Wow, commodities are taking it on chin today in US session as well as the commodity currencies Aussie, Kiwi and Canadian dollar. This is the largest down day for gold since July 1st 2010. Me still thinks next week is setting up for some bloodbath (vicious volatility).
For those trading the S&P500 this is not looking nice. This is a 4hr chart trend.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!