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.


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


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


Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.