| Oil has been reeling for about a year; now gold is getting slammed - not pretty for commodities investors. The Bloomberg Commodities Index dropped to a 13-year low Monday - weaker than after the banking meltdown of 2008 and the euro-zone crisis of 2012. From wheat, to copper, to natural gas, little has escaped the rout.
"Commodities are a mess," Walter "Bucky" Hellwig, who helps manage $US17 billion at BB&T Wealth Management, said. "We are not looking to add to positions." It's the year's worst-performing asset class, with the Bloomberg gauge down more than 7 per cent. In Monday's drop, the value of holdings in exchange-traded products for gold plunged to its lowest since 2009. During a stretch of about 15 minutes in Asian trading hours, prices of the metal fell the most in two years...............................................Full Article: Source
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