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Commodity Smackdown In Progress

from Zero Hedge:

While the immediate catalyst will be heralded a weak ADP report, commodities in general have been sliding all morning. In the last few minutes (and for the third day in a row) Silver and Gold prices have slumped hard around the 8ET hour. What is somewhat od about this smackdown is that the USD is being sold aggressively against the JPY (tested 97) and EUR (above 1.32). Oil is not smackdown retradant and has dropped back under $91.50 for WTI. S&P futures are 6 points off overnight highs (a mere -2 from the close).

Read More @ ZeroHedge.com

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