For the 4th straight week, US equities closed lower and under heavy selling pressure. Gold on the other hand soared to new highs, on fears that the sovereign debt crisis is escalating and getting totally out of hand. (It’s already out of hand).<br /><br />With world equities coming under pressure crude oil was not immune to the potential of less demand for this commodity. With that in mind crude oil slipped 3.6% for the week.<br /><br />So there you have it, the trends continue, and these trends are likely to continue in the near future.
