Coffee futures were lower again on what appeared to be speculative selling tied to big production ideas from Brazil as the harvest has started.
The short-term trend for major stock indexes is still positive, but it looks increasingly tired.
In the Dow-to-gold ratio chart, we see an important breakout above the declining long-term resistance line. This has bearish implications for gold.
Chairman Gary Gensler’s recusal from the investigation into MF Global was unnecessary, according to the agency’s internal watchdog.