Turkey Contagion? Gold Breaks Down Through $1,180, Palladium Down 20.6% For Year, Copper Down 16.6%

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Commodities are having a bad day … and year.

While most commodities are down today, for the year metals are down between 9% (Gold) and 20.6% (Palladium). Copper is down 16.6% for the year.

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Over the past two days, precious metals have gotten clobbered.

commodcrush

I was hoping that iron prices were falling too so I could play the “Iron Man” meme. But what the heck! 

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