Commodities slaughtered

A morning selloff turned into a complete rout. My $575 post to take profits in gold seems timely with gold back below $550 tonight – just 24 hours later.

Fast market and I would be back buying long-term positions in the $530’s.

I still think we are in a massive commodity boom for oil and metals so you have to hope for carnage like this to rebuild positions. Don’t watch the news – there isn’t any!