Oil Chart — Not Looking Good

Oil has dropped below its 200-day moving average and, more importantly, hasn’t been able to recover. This is not the behavior you see when the bull is charging.

1. If the Major Indices Rally, How High Could They Go? Nothing goes in a straight line, up or down.  Earlier this week, I said the major stock indices could be...
2. Friday Morning Roundup I’m busy getting ready for my trip to Vancouver and the 2009 Vancouver Resource Investment Conference this weekend.  So I’ll keep...
3. Gold Resistance and Support This morning, we saw gold pull back, but buyers are coming in.  We’ll see where we end the day.  A...