Consumer confidence weakened more than Wall Street expected in July. This data has put the pain on commodities. September crude oil is down by 5.1%, while spot gold is down 2.5% (almost $24 dollars). The Dollar index is up by 0.72% at 79.56 and avoided breaking below its near-term support.

The Chinese stock market sold off, almost 5%, which is supposed to be a bad sign for the world at large. Could this be just a profit taking? It’s important to note that stocks in Shanghai currently trade for 35 times earnings and the market is up 79% this year.

The Euro stopped moving higher along with the commodity currencies and stocks this week. Should there be growing concern that global demand is not improving?

Spain's unemployment is at 17.5% and worsening, while budget deficits across the world are soaring as governments spend to counteract the recessionary pressures.

Mariusz Ganczar, who has been in the lead for the past 2 months, managed to increase his gains to 642% this week, and Hanqui Guo, who was second in the last edition of the WTI, is already in 4th place with gains of 137% and impressive money management skills.