude Oil:
Softened after failed bounce and false breakout above $61.5.
Peace reports from the Middle East pressured prices lower.
OPEC output increases and U.S. stock builds point to continued downside risk.
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.