COMMODITY STOCKS GET CRUSHED TODAY

Last week I posted a chart of why I thought commodity stocks will go lower, well it appears they have turned the corner and are headed down.. The weakest stocks today were the oil and metal stocks..If you look at the above chart, you can see that the $XOI and $XAU have broken their uptrends and may now begin to head lower in my opinion. The $XAU index was down 3.76%..Some of the weakest commodity related stocks today were GG down 5.33%, GOLD down 5.21%,CDE down 4.24% MRO down 3.32%, SUN down 3.47% and RDC down 5.99%