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What is this orange line, and why should you care?
On the longer term, zoomed out version, this is the center trendline on the BIG picture gold chart.
Silver also had a pretty nasty candle today and to be honest all of the metals are a sell unless you invest longer term.
I am making the prediction that I think oil is very close to a top and that commodities in general are about to take the L.
I have the oil stocks up front right now because to me at least WTI is brushing up against a long term trendline at the same time the Dow is.
ConocoPhillips looked like it might break out but it had a quick move back under the trendline today.
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